Vermont Senator and 2020 presidential hopeful Bernie Sanders unveiled his latest plan to fight “unfettered capitalism” in recent days; saying the United States should promote “employee-owned” corporations.
“Sen. Bernie Sanders (I-Vt.) will push new policies aimed at giving workers a greater ownership stake in companies, moves the 2020 presidential candidate is pitching as a dramatic transfer of power in the U.S. economy,” writes the Washington Post.
“The plans would give millions of workers the type of workplace influence typically reserved for shareholders and executives,” adds the newspaper.
“The establishment says there’s no alternative to an unfettered capitalism that produces huge CEO bonuses while millions are paid starvation wages. They are dead wrong. Instead of more tax breaks to profitable corporations, let’s expand employee ownership,” posted Sanders on social media.
The establishment says there's no alternative to an unfettered capitalism that produces huge CEO bonuses while millions are paid starvation wages. They are dead wrong. Instead of more tax breaks to profitable corporations, let’s expand employee ownership. https://t.co/AOeqYmctem
— Bernie Sanders (@SenSanders) May 28, 2019
“We can move to an economy where workers feel that they’re not just a cog in the machine — one where they have power over their jobs and can make decisions,” Sanders said in an interview. “Democracy isn’t just the opportunity to vote. What democracy really means is having control over your life.”
The new plan would require companies to re-invest a certain portion of profits into a fund controlled by workers. The fund would pay-out quarterly dividends as if the employees owned shares in the corporation.
“Sanders also said he will introduce a plan to force corporations to give workers a share of the seats on their boards of directors. Sen. Elizabeth Warren (D-Mass.), another 2020 presidential candidate, proposed a similar idea last year,” adds the Post.
Read the full report at the Washington Post.
SOCIALISM USA! Bernie Calls for ‘Political Revolution’ Against ‘Fossil Fuel Billionaires’
Vermont Senator and potential 2020 candidate Bernie Sanders set his sights on “fossil fuel billionaires” Monday; saying the United States needs a “political revolution” to turn the country towards “clean energy.”
Sanders posted his incendiary comments on social media this week; slamming President Trump’s tax cuts as an outright “lie” to middle class Americans.
“During Trump’s campaign, he repeatedly promised the American people that ‘the rich would not gain at all’ from his tax plan. He said it would provide a ‘big-league tax cut for the middle class.’ He lied. It’s time for an economy that works for all of us, not just the rich,” Sanders tweeted.
During Trump's campaign, he repeatedly promised the American people that “the rich would not gain at all” from his tax plan. He said it would provide a “big-league tax cut for the middle class."
It’s time for an economy that works for all of us, not just the rich.
— Bernie Sanders (@BernieSanders) December 1, 2018
It’s time for a political revolution that takes on fossil fuel billionaires, accelerates our transition to clean energy, and finally puts people before the profits of polluters.
— Bernie Sanders (@BernieSanders) December 3, 2018
The self-described Democratic Socialist is widely believed to planning another run for the White House in the coming months; refusing to deny his political ambitions when asked in recent interviews.
SOCIALISM USA! Bernie Claims USA ‘Owned’ and ‘Controlled’ by a Handful of ‘Billionaires’
Vermont Senator and likely 2020 presidential candidate Bernie Sanders slammed the United States capitalist system this week; baselessly claiming the country was “owned” by a small group of “billionaires.”
Sanders was speaking with The Real News Network in recent days when he unloaded on the current economic system; saying “incredible greed” is having a “negative impact on the fabric of our entire country.”
"It is not just that the one tenth of 1% owns more wealth than the bottom 90%. They don’t put their wealth underneath their mattresses, right. They use that wealth to perpetrate, perpetuate their power. And they do that politically" – @BernieSanders https://t.co/mNMcmVeJeK
— The Real News (@TheRealNews) December 10, 2018
“We live in a nation owned and controlled by a small number of multi-billionaires whose greed, incredible greed, insatiable greed, is having an unbelievably negative impact on the fabric of our entire country,” said the self-described Democratic-Socialist.
“When we deal with climate change, when we deal with the economy, when we deal with housing, when we deal with criminal justice or immigration issues, we have got to deal with those in a holistic way, and understand why all of that is happening. Not see them as silo-ized separate issues,” Sanders added.
Read the full story at CNBC.