Lanhdanan
109961
2676
17
Feb 3, 2023 4:00 PM
Lanhdanan
109961
2676
17
sasquatchmjc
For real, why Isn't this put to a vote?
Guedeana
Mr Sanders,we love you.
Simusar
More than the tax itself, we need to close loopholes that allow corporations to get out of paying taxes in the first place.
MrsGogol
OhMyYoureSexxy
SoshiGenkaku
Welp time to up the corporate tax percentage on profits. Let them make 35b in profit, just make them pay 50% of it in taxes. No reductions
DudeThatsRacist
OliverOtter
Buybacks often make economic sense for a company's health. Other times they don't. Ban investor input. Stocks=loans not ownership.
unluckyandbored
Because the oil companies own the government.
Shadowkrieger
Haven't heard a single bad idea from Bernie, since I started seeing his posts.
mardukkur
Eh, he's got some questionable ideas when you dig into it but these two are not questionable, at all. They're both really solid policy.
Bizarkly
What the Senate can do -- if they would -- is to *ban subsidies* to corporations; **particularly** low-cost oil leases...
endyrr
My family says oil companies charging so much is fair because they had bad years during COVID and need to get it back. The brainwash is real
jonReremy9669
hfctom
Sorry. Best we can do is (checks notes) blind obedience to Capitalism in its one true form and a rejection of Socialism.... /s
Filanwizard
Windfall taxes and ban stock buybacks
creamygreek
Must ban stock buybacks? I mean tax the rich but banning buybacks is f’ed up. There must be more to this?
creamygreek
Thinking about this even more. Forced dividends would provide taxation. Yep ban stock buybacks and force dividends.
trippingthelightfantastic
Worldwide subsidies of $5.9 TRILLION. https://e360.yale.edu/digest/fossil-fuels-received-5-9-trillion-in-subsidies-in-2020-report-finds
fireflyseasontwo
And the US Military is mostly to protect corporate interests so that's another subsidy of money, and bodies
eliandros
Bernie Sanders for President.
ItsACrazyWorld
He says we need to ban it but no one steps forward to do it... and they won't sit back and let it happen either
vwzzjxv6f9101
The rich used to pay taxes. Now they loan money to the US government – at a profit that everyone else pays for. Robert Reich.
tacosmckinsey
We must but we won't
threenotch23
How about banning subsidies for companies that show a profit equal to the subsidies?
jansenart
@OP "End Greed." (Pass it on.)
spict
Paying almost $1 / l ??? No... Impossible.
johnftHero
Pull up a commodity ngas chart. At its peak it was trading at 10 now at 2.... Same as at 2018.. who is cheating who?
mardukkur
This is great. Instead of the stupid and false "inflation is just price gouging" message, identify that windfall profits are unearned...
mardukkur
and should be clawed back via taxes, and that stock buybacks harm the long term viability of companies for short term profit.
PrinceOfWhales
If we only had another 300 people in Congress just like Bernie.
livingonagiantfireball
Thisz this is the american "dream" as it will not become real but just a "dream" as thing only get worst.
Tumescentpie
And maybe a president and a Supreme Court.
Santorrr
Funny how power is distributed in the US. You should check out this guy Montesquieu
jediknightswhosayni
They don't need to be just like Bernie, cool as that would be. The problem is their corruption. Eliminating that solves a ton of problems
Heavenissize17socks
The problem is that the corporations feel that they have a duty to their shareholders. Not their customers.
Sidewaysgts
But we won’t
BootsDusty
my1rstlaptopwas34inchscreenup
looks like they've got the pinball map
VikingsAreNinjaPirates
"I'll take 'How Reagan Fucked Up America and We've Been in a Slowly-Revealed Hellscape for 40 Years' for $2000."
jonReremy9669
fucc the zucc & fb right now
BoonDren
Jarzii
REAGAN!!!
TheLordFoxington
When the question of "if you can go back in time and kill one person" pops up, my answer is always Reagan.
kimiDriver
Dick Cheney
TheDaharMaster
FUCK that greasy cocksucker and his ilk.
demagreg365
Ronald Wilson Reagan = 6 6 6
demagreg365
Should probably kill Hitler first tho
Destro24
That law is up for debate because it keeps businesses from scamming investors while also incentivizing tax dodging. The big thing is that
Destro24
businesses should not be a guarantee by the government but a risk that can fail. We tax people to provide low interest loans basically to
Destro24
big corporations but don’t get a return to the public when it should be going both ways.
The22ndDoctor
*Re-enact. https://en.wikipedia.org/wiki/Crude_Oil_Windfall_Profit_Tax_Act_of_1980
pixelsnader
*LARP. Wait, what?
browsererror
In the 90s I took an econ course that included Trickle Down effects and essentially the bulk of money all went to buybacks and buy-outs.
jasonboison
And create a longer buy back period or none at all, for companies selling and rebuying for a tax credit
BigOChicago
Of course it was Reagan that repealed it.
Draevan13
A lot of, if not the vast majority of, things wrong with America today can be traced back to Reagan.
onlyhalfghost
most of the rest land at Nixon (drug war, southern strategy, impunity of politicians) Wilson (racist institutions) or Clinton (bank dereg)
myth1250
Most Reagon era economic decisions need reversed, revoking this included. Patsy 2024, Unfuck America
armandraynal
Without the threats of the labor movement and soviets, capital is free to take back what it momentarily granted. That's class struggle 101.
armandraynal
https://archive.org/details/michael-parenti-giobal-rollback-after-communism/mode/2up
Randomice
And prevent companies making record profits to be saved by the next Government bailout. Save it for the lean times or face the consequences.
Einstein9073
Government bailouts should be paid with stock, or it's a scam. If you take government money, you issue Equity
pumper
Bail them out, but nationalize them while doing it.
jadanks
“just horde more wealth” doesn’t seem like a winning strategy.
candar
Like the fucking rest of us. They're the ones that wanted to be people.
Googlhupf
Too big to fail.
Doso777
Sorry to burst your bubble but Chevron didn't get bailed out, even spoke out against bailouts in 2020.
GoodChange
Bail them out but then the government takes over a majority of the ownership
AccountCreatedToUpvoteDogs
Lufthansa is now 20%owned by the German govt as their covid bailout.
Randomice
Yes, also. When the trouble hits, watch their stock price tank and the government can buy at bankruptcy prices.
onlyhalfghost
"too big to fail means too big to leave to private hands. Your move, CEO"
nycterelis
That can only work for non publicly traded companies, *usually*. Unless the company itself, not the CEO as an individual, owns the 1/2
FailedToResist
Company shares aren't fixed in qty. They can issue more, or buy-back (after the price has tanked due to near-bankruptcy).
nycterelis
Majority stock. Otherwise, where are the shares coming from? They have to be bought from someone, and that also takes money. If its 2/x
nycterelis
Part of the bail out, then that money is going into the pocket of the individual, not back into the company's budget. There is 3/x
nycterelis
Probably another solution to this, but this one in particular won't work for every publicly traded company. It's a good idea where it works.
myth1250
Massive companies shouldn’t get bailout, “let them sink like capitalism intended,” the same way they let workers sink. Patsy 2024
ParryLost
Maybe oil companies and major banks need to buy less avocado toast! And pull themselves up by their bootstraps in lean times, you know?
myth1250
Agreed. If the rich and companies say workers should “live lean” then they should be forced to lead by example and sink if they’re failing.
AbstractArtemis
I think they use a different saying. "Pull yourself up by your congressmen." And I think that's beautiful
IUsedToHaveUsernameOnce
Let them sink with Big Tech companies or big banks should be on a Tshirt
myth1250
There’s an algorithm driven site making it now that you wrote it lol
IUsedToHaveUsernameOnce
ah isn't life in a cyberpunk dystopia just... *chefs kiss*
myth1250
Right. We could’ve had any kind of future and this is the direction our species decided to head.
MerriMod
"But we do so much for the economy! If we fail, everyone will suffer!" [proceeds to use all their money on their own stock value]
RyuRichmond
"But if we stop destroying the earth and sucking dry the resources how will we afford to fill our 8 trucks' gas tanks??!!"
SirenBrick
And then downsizes and outsources anyways... "please government, more money1"
myth1250
Yep, exact point. Let them sink so better companies can rise in their place. Sink or swim is what they want, it’s what they should get.
AbstractArtemis
You must not know! While that may seem fair, it's actually not because those companies are rich. Treating them fairly is unfair silly
myth1250
Better slap the “/s” on that cause some people have severe trouble even with obvious sarcasm.