Business, Economics, and Tax Policy 8: Bezos Takes Over the World

[dxmnkd316]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

JPM started that process early this year or late last year when they were getting blasted for their employees not being able to pay for rent, food, daycare, daily commute, and work clothes. They tried to defend themselves, but it didn't go well for them. And I doubt they've actually changed any pay rates for their employees most in need of it.

They were laughing all the way to the ... err, well, you know the rest.

[Kepler]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Huh.


https://www.washingtonpost.com/busin...tions-purpose/

“Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity," reads the statement from the organization, which is chaired by JPMorgan Chase CEO Jamie Dimon.

So, somebody thinks Warren's gonna win.

[rufus]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

JPM started that process early this year or late last year when they were getting blasted for their employees not being able to pay for rent, food, daycare, daily commute, and work clothes. They tried to defend themselves, but it didn't go well for them. And I doubt they've actually changed any pay rates for their employees most in need of it.

Right. This is all just PR. wake me when they actually do something besides release press statements.

[Kepler]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

“Please don’t collect our heads during the revolution. Pretty please.

https://www.youtube.com/watch?v=s8JFVSNxkEI

[Kepler]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Some white collar crime should get the death penalty.

[mookie1995]

Some white collar crime should get the death penalty.

See what happens when one trusts a Mexican??

[Deutsche Gopher Fan]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Whistleblower says Disney inflates revenue

https://thehill.com/homenews/media/4...enue-for-years

[Rover]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

I would suggest everyone not take these allegations of fraud as gospel without a bit more evidence. Short selling is a game just as much as any other shenanigans we've all seen in the markets. I'm not aware of any penalties for going public with an alleged good faith accusation and then cleaning up on the downturn via a short position while the authorities and the markets digest the info and prove or disprove it. On the flip side, one of the few things you do actually go to jail for is cooking the books (along with insider trading) as the Enron/WorldCom/etc people can tell you.

[Kepler]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

This is a good start and I hope every Democrat signs on to it. That means you too, Joe.

Sen. Bernie Sanders has released his “workplace democracy plan,” a sweeping set of proposals for strengthening and modernizing U.S. labor laws that would, if enacted, create a major shift in the power balance in American workplaces. Sanders debuted the plan Wednesday as he and other candidates appeared at the Iowa Federation of Labor's convention.

The reasons for the plan are at the core of Sanders’ candidacy. As its introduction notes, “Declining unionization has fueled rising inequality. Today, corporate profits are at an all-time high, while wages as a percentage of the economy are near an all-time low. The middle class is disappearing, and the gap between the very rich and everyone else is growing wider and wider”—and some key reasons for this aren’t a mystery. “There are many reasons for the growing inequality in our economy, but one of the most significant reasons for the disappearing middle class is that the rights of workers to join together and bargain for better wages, benefits, and working conditions have been severely undermined.”

Sanders’ plan takes off from that point and has a lot of ways to fix it. Among them:

Allow workers to organize unions through a majority sign-up process.

Guarantee all workers, including domestic and farm workers, the right to unionize.

Prevent companies with new unions from exploiting loopholes to delay a first contract—currently “more than half of workers who vote to form a union don’t have a union contract a year later and 37 percent still do not have a first contract two years after the election” because of employer foot-dragging and weak labor laws.

Repeal Section 14(b) of the Taft Hartley Act, which allows states to pass so-called “right to work” laws, which allow workers to get out of paying union dues while getting the benefits of union representation.

Crack down on misclassification of workers as independent contractors, denying them minimum wage and overtime protections, workers comp and unemployment benefits, and more; or as supervisors, exempting them from overtime.

Keep companies from using franchises or contractors to evade responsibility for their workers. “If a company can decide who to hire and who to fire and how much to pay an employee at a franchise, that company will be considered a joint employer along with the owner of a particular franchise — and both employers must engage in collective bargaining over the terms and conditions of employment.”

Give federal workers the right to strike and all public sector unions the right to negotiate.

”Issue an executive order to prevent companies from receiving federal contracts that outsource jobs overseas, pay workers less than $15 an hour without benefits, refuse to remain neutral in union organizing efforts, pay executives over 150 times more than average workers, hire workers to replace striking workers, or close businesses after workers vote to unionize.”

I expect the co-opted Democrats to squeal like scalded babies that people might be put before top executives' compensation and owners' profits. To the cocktail party friends of people like David Brooks, Maggie Haberman, Tom Friedman, and the entire editorial board of the New York Times, this simply isn't done.

[ScoobyDoo]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Nice job, Bernie. I like it.

[Jimjamesak]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

That is dang good proposal.

I’m willing to bet Biden and Tech Bro Yang will be against it though.

[Kepler]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Biden will waffle, Hillary-style.

I don't think Yang will go near it.

I hope to hell Warren gets out in front and hollers all for it. Even if she has some nits she knows that will come out in the legislative wash. The important thing here is to have a strong, clear message that there's a new sheriff in town who will back the worker at least as strongly as capital. We haven't had that in this country since Eisenhower, and it sure shows.

[aparch]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

Wow! I'm on board with that.

[Rover]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

I like it. He should add the proposal I saw by Sherrod Brown maybe that share buybucks should also trigger a bonus payout to workers.

[dxmnkd316]

Re: Business, Economics, and Tax Policy 8: Bezos Takes Over the World

This is a good start and I hope every Democrat signs on to it. That means you too, Joe.



I expect the co-opted Democrats to squeal like scalded babies that people might be put before top executives' compensation and owners' profits. To the cocktail party friends of people like David Brooks, Maggie Haberman, Tom Friedman, and the entire editorial board of the New York Times, this simply isn't done.

I think it looks good.

I like the Sherrod Brown addition as well. Time to turn around the shareholder economy and make it an economy that works for the people.