Bernie Sanders proposed
a tax on businesses to cover
federal welfare payments any of their employees may receive. According to
Business Insider:
Senator Bernie Sanders intends to introduce legislation that would
require large companies like Amazon to pay a tax to cover the cost of federal
assistance for their employees, The Washington Post reports. The intention is to incentivize large corporations to pay a fair
living wage.
The bill would set a 100% tax on government assistance received by
workers at companies with 500 or more employees. For example, if an Amazon
worker were to get $300 in food stamps, Amazon would be taxed $300. Sanders
intends to introduce the bill in the Senate on September 5. [It was
introduced.]
So get this. Food Stamps and other welfare
payouts are forced by government on the taxpayers who fund it. Shareholders,
the owners of Amazon and other companies, already pay for these programs
through their taxes. In fact, they pay double--first on profits their company
earns via the corporate income tax, and again as individuals through personal
income taxes on dividends and taxes on capital gains on their stock. Owners of
Amazon already pay double tax, some of which goes to pay for these government
programs. Now, Sanders wants to tax them a third time for their company’s crime
of hiring people at a mutually agreed-upon compensation that happens to be at a
level politicians like Sanders believes entitles them to cash in on welfare
programs imposed on taxpayers by these very same politicians!
Sanders’s proposed welfare business tax is a
gross miscarriage of justice.
Furthermore, as noted by many economists, it is
a jobs tax. Sanders’s proposal would tax low-wage jobs, disincentivizing
companies from hiring low-wage workers. By killing low-wage jobs, this would
make it that much harder for inexperienced people to enter the workforce. Is
Sanders just ignorant on economics? Hardly. He is ready with his federal
jobs guarantee proposal, which proposes to
guarantee a high-paying job to anyone unable to find work in the private
sector. Sanders is disingenuous, having it both ways. Either companies pay
higher taxes, which he loves. Or they kill jobs, sending more people into
government dependency. Either way, Bernie Sanders the socialist wins. Either
way, productive taxpayers lose, along with another piece of our freedom as the
private economy is further
crippled.
Keep in mind that Bernie Sanders is an admitted
socialist. He is only interested in moving America step by step into
totalitarianism. It’s what socialists do, because that is
what socialism is. Sanders is a Democrat,
a political party increasingly open about its socialist designs on America. Keep this in
mind as you go to the polls.
Related Reading:
1 comment:
Socialist designs on America? Yes. But socialism is crime. These are criminal designs on America, by the most master, highest order criminal kingpins.
Post a Comment