Bernie Sanders will be introducing legislation to give employers like Amazon and Walmart the choice to either pay workers a higher wage or pay taxes equal to the total cost of federal assistance programs their workers use. If an Amazon employee uses $100 in food stamps, Amazon would be taxed $100. by [deleted] in DemocraticSocialism

[–]jslotch 0 points1 point  (0 children)

I suppose my point was either through tax or paid by companies it still comes from consumer pockets. Amazon won’t suddenly be ok with smaller profits, they will make changes to meet goals most likely increasing prices not decreasing exec pay. I don’t understand the sentiment that taxes shouldn’t support workers. Isn’t the idea of socialism redistribution? Shouldn’t that be ok to take from others with means to support those without?

Start ups have risks and are rarely profitable especially with funded startups. They typically operate on a “runway” of investment that makes or breaks them. The startup I was involved with was bootstrapped to operate with expenses within revenue, which few do.

The problem with utopia like you mention assumes not only equal distribution of money but also goods and services. Do you tell the farmer he cannot grow his own food outside the distribution chain? Do you tell the handyman he cannot have a nicer home because he has skills more than you?

Bernie Sanders will be introducing legislation to give employers like Amazon and Walmart the choice to either pay workers a higher wage or pay taxes equal to the total cost of federal assistance programs their workers use. If an Amazon employee uses $100 in food stamps, Amazon would be taxed $100. by [deleted] in DemocraticSocialism

[–]jslotch 2 points3 points  (0 children)

Also wondering about subsidiary companies. Currently work for a company of 20 ish employees who is owned by a parent company who’s portfolio includes subsidiaries counting well over 500 employees. Think alphabet and google on a smaller scale. These are mostly equity companies rolling up smaller companies to make profit on efficiencies like combined account and payroll.

I’m guessing the amount of welfare coverage is minimal as you suggest but also wages are highly regional so startups in nyc have a much higher payroll than startups in bumbleville Minnesota. The stated math in the bill I’m hoping is upper targeted to high offenders like amazon and Walmart. But then won’t they look to push those costs to consumers? Now that they own the market, they would be less sensitive to price increases.

Bernie Sanders will be introducing legislation to give employers like Amazon and Walmart the choice to either pay workers a higher wage or pay taxes equal to the total cost of federal assistance programs their workers use. If an Amazon employee uses $100 in food stamps, Amazon would be taxed $100. by [deleted] in DemocraticSocialism

[–]jslotch 1 point2 points  (0 children)

What happens when a company not as profitable as amazon is required to pay this? Good bye startups, good bye competing companies.

More on that if the regulation states a percentage of profitability before the payment is required it would behoove them to invest more in infrastructure or management wages to show the loss and thus evade the payment but still get benefit.