2019: #BernieSanders wants to tax companies that pay their #CEOs way more than their #workers
Bernie Sanders has a new corporate tax plan.
By Tara Golshan Updated Oct 1, 2019
"There are striking pay disparities between those in the C-suites of the biggest companies in the United States and the average workers.
"An average American #CEO at a S&P 500 company earned $14.5 million in 2018, the same year an average worker made $39,888. Over the last decade, CEOsā average pay has increased by $5.2 million. In ten years, the average American workerās pay hasnāt even increased by $10,000, according to the AFL-CIO labor federationās analysis of the federal data.
"A new IPS study found only five S&P 500 firms had CEO-to-worker pay ratios of less than 25 to 1. More shockingly, 49 of the 500 largest publicly traded firms have a median worker pay below the U.S. poverty line for a family of four. The median 2018 CEO pay at these 49 firms is $12.3 million.
"Publicly held companies are required to file their CEO-to-worker pay ratios with the US Securities and Exchange Commission as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
"These filings showed #Walmart paid its CEO 1,076 times more than the median Walmart worker last year ā $23.6 million to $21,952. #JeffBezos gets paid 58 times the median #Amazon worker. The CEO of #TheGap makes a staggering 3,566 times what the clothing retailerās median worker makes. These are the companies that would get hit by Sandersās Income Inequality Tax. His plan would direct the Treasury to collect CEO-to-worker pay ratio data from privately held companies ā and make it public ā and also issue regulations around tax avoidance."
https://www.vox.com/2019/9/30/20890172/bernie-sanders-ceo-corporate-tax-plan-2020
#CorporateTaxDodgers #Oligarchy
#OilAndGasIndustry
#Oiligarchy
#Corporatocracy
#Corporatism #BerniesList