Comments by "Zach B" (@zachb1706) on "Sen. Bernie Sanders calls for tax on billionaires' gains during the pandemic" video.

  1. Where?
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  2. It was full of deductions and loopholes, no one ever paid that top tax. The average tax for the top was 40%, pretty much identical to now.
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  3. 3) Amazon in paid zero tax because of carry over losses, and assets. However the profits are still subject to income and local taxes, when you hear 0% that’s only referring to corporate tax. And those tax cuts have allowed amazon to pay its workers a lot, the baseline pay for Amazon workers is $15/hr, which is amazing for a low skilled job.
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  4. Walmart pars it’s employee’s more than the minimum wage, for jobs like stacking shelves and being a cashier (not very skilled jobs). And out of it’s whopping 500 billion dollar revenue, it only profited around 10 billion last year. That means for every dollar they spend, 2 cents is profited - that’s extremely low.
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  5. Sharon Massey 10 billion is the profit, it is then divided between shareholders and taxed as income tax when it’s paid out. It employs over 2.2 million people, and to then pay every one of them over the minimum wage - it really adds up. If you can’t live on it (it’s around $25k a year, definitely livable) then leave. It’s a low skill entry level job not meant to feed a family.
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  6. Sharon Massey $12/hr can easily be lived on. Especially if you work extra hours. Again, if you don’t like the pay look elsewhere for employment - you cannot expect that a job stacking supermarket shelves is going to allow you to feed you and a family. When I said leave, I meant leave your job. Look somewhere else. Amazon pays its lowest workers $15/hr. You cannot sit here and complain about pay if your working an entry level, low skill and low effort job.
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  7. Sharon Massey then become a doctor, something that takes skill and is in high demand. Or start your own business. Or take on a trade. Or look for employment in any number of places. It’s not mine, the governments or those very successful businessmen’s fault that you continue to work a easy worthless job. I’m not referencing YOU in particular, just on general. You work what you are worth.
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  8. Sharon Massey let’s look at it this way: supply and demand. It’s a simple concept that’s the basis for capitalism, it regulates everything. The prices of goods, and especially how much a worker is paid. If there are a lot of positions but a low amount of eligible persons, then the job pays more and vice versa. Places like Walmart have much more available workers than they do job openers - and that’s why you get paid low.
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  9. Sharon Massey if you look at the economy over time, when slave labour ended the economy started to grow extremely quickly. This can be attributed to released slaves working, making an income which increases not only demand - but they could start their own business as well. Slave labour didn’t lead to innovation, it just let people get free workers. But when people had to compete, that’s when the us innovated. Just look at the US GDP over time.
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  10. Yes, tax those who didn’t get destroyed by the pandemic. How dear someone profit during a recession? It’s almost as if these risky investments helped businesses... no, investment is bad. Communism is good.
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