As we do all these things, we can use the reconciliation process to substantially lower the outrageous cost of prescription drugs and raise the minim… - Bernie Sanders

Research by the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University has found that employee ownership boosts company productivity by 4 percent, shareholder returns by 2 percent, and profits by 14 percent. This is a case where discarding the old uber-capitalist models and trying something new is good for workers and good for business. That's one of the reasons why I made employee ownership a big issue in my second presidential campaign. Under the plan that we developed during the campaign—and which I have since used as a basis for legislative proposals—corporations with at least $100 million in annual revenue, as well as all publicly traded companies, would be required to provide at least 2 percent of stock to their workers every year until the company is at least 20 percent owned by employees. This would be done through the issuing of new shares and the establishment of Democratic Employee Ownership Funds. These funds would be controlled by a board of trustees directly elected by the workers, and that board would have the right to vote the shares in the best interest of company employees—in the same way that other institutional shareholders vote their shares. The shares would be held in permanent trust for the workers, and so, while they have increase in value, they wouldn't be sold to speculators. But employees would benefit from the increased value through dividends paid directly to them.

I think in this particular time, this particular moment in American history, when we're taking on somebody — the former President, who in fact does not believe in democracy — he is an authoritarian, and a very, very dangerous person — I think at this moment there has to be a unification of progressive people in general all over this country — people who are prepared to make sure that women control their own body, that we deal with climate change, that we represent the needs of the working class of this country, and take on the billionaire classes.

The Paradise Papers make it clearer than ever that we need, in the United States and throughout the world, a tax system which is fair, progressive and transparent. Now is the time, in the United States and internationally, for people to come together to take on the greed of the oligarchs. We can and must create a global economy that works for all, not just a handful of billionaires.