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Research by the Institute for the Study of Employee Ownership and Profit Sharing at Rutgers University has found that employee ownership boosts compa… - 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.
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About Bernie Sanders
Bernard Sanders (born September 8, 1941) is an American politician who has served as the junior from Vermont since 2007. The for the state's at-large congressional district from 1991 to 2007, he is the longest-serving independent in U.S. congressional history and a member of the Democratic caucus. Sanders ran unsuccessfully for the 2016 and 2020 Democratic nomination for president.
Also Known As
Birth Name:
Bernard Sanders
Alternative Names:
Sen. Bernie Sanders
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Bernie
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Bernard "Bernie" Sanders
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Senator Bernie Sanders
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Senator Sanders
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Additional quotes by Bernie Sanders
I have been criticized because the proposal for Medicare for All that I introduced includes making sure that undocumented people are also covered. And right now, we have the absurd situation where undocumented people who try to do the right thing -- they're sick; they want to go to the doctor; they don't want to spread this disease -- are now standing and thinking about when ICE is going to deport them. So one of the things that we have to do is to make sure that everybody feels comfortable getting the health care that they need. That should be a general principle, above and beyond the coronavirus. Second of all, we've got to end these terrible ICE raids, which are terrorizing communities all over this country. And thirdly, to answer your question, the time is long overdue for this country to move to comprehensive immigration reform and a path towards citizenship for those 11 million undocumented. And furthermore, on day one as president, I would restore the legal status of the 1.8 million young people of DACA.
We have more income and wealth inequality than at any time in the modern history of this country, with three people owning more wealth than the bottom half of our nation. Is there one Republican prepared to raise taxes on billionaires, or do they want to make a bad situation worse by extending Trump’s tax breaks for the rich and repealing the estate tax? Today, 60% of Americans are living paycheck to paycheck, and millions work for starvation wages. Is there one Republican in Congress who is prepared to raise the federal minimum wage to at least $15 an hour? The United States pays, by far, the highest prices in the world for prescription drugs. Is there one Republican prepared to allow Medicare to immediately begin negotiating prescription drug prices with the pharmaceutical industry and cut the cost of medicine by half? We have a dysfunctional healthcare system which, despite being the most expensive in the world, allows 85 million Americans to be uninsured or underinsured. Is there one Republican who believes that healthcare is a human right and supports universal coverage? We remain the only major country on earth not to guarantee time off for moms who have babies or need to take care of sick children. Is there one Republican who supports at least 12 weeks of paid family and medical leave? The list goes on: childcare, housing, home health care, college affordability. On every one of these enormously important issues the Republican party has virtually nothing to say to address the desperate needs of low and moderate income Americans. And what they do propose will most often make a bad situation worse.
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Our bill does what the American people want by substantially increasing the estate tax on the wealthiest families in this country and dramatically reducing wealth inequality. From a moral, economic, and political perspective our nation will not thrive when so few have so much and so many have so little.
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