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Let's Know Things

Government Subsidies

Let's Know Things

Colin Wright

News Commentary, News

4.8593 Ratings

🗓️ 20 November 2018

⏱️ 41 minutes

🧾️ Download transcript

Summary

This week we talk about corporate welfare, Amazon's HQ2, and cronyism.


We also discuss helipads, private space companies, and Wisconsin.



This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit letsknowthings.substack.com/subscribe

Transcript

Click on a timestamp to play from that location

0:00.0

In September of 2018, the remarkably popular, ideologically progressive United States Senator Bernie Sanders

0:23.2

partnered with a House representative from California named Roe Kana to introduce the

0:29.1

Stop Bad Employers by Zeroing Out Subsidies Act, which hilariously and very intentionally

0:37.0

acronyms down into the Stop Bezos Act.

0:42.0

And that bit of legal naming shade was thrown because this act is intended to target corporations

0:48.0

like Amazon, which is owned by Jeff Bezos, alongside others like Walmart and American Airlines, who are becoming notorious for paying their employees non-living wages.

0:59.6

In other words, these are companies that don't pay their employees enough for those workers to be able to afford food and shelter and health care and other necessities,

1:08.0

which then leaves them at least partially dependent on government welfare programs to survive.

1:13.9

And again, that's despite their being employed full-time by these massive and massively profitable corporations.

1:21.8

The Stop Bezos Act would enact a new tax on large corporations, which is defined as those which employ more than 500

1:31.0

people. And that includes part-time and freelance gig workers as well. So ride-sharing companies

1:36.6

and Airbnb and companies like that, which have massive workforces made up of people who are not

1:42.8

officially working for the company, according to

1:45.3

current legal definitions of employment. This act would make it so that every dollar, the government

1:50.8

pays out for those employees in welfare programs, and that includes programs like the Supplemental

1:56.6

Nutrition Assistance Program or SNAP, which is the modern version of food stamps,

2:02.0

school lunch programs, Medicaid, and Section 8 housing programs.

2:06.0

For each dollar, the government spends on these programs for the employees of these

2:10.7

companies.

2:11.5

Those corporations would be taxed for that exact same amount, dollar for dollar.

2:16.8

The ostensible goal here would be to stop, or at least limit, what some have called, corporate

2:23.0

welfare.

...

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