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General News    H4'ed 3/18/20

Set Conditions on Companies that Want Government Bailouts

Sen. Elizabeth Warren wants companies hit hard by the Coronavirus pandemic to get government bailouts if the businesses accept eight conditions in order to secure taxpayer help.

The eight conditions are:

  • Companies must maintain payrolls.
  • Businesses must provide $15 an hour minimum wage quickly.
  • Companies would be permanently banned from engaging in stock buybacks.
  • Companies would be barred from paying out dividends or executive bonuses while they receive federal funds and the ban would be in place for three years.
  • Businesses would have to provide at least one seat to workers on their board of directors, though it could be more depending on size of the rescue package.
  • Collective bargaining agreements must remain in place.
  • Corporate boards must get shareholder approval for all political spending.
Read the rest of the story HERE:

At www.msn.com

 

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Steve Schneider lives in Hollywood, Fl. He is learning about issues involving election reform and voting rights. He registered to vote when an election official appeared at a high school class he took senior year. He thinks registering to (more...)
 

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Bill Willers

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If a company has been involved in stock buybacks and paying top executives bonuses while taking federal (i.e. taxpayer) money, and then comes looking for federal (again, TAXPAYER) bailout when in trouble, I say NATIONALIZE the company.


It's interesting that when capitalist purity fails, it runs to socialism for a cure.

Submitted on Wednesday, Mar 18, 2020 at 7:45:01 PM

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