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Undecided 44%
Elizabeth Warren20%
Joe Biden16%
Bernie Sanders10%
Pete Buttigieg5%

Mon Oct 14, 2019, 09:33 PM

 

How Bernie Sanders would give power to workers in their companies

(The article was written by this proud father, who just happens to be this long-time DU reader)

[link:https://www.politico.com/news/2019/10/14/bernie-sanders-2020-election-workers-046660|

By HOLLY OTTERBEIN 10/14/2019 11:57 AM EDT


Bernie Sanders unveiled a multi-pronged plan Monday aimed at giving more power to workers in their companies, ending corporate greed, breaking up monopolies and increasing taxes on big businesses.

“For more than 40 years, the largest and most profitable corporations in America have rigged the tax code and our economy to redistribute wealth and income to the richest and most powerful people in this country,” the Vermont senator said in a statement. “The American people are saying enough is enough.”

Sanders put out the proposal as he was off the campaign trail recovering from a heart attack. He participated in a union-sponsored candidate forum Sunday via video, and said he will attend Tuesday’s Democratic debate.

What would the plan do?
Sanders wants to provide workers with an ownership stake in their businesses: Under his proposal, employees at large companies would be given 20 percent of the shares. They would also have control of 45 percent of the seats on the board of directors at corporations.

snip

more at link...

If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

12 replies, 435 views

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Arrow 12 replies Author Time Post
Reply How Bernie Sanders would give power to workers in their companies (Original post)
JoeOtterbein Oct 2019 OP
no_hypocrisy Oct 2019 #1
George II Oct 2019 #9
wasupaloopa Oct 2019 #2
Me. Oct 2019 #3
InAbLuEsTaTe Oct 2019 #4
George II Oct 2019 #5
myohmy2 Oct 2019 #7
InAbLuEsTaTe Oct 2019 #10
George II Oct 2019 #6
betsuni Oct 2019 #8
Nanjeanne Oct 2019 #11
Joe941 Oct 2019 #12

Response to JoeOtterbein (Original post)

Mon Oct 14, 2019, 09:49 PM

1. Workers cooperatives

 

https://en.wikipedia.org/wiki/Worker_cooperative


When Workers Own Their Companies, Everyone Wins
https://www.huffpost.com/entry/when-workers-own-their-co_b_5682470
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Response to no_hypocrisy (Reply #1)

Mon Oct 14, 2019, 11:03 PM

9. ESOPs have been in existence since 1956.

 

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to JoeOtterbein (Original post)

Mon Oct 14, 2019, 09:49 PM

2. That is what not being s capitalist means. You think you can demand

 

that corporations give their stock away.

Everyone else owning stock holds it for investment.

You can demand that corporations give up seats in the board.

This will be hailed by the other non capitalists as only fair!

Henry Ford did that in order to keep people working on a miserable job. That and a $5 a day wage and an Eight hour work day.
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Response to wasupaloopa (Reply #2)

Mon Oct 14, 2019, 09:54 PM

3. Right

 

Just being bossy won't do it...
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Response to JoeOtterbein (Original post)

Mon Oct 14, 2019, 09:58 PM

4. Another reason to vote for Bernie... he's got this!!

 


Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to InAbLuEsTaTe (Reply #4)

Mon Oct 14, 2019, 10:12 PM

5. Not really.

 

If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to InAbLuEsTaTe (Reply #4)

Mon Oct 14, 2019, 10:16 PM

7. +1

 

"Under his proposal, employees at large companies would be given 20 percent of the shares. They would also have control of 45 percent of the seats on the board of directors at corporations."

...sounds got to me...
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to myohmy2 (Reply #7)

Mon Oct 14, 2019, 11:32 PM

10. Obviously politicians beholden to corporations won't like it... but then, We The People do!!

 

That's all that really matters!!


Bernie/Elizabeth or Elizabeth/Bernie 2020!!
Either way, they're stronger together!!
Welcome to the revolution!!!
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to JoeOtterbein (Original post)

Mon Oct 14, 2019, 10:16 PM

6. His "idea" isn't revolutionary. Workers have had an opportunity to have an ownership stake....

 

....in their businesses for more than sixty years, if not longer. Publicly traded companies enable anyone to have an ownership stake in ANY company.

I worked for an ESOP (look it up) for 16 years, it greatly benefited my retirement. I also worked for Honeywell for 10 years, I own quite a bit of shares in that company, too.

Again, a "new" idea that has been around for many decades.
If I were to vote in a presidential
primary today, I would vote for:
Joe Biden

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Response to George II (Reply #6)

Mon Oct 14, 2019, 10:58 PM

8. Wasn't it usual during the nineties dot.com bubble days for companies to

 

include stocks as part of employee's salaries? And Warren's plan from last year was that workers elect 40% of board seats, that 40% of the board would be workers.
If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Response to JoeOtterbein (Original post)

Tue Oct 15, 2019, 06:24 AM

11. Works really well in lots of other countries like a Germany, Austria, Denmark

 

Finland, France, Hungary, Luxembourg, the Netherlands, Norway, Poland, Slovakia, Slovenia, and Sweden in private companies and many additional countries in government companies where income inequality is much less than the US.
If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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Response to JoeOtterbein (Original post)

Tue Oct 15, 2019, 06:36 AM

12. A revolutionary idea. Bernie nailed it!

 

If I were to vote in a presidential
primary today, I would vote for:
Bernie Sanders

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