Suppose you're an employer whopays your workers $13 an hour. Under the Stop BEZOS Act, you, theemployer, would be charged $5 an hour per employee in tax. Howwould you respond to this new tax? (Photo: Getty)
U.S. Senator Bernie Sanders, a leader of the democraticsocialist movement, is introducing a bill designed to forcecompanies to pay their workers higher wages. The bill is being touted as anattack on Amazon.com Inc. — its name is the Stop Bad Employers byZeroing Out Subsidies Act, which spells out “Stop BEZOS.” Thatwould be Amazon chief Jeff Bezos, the richest person in the world,whose company just passed $1 trillion in market capitalization.Sanders' bill, which would apply to companies with 500 or moreemployees, would levy a tax equal to 100 percent of certaingovernment benefits (food stamps, housingvouchers, school lunches and Medicaid) received by any workers whoearn less than $15 an hour.
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