Professional Documents
Culture Documents
Corporate Accountability and Democracy
Corporate Accountability and Democracy
Democracy
Key Points
Details
Give Workers an Ownership Stake in Corporate America
Shareholder Democracy
Break Up Monopolies and Make Markets Competitive
Review All Mergers that Have Taken Place During the Trump Administration
Reinvigorate the Federal Trade Commission
Institute New Merger Guidelines
Ensure Fair Contracts
Make Large Corporations Pay Their Fair Share of Taxes
End Corporate Tax Avoidance
The Plan
Key Points
Fundamentally shift the wealth of the economy back into the hands of the
workers who create it.
Give workers an ownership stake in the companies they work for.
Break up corrupt corporate mergers and monopolies, including reviewing all
mergers that have taken place during the Trump administration and institute
new merger guidelines
Finally make corporations pay their fair share of taxes by reversing Trump’s
corporate tax breaks and closing corporate tax loopholes to raise up to $3
trillion over 10-years.
Details
Corporate Accountability and Democracy 1
In America today, corporate greed and corruption is destroying the social and
economic fabric of our society, where a small group of ultra-wealthy CEOs are
making the decisions that increasingly determine our economic, environmental
and political future. For too long, these greedy corporate CEOs have rigged the
tax code, killed market competition, and crushed the lives and power of workers
and communities across America. Year after year we’ve seen wages slashed and
thousands of workers laid off, all while the richest corporate CEOs pay
themselves huge bonuses. They got away with it through a broken campaign
finance system, where a few large campaign donations can get you the ear of any
politician.
Now Donald Trump, the most corrupt president in history, has brought this
corporate corruption straight into the Oval Office.
Enough is enough. With Bernie’s Corporate Accountability and Democracy Plan,
we will give workers an ownership stake in the companies they work for, break up
corrupt corporate mergers and monopolies, and finally make corporations pay
their fair share. When Bernie is president, we’re going to put an end to the
corporate greed ruining our country once and for all.
Give Workers an Ownership Stake in Corporate America
In America today, corporate greed is destroying the social and economic fabric of
our society and rapidly moving our nation into an oligarchy, in which a small
handful of multi-billionaires increasingly determine our economic, environmental,
and political future.
Today, the richest 10 percent of Americans own an estimated 97 percent of all
capital income – including capital gains, corporate dividends, and interest
payments. Since the 2008 Wall Street crash, 49 percent of all new income
generated in America has gone to the top 1 percent. The three wealthiest people
in our country now own more wealth than the bottom 160 million Americans. And
the richest family in America – the Walton family, which inherited about half of
Walmart’s stock – is worth $200 billion and owns more wealth than the bottom
42 percent of the American people.
While the corporate profits that presently go to a small number of ultra-wealthy
families are at or near an all-time high, wages as a percentage of our economy
are near an all-time low.