The economy is rigged, but not in the way Bernie Sanders thinks – capitalism is not the problem. Instead, an active, hands-on economic approach has allowed corporations and politicians to rig the tax code in their favor.
To find an example of what I am talking about, look no further than the recent announcement from the North Carolina Department of Commerce that Apple has selected North Carolina’s Research Triangle as the location for its newest research and development campus.
Apple, who became the first company to record a market value of $2 trillion in 2020, will receive up to $845.8 million in taxpayer incentives over the next 39 years. To put that in perspective, a child born this year could be elected as president of the United States before North Carolina has finished paying off this commitment to a multi-trillion dollar, internationally invested, Wall Street traded company.
Proving that CNN is all on board with the socialist agenda,
New Day co-hosts John Berman and Brianna Keilar on Tuesday morning brought on Nina Turner, 2020 Bernie Sanders campaign co-chair and now congressional candidate to replace Rep. Marcia Fudge. The CNN hosts offered no pushback as Turner claimed the minimum wage should be closer to $25 an hour and described the Green New Deal as a beautiful thing to do.
Berman began the segment by sympathizing with Turner that Democrats were unable to pass a $15 dollar an hour minimum wage because “the Senate Parliamentarian wouldn’t let it happen.” He then asked Turner “is it enough” that President Biden signed an executive order mandating that all federal contractors pay their employees at least $15 dollar an hour.
US PRESIDENT Joe Biden declared that “America is rising anew” as he pitched trillions in additional public spending to Congress in a nationally televised address on Wednesday night.
Trade unionists and US progressives welcomed the plans, which include a $1.8 trillion (£1.3tn) American Families Act including universal free pre-school attendance for all 3- and 4-year-olds and reform of child benefit to ensure that a minimum of $250 (£180) a month per child is paid to parents.
Some $225 billion of it is to fund a holiday pay scheme which would guarantee workers 12 weeks of paid leave, including time off sick and parental leave. The legislation would guarantee workers at least two-thirds of their wage during this period. Currently, US workers have no legal guarantee of paid parental or sick leave.