In the USA currently, political parties and some leaders have started a war against all those big corporations which does nothing good for its employees and other stakeholders. It seems like tax the rich movement is getting a severe turn in the country because recently Senate Majority Leader Chuck Schumer and Bernie Sanders have said that they will bring necessary legislation which will restrict companies to buy back their own shares. From last few months, many big companies have taken some bold decisions which so far has affected thousands of ordinary citizens who work for them. To protect the rights of employees Bernie and Sanders are thinking of bringing new regulations which will force companies to invest more in its employees before they buy back shares. These leaders believe many big corporations use their power to control management and if the government doesn’t regulate such type of companies, then the future of low salaried workers will become more laborious.
Social leaders are arguing that most of the times companies pour billions of dollars into their business, but they hardly give any type of proper incentives for their workers. Many prominent executives who are holding a strong position in companies earn millions of dollars each year also if the situation goes like this, then it will increase the income gap between those rich people and low salaried employees. Bernie Sanders and other political leaders are trying not to let such type of situation by taxing a tremendous amount of money on rich people. A few days ago Rep. Alexandria Ocasio-Cortez said that country should need to put a wealth tax of 70% on all rich people and since that statement, many political leaders now are gathering together to start this movement.