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Comment on New analysis exposes pandemic profiteers by Sharon Thomas
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Comments for NationofChange
As the COVID-19 pandemic leaves millions of people unemployed and the country faces a deep economic downturn, corporations are profiting at an exacerbating rate.
Corporations with already wealthy, white male shareholders are expected to bring in $85 billion more in 2020 than in previous years.
A new analysis conducted by Oxfam found that 17 of the top 25 most profitable U.S. corporations, including Microsoft, Johnson & Johnson, Facebook, Pfizer, and Visa are profiting extraordinarily during the pandemic further deepening existing inequalities.
Taxing these windfall profits is a fair, time-tested way to rebuild better.”Oxfam’s response to preventing continued corporate profiting is for Congress to institute a Pandemic Profits Tax on excess corporate profits during this crisis.
Provide extended paid and sick leave for essential workers and fund SNAP and WIC programs so no one goes hungry.
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'pandemic'
'oxfam'
'profiteers'
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'corporations'
'exposes'
'profits'
'inequalities'
'economic']