Re:Schumer and Sanders: Limit Corporate Stock Buybacks
by dfxm12 on Tuesday February 05, 2019 @10:45AM
(#19086306)
Why not just pass a $15 minimum wage if that's the policy goal? Asking this question as a Democrat.
US Senate Democrats don't have the power to do this. You do see this in local governments where they do (like NY).
I might also wonder if this is the true policy goal nationally, or if they are just floating ideas out there to see the public opinion on them. e.g., If a $15/hr minimum wage isn't passable in their careers, maybe this would be and is a step in that direction.
Additionally, saying something new like this gets their name in headlines, which tends to be a goal for national politicians (especially when not attached to a scandal).
Re:Schumer and Sanders: Limit Corporate Stock Buybacks
by ijpoijpoihpiuoh on Tuesday February 05, 2019 @10:54AM
(#19086425)
US Senate Democrats don't have the power to do this.
They don't have the power to limit buybacks preconditioned on $15/hr wages either. Their lack of power to effectuate a national minimum wage doesn't seem to explain the choice to float this policy.
Why not just pass a $15 minimum wage if that's the policy goal? Asking this question as a Democrat. This seems like an unnecessarily complicated way to achieve the outcome.