Tulsi Gabbard: Redirect Profits from Corporations Allowed to Remain Open to Small Businesses Forced to Close

Breitbart ^ | 18 Dec 2020 | JOHN BINDER

[E. Pluribus Unum]

A plan by Tulsi Gabbard (D-HI) would redirect excess profits from multinational corporations allowed to remain open during the Chinese coronavirus crisis to small businesses that have been forced to close due to economic shutdowns.

Gabbard released legislation on Friday, known as the Pandemic Crisis Excess Profits Tax, to ensure that corporations such as Amazon, Facebook, Walmart, and Google are not profiting off economic shutdowns that have helped clear the market of their competition.

“Big tech corporations and big-box retailers are among those who have made excessive profits during the COVID-19 pandemic, while mom and pop shops are being forced to close their doors due to government-mandated restrictions,” Gabbard said in a statement.

The legislation — first adopted during World War I and World War II to prevent corporations from profiting off the wars — would add a 95 percent tax on corporations’ excess profits calculated by subtracting their 2020 gross earnings from their average gross earnings from 2016 to 2019, before the coronavirus.

Big tech & big box retailers are seeing windfall profits & will emerge from this crisis stronger than ever at the expense of small businesses who are bearing the brunt of gov restrictions. I introduced HRes 1267 that will tax 95% of excess profits to support small businesses… pic.twitter.com/XjCKazW30d

— Tulsi Gabbard 🌺 (@TulsiGabbard) December 18, 2020

The corporations’ excess profits would then be directed to aid struggling small businesses that have been forced to close their doors due to economic shutdowns while giant conglomerates have been allowed to conduct business as usual. Gabbard said:

Because of this, these large corporations will be better positioned with a competitive advantage over small businesses in a post-pandemic economy. Congress must reinstate the WWII-era excess profit tax used at that time to prevent war-time profiteering, and dedicate the funds...

[stars & stripes forever]

CORRECTION…
TULSI GABBARD believes it is moral to murder 99.9% of the 1.6 million babies aborted in America each year.

[Arcadian Empire]

Price gouging is robbery.

[stars & stripes forever]

[Paladin2]

"Price gouging is the free market at work."

It just encourages The [deplorable] Preppers....

[stars & stripes forever]

[mouse1]

Isn’t Tulsi great? Redistributing the wealth - what a excellent idea!!

[bigbob]

Well that’s textbook socialism right there, but I have to admit I kinda like it ;-) Just a one-time thing, right Tulsi? Like the check’s in the mail and I won’t...

[Bubba_Leroy]

“From each according to his ability, to each according to his needs.”

[bagster]

Another Tulsi puff piece.

See, she's a 'SAFE' democrat.

Did you guys know that before she entered politics, she used to rent her face out as a dartboard?

[MIA_eccl1212]

Tulsi is right.
Big multi national corporations get bailed out. for the good of themselves. and they never pay back what they were provided.
small businesses get denied even the leftovers, and are then pushed into being bankrupted.

pay it back.

[BiteYourSelf]

This.👍

[numberonepal]

But she’s a cool surfer chick and stuff. You can still be cool and surf and be a communist.

[dfwgator]

If only these corporations were broken up, or not allowed to merge in the first place, you know, actually enforce Anti-Trust Laws.

[Wuli]

If the giant corporations and their Wall Street banksters were not so much in the tank for Biden (as they are ) I’d say no to Ms Gabbard.

But seeing how the biggest corporations are nearly all joining the Left in its cultural agendas, I say screw them and yes to Ms Gabbard’s tax.

[bagster]

But she’s a cool surfer chick and stuff. You can still be cool and surf and be a communist.

Yea, look how Jeff Spicoli turned out.

[Nifster]

No it doesn’t. It’s as communist as you can get

What are you thinking

The way to help small businesses is to let them open up

[LeoTDB69]

The stupid mayor already said he’s all about wealth redistribution, so yeh let the open businesses pay the closed businesses rents and salaries.

[E. Pluribus Unum]

I said all that in later posts. I am just fed up with the box stores being open and the small businesses being locked down.

[little jeremiah]

How is this legal?
The whole lock down is illegal.

So, are we to solve a problem caused by illegal government actions by another illegal government action?

This whole COVID mess wreaks of being Socialist power grab strategy.

The COVID lockdowns gave the Democrats the excuse to push through Vote By Mail which gave Biden the election. Now they want to use damage done by the COVID lock down to take the power to redistribute profits at will.

The Democrats have created the crisis they have always wanted to take over the government completely.

I usually don’t buy in to conspiracy theories but it is hard to see this COVID non-pandemic any other way.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

EXACTLY:
So, are we to solve a problem caused by illegal government actions by another illegal government action?

This whole COVID mess wreaks of being Socialist power grab strategy.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

The CIA invented the phrase “conspiracy theory” so people would be afraid to look behind the curtain and see the actual criminal conspiracies turning the US into a prison. The CCP virus was lab created, the demsheviks knew about it and likely worked with the CCP in some way since most of them already do anyway. Why else would Nazi Pelousi and DeBlasio and other NYC effers tell people in February to go to Chinatown? They wanted people to catch covid. A conspiracy, yes, but not a theory, a fact.

[Svartalfiar]

This actually makes sense.

Somewhat. Though it's no the big online retailers' fault that all the cities and States are crushing their competition for them.

What we should do is pass a law stating that every Gov't entity forcing any kind of lockdown or restriction, is responsible for paying out reasonable rates to any businesses shut down. Pretty plain reading of eminent domain law, no? Let them pay the full operating expenses for each business, based on previous years'/quarters' tax forms. I guarantee you'd see almost every single lockdown be turned into "suggested" measures. Not just overnight, but faster: the second each body can get their members into a quorum.