AMZN

dealmaker said:
More Sanders v. Amazon

Sen. Bernie Sanders has unveiled a bill called the "Stop Bad Employers by Zeroing Out Subsidies Act," and in case you might be wondering who the primary target is there, the snappier version is the "Stop Bezos Act." Sanders says he's also gunning for McDonalds, Walmart and American Airlines, though. Here's the upshot: "The Stop Bezos Act gives large employers a choice: pay workers a living wage or pay for the public assistance programs low wage workers are forced to rely upon." Fox Business
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https://www.congress.gov/bill/115th-congress/senate-bill/3410/text

This is win-win-win legislation that will benefit employers, employees and the public. It is an indirect way of legislating a minimum wage and virtually eliminating, for large employers, inefficient cost shifting from the private to the public sector. It would create both a more robust and a more honest economy. In the long run it is far more efficient to pay people directly the full cost of employing them rather than shifting part of the cost to government which then has to bear the cost administering the shifted cost. On net, this would save money and improve the lives of low wage workers by eliminating their need to interface with government social welfare with its attendant aggravation, costs and inefficiencies. It could also favorably impact medicaid costs as employees who currently make too little to qualify for medical insurance subsidies would qualify under the bill's provisions.

The greatest gain could be be achieved by limiting the opportunities for employers to game the system. For example, by requiring a living wage be paid hourly, regardless of the hours worked. There of course would always remain a need for a social welfare safety net, but if cost shifting were eliminated , the systems focus could then be where it ought to be.

This Bill makes good sense.

Interestingly, Jeff Bezos, who seems to always be in the forefront of progressive thinking has acted preemptively and announced an across the board increase in Amazon's minimum wage. Good for Bezos, the future of Amazon is bright indeed!
 
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Price is finding the weekly EMA (50) resistance here which is overlaid on the daily candle chart here (dotted line).
Screen Shot 2018-10-31 at 11.12.23 AM.png
 
https://www.cnbc.com/2018/11/05/tru...lations-against-amazon-other-tech-giants.html

More market manipulation

Trump says administration is looking into antitrust violations by Amazon, other tech giants
Berkeley Lovelace Jr. | @BerkeleyJr
Published 3 Hours AgoUpdated 2 Hours AgoCNBC.com
  • President Donald Trump says his administration is looking into antitrust violations by Amazon, Facebook and Google parent Alphabet.
  • In an interview with Axios, Trump says he's "not looking to hurt" the U.S. tech giants but is considering action.
 
Here4money said:
https://www.cnbc.com/2018/11/05/tru...lations-against-amazon-other-tech-giants.html

More market manipulation

Trump says administration is looking into antitrust violations by Amazon, other tech giants
Berkeley Lovelace Jr. | @BerkeleyJr
Published 3 Hours AgoUpdated 2 Hours AgoCNBC.com
  • President Donald Trump says his administration is looking into antitrust violations by Amazon, Facebook and Google parent Alphabet.
  • In an interview with Axios, Trump says he's "not looking to hurt" the U.S. tech giants but is considering action.
More...
His buddies just want to get in cheaper.
 
Updated chart from last week: The weekly EMA (50) held as perfect support and is now bouncing higher to try and test the daily SMA (20) above.
Screen Shot 2018-11-07 at 7.13.19 AM.png
 
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