Saturday, November 12, 2011
From Robert Reich:
And if they don’t take the pledge, we should boycott them. (Occupiers — are you listening?)
Here’s what a Corporate Pledge of Allegiance might look like:The Corporate Pledge of Allegiance to the United StatesThe [fill in blank] company pledges allegiance to the United States of America. To that end:We pledge to create more jobs in the United States than we create outside the United States, either directly or in our foreign subsidiaries and subcontractors.If we have to lay off American workers, we will give them severance payments equal to their weekly wage times the number of months they’ve worked for us.We further pledge that no more than 20 percent of our total labor costs will be outsourced abroad.We pledge to keep a lid on executive pay so no executive is paid more than 50 times the median pay of American workers. We define “pay” to include salary, bonuses, health benefits, pension benefits, deferred salary, stock options, and every other form of compensation.We pledge to pay at least 30 percent of money earned in the United States in taxes to the United States. We won’t shift our money to offshore tax havens and won’t use accounting gimmicks to fake how much we earn.We pledge not to use our money to influence elections.Companies that make the pledge are free to use it in their ads over the Christmas shopping season.