Home Depot co-founder Ken Langone fired back at Sen. Bernie Sanders after he proposed it. 32 hour work week And in recent days, he has revisited his belief in taxing the wealthy.
Langone, who co-founded the home improvement store chain with Atlanta Falcons owner Arthur Blank and right-wing investor Bernie Marcus, said Sanders is simply going after people who have more money than others. He suggested that only.
“We’re constantly being targeted,” Langone said.your world“Willie Sutton said, “Why rob banks?” That’s where the money is.” You don’t get money from people who are suffering.”
Sutton, who died in 1980, robbed millions of dollars from banks and escaped from prison numerous times throughout the early 20th century.
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Langone countered that while there is nothing wrong with raising taxes, that money should be spent responsibly. Politicians like Mr. Sanders are simultaneously calling for wealthy people to “pay their fair share,” while asking billionaires like him and his wife to provide social security benefits to those who are otherwise poorer. He mocked the U.S. Treasury Department for sending the checks.
“I read something the other day that said $15 million. [appropriated to the study of] Is it a bee or a bug? This is strange…” Langone said. “My problem is what to do with the tax money they get. Sorry, they piss it off.”
“If you say you’re going to raise taxes, and you’re going to use the revenue from those increases to pay off the national debt, give it to me, baby. I’ll take it any day.”
Rangone said Sanders’ 32-hour work week plan is just the latest proposal, and he believes Home Depot might not have been successful if it were founded today, given the regulatory environment.
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“We have 3,000 kids who started out pushing carts around the lot, and now they’re multi-millionaires. Those are the people Bernie Sanders wants to go after.” he added.
“A 32-hour work week directly increases labor costs by 20%. Why? For the eight hours a worker doesn’t work, you have to hire someone else… We’re not going to push 40 hours into 32 hours. This is slave labor.’ You do it,” Langone argued, adding that the only way to replace lost labor is through price increases and other inflationary factors.
“Who always pays in the end? It’s the consumer,” he said.
Langone argued that Sanders is often hypocritical in his comments about taxing the wealthy, noting that the Vermont senator is himself a millionaire.
“His wife destroyed the university. I mean, this is hypocrisy,” Langone added, noting that Jane O’Meara Sanders’ land deals, which were the subject of a federal investigation while she was president, are now defunct. He also mentioned the response to Burlington University. .
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Langone said left-wing policies like those proposed by Sanders are destroying the ability of the working class to rise up and entrepreneurs to build the commercial giants of the future like Home Depot. .
“The cost of food has increased 15% over the past two years. Who is going to be hurt? People who make less than $75,000 a year,” he said. “These people are being punished. Inflation is the most regressive tax of all, and people don’t seem to understand this 32-hour work week. The costs have to be passed on, or If not, the companies that absorb those costs will not be able to survive.” That’s why it’s an attractive investment. ”
Langone quipped that there is no “magic machine” that can compress eight hours of work into 40 full hours worth of profit.
According to Reuters, Marcus, a fellow Republican donor and co-founder of Home Depot, has vowed to support Trump even if he is found guilty in numerous trials, but the tycoon has not responded to the charges. Langone remains cautious as many claim it’s “all a hoax.”
He said he was encouraged by President Trump’s clarification that his “revenge” pledge was not a personal vendetta, but an expression of “revenge” sought through public policies that help Americans. He said he remained critical of the actions of the presumptive Republican nominee.
“I can only use words that are derogatory, and I don’t intend to do that,” he said. “There are 340 million people in this great country, but these are the two best of them.” [nominees] Can you think of anything? he asked.
“Those who control the Republican Party must ask themselves the question: How could Trump take over the Republican Party?”
Langone stressed that he is not yet ready to pledge his support to Trump.
“At this time, my vote remains for my beloved wife, Elaine.”
