Bernie Sanders Takes A Swipe At Nike And Phil Knight

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Bernie Sanders
Bernie wants Nike to pay more taxes.

Nike is one of the biggest companies in the entire world and every single year, they bring in billions of dollars worth of profit. Like most big companies in the United States, they always avoid paying high tax rates, which has been a point of contention for many Democratic politicians, especially Bernie Sanders, who has always pushed Social Democracy, as we see in many Scandinavian countries.

Today, Bernie actually took a jab at Nike and its founder Phil Knight. As Sanders explains, the company continues to bring in billions of dollars and in the end, they pay less in tax than what it would cost for a pair of Air Force 1s. Needless to say, Sanders wants to see more accountability from Nike and brands like it.

"If you paid $120 for a pair of Nike Air Force 1 shoes, you paid more to Nike than it paid in federal income taxes over the past 3 years, while it made $4.1 billion in profits and Nike's founder, Phil Knight, became over $23 billion richer. Yes. We must #TaxTheRich," Bernie wrote.

Depending on which side of the political aisle you fall under, Sanders' opinion might be controversial. However, with many falling into poverty with the pandemic, it is important that the wealthiest people pay their fair share. Otherwise, things will remain desolate forever.

Bernie Sanders Takes A Swipe At Nike And Phil Knight
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About The Author
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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