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 Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.
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