Ocasio-Cortez's comments about"company money" and questions around Amazon's use of gift cards to reward employees appeared to stem from a video by the, a left-wing podcast show about the town Whitesburg, Kentucky, which the Congresswoman shared in her tweet.
Company scrip is a substitute for government-issued legal tender, which companies use to pay their employees and which can typically only be exchanged in stores owned by the employer. The practice of using company scrip was common in lumber camps, as well as among coal companies. "A lot of companies are trying to do this," Sexton said."Amazon, you know, Amazon will offer their employees benefits in Amazon gift cards, for example."
"Amazon and all these companies now, they do the exact same thing for the exact same reason," Ray said."They want you to be alienated. The more they can make you dependent on the company itself, that serves that purpose." "They couldn't use that money to max out their retirement vehicles or their Roth IRAs or whatever the case may be to leave anything for the people after they died," he said."So, what happens is you get locked into this sort of vicious cycle of generational poverty, and yeah, we're still experiencing that here."
Pure evil. Every unit of company currency should immediately be legally pegged to the dollar and be exchangeable everywhere.