You may have heard that Verizon is going to charge customers a $2 “convenience fee” to pay their bills online. You may not have heard that Verizon is asking its workers to take cuts in their pensions, sick pay, health insurance, even disability for employees injured on the job. These examples of corporate greed are cut from the same cloth. This is about big corporations using their power to drain and ultimately destroy the middle class so the 1% can have even more.
NY Times, An Uproar on the Web Over $2 Fee by Verizon,
The $2 monthly fee, which takes effect Jan. 15, will apply to people who make one-time credit or debit card payments on the phone or online. …
The outsize reaction in many ways reflects the year that is now concluding. The economy has not improved much, consumers are fresh off their victory in getting Bank of America to rescind its own move to levy a small new monthly fee and airlines and other companies continue to ask customers to pay à la carte for goods and services that were once part of the standard price.
Then there was Verizon, making the announcement in the dead week between Christmas and New Year’s and calling its new charge a “convenience” fee.
Not Just Squeezing Customers — Squeezing Workers, Too!
In August I posted, Verizon’s Workers Strike Back At Corporate Greed — You Can Join Them!
The giant telecom company Verizon, currently raking in the billions ($6 billion in profits and a $10 billion dividend on $108 billion in revenue last year), while paying no taxes, is putting the squeeze on its workers, and they are fighting back. With all those profits, the company has been consumed by greed: Now Verizon is asking for $1 billion in concessions from its workers.
This giant company is extremely profitable, yet manages to pay not taxes: (click through for full story)
Paying No Taxes?
Verizon, with $108 billion in revenue and huge profits, is not paying taxes. Citizens for Tax Justice, in Verizon Pushes for $1 Billion in Concessions from Workers, While Receiving Nearly $1 Billion in Subsidies from Uncle Sam, explains, (emphasis added below because I got mad when I read it.)
When you hear about Verizon putting the squeeze on its customers, keep the company’s workers in mind.