Disney FINALLY Agrees To Pay Workers Five Years Later

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Link - https://www.latimes.com/california/newsletter/2024-12-15/disneyland-agrees-to-states-largest-wage-theft-settlement-with-workers-for-233-million-essential-california

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*This transcript was generated by a third-party transcription software company, so please excuse any typos.

Disneyland, they agreed to pay $233 million after lying to all of their employees. This is the most heavy handed company. They just, they ignore the law. I mean, they're almost like the Mormons, they just ignore the law. We're gonna do whatever the hell we wanna do. They came to Florida, they did that. They raised tax bases. We gave them subsidies. We gave them all of these things. And really when we look at it and balance it all out, they were not beneficial, economically beneficial, when you really start weighing what we gave them. When you weigh the impact that they tried to have on politics, on wages, on taxes, it was almost like inviting somebody into your home and they start moving around all the furniture in your living room. That's what this feels like to me. Go ahead.
Yeah. What happened with Disneyland out in California is back in 2019, the state raised wages for companies that fell within a certain category, and its very technical, but anyway, Disneyland fell into that category. State says you have to raise your wages. And instead, Disneyland said, no, no, we're not.
Literally defied the law.
Yeah. And so then all the workers said, okay, as they continue working, because they have to have jobs, they're not getting the raises. So they file a lawsuit and say, okay, Disneyland, you're literally ordered by the state to do this. We have to sue you. Five years later, we finally get this settlement where Disney says, okay, fine. We'll give you your $233 million split among thousands and thousands of employees that we screwed for five years. So now we're all caught up and good. But here's the thing. By not paying those wages to these people over those years, what does Disney do with that money? Well, they get to invest it. So what is that money that they didn't pay their employees do?
Oh, it makes interest.
it makes money and makes money. So this $233 million.
They've already made a billion dollars.
Exactly.
They've made a billion dollars. And when they pay it, you know what, they'll take a tax write off. Did you know that?
Yep.
They're gonna pay the money, and then they're gonna take a tax write off. That's after they put it as a reserve. Okay. This is money that we're holding as a reserve and as a reserve, we're able to collect interest on it. We don't pay any taxes on the interest. You know? They are a bully. This is a company that's a bully. They're a terrible corporate citizen, if you wanna know the truth. And we've experienced right down here in Florida, and you know, you can dress 'em up in Goofy and Mini Mouse and however you want to dress 'em up, they are bad corporate neighbors. And if they're coming to your state, don't buy all that BS. Well give us all of this land. Give us subsidies on all of this land on our taxes. Don't make us pay for anything and we're really gonna increase the wealth. You're gonna really increase your wealth. It's just nonsense. It's absolute utter nonsense.
And if you go to any of these parks, because it is a number one destination for families, the kids love it. But listen, you go to these parks, you see these workers there, treat them with extra kindness because it takes about four of 'em to afford an apartment.
Oh yeah.
They're all getting screwed on wages, basically.
Well, for example, Disney World, they have to drive hours just to have a place to live because there's no place to buy that they can even live around there.