Even though Wal-Mart is a colossal money maker, it barely pays it’s workers enough to live comforably, forcing employees to go on food stamps, Medicaid and other social welfare programs.
Wal-Mart pulls in $36 million dollars per hour – being the largest seller of food in the world. Yet, they don’t take care of their employees.
Through your tax dollars you are, in essence, handing a Wal-Mart cashier your money but not even getting so much as an empty bag in return.
GO TO PAGE 2 TO READ MORE:
I don’t go into that freak show. EVER.
Reimbursement for Food Stamps
As to the first claim, about that $6.2 billion. Here’s the detail:
This $6.2 billion estimate is based on a study prepared by the Democratic Staff of
the U.S. House Committee on Education and the Workforce in May 2013.9 The study
estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which
often force workers to rely on various public assistanceprograms. It found that a single
Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or
between $3,015 and $5,815 on average for each of 300 workers.10
This report takes the mid-point of that range ($4,415) and multiplies it by Walmart’s
approximately 1.4 million employees11 in order to estimate the nationwide cost to
taxpayers of Walmart employees’ use of public assistance programs. Programs that are
included in this estimate include the National School Lunch Program, School Breakfast
Program, Section 8 Housing Program, Earned Income Tax Credit, Medicaid, Low Income
Home Energy Assistance Program, and the Supplemental Nutrition Assistance Program
(SNAP, commonly known as food stamps).
The problem with this is that only one of those programs is a subsidy to WalMart: all of the others are subsidies to the workers and thus are, in fact, costs to WalMart. For, as Bryan Caplan has pointed out, it matters whether you get the benefit of the welfare payment or service whether you are in work or out of it. Benefits that you get out of work are not benefits to potential employers. They are costs to them, for they raise your reservation wage.http://www.forbes.com/sites/timworstall/2014/04/14/phantastical-nonsense-about-walmart-the-waltons-and-7-8-billion-in-tax-breaks/
The federal government doesn’t pay Wal Mart a welfare payment.
This is a weird statement I know workers and they are happy to have a job there
17 billion (annual profit) divided evenly by the 1.2 million employees is a WHOPPING $141.67 per employee…hahaha…
in other words, an extra $35/week… the ‘evil corporate’ mantra is BS
taking the money from ssi
they pay min,wage also ,wake the hell up; fools
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