Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits?
Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits? I know that question sounds really bizarre, but unfortunately this is essentially what is happening. Because Wal-Mart does not pay them enough money, hundreds of thousands of Wal-Mart employees enroll in Medicaid, food stamps and other social welfare programs. Even though Wal-Mart makes enormous profits, they refuse to properly take care of their employees so the federal government has to do it. And of course this is not just a Wal-Mart problem. There are hundreds of other major corporations doing exactly the same thing. And they will keep on doing it as long as they can because relying on the federal government to take care of their employees allows them to make much larger profits. This gives these companies an enormous competitive advantage and it distorts the marketplace. If you love the free enterprise system, you should be aghast at this. Our big corporations have become the biggest “welfare queens” of all, and Wal-Mart is near the top of that list.
Does your local Wal-Mart store seem like it needs help from the federal government?
Of course not.
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4 comments:
Yet alone Walmart donates to sharptons radical behavior. So does Sam's club!
Go to foodlion.
The whole concept of this being corporate welfare is BS. If the government would stop paying the welfare then a number of things would happen. Either more people would die of starvation leaving fewer workers and customers for Wmart or the workers would demand more money which would raise the prices at Wmart leaving the workers with the same buying power but costing the government more money.
The same can be said of any number of corporations in this country. Perdue, Tysons, Wawa, Shore Stop, etc. While your at it, you can attach the same to most small businesses that employ a few folks at a rate that hovers near the minimum wage. Why the focus on Walmart? If you are going to apply this standard, then you need to count every worker in the US that is on assistance.
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