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How McDonald's & Wal-Mart Became Welfare Queens (Original Post) geefloyd46 Nov 2013 OP
What's really weird is when there's a McDonalds inside a WalMart Blue Owl Nov 2013 #1
Socialism for the 1%. blkmusclmachine Nov 2013 #2
Here's a link to the original article they quote in the video.... TeamPooka Nov 2013 #3
K & R Quantess Dec 2013 #4

TeamPooka

(24,229 posts)
3. Here's a link to the original article they quote in the video....
Sat Nov 30, 2013, 01:41 AM
Nov 2013
http://www.bloomberg.com/news/2013-11-13/how-mcdonald-s-and-wal-mart-became-welfare-queens.html
....
Wal-Mart, the nation’s largest private sector employer, is also the biggest consumer of taxpayer supported aid. According to Florida Congressman Alan Grayson, in many states, Wal-Mart employees are the largest group of Medicaid recipients. They are also the single biggest group of food stamp recipients. Wal-mart’s "associates" are paid so little, according to Grayson, that they receive $1,000 on average in public assistance. These amount to massive taxpayer subsidies for private companies.

Why are profitable, dividend-paying firms receiving taxpayer subsidies? The short answer is, because they can. The longer answer is more complex and nuanced.
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The simplest solution is to raise the minimum wage. If full-time employees are living below the poverty level -- especially those with children -- its no surprise they are going to need public assistance. Raising the minimum wage over a period of time will eliminate much of this corporate welfare. The costs will be slightly higher prices at fast food restaurants and low end retailers.

The next proposal is more severe: Charge back the amount of public assistance any employee receives to the company he or she works for. It would be separate from tax filings, and simply be a direct penalty charged to the firm. I doubt there is much political will for this proposal, but I can see some people -- especially on the Left -- supporting it.
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