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Wow a $6.2 billion wealth transfer from low and medium income taxpayers to billionaires. Corporate welfare at its finest.
Walmart’s low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to a report published to coincide with Tax Day, April 15.Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce.
Source: Report: Walmart Workers Cost Taxpayers $6.2 Billion In Public Assistance – Forbes
Shouldn’t this headline read,
Report: Walmart Costs Taxpayers $6.2 Billion In Public Assistance – Since it Won’t Pay its Employees a Decent Wage with Benefits
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Good suggestion. However I suspect Forbes magazine isn’t terribly concerned about decent wages and benefits. They’re all about protecting the wealth of their subscribers. Thus the article is aimed towards their interests.
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