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How multi-billionaires Waltons, owners of Wal-Mart, are robbing us, the taxpayers, of billions of dollars

Posted on | December 29, 2014 | 10 Comments

Michael Snyder | Should the federal government be spending billions of dollars to pump up Wal-Mart’s profits?

Comments

10 Responses to “How multi-billionaires Waltons, owners of Wal-Mart, are robbing us, the taxpayers, of billions of dollars”

  1. RJ
    December 29th, 2014 @ 7:38 am

    DON’T BLAME WAL-MART!!

    THE BLAME LIES SOLELY WITH THE GOVERNMENT IN WASHINGTON AND PARTICULARLY WITH THE U.S. CONGRESS . . .

  2. dr_taitz@yahoo.com
    December 29th, 2014 @ 9:25 am

    but what do you do?
    If we have to supplement the salary paid in Walmart, maybe Congress should pass a bill, where corporations will have to reimburse us, the taxpayers for what we have to pay in food stamps and health care for their underpaid employees?

  3. e. scott
    December 29th, 2014 @ 12:03 pm

    Walmart is also financing Al Sharpton’s “war on police.”

  4. Sandy Beach
    December 29th, 2014 @ 12:48 pm

    06/18/2013
    Walmart PAC, Walton Family Political Contributions Favor Conservatives: Report
    ————————
    The report also includes figures on contributions related to the issue that is perhaps closest to the company’s heart: workers’ wages. The report says that from 2005 to 2012, 59 percent of the Walmart PAC’s contributions to House members who voted on the minimum wage increase went to candidates who opposed the increase, while 95 percent of the Waltons’ contributions went to candidates who opposed the increase.

    (more at the link)

    https://www.huffingtonpost.com/2013/06/18/walmart-political-contributions_n_3461267.html

  5. Analyst
    December 29th, 2014 @ 1:14 pm

    Yeah, when I was younger, I worked for very small wages…$3-something for security in a hospital among other types of employment!

    If that is true, poster 3, can this be proven?

    Orly’s thinking is straight…if the wages were up, in this day and age, a business wouldn’t need to take care of all the social services that staff have to turn to, just to live on!

    Anyone who has ever worked and tried to earn enough $$ for themselves, and/or for their families, know exactly what this entire matter is all about!

  6. Sandy Beach
    December 29th, 2014 @ 2:35 pm

    Minimum wage to rise in 21 states this week

    The minimum wage will rise in 21 states in 2015, putting it above the federal pay floor in more than half the USA and highlighting the impact of a national movement to boost the earnings of low-paid workers.

    The increases will lift the hourly wages of 2.4 million workers by up to $1 to an average of $8 and a high of $9.15, according to the Economic Policy Institute. The federal hourly minimum is $7.25.
    —————-
    Four of the states — Alaska, Arkansas, Nebraska and South Dakota — approved ballot initiatives in November to increase the minimum wage.

    Eight states — Connecticut, Hawaii, Maryland, Massachusetts, New York, Rhode Island, Vermont and West Virginia — passed legislation the last two years.

    Minimum pay will rise more modestly in nine other states as a result of automatic cost-of-living increases. All of the increases will take effect Jan. 1, except in New York, where it will kick in a day earlier.

    By early next year, 29 states with 60% of the U.S. work force will have minimum wages higher than the federal government’s, according to EPI and the National Employment Law Project.

    A bill, backed by President Obama, to raise the federal minimum to $10.10 an hour is stalled in Congress amid Republican opposition.
    ——————
    Wal-Mart spokeswoman Brooke Buchanan said the retail giant won’t raise prices because it “can absorb these costs.”

    https://www.usatoday.com/story/money/business/2014/12/29/minimum-wage-increases-on-new-years-day/20880945/

    Florida to increase minimum wage Thursday
    Raise will benefit 364,000 low-wage workers and boost consumer spending by $39 million

    On New Year’s Day, Florida’s minimum wage will increase by 12 cents to $8.05 per hour, benefiting an estimated 364,000 low-wage workers in the state. The minimum wage for tipped workers in Florida will rise by 12 cents to $5.03 per hour. The increased consumer spending generated by Florida’s minimum wage increase will boost economic growth by $38.7 million, according to an analysis of Census data by the nonpartisan Economic Policy Institute. Florida’s minimum wage increase is the result of a state constitutional amendment approved in 2004 that provides for annual rate adjustments to keep pace with the rising cost of living.

    Florida is joined by 19 states — Alaska, Arizona, Arkansas, Colorado, Connecticut, Hawaii, Maryland, Massachusetts, Missouri, Montana, Nebraska, New Jersey, Ohio, Oregon, Rhode Island, South Dakota, Vermont, Washington and West Virginia — that will raise their minimum wage on New Year’s Day, and New York — which will do the same Wednesday — boosting wages for a total of 3.2 million workers.

    Minimum wage increases on or before New Year’s Day in the 21 states will generate $838.3 million in total new economic growth as low-paid workers spend their increased earnings on basic necessities such as food, gasoline and housing. The economic boost will increase to at least $1.1 billion later in 2015 once minimum wage increases in Delaware ($8.25 on June 1), Minnesota ($9 on Aug. 1) and Nevada (to be determined) are taken into account.

    State legislation approved in 2014 will further increase minimum wage levels in Minnesota to $9.50 by 2016, Michigan to $9.25 by 2018 and the District of Columbia to $11.50 by 2016. In California, a 2013 law will increase the state’s minimum wage to $10 by 2016.
    ————-
    Under the Fair Minimum Wage Act of 2013, supported by President Obama and introduced in the U.S. Senate and House of Representatives last year, the federal minimum wage would have increased to $10.10 per hour and adjusted annually to account for inflation. It would also have gradually raised the minimum wage for tipped workers from its current low rate of $2.13 per hour, where it has been frozen since 1991, to 70 percent of the full minimum wage. Republicans, however, refused to allow a vote on the bill earlier this year when they blocked its debate in the Senate.

    https://www.wtsp.com/story/news/local/florida/2014/12/29/florida-to-increase-minimum-wage-thursday/20991645/

  7. moe
    December 29th, 2014 @ 3:45 pm

    U sound like libetals when they attack walmart. Walmart does nothing to hurt our federal gov spending ghey are not part of fed gov. They have a successful business model with happy employees who would be pushed out their niche should the gov impose marixt wage control tactics which are against free market principles. If u don t like walmart don t shop their or better yet don t buy their chinese slave labor imports products

  8. dr_taitz@yahoo.com
    December 29th, 2014 @ 3:51 pm

    the point is, why should I, as a taxpayer, pay for food stamps and health insurance of underpaid federal employees?

  9. Sandy Beach
    December 29th, 2014 @ 4:24 pm

    *****Orly said: the point is, why should I, as a taxpayer, pay for food stamps and health insurance of underpaid federal employees?******

    Wal-Mart employees are NOT federal employees.
    What makes you think the are?
    What are you talking about?

  10. dr_taitz@yahoo.com
    December 30th, 2014 @ 12:51 am

    it was a typo, I meant Walmart emloyees

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