Tuesday, July 30, 2013

MORE CORPORATE WELFARE

Senator Bernie Sander, (I-V) cleverly pointed out something he called Wal-mart welfare. By paying low ages, working people work but do not earn enough to support themselves and their families. They fall through the cracks of the system and have to rely on the social-net provided by this country: food stamps, social security, Obamacare, emergency room care, soup kitchens, and public schools as baby sitters. These are the things Republicans call welfare; all of which Republicans, including the Walton family, are trying to destroy. The Senators point was that, in a perverse way, Wal-Mart’s minimum pay workers are the ones who benefit from this welfare; therefore, Wal-Mart benefits from welfare.

Thus, we can add Wal-mart to the long list of the more obvious travesties of government subsidies to “needy” corporations: oil companies, big farms, and the like. We can also include the “more jobs” farce, for example as happened in North Carolina. A huge company negotiated with the corrupt Governor and Duke Energy employee +Pat McCrory, to expand in the state in exchange for 50 new jobs. The jobs pay around $50,000 per years but when we do the math, it turns out that the state awarded economic benefits, in the form of tax breaks and other benefits, equivalent to $85,000 pre job—the company is already in the State so moving expenses were not a factor. That was a nice boost to the bottom line of the company from taxpayer’s money, especially with the people applauding McCrory as he “tip toes through the tulips” for bringing jobs to the state.  Que sera, sera.



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