And just who is the government for?
Now THIS is the way our political class…especially the Right…wants things to work.
Walmart wages are so low that many of its workers rely on food stamps and other government aid programs to fulfill their basic needs, a reality that could cost taxpayers as much as $900,000 at just one Walmart Supercenter in Wisconsin, according to a study released by Congressional Democrats on Thursday.
Though the study assumes that most workers who qualify for the public assistance programs do take advantage of them, it injects a potent datapoint into a national debate about the minimum wage at a time when many Walmart and fast food workers are mounting strikes in pursuit of higher wages.
So not only are their employees suffering, not only do those who lose their jobs because of Wal-Mart suffer, but EVERYBODY SUFFERS.
The Walton family, heirs to the founders of the Wal-Mart Stores Inc. superchain, are worth nearly as much as the bottom half of American households combined.
The Waltons’ value — $89.5 billion in 2010 – is equal to the worth of the 41.5% of families at the lower end of the income ladder, according to an analysis by Josh Bivens of the Economic Policy Institute. That comes out to 48.8 million households.
CBO looked at the ten biggest expenditures — which encompass about two-thirds of the budgetary effect from all expenditures — and found they’ll total over $900 billion for 2013, or 5.7 percent of the economy. For the 2014 to 2023 period, they’ll amount to $12 trillion, or 5.4 percent of the economy.
Most dramatically, the CBO found that over half of that will go to the top fifth of income earners. For a family of four, that means those making $162,800 a year or more. Seventeen percent of expenditures will go to just the top one percent of earners — those families making over $654,000. Meanwhile, a mere 8 percent of the money from expenditures will accrue to the bottom fifth of American families.