Thought for the Day

Senator Bernie Sanders (I-Vt.) provides another pithy quote for us today:

“The largest private sector employer in the United States used to be General Motors, which paid unionized workers good wages and good benefits. Today, the largest private sector employer is Wal-Mart, which opposes unionization and pays low wages with minimal benefits. For the sake of our kids, this path downward must be reversed.”

Those General Motors employees also paid taxes on strong earnings and thus supported governments at all levels in our society. Those earnings are much lower today, and taxes paid are even less, thus starving the governments of what they need to care for their people and taxpayers. Instead, the current employees of Wal-Mart earn so much less that they are eligible for federal assistance in income and medical care. Wal-Mart does not pay these benefits but the government does. And it is the rest of us in society that pay that bill through our taxes.

This is a subsidy that is not subtle.

Yet Wal-Mart benefits of lower taxes because they pay politicians ‘donations’ for their re-election. In turn they pass legislation that softens the tax bite for Wal-Mart.

You see how this works, right? When will we change this?

March 28, 2015