420 is so close I can almost taste all the bad jokes I’ll have to weed through
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.
“The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs,” reads the report, available in full here.
“It found that a single Walmart Supercenter cost taxpayers between $904,542 and $1.75 million per year, or between $3,015 and $5,815 on average for each of 300 workers.”
Americans for Tax Fairness then took the mid-point of that range ($4,415) and multiplied it by Walmart’s approximately 1.4 million workers to come up with an estimate of the overall taxpayers’ bill for the Bentonville, Ark.-based big box giant’s staffers.
The report provides a state-by-state breakdown of these figures, as well as some context on the other side of the coin: Walmart’s huge share of the nationwide SNAP, or food stamp, market.
“Walmart told analysts last year that the company has captured 18 percent of the SNAP market,” it reads. “Using that figure, we estimate that the company accounted for $13.5 billion out of $76 billion in food stamp sales in 2013.”
Much of Walmart’s workforce is more or less subsidized by taxes.
That is, they pay their employees so little that said workers often need SNAP or another social program in order to make ends meet, yet Walmart gets the benefits (increased profits) of a cheap workforce.
Then people want to complain about the folks receiving this assistance instead of looking at the real problem. The fact that profits are coming directly from tax dollars by way of artificially low labor costs.
Walmart does not need our tax dollars, yet it seems a great deal of Americans are more than happy for them to have them, all the while complaining about people on public assistance, when that public assistance is actually a form of subsidy to Walmart itself so that they can keep labor costs low.
i dont even interpret “uwu” as a smiley i just read it as “oo woo”