4 ms·
People making more than 76k/year (~20% of workers in US) subsidize Walmart workers. Most people making less than 76k are getting subsidized - as they should be.
by smm2000 10y ago
People making more than 76k/year (~20% of workers in US) subsidize Walmart workers. Most people making less than 76k are getting subsidized - as they should be. I would prefer people doing productive work in Walmart getting subsidized than subsidizing people watching TV at home.
- cabinguy 10y agoRight. But the part you are leaving out is that the children of Walmart's founder are among the richest people in the history of the world. We are subsidizing their wealth.
- aianus 10y agoSo increase the tax on Walmart, Walmart's founders, and the rest of their shareholders, and rich people in general. Raising wages at Walmart (or the minimum wage across the board) is a terribly inefficient solution to wealth inequality.
- cabinguy 10y agoWell, that's one point of view, but I disagree. Subsidizing the wealth of ultra-rich people...and then trying to recoup it by increasing their taxes seems much more inefficient.
- brazzledazzle 10y agoNot to mention much easier to remove with some strategic campaign donations.
- aianus 10y agoAt best, raising the minimum wage results in a transfer of wealth from middle class people to poor people. Rich people don't spend any significant part of their money on the products of minimum wage labour. At worst, it would result in unemployment and recession.