There is something wrong with “business as usual” in America. Despite record-breaking profits, corporations received $154 billion in tax breaks and subsidies last year. In 2013, the average taxpayer contributed $6,000. Wal-Mart is a perfect example. It employs 1.2 million hourly workers in the U.S. alone and has annual profits of over $17 billion. Yet this largest U.S. employer has received $1.2 billion in tax and economic development subsidies, nearly $51 million of that in California. On a local note, the Manteca location generated $1.7 million in development aid for Wal-Mart when it was built.
That’s not the only way taxpayers funnel profit to Wal-Mart. Due to its low wages, the company’s full-time workers qualify for a yearly total of $2.66 billion in public assistance.
Adding insult to injury, the Walton family donates millions each year to conservative organizations that oppose the Affordable Care Act and raising the minimum wage while promoting cuts to the very safety net programs that Wal-Mart employees rely on. Which is the greedy taker with a sense of entitlement – the hourly employee who can’t make ends meet or the corporation that relies on the public to pay its employees?
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