We have to stop asking working people to pick up the tab for corporate America. Corporate America does not want to pay their employees a living wage.
Case in point Wal-Mart doesn’t pay the majority of their employees a living wage but the minimum wage which isn’t enough for a family to survive in today’s economy. Therefore their employees need help from food stamps and housing assistance among other government assistance programs. This puts the burden of supporting their employees on you the United States of America taxpayer while Wal-Mart fills their pockets the profits.
The Walton’s are the richest family in America thanks to their ironclad control over the world’s largest retailer, Wal-Mart. Seven heirs of founders Sam Walton (d. 1992) and his brother James “Bud” (d. 1995) own about half of the company’s stock. Founded in 1962 in Rogers, Ark. and taken public in 1970, today it’s the biggest business in the U.S. in terms of revenues, with $482 billion in sales.
Five members of the world’s richest family added a collective $8.7 billion dollars to their fortunes following Wal-Mart’s surprisingly positive first quarter earnings report. That is just one quarter and they cannot pay their employees a living wage.
The tax code needs to be revised to a fair and balanced system rather than the wealthy orientated system we are presently enslaved to.