Saturday, November 29, 2014

Our tax dollars shouldn't subsidize Walmart profits

On Black Friday, for the third year in a row, demonstrators gathered at Walmart’s across the nation; but this year was different because for the first time there were demonstrators at the Schertz store as well as 1500 other locations. The local demonstrators pointed out that Walmart, like too many other large and profitable companies, receives subsidies from our tax dollars because they pay the staff so poorly that many of their families qualify for and receive Supplemental Nutritional Assistance Program benefits, formerly known as food stamps. Many also qualify for Medicaid and other taxpayer financed assistance.

Forbes magazine reports that Walmart accounts for $6.2 billion in such subsidies every year. Raising minimum wage to at least the poverty line would significantly reduce the $400,000 per year subsidy that an average Walmart location gets from us, the taxpayers.

In addition demonstrators called for Walmart to make more positions full time so that more employees would qualify for company health insurance benefits. Another issue discussed was unpredictable and erratic scheduling that makes it difficult to take care of family needs like doctor appointments and meetings at school.

Our 32nd president, Franklin Delano Roosevelt, when explaining his support for the original minimum wage bill he signed into law said: “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.” It’s long past time that our legislators end this corporate welfare.