Although a notorious recipient of corporate welfare, Walmart has now admitted that their massive profits also depend on the funding of food stamps and other public assistance programs. Walmart, the nations largest private employer, is notorious for paying poverty wages and coaching employees to take advantage of social programs. In many states, Walmart employees are the largest group of Medicaid recipients. However, this report is the first public acknowledgement of the chains reliance on the funding of these programs to sustain a profit. ... the irony of their admission is that Walmart is the company that has done, perhaps, more than any other corporation to push people into poverty. ...the more stores that have opened in a particular county, the worse it is. This is a company that everywhere it goes it creates poverty. As a retailer that specifically targets a low-income demographic,... the insidious genius of their business model is that they have so squeezed American workers [...] many feel that their only choice is to shop at Walmart.
Posted on: Tue, 01 Apr 2014 01:55:18 +0000
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