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21 March, 2023

Walmart privatizes profits and socializes losses to exploit its workers

icon Corporate Welfare,Walmart,Walton
Walmart privatizes profits but socializes expenses

Walmart workers struggle to survive on food stamps and Medicaid while Republicans give more tax cuts to their billionaire Walmart donors.

"Walmart relying on corporate welfare from the federal government by paying their workers starvation wages", Said Bernie Sanders. "That is morally obscene. U.S. taxpayers should not be forced to subsidize some of the largest and most profitable corporations in America.” - Washington Post

How do billionaires rig the system with Republican help?
- Where are Walmart stores located?
- How many seniors workers depending on Social Security live in those counties?
- How much does Walmart donate to the GOP?
- Who are the Republicans threatening to cut Social Security but opposing the BILLIONAIRE TAX which would require billionaires to pay their fair share of taxes?

How Walmart thrives on Corporate Welfare

Walmart privatizes profits but socializes losses
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Walmart facts

- The average Walmart salary $15.20 hourly. $31,618 yearly. The Entry level salary is $19,000 yearly - Zippia
- Walmart is one of the largest Republican donors - Open Secrets
- GAO (Government Accountability Office) study shows Walmart was one of the top employers whose workers used food stamps (SNAP) and Medicaid beneficiaries in 11 states. The next companies with large number of workers on federal benefits include Dollar Tree, Dollar General, Amazon, Burger King and FedEx. - Washington Post
- Retail workers in their 60s, 70s and 80s say they’re worried about their health — but need the money. Washington Post

Walton billionaires dominate the Forbes 400 list of wealthiest Americans
Source: Forbes 400

Low Walmart wages means less Social Security in retirement

"Is your salary less than $160,200? If so, you’re among the 94 percent of American workers who pay into Social Security all year long. Thanks to a loophole that exclusively benefits the affluent, income above that amount simply isn’t taxed for Social Security. - Other Words

Social Security Calculator. The average Social Security benefit is expected to be $1,827 per month in January 2023. The maximum possible Social Security benefit for someone who retires at full retirement age is $3,627 in 2023. However, a worker would need to earn the maximum taxable amount, currently $160,200 for 2023, over a 35-year career to get this Social Security payment. Social Security payments are calculated using the 35 highest-earning years of your career and are adjusted for inflation. If you work for more than 35 years, your lowest-earning years are dropped from the calculation, which results in a higher payment. Those who don't work for 35 years have zeros averaged into the Social Security calculation and get smaller payments. - US News

Republicans cut taxes for billionaire donors while threatening social security

Billionaire tax cuts vs your Social Security

"Right-wing politicians and cable news pundits frequently say that we “can’t afford” Social Security. Their solution? Cut benefits for working people who’ve paid into the program for our entire lives. They never suggest that we simply require the wealthiest people in America to pay into Social Security all year long, just like the rest of us. If we taxed them like we tax everyone else, we could afford not just to protect our benefits, but expand them.

The Social Security Expansion Act would do just that. This bill would require the wealthy to contribute into Social Security on all their income over $250,000 — including investment income. And it would use the additional revenue to increase Social Security benefits and keep the program strong.

United For Respect

Walmart is the largest corporate employer in the U.S. as well as the largest corporate employer of Black, Latinx, and women in the country. It makes more than $500 billion in revenue a year. As heirs to the Walmart fortune, the Waltons own more wealth than 40% of everyone in the U.S. Despite this success, Walmart is increasing its reliance on an underpaid part-time workforce while associates across the board are experiencing cuts to our hours and benefits.

- “I HAD NO PAID LEAVE AND HAD TO GO BACK TO WORK TWO WEEKS AFTER CHILDBIRTH. I CALLED MY MANAGER TO LET THEM KNOW I HAD TO GO WITH MY BABY TO THE HOSPITAL, BUT IT DIDN’T MATTER – THEY PENALIZED ME FOR MISSING WORK. WOMEN SHOULDN’T HAVE TO CHOOSE BETWEEN THEIR WORKPLACE AND THEIR CHILD." - JASMINE DIXON, COLORADO
- “I SHOULDN’T HAVE TO CHOOSE BETWEEN PAYING RENT OR PAYING MY LIGHT BILL.” - CIERRA HARRINGTON, NORTH CAROLINA
- “I’VE WORKED AT WALMART FOR 26 YEARS. I TAKE THE BUS EVERYDAY – MY SHIFT STARTS AT 4AM AND I HAVE TO LEAVE MY HOUSE BY 1:30AM TO MAKE IT TO WORK ON TIME BECAUSE THERE’S LIMITED PUBLIC TRANSPORTATION AVAILABLE. OUR HOURS ARE BEING CUT AND WE’RE NOT PAID ENOUGH TO PROVIDE FOR OUR FAMILIES." - DANIEL COLES, CALIFORNIA

TakeAway: Billionaires should pay their fair share of taxes in return for Federal help. Stop Republican tax cuts for the ultra wealthy in return for political donations.

Deepak
DemLabs

DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.

Making it easier to follow the money

- We started with this Google map of Walmart store locations
- This was used to create this map with ArcGIS Online which overlaid the number of seniors living near the Walmart stores and the Senators who are supposed to represent them
- This new map was added to a relationship map created with Kumu that shows Walmart donations to Republicans and the plight of Walmart workers.

How Walmart rigs the system
How does Walmart rig the system? Follow the money.
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