WhatFinger

Unlike government, which never has a bottom line and seems not to care one whit for economic consequences in U.S. deficit spending and counting)--such is not the case for any business or any rational person managing a household budget

W-a-l-m-a-r-t does not spell welfare


Apparently the liberal MSM and politicians confuse the name Walmart with the concept of welfare. The first is a publicly-traded retailer with stockholders that expect the company to remain profitable. The second is a government-sponsored entitlement program for the needy. The two are examples of entirely different economic animals: the first provides purpose, the semblance of independence and potential upward mobility, the second guarantees Socialistic stagnation and the status quo. In 2013, the D.C. minimum hourly wage was $8.25. At the time, the city council tried to shakedown the world's largest company (in 2014, by revenue as well as the biggest private employer) with the "Large Retailer Accountability Act." The bill targeted only non-union retailers with stores in the district larger than 75,000 feet and with corporate sales of $1 billion plus. When Walmart balked and almost bolted, the bill was rejected by then-Mayor Vincent Gray. It would have required them (and a limited number of other companies unique for their size such as Target, Home Depot and Macy's) to pay employees a 50 percent premium over the city's minimum wage or $12.50.
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