09-18-2020, 02:15 PM
(09-17-2020, 08:03 PM)Mickeypoo Wrote: But if the 1% owns a lot of the huge businesses, wouldn't the 90% consuming be responsible for the 50T by consuming?
Not arguing, just trying to understand.
The 1% needs a labor force from the 90% in order to produce their wealth.
Wal mart is making record corporate profits because they can pay many of their employees less than a living wage and the taxpayers are left footing the bill for the government assistance that their employees need to get by.
75% of the people enrolled in Medicaid live in a household with at least one employed person.
Over half of the people who receive food stamps are employed.
1 in 10 full time employees receive some form of government assistance.
Basically US taxpayers are subsidizing the workforce of large corporations so that they can rake in higher profits instead of paying a living wage.
