Fair Use Notice

FAIR USE NOTICE

FAIR USE NOTICE


A BEAR MARKET ECONOMICS BLOG


This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law.

In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to:http://www.law.cornell.edu/uscode/17/107.shtml

If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

FAIR USE NOTICE FAIR USE NOTICE: This page may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This website distributes this material without profit to those who have expressed a prior interest in receiving the included information for scientific, research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107.

Read more at: http://www.etupdates.com/fair-use-notice/#.UpzWQRL3l5M | ET. Updates
FAIR USE NOTICE FAIR USE NOTICE: This page may contain copyrighted material the use of which has not been specifically authorized by the copyright owner. This website distributes this material without profit to those who have expressed a prior interest in receiving the included information for scientific, research and educational purposes. We believe this constitutes a fair use of any such copyrighted material as provided for in 17 U.S.C § 107.

Read more at: http://www.etupdates.com/fair-use-notice/#.UpzWQRL3l5M | ET. Updates

All Blogs licensed under Creative Commons Attribution 3.0

Sunday, August 4, 2013

The Raw Story Bernie Sanders: Walmart family’s ‘obscene’ wealth subsidized by taxpayers



Bernie Sanders: Walmart family’s ‘obscene’ wealth subsidized by taxpayers

By David Ferguson

Saturday, August 3, 2013 20:45 EDT
Sen Bernie Sanders via screencap

Senator Bernie Sanders (I-VT) appeared on MSNBC’s “The Ed Show” on Saturday and scoffed at the idea that major corporations like Walmart can’t afford to pay their workers a living wage and that to raise the U.S. minimum wage would be bad for the economy.



Sanders said that the overwhelming majority of the U.S. population believes that the current minimum wage of $7.25 per hour is “obscene” and a “starvation wage.” He said that he hopes to mount a strong push in the Senate to raise the minimum wage and that if enough grass roots support builds around the country, “we can force the House to do the right thing.”

“We have to create millions of new jobs” to help the economy, he said, “but we also have to make the minimum wage a living wage.”

The Senator laughed when host Ed Schultz asked what he would say to people who insist that mega-corporations like Walmart and McDonald’s can’t afford to raise their wages.

“Ed, do you want to hear one of the great obscenities of our time?” Sanders asked. “The wealthiest family in this country is the Walton family. They are worth about a hundred billion dollars. That’s more wealth than the bottom 40 percent of the American people.”

“One of the reasons that the Walton family, the owners of Walmart, are so wealthy is that they receive huge subsidies from the taxpayers of this country,” he said. “When you pay, at Walmart, starvation wages, you don’t provide benefits to your workers, who picks up the difference? The answer is that many of the workers in Walmart end up getting Medicaid, they get food stamps, they get affordable housing paid for by the taxpayers of this country while the Walton family remains the wealthiest family in America.”

“If that is not obscene, I don’t know what is,” Sanders concluded.


Watch the video, embedded below via YouTube:


No comments:

Post a Comment