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YCHIBW: Big Corporations and the Teat Edition
January 28, 2015 Economic Illiteracy

(1) Corporations like Walmart disproportionately benefit from the existence of antipoverty programs like Medicaid and Food Stamps. Why? Because when these are available to people, Walmart does not have to provide people with a wage that, alone, would be enough for these workers to sustain themselves since the government is already providing it.

(2) Corporations like Walmart disproportionately benefit from the existence of antipoverty programs like the Earned Income Tax Credit. Why? Because when the government provides a tax credit to people that are working, they are more likely to work, and therefore Walmart does not have to pay the workers as much as it “normally” would in order to attract them.

Only one of these can be right.

"1" Comment
  1. Wintercow had better watch his mouth, talking about teats, lest he offend the cloven-hooved crowd, who want him to eat more chickin.

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