Wal-Mart and McDonalds, Welfare Queens Barry Ritholtz: The two - TopicsExpress

Wal-Mart and McDonalds, Welfare Queens Barry Ritholtz: The two biggest welfare queens in America today are Wal-Mart and McDonalds. ... According to one study, American fast food workers receive more than $7 billion dollars in public assistance. As it turns out, McDonalds has a McResource line that helps employees and their families enroll in various state and local assistance programs. Wal-Mart, the nations largest private sector employer, is also the biggest consumer of taxpayer supported aid. According to Florida Congressman Alan Grayson, in many states, Wal-Mart employees are the largest group of Medicaid recipients. They are also the single biggest group of food stamp recipients. Wal-marts associates are paid so little, according to Grayson, that they receive $1,000 on average in public assistance. These amount to massive taxpayer subsidies for private companies. bloomberg/news/2013-11-13/how-mcdonald-s-and-wal-mart-became-welfare-queens.html

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