Wal-mart's business model is based on government subsidizing their workers and customers and holding onto the profits.
Okay then get rid of the social safety net and let WalMart fill the void. Because I'm sure they'd have a hard time finding people to work there at $7.15/hour. Especially with the 25% of our population that is unemployed.
The first quote is an attractive notion. I used to believe this myself but have come to see that it doesn't stand up to serious scrutiny. Especially in the case of Wal Mart which, whether you like Wal Mart or not, does more to provide low income people with affordable food and clothing than any other private business in the country. So it's hard to claim they are gouging their
customers and reaping profits from government subsidies - that charge can fairly be leveled against most of the healthcare industry, but I don't think it sticks with Wal Mart.
In the case of Wal Mart's
employees, I have come to believe that we are shooting ourselves in the foot with minimum wage laws. Quite simply there are some people and some jobs that are not worth 7.15 an hour. So, is it better to have a job at 5.00 an hour, or have no job at all because you have no skills that a business will pay you 7.15 an hour to use? This is why there are no longer guys checking your oil and washing your windshield at gas stations, doormen, elevator attendants, etc., and this is why all your shirts are made in Bangladesh and your dishwasher is made by robots. When you make businesses pay their workers more than they're worth, they get rid of the workers. Worse, investment is driven into sectors that don't rely on low-wage workers - think finance - and those sectors start to eat our economy. What we are doing is discriminating against job-creating businesses in favor of non-job creating businesses, like the vampire squids who nearly destroyed our economy in 2007.
Doesn't mean I particularly like Wal Mart or that I think a person should be expected to support a family on a minimum wage job. I think it is the job of society as a whole to support low-wage workers with a fair social safety net funded by a progressive tax code, where the people who are getting the most benefit out of our economy pay substantially more to take care of the people at the bottom - in other words, don't just tax the hell out of the Walton family, tax the hell out of them AND the guys making billions in carried interest off exotic derivative swaps.