Flawed logic allows self-righteous conservatives to regard the bottom 47 percent of Americans, who pay no income tax, as “takers.” Many of these people are the working poor. The personal and standard exemptions that eliminate their tax liability, also reduces tax liability for the wealthy.
Perhaps 78 major corporations are also takers, since they pay no income taxes, including Boeing, Exxon-Mobil, G.E., Verizon, etc.
Among those considered “makers” by conservatives are the heirs to the world’s largest retailer. They haven’t made squat. They were just born lucky. Their wealth equals the bottom 42 percent of Americans.
The greed-fest they oversee is the leading culprit in downsizing American jobs to a poverty level, while they profited $21 billion last year. They suck their profits from the pockets of their low wage workers and impoverished sweat shop workers around the world. Eighty-five percent of their products come from overseas. They also redeem 18 percent of all food stamps.
We subsidize their workers with $6.2 billion per year in the form of food stamps, Medicaid, Section 8 housing and earned income tax credits. They avoid another $1 billion a year in tax loopholes, while receiving TIFs from municipal governments to destroy more businesses than any other retailer.
Meanwhile, Costco’s employees are paid $8 to $10 more per hour and most have health insurance and pensions. They outperform many major retailers with steady growth in the market.