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Taxpayers

Taxpayers Subsidize Low Wages Paid By Corporate Giants

Call it corporate welfare. The nation’s taxpayers are subsidizing the nation’s largest private employers, notably Walmart and Amazon, who pay their workers so little that millions of their employees are forced to survive by turning to public subsidies, notably food stamps (SNAP) and Medicaid, a new report says. And that applies to much of the so-called “gig economy,” especially Uber, Lyft, DoorDash and similar delivery services, too, the study adds. The latest Government Accountability Office (GAO) report, based on data through September 2024—the most recent complete statistics available—also shows a huge rise since the prior study, using then pre-pandemic data in 2020, said Sen. Bernie Sanders, Ind-Vt., who commissioned both reports.

Debt Relief In The Global South Would Benefit People In The US

Amidst a succession of financial shocks, the Middle East war being only the most recent, developing countries’ debt levels are alarmingly high and continuing to rise. These burdens make it even more difficult for governments in the Global South to meet the basic needs of their populations. And because the world is inter-connected through international trade and financial markets, these developing country debts boomerang back to harm ordinary people in the United States and other advanced economies as well. To effectively address this growing crisis, we need to recognize that the debt landscape is very different today than it was in the late 1990s/early 2000s.
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