Amazon CEO Jeff Bezos’ net worth is $177 billion. The three heirs to Walmart saw their fortunes grow last year by $40.7 billion. Thousands of Amazon and Walmart employees’ incomes are so low that they qualify for food stamps, meaning that taxpayers subsidize these booming businesses. Think of that — we middle-class taxpayers are subsidizing employees of people who not only are billionaires, but have wealth of over $100 billion. That is why Democrats are fighting for an increase in the minimum wage.
Raising the minimum wage would be a massive and much-needed economic stimulus that would directly benefit many of the most vulnerable workers. We must begin to reduce our obscene inequality in wealth and taxes. We must push forward to a system where everyone pays their fair share of taxes, and where worker compensation is fair and just.
American workers should not be a few steps away from servitude. Redistributing money upwards must stop.
Sandy Kremer
Youngwood