How long before Amazon makes money on the backend by accepting SNAP payments from their own workers?http://freebeacon.com/politics/report-10-percent-of-amazons-...Amazon ranks high on a list charting Ohio's employers with the most workers and their family members on food stamps, with a new report estimating more than 10 percent of its workforce in the state qualifies for the federal aid.The progressive policy group Policy Matters Ohio stated, as of August, Amazon had 1,430 workers and family members on food stamps, which helps low-income people purchase food. It ranks 19th on a list of 50 large employers in the state, according to the group.Since a typical beneficiary gets benefits for roughly two people, that means the online retail giant has about 700 workers on the program in Ohio, The Columbus Dispatch reports:
How long before Amazon makes money on the backend by accepting SNAP payments from their own workers?Well, Rock, you should have read the Way Back Machine before positing that question:http://www.foxbusiness.com/features/2017/06/06/amazon-fights...The new Prime offering takes direct aim at Wal-Mart, which counts on shoppers who receive government assistance for a large percentage of sales. Wal-Mart generated about $13 billion in sales last year from shoppers using the Supplemental Nutrition Assistance Program, or SNAP, accounting for around 18% of the money spent through the program nationwide. Those customers also spend additional income while in Wal-Mart stores.Amazon will require cards typically used for food stamps as an initial measure to determine participant eligibility, although they can't yet be widely used for shopping online. The retailer plans to add additional ways to qualify.Low-income shoppers are "a big opportunity" and are already buying online, said Laura Kennedy, director, retail insights at consultancy Kantar Retail. But some lower-income consumers still face hurdles because they more often lack typical bank resources like accounts or credit cards.
It's a fact that millions of working people get SNAP. We are subsidizing low wage workers.Privatize the profits and socialize the costs are the rule of the day.Take advantage and be a member of the investor class.
Thank you for recommending this post to our Best of feature.It's a fact that millions of working people get SNAP. We are subsidizing low wage workers.Privatize the profits and socialize the costs are the rule of the day.Take advantage and be a member of the investor class.If you can't beat'em, join'em. Now you're getting with the program. I am just one investor, I cannot change the world. You are just one investor, you cannot change the world.But together we can make money (while the revolutionaries rage against the machine. ;-)
Or...We could raise minimum wage to 20 dollars an hour. Raise it to 8 dollars an hour first rattle out of the box, then 1 dollar an hour every quarter.Then just as an incentive to keep the Koch brothers in check, we pass a "Sir" tax. Any income in excess of 250 times minimum wage gets taxed at an extra 30 percent. And, any income for anyone with 1000 or more employees that is in excess of 250 times those employees wages gets taxed at another 30 percent. If one doesn't have any employees, the the average income of people living in a 100 mile radius will be used. Assuming a 20 dollar an hour minimum wage. The minimum full time income would be about 40,000 a year. So the "Sir" tax wouldn't kick in until 10 million a year. Assuming that the average wage of a certain oligarchs serf was 100,000 a year, the second tax would not kick in until 25 million per year. If the oligarchs want a tax decrease from 90 percent, all they have to do is campaign for higher minimum wages and higher average wages.CheersQazulight
Or...We could raise minimum wage to 20 dollars an hour. Raise it to 8 dollars an hour first rattle out of the box, then 1 dollar an hour every quarter.Typical socialist solution. If you raise the wages of the people who produce the goods & services You have to raise the prices charged for those goods & services or the company goes broke.Want'a talk about the owner taking a cut in profits? Let's talk about the owner mechanizing or going overseas.In the real world the "evil" Koch brothers aren't going to take a pay cut if they don't have to. Neither would you.Then just as an incentive to keep the Koch brothers in check, we pass a "Sir" tax.Then just as an incentive to keep the socialists in check the Koch brothers move there operations offshore.Karl Marx is dead. The means of production is now in the process of being automated or going off shore. Or both.
Sorry I can't recommend that twice and then some.
Now that they've bought Whole Foods, for their employees they can be "whole paycheck" and complete the unvirtuous cycle.PF
Want'a talk about the owner taking a cut in profits? Let's talk about the owner mechanizing or going overseas.Typical Republican excrement.If it can be mechanized, it should be mechanized. To suggest otherwise is to be a luddite.I prefer 6 percent unemployment where people actually can live on the job they have to 3 percent where they cannot.Typically we, the government, are paying to have people do unproductive jobs, and letting the rich keep the money. You might as well have a full on communist system where the state owns the companies and makes them unproductive so everyone can have a job.For economic system to work, it must wring unproductivity out of the system. A much higher minimum wage does that. The “Sir” tax just puts an incentive on the very wealthy to raise the wages and force the productivity increases.Yes I am a radical left wing socialist with no love for the excrement that the Republicans and Democrats of the last 30 years have been flinging against the wall.Qazulight
Outstanding reply, Q, and all the more reason to embrace the Best Of in the crypto world. The Revolution is "ON" and all the naysayers on Fool and in D.C. and on Wall Street cannot stop the supervolcano from erupting and taking out the 1%ers who'd walk by a homeless person freezing in the cold because that person is a bum, a lesser mortal, a waste of life, a drag on society.Payback's going to be a beotch for the Kushners, Trumps, Putins, Clintons, Weintsteins, O'Reillys, Maduros, Kochs, Mercers, Dimons, etc., of the old regimes.The Atomic Steamroller of Crypto is not a bubble. It's only revving its engine. We've got the whole planet to level and we're only getting started.
Take advantage and be a member of the investor class.Wait until you see what crypto is about to do to the stock exchanges of this planet. All markets will open up to billions of the smallest investors who will finally get their first taste of "ownership" free of middlemen. So many of the heralded companies which paid company bonuses to Executives padding the quarterlies with cheap DEBT are about to be disrupted by companies with no buildings bearing logos. Hell, the new web is going to upend the FCC's Net Non-Neutrality. What's being planned and what is about to unleash in 2018 is sci-fi fantasy/cyperpunk/cryptopunk stuff from a 90s William Gibson or Noel Stephenson novel.You know you can invest in this decentralized future?
Well Qaz I could 9nly rec you once so i made you a favored fool also lol! Every Republican sympathizers always think pointing to Venezuela legitimizes their scare tactics re: socialism.They never acknowledge Norway, Denmark or any of the other 17 western world powers with health care for all. And act like the happiness and quality of life factors are dispicable metrics if not gotten through pure capitalism.
I am feeling rather MrCheeryOish at this moment, but I'll try and leave you no question as to my feelings about the evisceration of our Middle Class by Randians in power.Ever the heavy boozer, ciggy smoker and Libertarian, Ayn Rand, died using her cuckholded husband's last name (as "Ann O'Connor" no less) while taking Social Security payments and using Medicare for her frail health. In 1979 Medicare doctors operated on her for lung cancer. In 1982, she died of congestive heart failure.Rand denied the scientific consensus on the side effects of tobacco all her life. As a very bad pop-cult novelist, she modeled one of her characters, John Galt, on a prominent 20s serial killer who dismembered his victims. Rand's notebooks were filled with beguiling descriptions of the serial killer who Rand admired for his abject sociopathy which moved into psychopathy.If you took Charles Manson, elevated his insane writings to serious literature for alt right kooks, you'd have the next Ayn Rand after his recent death.Rand and Manson, two sexual libertines, would have made a lovely couple. Both were as sick as Adolf Hitler, Putin, Mussolini, or the Husseins, or as uncaring and unconscious as the Sacklers, the Waltons, the Trump™ Crime Family, and Paul Ryan and his whipped lapdogs in Congress are today. If Americans don't vote the sickness of one party out of office in 2018 in overwhelming numbers, my wife and I will be packing the bags and moving to a country where civilization exists by Spring 2019.I want to think the Resistance grows daily. I know Twitter is filled with veterans who despise what has happened under this Administration. (One of my fave threads was a retired three-star general calling out a full bird colonel for carrying Trump's and the alt-right's water.)It's wait and see time now. I had been very outspoken about my feelings concerning Trump™ before this past election. I was amazed to see how many workers in Key West actually supported the con man. But now, those who were once loudest in their support, never bring up the man's name in public any longer. I'm hoping this is some kind of embarrassment which will translate into a tsunami wave of overthrowing the status quo Republicans who want to dismantle social safety nets.Corker traveling on Air Force Grovel with Trump today. Watch that quisling un-retire with an Ivanka Trump™ blood-diamond choke-chain around his neck.Meanwhile, Red China has moved ahead of the USA in infrastructure, education, the Sciences, electric car adoption, solar power, A/I, robotics and more. Our tired red MAGA caps made in cheap labor countries are our talisman against those who are cleaning our clocks and laughing at our big ole goofy fearless leader, Cheetolini McBonespur, the world's bigliest stable genius.
Qaz, goofnoff, myself and a few other male Fools who served during the Vietnam era have fine-tuned b.s. detectors aimed at rapacious Chickenhawks who embrace Ayn Rand's sociopathic ugliness as a religion.
If Americans don't vote the sickness of one party out of office in 2018 in overwhelming numbers, my wife and I will be packing the bags and moving to a country where civilization exists by Spring 2019.Trump is exactly what the United States needed. The bankster leased Democratic party has been playing identity politics and shoveling money to the banksters under the table. The Republican party a simple puppet of the banksters, threw the American people on the table, jerked their pants down and did the big nasty for the banksters entertainment. The shock is needed.I don't know if I will bother voting, but if I do, it will not be Republican or Democrat.By the way, moving is not a bad idea. Just like Simba and his pals explained, there is a circle of life. The reason there are so many interpretations of the book of Revelation is that all of them are correct.This quote reminds me of everything that has transpired since Reagan was elected. (I supported Reagan, the last Republican I supported) Revelation 6:5-6 New International Version (NIV)5 When the Lamb opened the third seal, I heard the third living creature say, “Come!” I looked, and there before me was a black horse! Its rider was holding a pair of scales in his hand. 6 Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds[a] of wheat for a day’s wages,[b] and six pounds[c] of barley for a day’s wages,[d] and do not damage the oil and the wine!”Sound like today? Hummm?Now for the fourth seal.7 When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, “Come!” 8 I looked, and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.I am very bullish on the world economy. I am not so bullish on the Empire of the United States. The world is getting better and better every day in every way. (Ok, maybe not every way and every day, but a lot.)CheersQazulight
Qaz, goofnoff, myself and a few other male Fools who served during the Vietnam era have fine-tuned b.s. detectors aimed at rapacious Chickenhawks who embrace Ayn Rand's sociopathic ugliness as a religion. When I worked for "The Government" I did a lot of things that were difficult to protect everyone. No I didn't kill anyone, I am a technician. It didn't make what I did easy. When I saw how people, my relatives, could scream for blood and sacrifice, but get really angry when it was suggested that their sons should put their blood up for sacrifice. I knew I had wasted my time.I encouraged my eldest who was unemployed at the time to join the Army before he got to old. This was 2008 and the Iraq was still going on, he was not that interested. The fact that he is color blind didn't help either. The scathing looks I got from his mom and the askance looks from everyone else told me I had wasted my time and efforts. Because I served in the Coast Guard, in a time when not one single shot was fired at anybody by our armed forces, I was always a little ashamed to be mentioned in the same breath with those that fought before and after me. But after seeing that people would not even take a chance on being deployed, I take every free meal and hand shake offered.When the first Gulf war started I was working for "The Government" and was in school learning the ins and outs of secure communications. I asked if I could suspend training and go. I was already a trained and certified communications tech, I was learning the operations side of of telecommunications. They said "No." Some people run to fires, some run away. I just didn't understand. I do now.It is unlikely that I will ever stand and deliver for anyone in this country again. CheersQazulight
Don't forget 85 billion a year EITC and growing fast. Complete Republicrat support for more of that business subsidy at taxpayer expenseWent to buy a stove on the weekend and decided to support local small business. Service terrible so we left and bought at a big box at better price and serviceI see no reason to praise small business because it's a small business Many of them are just bad businesses why so many go out of business and destroy jobs and capitalIf big box and the strangely inefficient Amazon put them all out of business fine with meA pair of socks in a box via FedEx 747?
I invoked your name and Poof you appear in green turban, gold parachute pants made from Trump™'s Oval Office curtains, bare-chested after 3 sets of bench press reps at the Gold House gym, and all the Fool women have fainted from a case of the vapors in the cold of night with your visage as the last thing they saw before losing conciousness? I'm mighty impressed, Mr.CO! This is what I call five-star service!I owe you .00000001 of a Bitcoin. So just to be clear, no lamp rubbing? You just appear when I beseech your name, right?Next time, would it be too much to ask you wear those slippers with the curlicue toes? Those sox from the box ain't cutting it. You're conflating "Shazam" and "Risky Business". Focus on the Shaq Daddy. Cross your arms. Think "Shazam!"Wait, maybe we missed something here. I say your name and rub the side of our stove and you pop out of the oven? Or are you living in a box out in my barn? That's kind of creepy man. Got to warn you, lots of snakes out by the barn.
Since you smirked at the mention of Bitcoin, I gladly paid you with one rec!
Or...We could raise minimum wage to 20 dollars an hour. Raise it to 8 dollars an hour first rattle out of the box, then 1 dollar an hour every quarter.Or, we could leave it alone and instead increase the EITC by the same relative amount.The later solution would less likely lead to job loss and it would much more accurately target the rich and wealthy via our existing progressive tax system.https://wol.iza.org/articles/minimum-wage-versus-earned-inco...https://www.cbpp.org/research/state-budget-and-tax/state-ear...http://time.com/4608394/15-dollar-minimum-wage-eitc/
Or...We could raise minimum wage to 20 dollars an hour. Raise it to 8 dollars an hour first rattle out of the box, then 1 dollar an hour every quarter.Or, we could leave it alone and instead increase the EITC by the same relative amount.The later solution would less likely lead to job loss and it would much more accurately target the rich and wealthy via our existing progressive tax system.Read over the articles. No data, just statements. The idea of raising the minimum wage is NOT to help pimply faced kid or immigrants washing dishes. That is a side effect. The reason for the raise is to force increases in productivity through out the economic system, and get the government out of SNAP payments, and low income housing. These aids to the poor distort the economic system and cause inefficiencies. The earned income credit takes tax payer out of the system. A higher minimum wage puts them back in. It reduces government subsidies on many fronts and forces employees and employers to increase productivity through training.The reason for the "Sir" tax is not to cap income, it will only do it for a while anyway as the wealthy work around it, it is to help align the high income earners goals with the lower income earners goals.CheersQazulight
Read over the articles. No data, just statements. Stop skimming and start reading.From the first link, halfway down the page:In a 2014 report, the CBO estimated that a federal minimum wage increase from $7.25 to $10.10—a 39% increase when fully implemented in 2016—would reduce total employment by about 500,000 workers, or about 0.3%, with a two-thirds chance that the employment loss would be between a very slight reduction and one million workers. An increase in the minimum wage would boost the wages of 16.5 million workers who remained employed. But it would reduce the number of people (not workers) in poverty by only 900,000, or about 2% .So, for people who are concerned about the working poor, this minimum wage increase is not a very effective mechanism for reducing poverty. That was Stigler’s conclusion in 1946 for exactly the same microeconomic reasons given by the CBO in 2014. Artificially increasing the wages of low-skilled workers above the wage rate established in the competitive marketplace by the forces of supply and demand would reduce the number of workers employed at this higher wage.The CBO’s central demand elasticity estimate for affected teenagers was –0.1. That is, a 10% increase in the minimum wage would reduce employment by 1%. The CBO reported the likely range for this elasticity to be from slightly negative to –0.2, with a central estimate of –0.067 for affected adults. These elasticities support the CBO’s prediction that fewer workers would be employed because of a 39% increase in the federal minimum wage rate .[At least nine more references follow]...But what about Stigler’s second question: Are there efficient alternatives to minimum wage increases? On this issue there is very little disagreement. A much less reported finding of the 2014 CBO report is that the earned income tax credit is a far superior way to provide additional income to workers who live in poor families . In the 2014 report, the CBO refers to its 2007 report, which compared the cost to employers of a change in the minimum wage that raised the income of poor families by a given amount with the cost to the federal government of an enhancement in the earned income tax credit that raised the income of poor families by roughly the same amount. The cost of a higher minimum wage to employers (and to consumers who purchase their products) was much larger than the cost to the government (and the taxpayers who provide these revenues) of an enhancement in the earned income tax credit.----------The reason for the raise is to force increases in productivity through out the economic system, and get the government out of SNAP payments, and low income housing. These aids to the poor distort the economic system and cause inefficiencies. So your way to fix inefficiencies is by introducing even more artificial cost of labor inefficiencies? And even worse, making the cost of those new inefficiencies (higher cost of min wage labor) paid for by the customers of those businesses - who are much more likely to be poor than rich.You can't possibly think that taking the min wage to $15 will get rid of SNAP or low (or more accurately no income) housing. You won't get rid of those by forcing the cost onto consumers. That is exceptionally short sighted. Is there any country in the world where they have been able to move from a system of government support for the poor to a market-based, government-mandated solution?
From the Time link you stated contained no data:The Earned Income Tax Credit (EITC)http://www.nber.org/papers/w21211We review research on the Earned Income Tax Credit (EITC), focusing on work appearing since the Hotz and Scholz (2003) review. Recent work has confirmed earlier findings that labor supply effects are positive for single mothers, smaller and negative for married mothers, and essentially nonexistent for men. Where earlier estimates indicated that all responses were on the extensive margin, some recent studies find evidence of non-zero, but small, intensive margin effects. We also review research on the incidence of the credit, suggesting that employers capture some of the program benefits through lower wages; on the large impact of the program on poverty rates and on children’s outcomes; and on families’ apparent preferences for lump-sum refunds over smaller payments distributed throughout the year. We present new evidence regarding the accuracy of EITC imputations in the Current Population Survey. We discuss proposals for reform, including a more generous childless credit, and argue that the EITC may be complementary to the minimum wage, rather than an alternative. ------------Much more detail in the full report. I recommend reading it.
Marked for later reply.Will be busy. Ping me if I haven’t answered in 60 days.Qazulight
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