Jun 4, 2013

It's A Wonderment


From a bit in Forbes, by the leftie-ish Rick Ungar:
With Medicaid eligibility about to be expanded in some 30 states, as a result of the Affordable Care Act, Wal-Mart has responded by cutting employee hours—and thereby wages—even further in order to push more of their workers into state Medicaid programs and increase Wal-Mart profits. Good news for Wal-Mart shareholders and senior management earning the big bucks—not so good for the taxpayers who will now be expected to contribute even larger amounts of money to subsidize Wal-Mart’s burgeoning profits.
But, at long last and in a move gaining popularity around the nation, the State of California is attempting to say ‘enough’ to Wal-Mart and the other large retailers who are looking to the taxpayers to take on the responsibility for the company’s employees—a responsibility Wal-Mart has long refused to accept.
It’s about time.
--and--
Of course, the California Retailers Association, where Wal-Mart Stores WMT +1.14%, Inc. is listed as a board member company, is not quite so pleased with the legislation. According to Bill Dombrowski, chief executive of the Association, ”It’s one of the worst job-killer bills I’ve seen in my 20 years in Sacramento, and that says a lot. The unions are fixated on Wal-Mart, but that’s not the issue here. It’s a monster project to implement the Affordable Care Act, and having this thrown on top is not helpful.”
One wonders if we will ever see the day when Americans will stop falling for the hostage-taking narrative consistently put forward by those whose job it is to defend the indefensible. At the first suggestion of finally putting a chink in Wal-Mart’s policy of profiting at the taxpayers’ expense—a practice that should have every American thinking about what passes for free-enterprise in the United States today—the response is to always threaten to take away jobs if we dare to challenge their business practices, even if those practices cost us billions.
I'm not a regular visitor to their site, so I don't know how often they do this kinda thing, but seeing this under the flagship Forbes brand seems odd to me.  It feels encouraging tho', especially considering that Ungar is staking out what has traditionally been the conservative position when we approach the issue of government involvement in private business.

When Wal-Mart practically owns local and state politicians; when they dominate the retail sector of any portion of any economy; and as a result they get to use the power of government to enforce their business plan - isn't that almost exactly the kind of overly-powerful relationship we're all supposed to be against?

Be sure to browse the comments too - Ungar goes toe-to-toe with some of the more rabid knee-jerkers. 

No comments:

Post a Comment