And why do we measure the progress of economies by GDP? GDP simply the sum total of annual value of all goods and services transacted in a country. It rises not only when life get better and economies progress, but also when bad things happened to people or to the environment. Higher alcohol, sales more driving under the influence more accidents, more emergency room, admissions more injuries, more people in jail — GDP goes up.
"On tax day, when millions of American taxpayers and small businesses pay their fair share to support critical public services and the economy, they will also get stuck with a multi-billion dollar tax bill to cover the massive subsidies and tax breaks that benefit the country's largest employer and richest family": Walmart and the Walton family. Walmart's low-wage workers cost U.S. taxpayers an estimated $6.2 billion in public assistance including food stamps, Medicaid and subsidized housing, according to this report, published to coincide with Tax Day, April 15. Americans for Tax Fairness, a coalition of 400 national and state-level progressive groups, made this estimate using data from a 2013 study by Democratic Staff of the U.S. Committee on Education and the Workforce. "The study estimated the cost to Wisconsin’s taxpayers of Walmart’s low wages and benefits, which often force workers to rely on various public assistance programs." The report finds that a single Walmart...
In the 1980s, tobacco giants Philip Morris and R.J. Reynolds acquired the major food companies: • Kraft • Nabisco • General Foods Allowing tobacco firms to dominate US’s food supply and make BILLIONS from Oreo cookies, Kraft Macaroni & Cheese, and Lunchables.
Is tech your thing? Four of the Magnificent Seven—Microsoft, Meta, Amazon, and Apple—will drop their reports throughout the week. More into value meals and people spelling your name wrong? Check out McDonald’s on Monday and Starbucks on Tuesday. Are troubled airplanes what get you out of bed in the morning? Boeing’s earnings are coming Wednesday. A fossil fuel enthusiast? Exxon and Chevron will cap the week on Friday.
