Why does Bernie Sanders want to stop Americans from working and shopping at Walmart?

By Amanda Snell and Patrick Tyrrell | The Daily Signal

Sen. Bernie Sanders is back again, with yet another attempt to indirectly mandate the $15 an hour minimum wage.

It’s called the Stop WALMART Act, or Stop Welfare for Any Large Monopoly Amassing Revenue from Taxpayers Act. It would affect large (500-plus employees) companies, and among other things would prohibit them from buying back stock unless they pay employees at least $15 an hour.

Taking to Twitter, Sanders, I-Vt., attacked the Walton family specifically.

Walmart is an obvious target for the democratic socialist: The company’s total revenue in 2018 was a cool $500 billion, and it employs more than 1.5 millionpeople in the U.S. alone.

Socialists like Sanders are eager to portray big corporations as the epitome of capitalism’s evil, but in reality, companies like Walmart do a lot of good for regular Americans.

Walmart reported in 2016 that a staggering 140 million Americans visited Walmart—in store or online—every week. Clearly, the American consumer values Walmart greatly as a resource for maintaining and improving their standard of living.

In 2007, research showed that Americans save $2,500 each year due to “the effect of Walmart on the total economy.” For American consumers as a whole, that amounts to about $287 billion of savings per year.

To fully understand the scope of this savings, consider that the entire gross domestic product of Finland in 2017 was only $259 billion.

Furthermore, after the passing of the Tax Cuts and Jobs Bill Act (which Sanders voted against), Walmart actually raised wages on its own.

As Mark Ryski, CEO of HeadCount Corp., said recently in Forbes:

It’s not the government’s place to legislate how companies invest their profits. While the drive to improve benefits and wages for hourly workers is laudable, ultimately labor market competition is the biggest driver of wages and benefits.

With unemployment rates at historic lows, Walmart and other major retailers will need to (and many have) increase wages and benefits to retain and attract employees.

Lower taxes enable companies to reinvest profits back into them—and their employees. By providing bonuses, increased starting wages for hourly workers, and expanding leave benefits, Walmart showed the value of lower corporate taxes to its workers.

Additionally, reports by Walmart state that more than 75 percent of salaried store management personnel were originally “hourly associates,” 230,000 Walmart employees were promoted in 2018 alone, and the company also offers “education benefits for college credit, GED, language training, and professional development.”

There’s no doubt that Walmart’s growth advances its interest as a corporation and profits for its shareholders, but it also provides employment and savings for millions of American consumers.

The interests of producers and consumers should not be considered mutually exclusive.

Government overreach into corporate decisions—where to locate stores, how to organize supply chains, how much to pay employees (entry level to CEO), or when to buy back stock—ignores the expertise of industry officials and the preferences of consumers as revealed in a competitive market.

Whether they have experience or not, government officials have no business being involved in such decisions.

Image courtesy of U.S. Senate
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7 thoughts on “Why does Bernie Sanders want to stop Americans from working and shopping at Walmart?

  1. Yup, Bernie ” SoapBox ” Sanders …….on his high horse again trying to convince people that he
    is still relevant, what a buffoon.

    So Socialist Sanders believes that if a company that has made a profit, should be mandated to
    pay everyone $15 per hour ……if you deserve it or not, smells of socialism to me!

    Maybe Sanders could sell a couple of his homes and use the profit to help the downtrodden but
    wait Bernie want to keep what he has and wants others to give what they have …..Hypocrite !!

    Hey, Bernie there no such thing as a free lunch someone one’s paying for it. You and you’re Free,
    Free, Free or Take, Take, rhetoric…………….Shameless fool !!

  2. It’s obvious, The Bern is running for Prez again. To get the attention of shepople, you raise such issues “damn the huge greedy corporations”. Bern knows how to make money, he discovered this previously. How do you think a “poor” Senator can afford 3 properties one on an island in Lake Champlain. Also he’s back in the national limelight. His mug remains everywhere on TV shows (all Liberal) and they lap it up. He a master manipulator, a Goebbels’s disciple. Interesting to see Socialism at work.

  3. Perhaps if Walmart and Amazon could find it within their hard corporate hearts to include Bernie in their Xmas gift giving, he’d forgive their trespasses and move on to more pressing matters like squeezing MicroSoft, Bershire Hathaway or Apple.

  4. He’ll rant and rave about anything to get attention. That’s all that do nothing buffoon knows how to do and people but into his crap. What has he ever done to help Vermonters or this nation?
    Stir the pot. That’s Bernie

  5. Because he is a Marxist nanny state proponent who is Anti capitalism ,which is Anti American. Come to think of it those are very good reasons why he shouldn’t be a representative of the people of Vermont.

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