Corporations Profit From $75 Billion Tax Payer Funded Food Stamps Program

reply to post by tothetenthpower


With respect, I think we are reading this wrong. The food stamp program boosts demand side, at street level. Because of the highly liquid nature of the program, and because that money is spent reliably -- at street level -- each month, it becomes a reliable driver of economic activity at the local and regional level, which in turn benefits every single other job that any of us do, at a far greater rate than we are taxed. That's the theory anyway.

I don't like seeing Corporations like Morgan / Chase profit 75 billion from it either, mainly because most of that isn't going to their employees, where it would be "useful" on the demand side. Rather -- a large majority is going overseas, and the rest into investment portfolios where its utility is far lower.