so while your attention was elsewhere not seriously
way in the last three weeks now we have been all pay no attention to this
a so-called budget standoff for you know the
good the government shutting down all is gonna stuff what we haven't
been talking about is this new model
love capitalism which has taken hold of America as a consequence of reaganomics
now
the pay is two things apropos love that the first is
Ted Cruz some
somebody asked him what what did you get out of this budget you know shutting
down the government he said
we saw for small millions of people millions and millions of American people
rising up across this country over two million people signing a national
petition to defund Obamacare
neither is he harvested two million email addresses
he also took in seven hundred ninety seven thousand dollars in contributions
Ted Cruz as a result of this
shutting down the government and the
heritage action finder the Heritage Foundation's pack
they took in three hundred and thirty thousand dollars so far
and with that two million email addresses they'll be able to go back
every month and say hey about another 10 bucks
and dollars in two million people if all up gave ten box and some will give 20
and some will give nothing so it let's say that they all gave on average ten
dollars
is someone give two hundred and someone you no min maybe
a 10,001+ will give nothing ten dollars a person two million addresses as 20
million bucks a month
the Ted Cruz could be bringing in as a result of having shut down our
government so he should he shuts down the government
and meanwhile 2000
$62 million 33 civilian employees
were laid off is a people who like
you know man the food shops around the National Park sir people whose business
depends on
tourism around statue Liberty that kinda thing 880 3,390 to actual government
employees got laid off
206 million dollars worth of supplemental food assistance to women
infant and
hit women infant and children in severe need is the desperately poor
and a high-risk children 206 million dollars worth of food
was not given to them over the last two and a half weeks
two million two billion 982 million dollars in unpaid sours
so that's what happened but this new model a capitalism
thing I really work really wanted a refund this was
invented in large part I would submit to you
by Walmart and the companies that were following the Walmart model I i turn off
Walmart invented it but they stay certainly have perfected
and we used to think this was just a Walmart problem and here's here's how
the business model works
we will do business in a way
they will make a profit for us but it will also generate some costs
but the public will pay for those costs
so
tax dollars will pay for the costs they're created by our
doing business the way that we do and we get to keep all the profits
now to the best to my knowledge there is not a good name for this kinda
capitalism
which is a real shame because
this is the new American capital model
now it's been going on for a long long time you know you've heard a million
times say you know the the mission a business is it internalize profits ext
externalize costs
keep the profits in the company but the costs on the people
and you go all the way back to John rockefellers well wells in Ohio in the
1880s
standard oil in New Jersey in the 1890s
I'm it to this day the Koch brothers refining oil in in michigan and and
Chicago and
a refining the no tar sands crude in and having any companies huge piles
above love waste that when the wind blows
just good downwind and a largely poor african-american communities in
pollute the air they keep the profit we get the trash
but the way to Walmart it was wall are keeps the profit
and they pay their employees so little that their employees are literally
impoverished
they'd literally are living below blower at or near to the poverty line
and as a consequence their employees are eligible for food stamps and housing
assistance
and heating assistance in the winter and Medicare
for medicaid rather
and so we our pain we are subsidizing their employees they pay their employees
seven eight nine dollars an hour
it's not enough to live on you really need you know ten eleven twelve dollars
an hour to live on
went well dollars hours with the minimum wage was in 1968
and back in sixty eight most the people working for the minimum wage were
were young people just entering the job market
so to make up that difference between the nine dollars an hour that they're
paid in the twelve or thirteen or fourteen or fifteen dollars an hour that
it actually costs to live
people getting benefits my government
which means you entire subsidize in the workers at Walmart and we've seen where
you know one study was done the show the just one Walmart store
basically sucked up about a million dollars a year in benefits
for it some for its employees so every Walmart stores costing us the taxpayers
say million dollars a year well here comes as new study
it's just amazing this is the University California Berkeley center for labor
research and education
ken Jacobs is the the spokes guy for this
and he says that the wages america's fast food chains are so low
as just the fast food industry and that I'll Walmart anymore
this is I wanna pointing out is that this is spreading this form of
love love the ban Pyare capitalism
right and the and then they have their fangs into the bloodstream
love We the People into into into our tax dollars
america's fast food chains are pain so little to their employees that their
employees
used and I know they look to the years 2007 through 2011 so this is a four-year
study
good solid study 7 billion
dollars a year
the UN ir pain in taxes that gets shifted to the workers are these fast
food restaurants
they said the 10 chains this national employment
Law Project found the 10 chains with two and a half
to a quarter million workers is about us sixty percent
up the no benefit business model like all those
just these 10 change this is mcdonald's Yum Brands which is Pizza Hut Taco Bell
KFC
I subway Burger King Wendy's Dunkin Donuts Dairy Queen Little Caesars sonic
dominoes it just those ten companies
have to have million workers
they their workers took three point eight billion dollars in benefits public
benefits we subsidize those companies those ten companies to the tune a 3.8
billion dollars
the executives at those companies
made more than 53 million dollars in compensation
and 7.7 billion dollars was paid
in dividends and buybacks their shareholders
so they show a seven and a half billion dollar profit
and we kickin 3na 3.8 billion dollars
so that their employees can stay alive in come to work every day
this doesn't even count the other you know I've I've always talked about you
know the way that the cost to providing a workforce where people can actually
spell and read and write and hadn't run an adding machine in
you know I get a public roads that they can drive to work on
all these things these corporations should be pain for that they by and
large
you typically not is a figure out these tax dodge schemes
sex avoidance schemes before they can they come into town they say I our world
will create jobs here but I give us at ten years no taxes are gonna some
freelance or something like that
do you have an idea for a name for this kinda capitalism
I'm China name it and I and II need me
this is the Thom Hartmann program so vampire capitalism is when I started but
there's gotta be stated this kid gonna be a better
any will be back with your thoughts on this sticker