So you either don't subsidize anyone, or subsidize them all (which is the same as not subsidizing anyone).
Nah, but some subsidies (including tax breaks) only hide problems, not fix them. Oil companies, bankers, retailers and the likes don't need convincing to carry on making ridiculous profits. Subsidies shouldn't go to those already on sure bets, they should go to those taking the risky steps towards the net big thing that will prop up the economy or that have a definite public benefit.
BTW, why is everyone so hating walmart?
Just a convenient example. Big name everyone recognises and most know the dirty tricks they get up to. If say the average worker can afford to top up Walmart's employees wages as is currently the case then the Walton's and shareholders can well afford it. Instead they expect taxpayers to pick up the slack while at the same time avoiding their own personal taxes. So you're paying for them to get richer 10% faster than they would paying their fair share...
It's not everyone, go to the their stores, they are full of shoppers that appreciate the reasonable prices.
Add all those hidden costs to the sticker price would you, and would they be so much cheaper? Discount retailers here like Aldi manage to pay their employees much more than ASDA-Walmart do and still have lower prices than ASDA without the hidden cost of tax credits for their employees.
If you can't afford to pay your employees a living wage then you're not a viable business. If your employees are having to rely on the state to top up their earnings then that's big government keeping what should be a failed business afloat, by redistributing your wealth to the shareholders.
Where I’m going with this is if you start raising pay for low skill labour everything goes up everybodys dollar doesn’t go as far as it used to including the Walmart employees dollar.
You're already paying those higher wages for Walmart so they don't have to. Same effect on the overall economy.
A 10 dollar walmart special will now be 30 dollars.
Is the CostCo one 3 times the price already?
Again just using Walmart as an example.