Why do the wealthy benefit from welfare?

Question

Why do the wealthy benefit from welfare?

In: Economics

Answer 1

Here’s another WalMart example…the Obama administration cut SNAP (food stamps) funding in it’s 6th or 7th annual budget. Walmart and it’s lobbyists got pissed and threw a tempertantrum because a very large portion of their profits (about 18 percent) rely on/are generated from food stamps. It’s projected that over the past decade, the Walton’s have made about 12 billion from people collecting this one category of “welfare”.