Reagan's 'Welfare Queen' FOUND!
by Thom Hartmann | December 4, 2012 - 10:07am
Good news everyone, after more than thirty years of searching by the news media, Ronald Reagan’s infamous “Welfare Queen” has finally been found. She lives in Bentonville, Arkansas.
We now realize our mistake. In our search for this “Welfare Queen,” we were looking for actual people when we should have been looking for corporate people. We should have been looking at Wal-Mart.
Wal-Mart is the largest private employer and brought in more revenue in 2011 than any other company in the nation. Wal-Mart pocketed a not-too-shabby $16.4 billion in profits that same year and the six Wal-Mart heirs, the Walton family, own roughly $100 billion in wealth, which is more than 40% of Americans combined.
But, despite making all of this money, Wal-Mart’s business model hinges on mooching from the government. It hinges on being the biggest “Welfare Queen” in the United States.