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Judd Legum @JuddLegum
, 6 tweets, 3 min read Read on Twitter
1. Can we talk about these new Walmart bonuses? Because it's important.

It sounds amazing: The nation's largest employer is giving all its employees up to $1K!

Let's dig deeper
2. First, you have to work at WalMart 20 YEARS to be eligible for the full 1K. The average bonus will be about $190.
3. Second, you have to put it in perspective.

The total value of the corporate tax cut is at least $18 billion over 10 years. (Likely a lot more.)

The value of these bonuses is $400 million. Walmart is giving it's workers just 2.2% of the tax cut.
4. And remember these corporate tax cuts are permanent. Part of the purpose of these bonuses is to increase public support for a very unpopular tax plan so Walmart can make billions more in perpetuity
5. Overall, we seen headlines from over 50 companies doling out bonuses to employees. But the value of these bonuses is just 0.13% of the value of the tax cut over 10 years.

6. If the purpose of this tax cut was to give workers a one time bonus, for the same cost, we could have given every WalMart worker $8500!

Instead we gave $18 billion to Walmart and they gave each employee an average of $180
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