The Wal-Mart Problem

[Kitsune]

Well, this is interesting: Maryland has passed a law that requires large companies to spend 8% of its payroll to cover the insurance cost for their employees.

Foreign business owners laugh at the suckers we taxpayers have become. They also laugh at the wimpy politicians we elect, who fail to protect citizens from these scams to the nation's detriment.

...and yet...

The moral of the legislation would seem to be: "Do not become a successful business in the USA. The unions will hold your arms while the states pound you into submission.

I find the legislation amusing, since I'm currently bracing myself for the trend of the next five years: large companies completely discontinuing insurance coverage. What will happen when people that get paid a decent living wage are forced to pay out of pocket for their families?

"The savings will be passed on to the consumer!" Yay!