I think we should give Pepsico credit for making an effort, and a little time to find a better solution. Palm oil came into wide use when we all realized that trans fats were so unhealthy. Everybody made the switch so quickly that I bet people still think their snack foods still have the trans fats. Nope. It's all palm oil now. With such a huge market switching all at once, the demand for palm oil skyrocketed. All of a sudden there were fortunes to be made from the stuff. We have to become a world that doesn't jump so quickly on financial opportunities, and instead jumps quickly to opportunities for justice, ecology, and peace. Short of that, I think Pepsico is on the right track.
The real evil, in my eyes, is Walmart. Are you aware that the Walton family, owner of controlling interest in the company, has more income than the lowest 40% of Americans?! That's 128,800,000 people. I'm not sure if the 40% is based on the family income of $7 billion or the company profits, so let's just use the bigger number for argument's sake. Walmart made $15 billion last year after taxes. Do the math -- if 128 million Americans made a total of $15 billion, they received $117 each all year. Did you have any idea the numbers were that dramatically different? Of course, this takes into account that 50 million Americans live with little or no income, while the next 78 million earn enough to keep them off food stamps, but not enough to ever escape debt and poverty.
The thing that makes me so crazy is that Walmart employs so many people at or near minimum wage, and purposely keeps them in a part-time status so as not to have to pay for benefits. That means all those employees are dependent on government programs to make ends meet. Walmart's average pay is around $20,000, under the poverty line of $22,000. Walmart employs 1.5 million people, and that average includes the millions that go to executives like CEO, who makes around $6 million.
Here's my thought -- every publicly-funded program that provides support for a Walmart employee should be allowed to collect that amount (plus administrative costs) from Walmart. Never mind adding any fine for their immoral business practices. This would relieve the burden on our public assistance programs and put a small dent in the massive income the Walton clan receives. It would reduce the company's tax liability somewhat, so it wouldn't be a total loss for them.
Short of a complete financial revolution the likes of which Bernie Sanders dreams, I think this carry-through of financial responsibility could make it through Congress and take the Walmart-created burden off the government and poor people in our country. I will happily continue to boycott Walmart until some equitable solution is reached.
Compared to Walmart, Pespico is just fine in my book.