You pay for it: Starbucks could profit millions from hiring 10,000 refugees
[RedAlertPolitics] Democrats’ hyper-narrative to call President Trump’s temporary travel restriction as a comprehensive Muslim ban has sent shockwaves through public opinion. Starbucks Coffee has decided to jump right on in and claim their moral superiority in order to posture themselves against President Trump.
The retail chairman and CEO, Howard Schultz, informed Starbucks and the public in a letter, stating:
[W]e are doubling down on this commitment by working with our equity market employees as well as joint venture and licensed market partners in a concerted effort to welcome and seek opportunities for those fleeing war, violence, persecution and discrimination. There are more than 65 million citizens of the world recognized as refugees by the United Nations, and we are developing plans to hire 10,000 of them over five years in the 75 countries around the world where Starbucks does business. So they are going to provide jobs out there for refugees so that they don't try to come here, and they won't need to be supported by the state providing refuge? That's at least a triple win right there at no cost to American taxpayers -- well done, Starbucks! | Sounds compassionate, right? The one pertinent aspect they are conveniently leaving out is that Starbucks stands to make millions of dollars by specifically hiring refugees.
The United States Department of Labor offers (non-profit and for profit) businesses a tax credit for every adult refugee they hire.
...within the borders of the U.S., surely. Why would the US Dept. of Labour incentivize refugee employment by American companies overseas? | The Work Opportunity Tax Credit (WOTC) is an incentive program funded by the American taxpayer.
The tax credit could be worth up to $2,400 per individual. So, if Starbucks plans to hire 10,000 people over the next five years, they have the opportunity to make upwards of $20 million in additional profit.
The purchase of that flat-white or caramel macchiato won’t seem the same after realizing how much someone is actually paying for it.
Even though Trump supporters are calling for a boycott, the tax credit will fill the gap of lost profits.
Instead of prioritizing the 45 million U.S. citizens living in poverty, Starbucks has decided to politicize a business venture that will benefit them more than the people they are claiming to assist.
Something is wrong here. How can serving coffee to customers in Lebanon or Saudi Arabia impact employment in Kentucky? |
Posted by: Blossom Unains5562 2017-01-31 |