wolfdancer
09-09-2006, 09:31 AM
that is Wal-Mart
Is Wal-Mart a boon to the communities where they are located?
The Democratic Staff of the Committee on Education and the Workforce, estimates that one 200-person Wal-Mart store may result in a cost to taxpayers of $4220,750 per year-about $2,103 per employee inpublic assistance, including Section 8
housing vouchers, reduced-cost lunches for dependent children, health care programs, and tax credits for the working poor.
One study identifies 244 Wal-Mart stores and distributing centers in 35 states that have received state and local development subsidies totaling just more then $1 billion. your tax money going for corporate welfare.
Another study of one small town found that big box retail generates a net annual deficit to the city of minus $468 per 1,000 square feet, while specialty retail (locally owned) produces a a net annual return of plus $326 per 1,000 square feet.
An Iowa study found that 84 percent of all sales at the new Wal-Mart stores came at the expense of existing businesses within the same county. Only 16 percent of sales came from outside the county, refuting the notion that Wal-Mart can act as a magnet drawing customers from a wide area and benefiting other businesses in town. There are many othe studies, nicely summarized at www.newrules.org/retail/walmartstudies.html (http://www.newrules.org/retail/walmartstudies.html)
The study doesn't take into account that because Wal-Mart imports most of their goods...many manufacturing jobs and businesses here suffer as well.
Sharp-eyed right wingers will notice two major flaws in the study:
First....the study was done by a Democratic group, and obviously biased, as the Dems are noted for being anti- big business.
Secondly....the entitlemant programs, secion 8 vouchers, cheap lunches, health care, and tax cuts for the poor were voted in by the Democrats themselves....talk about passing the buck.
Get rid of these, and the cost to taxpayers for subsidizing
Wal-Mart is reduced substantially.
Is Wal-Mart a boon to the communities where they are located?
The Democratic Staff of the Committee on Education and the Workforce, estimates that one 200-person Wal-Mart store may result in a cost to taxpayers of $4220,750 per year-about $2,103 per employee inpublic assistance, including Section 8
housing vouchers, reduced-cost lunches for dependent children, health care programs, and tax credits for the working poor.
One study identifies 244 Wal-Mart stores and distributing centers in 35 states that have received state and local development subsidies totaling just more then $1 billion. your tax money going for corporate welfare.
Another study of one small town found that big box retail generates a net annual deficit to the city of minus $468 per 1,000 square feet, while specialty retail (locally owned) produces a a net annual return of plus $326 per 1,000 square feet.
An Iowa study found that 84 percent of all sales at the new Wal-Mart stores came at the expense of existing businesses within the same county. Only 16 percent of sales came from outside the county, refuting the notion that Wal-Mart can act as a magnet drawing customers from a wide area and benefiting other businesses in town. There are many othe studies, nicely summarized at www.newrules.org/retail/walmartstudies.html (http://www.newrules.org/retail/walmartstudies.html)
The study doesn't take into account that because Wal-Mart imports most of their goods...many manufacturing jobs and businesses here suffer as well.
Sharp-eyed right wingers will notice two major flaws in the study:
First....the study was done by a Democratic group, and obviously biased, as the Dems are noted for being anti- big business.
Secondly....the entitlemant programs, secion 8 vouchers, cheap lunches, health care, and tax cuts for the poor were voted in by the Democrats themselves....talk about passing the buck.
Get rid of these, and the cost to taxpayers for subsidizing
Wal-Mart is reduced substantially.