in the last decade Wal Mart saved America $600 billion with low prices that they could use to stimulate other businesses and the economy. Making us rich is progress!!
Not even close to true.
Walmart cost taxpayers over $1B in Medicaid and food stamps for their workers last year alone. Furthermore, those same workers don't earn enough to pay federal income tax, while Walmart booked their biggest profits in history. If Walmartt paid each of those workers just $100 a week more, they would not qualify for entitlements, and they'd be paying income tax. Walmart would still book a healthy profit for their investors and everyone would win.
In addition, Walmart pressures suppliers to manufacture offshore in order to reduce prices. So not only are Walmarts' employees so poorly paid they don't pay federal income taxes, but workers who lose their jobs because of Walmarts aggressive price cutting are no longer paying taxes either, nor are the stores and businesses which close because of Walmarts agressive competetive practices.
It could reasonably be argued that in lost tax revenues, payouts for entitlements food stampd and Medicaid for Walmart employees, lost taxes from businesses closed and jobs lost through "cratering" of business districts, and forcing similar employment practices across all big-box stores, Walmart COST the US economy far more than they purportedly save American shoppers.
Eddy, you're still picking up the peanuts while being trampled by the elephants, but you're still too dumb to see it. Walmart cost every taxpayer in America $2600 last year, just in entitlement spending. The lost taxes, the lost jobs, the lost business districts, that's your bonus with purchase Eddie.
There's right and there's wrong, Eddie. Greed and avarice are wrong. One of the seven deadly sins even. A buddy of mine had a great concept called "enlightened self interest", also know as "doing well by doing good".
Enlightened self interest says "If I sell my goods at a fair price, pay my workers well, and take a fair profit, my workers will take their wages and spend them in the community, and people who live and work here will have money to feed their families, and our entire community can prosper". And that's how it works - we all rise together.
But Walmart comes in and cuts prices lower than everybody else, and pays its workers the least about possible so they can't support their families without government assistance. They don't have extra money to spend in the community, and since community stores can't compete with Walmart's prices, many of the stores are closed and fewer people have money to spend. Pretty soon there are no other stores, and prices go back up to normal because there is no competition to drive out of business any more.
Unemployment is high and people are grateful to Walmart for providing jobs, but the downtown is a ghost town, and lots of people are out of work, and those who are working don't have a lot of disposable income for restaurants and movies, and other entertainment, so some of those places are closing too.
In town after town, this is what happened after Walmart moved in. It happened so often that the term "cratering" was invented for it. But you keep telling us that it's a good thing that small town business districts are disappearing, or that the majority of Walmart's 1.4 million employees don't pay income tax. Tell us how much Walmart is doing for America because from where I sit, it looks like a vampire corporation to me.