If a store gets a 900k tax deduction it would be because the local government is raking in more than that from taxes collected from employees and goods. Government didn't put Walmart on the map, their customers did.
I don't get the boner you lefties have with Walmart anyway. GM got our money and hasn't payed it all back yet, last I checked. Where's the outrage?
Those tax payer subsidies to Walmart are not loans. They are public assistance programs that Walmart workers need to make up for low wages.
It isn't just Walmart, it is the big box stores that have taken over. In the '50's and '60's America was a hotbed of small local businesses. It was diverse, truly entrepreneurial and there was actual local owners you knew by name, were part of the community and had a stake in the success or failure of the local economy.
We all understand the pitfalls of absentee owners when it comes to housing, but you folks on the right are blind to those pitfalls in business.
For people who claim Adam Smith as an icon, you certainly don't have any idea what he said.
I'm all for trimming down entitlements but your theory that it's just for Walmart is demonstrably wrong. I said nothing about Adam smith, are you hearing voices? I did say that American shoppers made Walmart what it is. Same with all successful companies. I like the mom and pop stores too but a government that controls the economy will be far worse than any Walmart. I can shop elsewhere, I can't select a different government.
I am not for trimming down entitlements for citizens, I am all for trimming down entitlements for corporations that manifest in the form of corporate welfare and cost externalization.
You didn't say anything about Adam Smith, and you don't demonstrate any knowledge of what Adam Smith said.
I am quite sure I might as well be talking in a foreign language when these topics are brought up.
You can babble anywhere anytime, not my problem. I am pro business, I don't need your permission or Smith's, Tom, Dick or Harry. You are a cultist with someone you need to lead you. Conservatives do not base their fiscal philosophies on what someone else thinks, get it Einstein?
I said numerous times I'm against the GM croney capitalist union bailout. GE is another with their hands deep in government pockets as well as the green energy scam companies. Walmart is paying more than it collects from government, you don't know what you're talking about, you simply babble what you've been trained to think.
You're kidding - right?
Walmart's Washington DC lobbyists have stacked the deck against the American taxpayer then-----then games the system in every conceivable way and-----and, BTW when BFGRN said every Walmart store in the country is costing the American taxpayer $900K, s/he was being (LOL) conservative.
One major way Walmart and other multinationals skirt tax obligations, ATF
[Americans for Tax Fairness] explains, is to funnel the money to an overseas location where it can be subject to “a gaping loophole known as
‘deferral.’ ” The ability to park assets in other countries “gives corporations great incentive to earn profits offshore (
or make it look like they are earned offshore)—often by moving jobs overseas.”
ATF estimates that through its globalized business structure,
“Walmart is avoiding paying U.S. taxes on $21.4 billion in offshore profits.” And its reach overseas is expanding, with investment in new operations in Africa, Asia and Latin America.
While Walmart’s tax avoidance drains the government’s revenue streams, an even more convenient source of “savings” for Walmart operates on the retail level, through the pockets of consumers and workers who rely on taxpayer-funded federal welfare programs. Many of the associates, warehouse laborers and other low-wage workers in Walmart’s massive production chain depend on federal programs like Medicaid and food stamp subsidies to make ends meet. According to a 2013 congressional research report, “a single 300-employee Walmart Supercenter may cost taxpayers anywhere from $904,542 to nearly $1.75 million per year.”
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