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Question: Do you agree that Wal mart wants the people to pay their taxes do you agree with these statements against WM?
Wal-Mart’s Business Plan
“Let the American taxpayer fund our expenses”
Wal-Mart is the second coming of the 1920 Robber Barons
Wal-Mart Is The Ultimate Predator
It has destroyed 100,000 small businesses, is breaking the union movement, has shipped massive amounts of jobs overseas, and has the news media in it’s pocket. They are a version of the Pullman Company, but much more dangerous.
Wal-Mart’s Lives On It’s Facade
The image of “Sam Walton was just a good old boy” and “Wal-Mart is just a warehouse” is total propaganda. Wal-Mart is peddling the same nonsense the Bolsheviks/Communists used in talking the Russians into destroying their country. Wal-Mart wants you to believe that the company’s efficiency, and size, are responsible for the low prices, but that is total BS.
Wal-Mart’s price advantage
Third World Countries
This girl makes .20 an hour. She replaced a Tennessee housewife that made .40 an hour, plus health insurance benefits. The housewife paid taxes which paid for local schools.
You may be buying a item for , but it is slowly wrecking your economy, and eventually you will be paying full price. Nike shoes pulled the identical scam, when it gave you sneakers for , but as soon as they bankrupted their competitors, you were paying full price.
A Look At Wal-Mart’s Costs
Wal-Mart does 0 billion in annual sales, and 0 billion of it is the cost of merchandise, and the rest is land, buildings, advertising, etc. Wal-Mart employs a staff of attorneys and accountants, whose sole function is to shift expenses to the Federal, State and local governments aka the tax payer. States pick up health insurance, unemployment taxes, real estate taxes, electrical, bond financing,etc.
They will negotiate a special fee from their electric power supplier, and guess who picks up the tab.
Outsourcing To The Third World Is A Giant Swindle
Income Taxes
Most of Wal-Mart’s 0 billion in merchandise is not made in America. 60% is from out of the country. Their suppliers may be in America, but the merchandise, or major components, are made offshore. Not only does a supplier get cheaper labor, but there are income tax considerations and lax accounting practices. When you trans-ship a product through a ‘No income tax country’, you inflate the bill and pay less income tax in the US.
The trans-shipping swindle
Made in China Inc Tax
Made in America Inc Tax
Pair of sneakers’ cost $ 6.00 Pair of sneakers’ cost .00
Sold to Cayman Corp .00 Sold to US Store .00 .50
Sold to an US store .00
Sold to customer .00 .50
Sold to customer .00 .50
======= =======
.50 .00
Their Federal Income tax on the sneakers is .50 instead of .00.
Nike, which could be considered to be a “baby Wal-Mart”, with it’s Chinese factories, should show a profit of billion on sales of billion, but strangely it only shows a profit of .5 billion. China not only provides cheap prices, but enormous opportunities for scamming thanks to trans-shipping and no accounting regulations.
The Consumer Swindle
When the pair of sneakers leave China, it costs .00, but once it enters the ‘Sea of Trans-Shipping’, and the ‘Land of Mystery Expenses’, the cost skyrockets to .00.
Employee Taxes
Chinese worker
American worker
Base Wage $ 1.20 Base Wage .60 = $ 30,300
F.I.C.A. $ .91 = $ 1,800
Medicare $ .18 = $ 363
Fed Unemployment tax $ .73 = $ 350
State Unemployment tax $ .92 = $ 800
Paid Vacation $ $ 1,680
State Income tax $ 1,500
Health Ins $ $ 8,000
Annual cost $ 2,500 Annual cost $ 42,000
By outsourcing the production to China, you have avoided ,250 in taxes that pay for schools, unemployment, Social Security, Medicare and public services.
Typical Mayor
Typical incentives Wal-Mart gets
States and political hacks prostrate themselves to get Wal-Mart stores in their areas. They will forego 10 years of state income taxes, five years of property taxes, build the infrastructure (roads and power).
Why will local politicians go along?
A super center can cost ,000,000, and the average skim is 10%. Whose family owns the land Wal-Mart builds on? You have the general contractor who hires favored subcontractors, and there is lots of room for ghost employees and service contracts. There is the always the next election. The same newspapers, that overlook Wal-Mart’s predatory practices, can quickly destroy a political career.
Governors Agree…… “What’s good for Wal-Mart is good for my state”.
Wal-M
The pictures have nothing to do with the content!!
The answer in the following:
Answer by Just Curious
This is the first I have read of this – this is very interesting!
Answer by Tom Z
No, I don’t agree.
I also don’t agree with a rant thinly disguised as a question.
Answer by Monty S
and did you mention that there anti-union (if you are in a union like the teamsters ,then don’t bother filling out a job app you wont get hired ).
Add your own answer in the comments!
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