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Biggest welfare queen on the planet?
No, it's not some unwed mother in Biloxi, Mississippi...
Or even some third world nation. It's the retail giant Wal-Mart... http://money.msn.com/now/post.aspx?p...5-23416977b75e Their low wage jobs are costing every taxpayer mucho deniro. To the tune of $1.7 million a year per super center. I wonder if their hiring process includes a welfare application in the packet with the job application.:nope::stare: They have done something positive though. Like hiring folks on their last legs. Then they take out dead peasant life insurance policies on them that names Wal-Mart the sole beneficiary. http://www.wvbusinesslitigationblog....-class-action/ I bet poor Sam is wallowing in his grave while his kids are trying to push Uncle Sam in there with him. |
Not to mention the corporate welfare breaks Walmart gets. Houston practically bent over backwards to get Walmart to place on of their stores near downtown.
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Yep, those life insurance policies are big money makers. |
I don't shop Walmart.
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And I call BS (Biased Study). Upon reading the whole article it seems that the 'Democratic staff of the U.S. House Committee on Education and the Workforce' is guessing.
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Well Steve, I can share your sentiments but, Wal-Mart doesn't staff their stores with 100% full time employees. I doubt that it's even 75%. Which leaves the part timers in need of social assistance.
Full time staff = benefit expenses for the corporation. I think things were much better when Sam was at the helm. He would only purchase and sell 100% American made goods at a bulk price. Now, they don't give a rat's patootie where it comes from. It's ok if you like bulk goods from China. Cheap and disposable. Do you really believe they stopped that COLI crap because it's in an article on the internet? Do you believe they can't put untrue facts on the internet? Wanna buy a bridge?:03: |
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Yep, the Nalley's chili I buy was certainly made in China. The trash can I bought yesterday may be.
As I said, do you read the label on everything you buy? What brand of phone do you use? Every single product you buy? Do you or anyone in your family have a PS3? "May be made in Japan, Korea, Malaysia or China." None of them were made in America. I can see the hostility towards Wal*Mart if you treat every other place exactly the same. But this wasn't about products made in China, it was about employees unable to make ends meet. This is true of a great many establishments. Do you boycott them all? Do you advocate raising the minimum wage? How high? To me this has always looked like a classic trendy "hate of the week". |
I think that the larger negative impact that Wal-Mart and other chain stores is on locally owned business.They suck many local business dry in a small town or city the presence of a "super" Wal-Mart or Target or what have you can completely change the traffic pattern meaning that locally owned stores and restaurants can get forced out of business because they are not located in the new high traffic area.
Another nail in the coffin for locally owned bushiness can be rising costs of renting or leasing a location as other stores fail the property owners tend to raise the price to make up the difference. Buying American is a nice notion(when the product is of good quality which is not always the case)but it becomes increasingly difficult especially with low cost items such as generic clothing (though much of the high end stuff is made under similar conditions overseas) another issue is that companies want to make maximum profits in order to please share holders.Most any item from a TV to a toilet is going to cost less if made in a third would country which means more profits which means happy share holders which means happy fat cats. I do not think that you can find a pair of underwear or socks that is low in cost that is produced in the USA.And the USA label can be a ruse as well some items are made in Saipan which is an unincorporated Territory of the US.The workers though are from Taiwan or China. The larger underlying problem is that it costs less no matter how you cut it to produce something overseas.We have become (as a collective whole) in the US,Canada,Western Europe,Japan and Australia mass consumers we want a cheap item right away this is an addiction that is not easily cured. Look at how many idiots line up for those black Friday sales need I say more?To not be of this crowd makes you an ever increasing minority indeed not to say that you must assimilate. Wal-Mart is also especially persons on low or fixed incomes the lowest cost place to purchase food. |
Corporate America is rolling in money, but they're many signs the good times could be coming to an end again. Corporations have cut wages, benefits, about everything to increase profits, but because of that, Americans can't buy their goods like before. Eventually this tactic will backfire in a big way.
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The good times never end for the fat cats it is rigged so that they always come out ahead.Something similar to the Khmer Rouges Year Zero would be the only thing that would change that and something like that is never going to happen in the US. Look at the past 100 years of US history the song always remains the same the fat cats always remain fat numerous recessions and depressions have occurred since the turn of the 20th century(1900-1999) yet nothing really changes.Sure laws and regulations may change yet bad times still occur.Of course not every recession is completely unavoidable. |
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