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Wal Mart has no right to demand to examine my property any more than I have the right to demand to see what's in the receipt checker's wallet or purse. And you're right, they can bar me from entry if that's the prerogative. But many of the receipt checkers will tell you that you can't leave the store until they've checked the receipt, which is BS.
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Walmart has the right to ask for (demand) anything they want to ask. Likewise, you have the right to deny them.
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I'm not sure why you think this is being aloof...If I've given them no indication that I've stolen something and should have my purchases examined, why then should they examine my purchases to make sure I haven't stolen something or been passed items by an unscrupulous cashier?
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Because, at WORST it's mildly inconvienient (even though I've never even slightly inconvienienced) and by helping insure the integrity of their processes (as well as helping to deter shoplifters to some extent) you assist them in keeping their margins up so prices can stay down, which also helps their customers, which, as I'm sure you've noticed, include the quite poor.
All I can do is see it from my perspective. Asking me to check my just purchases bags and receipt doesn't bother me at all - I understand why. Now, if they asked me to turn my pockets inside-out, that would be a different story altogether.
I am also forced to wonder - do you get offended when a cashier asks for your ID when using a check or credit card?