cshenk wrote:
> Carizozo wrote in rec.food.cooking:
>
>> John Kuthe wrote:
>>> I would rather starve than eat anything from a MalWart!!
>>
>>
>>
>> http://fee.org/freeman/wal-mart-is-g...r-the-economy/
>>
>> Wal-Mart and Small Communities
>>
>> The claim that Wal-Mart “disregards the concerns of small
>> communities” is also contradicted by the evidence. If Wal-Mart’s
>> stores were not in tune with the concerns of shoppers in small
>> communities, the stores wouldn’t make a profit and would eventually
>> shut down. If Wal-Mart’s stores were not in tune with the concerns of
>> job seekers in those communities, the stores wouldn’t be able to
>> staff their operations. The concerns that Wal-Mart rightly disregards
>> are those of local businesses that would prefer not to have to deal
>> with new competition. The absence of rigorous competition leads to
>> high prices in many small communities. While this may be good for the
>> profit margins of established businesses, it is not necessarily a
>> condition to be preferred over the benefits for the majority of the
>> inhabitants of the community that result from robust competition.
>>
>> Wal-Mart runs the largest corporate cash-giving foundation in
>> America. In 2004 Wal-Mart donated over $170 million. More than 90
>> percent of these donations went to charities in the communities
>> served by Wal-Mart stores.7
>>
>> From an economic perspective, when all the claims are dispassionately
>> evaluated it looks like Wal-Mart promotes prosperity. The company is
>> helping consumers get more for their money. It is providing jobs for
>> willing employees. It is stimulating its suppliers to achieve greater
>> economies in manufacturing. It is encouraging trade with
>> less-developed economies, helping the inhabitants of Third World
>> nations to improve their standards of living. Far from “disregarding
>> the concerns of small communities,” Wal-Mart offers an appealing
>> place to shop and work.
>>
>> Wal-Mart is doing all these good things and making a profit of around
>> $9 billion a year.This is a profit margin of less than 4
>> percent.That’s mighty efficient. To call Wal-Mart a “corporate
>> criminal” is slander. Wal-Mart is a model of how successful
>> capitalism is supposed to work. It is a company that should be
>> emulated, not reviled.
>>
>> http://business.time.com/2012/06/04/...ts-of-walmart-
>> coming-to-town/
>>
>> Homeowners, local chambers of commerce, and town planners alike all
>> have some assumptions about Walmart. It’s often assumed that when a
>> new Walmart opens in town, it’ll kill small businesses and may even
>> hurt the local real estate market. But researchers say the effects of
>> Walmart on a surrounding town are sometimes surprising: The numbers
>> indicate that the presence of the big-box retailer may actually be
>> good for home values and some small businesses—though not so good for
>> waistlines.
>>
>> In a new paper published by the National Bureau of Economic Research,
>> Devin Pope and Jaren Pope, economists from the University of Chicago
>> and Brigham Young University, respectively, investigated what the
>> introduction of a Walmart store did to nearby home values in
>> communities around the U.S. After analyzing 600,000 home purchases
>> between 2001 and 2006 in the vicinity of 159 new Walmarts, they found
>> that homes located within half a mile of the Walmart rose in value 2%
>> to 3% more relative to homes that weren’t close to the mammoth
>> retailer. Homes located between .5-mile and one mile from Walmart
>> also saw a boost in value, though it tended to be slightly smaller,
>> with prices increasing 1% to 2%.
>>
>> But the study also revealed that many other businesses were given a
>> boost by the presence of Walmart. A CBS News story about the research
>> noted:
>>
>> Those selling products and, especially, services that Walmart doesn’t
>> will tend to do well. Again, because shoppers arrive near Walmart
>> ready to spend, they tend to leave their money with whomever nearby
>> is selling what they want. Researchers noted that over time—often, a
>> LONG period of time—the storefronts shuttered as a result of an
>> inability to compete with Walmart tend to eventually be occupied by
>> restaurants, boutique retailers, professional offices, and other
>> services and businesses that do not try to compete with Walmart.
>
> Want to check on how much tax they pay vs normal places?
Sure.
First define "normal places".
The read the facts.
Wal Mart pays beaucoup taxes:
http://www.usatoday.com/story/money/...taxes/1991313/
These are the companies paying the most in taxes:
5. Wal-Mart
• Income tax expense: $7.98 billion
• Earnings before taxes: $25.74 billion
• Revenue: $469.16 billion
• 1-year share price change: 21.87%
• Industry: Supermarkets
Wal-Mart Stores (WMT) is the largest company in the United States and
the largest employer. Unlike some of the other companies on the highest
taxpayer list, particularly the banks and oil companies, Wal-Mart is
relatively young, founded in 1962. Since that time, expansion has
outpaced traditional American retailers, such as Sears, Kmart and J.C.
Penney, each of which has struggled as Wal-Mart has expanded. Wal-Mart's
annual tax payment has been above $7 billion in each of its past five
fiscal years. Wal-Mart's size has become something of a disadvantage
because it is hard for the retailer to grow much faster than the economy
in general. Recently, the company's U.S. same-store sales were up only
2.2% In a recent conversation with the media, Charles Holley Jr.,
Wal-Mart's chief financial officer, said "I don't think the economy's
helping us."