TomPaine.com - Wal-Mart's Tax On Us
"Wal-Mart, the Alpha Dog of discount stores, has also become the Alpha Hog at the public trough.
The phenomenal growth of the world's largest corporation has been supported by taxpayers in many states through economic development subsidies. A Wal-Mart official once stated that the company seeks subsidies in about a third of its stores, suggesting that more than 1,100 of its U.S. stores are subsidized. A national survey by Good Jobs First in 2004 looked at 160 stores and all of the company's distribution centers—and found that more than 90 percent of them have been subsidized. Altogether, 244 subsidized facilities in 35 states received taxpayer deals of more than $1 billion..."
Well, isn't that special. The Waltons are individually listed every year as at least 5 of the 10 richest people in the world on Forbes' list, but we also pay them about what it would cost to build 1000 schools.
Link
The phenomenal growth of the world's largest corporation has been supported by taxpayers in many states through economic development subsidies. A Wal-Mart official once stated that the company seeks subsidies in about a third of its stores, suggesting that more than 1,100 of its U.S. stores are subsidized. A national survey by Good Jobs First in 2004 looked at 160 stores and all of the company's distribution centers—and found that more than 90 percent of them have been subsidized. Altogether, 244 subsidized facilities in 35 states received taxpayer deals of more than $1 billion..."
Well, isn't that special. The Waltons are individually listed every year as at least 5 of the 10 richest people in the world on Forbes' list, but we also pay them about what it would cost to build 1000 schools.
Link
posted by Saintperle at
7:11 PM
