Walmart Is One Of The Biggest Beneficiaries Of Food Stamps
In fact, when EBT took a very minor cut, WalMart execs went nuts.
Posted on 12/03/2014 1:17:41 PM PST by IBD editorial writer
Here's a kick in the pants for Wal-Mart haters and lovers of big government, two groups that almost perfectly overlap.
(Excerpt) Read more at news.investors.com ...
They also profit more on gas than the oil companies do, but liberals don’t like to hear that either.
I was going to make the exact same comment.
“business does not create jobs, government does’...HITLARY CLINTOON
I guess she means the useless overpaid government make work and spend taxpayer money “JOBS”... glorified overpayed government jobs that are nothng more than glorified weLfare FOR GOVERNMENT PARASITES.... producing NOTHING OF ECONOMIC VALUE....
Walmart Is One Of The Biggest Beneficiaries Of Food Stamps
In fact, when EBT took a very minor cut, WalMart execs went nuts.
This country is so screwed.
I would love to know what percentage of Wal-Mart’s food sales are EBT/Foodstamps
probably A LOT higher than you would imagine.
Is that info available?
And not by a little. Gov’t profits from retail oil sales are perhaps 3-8 times what the oil cos make, and when this new CA cap-n-trade tax comes out, supposedly first of the year, this could go to 10-15 times what the oil companies make from a gallon of gas.
That may be true, but last I heard, 72 cents of every EBT dollar is consumed by the government; eg; only 28 cents gets to the recipients.
18%
http://online.wsj.com/articles/SB10001424052702303843104579168011245171266
Lower than their 24% market share
Why stop at just sales tax?
How about property taxes, or the business share of Social Security and Medicare, or corporate taxes, or capital gain taxes on stock value, or the double tax on profit dividends paid to stockholders?
Add up ALL tax items, then compare that percentage to a corporation’s final net profit.
18% of all food stamp dollars are spent at WM
however
24% of all US grocery expenditures are at WM
so by my reckoning they are under-represented in that segment
Yes. I concur. I wasn’t able to access the article, so maybe this issue is discussed in it. But Walmart seems to be the favorite store for those on welfare and food-stamps, at least in my city. I can testify that you don’t want to go into a local walmart in the afternoon or evening the first few days of the month when the people on the dole receive their government infusions of cash into their accounts. You can generally go in the morning before this crowd wakes up, but don’t delay or your quick shopping trip will turn into a huge waste of time as you wait for them to buy their junk foods and processed foods (primarily) at taxpayers’ expense.
they also make more money from cigarettes than the tobacco company. Greedy little basturds.
They also profit more on a pack of cigarettes.
You need to get your state legislature to change the system to pay benefits all month long by alphabetical name or SSN numerical.
That’s what they did here in Indiana.
SocSec also does it that way now.
Eliminates the rush.
I believe you are using gross generalities to disparage Walmart and it’s customers. Walmart is a favorite of my wife and I. We live in the country and travel to town 25 miles away to shop for groceries. We are both on small, fixed, retirement incomes. We shop at any time of day and any day of the week and have never noticed any difference in their service. They have everything we need for groceries and household items, their prices are low and the stores are always stocked and clean. Except for the fact that they are not unionized, which totally irritates liberals, they provide a great service to the buying community. They are a business and can conduct it in anyway they want and is legal. I don’t know what the criticism of Walmart is about and don’t really care. As long as they provide quality goods and services to their customers, we will continue to shop there. We have no complaints about Walmart.
Go to Walmart between the 1st and the 5th of every month if you want to see how many people shop with their EBT.
My Wife went on the 3rd and there were 25 people in line ALL with EBT cards, 95% of all shoppers had EBT cards that day.
See my post at #16. Tell your state legislators to change to the month long payout system.
“But Walmart seems to be the favorite store for those on welfare and food-stamps, at least in my city.”
In many relatively low income urban and rural communities all or nearly all other supermarkets in the community closed when Walmart began selling groceries. So, shoppers have no reasonable choice other than Walmart, unless they can afford the gasoline to commute to another supermarket like Krogers some 30 to 60 miles away from the community.
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