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Study: Gov't Profits More From Wal-Mart Sales Than Wal-Mart Does
Investor's Business Daily ^ | 12/3/2014 | Kerry Jackson

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 ...


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: biggovernment; pimpmyblog; taxes; walmart
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1 posted on 12/03/2014 1:17:41 PM PST by IBD editorial writer
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To: IBD editorial writer

They also profit more on gas than the oil companies do, but liberals don’t like to hear that either.


2 posted on 12/03/2014 1:21:55 PM PST by Rusty0604
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To: Rusty0604

I was going to make the exact same comment.


3 posted on 12/03/2014 1:22:59 PM PST by kaehurowing
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To: IBD editorial writer

“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....


4 posted on 12/03/2014 1:24:32 PM PST by zzwhale
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To: IBD editorial writer
Don't believe it. WalMart is making Billions off the taxpayers via EBT.

Walmart Is One Of The Biggest Beneficiaries Of Food Stamps

In fact, when EBT took a very minor cut, WalMart execs went nuts.

5 posted on 12/03/2014 1:26:34 PM PST by SkyPilot ("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
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To: SkyPilot

This country is so screwed.


6 posted on 12/03/2014 1:29:24 PM PST by Uncle Miltie ('The HERO of the (0bamacare) story is Mitt Romney' - "Stupid" Jonathan Gruber)
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To: IBD editorial writer

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?


7 posted on 12/03/2014 1:32:42 PM PST by PGR88
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To: kaehurowing; Rusty0604

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.


8 posted on 12/03/2014 1:33:08 PM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: SkyPilot

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.


9 posted on 12/03/2014 1:34:36 PM PST by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: PGR88

18%

http://online.wsj.com/articles/SB10001424052702303843104579168011245171266

Lower than their 24% market share


10 posted on 12/03/2014 1:36:33 PM PST by nascarnation (Impeach, Convict, Deport)
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To: IBD editorial writer

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.


11 posted on 12/03/2014 1:38:16 PM PST by zeestephen
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To: SkyPilot

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


12 posted on 12/03/2014 1:42:59 PM PST by nascarnation (Impeach, Convict, Deport)
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To: SkyPilot

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.


13 posted on 12/03/2014 1:46:57 PM PST by Nevadan
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To: Rusty0604

they also make more money from cigarettes than the tobacco company. Greedy little basturds.


14 posted on 12/03/2014 1:59:12 PM PST by goat granny
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To: Rusty0604

They also profit more on a pack of cigarettes.


15 posted on 12/03/2014 2:06:16 PM PST by Blood of Tyrants (Good Muslims, like good Nazis or good liberals, are terrible human beings.)
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To: Nevadan

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.


16 posted on 12/03/2014 2:09:42 PM PST by nascarnation (Impeach, Convict, Deport)
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To: Nevadan

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.


17 posted on 12/03/2014 2:13:38 PM PST by HotHunt
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To: SkyPilot

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.


18 posted on 12/03/2014 2:20:37 PM PST by eyeamok
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To: eyeamok

See my post at #16. Tell your state legislators to change to the month long payout system.


19 posted on 12/03/2014 2:22:58 PM PST by nascarnation (Impeach, Convict, Deport)
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To: Nevadan

“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.


20 posted on 12/03/2014 2:32:51 PM PST by WhiskeyX
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