Taxpayer Treat

Artificial entity (corporation) ‘s spokesperson puts on a bright face.

“Walmart wants to be a part of the solution.”

Words say one thing - deeds and donations say another.

Another schizophrenic corporation - lacking a moral compass or anything approaching morals.

What was the net net; Nick will like this - he’s an accountant.  The gross profit after cost of goods sold, and expenses (people) mitigated by offsets (welfare, local community “reinvestment” through the government etc.).

22 billion in profit if walmart never opened another store.

And this is for Walstreet.

Demand - DEMAND - dividends - and stop playing the growth game.

47.31? today. 

54 with dividens and 22 with bad press.

P.S. - I own nor have shorted no stock - I work there and live it.

Walmart as a logistical utility.

And dividend play.

On a utilitarian basis (logistics).

Or it truly is.

The biggest Kmart you ever saw with a bugger up its’ nose.

The net results of this ridiculous and unconstitutional law will be one or more of the following:

1. Wal-Mart, Target and other employers will institute an across the board $3/hr wage cut.

2. Wal-Mart, Target and other employers will either totally part-time help or totally full-time help, either eliminating full-time work or eliminating jobs.

3. Wal-Mart will have no motivation to spend billions on health care so it will eliminate health insurance coverage.

4. Wal-Mart, Target and other employers will fire workers and shut their stores. This would be my move if I was in charge.

How will these employees be better off if their employers leave? They will be out of work and have nowhere to shop. I want to see some politician justify this.

If unionized steel companies can dump their contractual “legacy” costs on taxpayers, why can’t companies like Wal-Mart do the same? With thousands of unemployed workers, I think it’s safe to say that the cost to the taxpayer would be even greater than it would have been if these people were working.

Just my thoughts.

To comment on Number 3. WM never has had any real motivation to pay any health care benefit. What they provide is strictly window dressing.

As for Number 1 and 4 I’ll comment on them together. Wage cuts and closing doors. There are I’m pretty sure plenty of places on Long Island for people to shop. And they have plenty of money. Many of them having made it big in New York moving out to Suffolk and Nassau counties. It’s a rich area. Admittedly it’s been a long time since I’ve been in that neck of the woods but I do remember all kinds of fancy european sports car dealerships and things of that nature that I’ve never seen anywhere else at least not in that quantity or quality for an area of that size. They’d be about the last people in NY State I’d be worrying about as far as their futures are concerned.

Just wait till the court cases. If walmart wants to fight this stupid law, all they have to do is take it to the courts and it will be declared unconstitutional. No problem..Walmart has the time and will be around alot longer then these idiots who voted for this proposal...or the unions that was pushing these idiots to vote for this proposal…

“Wal-Mart, Target and other employers will fire workers and shut their stores.”

This sounds like China or the old Soviet Union, not the United States. This smacks of reprisal or retaliation. If Wal-Mart did this then they will likely be viewed as a “temper tantrum” and hurt their image further.

steve in Bedford,Pa
states:
“If walmart wants to fight this stupid law, all they have to do is take it to the courts and it will be declared unconstitutional. No problem..Walmart has the time and will be around alot longer then these idiots who voted for this proposal.”

Yeah Steve, you an dall your Pro-Walmart buddies really stand up for the American way. you can all join together and screw the democratic will of the people and pander to the corporate special interests.

Correct me if I’m wrong Steve---when it comes to law I’m pretty much a layman but this declaring of unconstitutionality seems a little trickier than you make it out. Consider Suffolk County can appeal and appeal and appeal just like WM does when a decision doens’t go its way. They can appeal possibly all the way to the Supreme Court and that’s a process which will take years to reach a final decision. Consider the legal expenses especially if Suffolk County is running its legal fees just on cost.

Yes, I’ve changed my location. I will now use the above location because I usually take an Ayn Rand view of economic policy. So I want to be sure that everyone knows where I’m coming from (at least those who have read “Atlas Shrugged").

Larry, Suffolk County could not afford to fight Wal-Mart all the way to the Supreme Court. Wal-Mart would not be alone in this fight. They would have the support of all the other companies affected by this. Do you really think its’ constitutional to give special consideration to one company or the other? If it is illegal for companies to get together and set prices, it should be illegal for organizations (unions) to get together and set costs (their prices). Is their really a difference between ExxonMobil, ConocoPhillips and ChevronTexaco setting prices and the UFCW, the Teamsters and the SIU workers setting wage and benefit rates? I’m sure someone can make the distinction; I don’t see it.

I think that what will happen if this case moves forward is that Wal-Mart and other affected companies will cancel all expansion plans. If it continues to move forward, they will close their stores and leave. Who cares about reputation if you are out of business? The residents of this county can fend for themselves, with higher prices and thousands of unemployed people relying on taxpayers for every single expense.

Really, Wal-Mart should be thought of in terms of a cost/benefit ratio. Wal-Mart for a FACT contributes BILLIONS more per year to the nation than they receive. Wal-Mart employees earning $17,500 per year are earning $17,500 more than they would if they were not working at all. If they were so qualified that they would have no trouble getting better pay elsewhere in the event of mass store closings, why aren’t they already working elsewhere? You have to figure the costs of how much it would cost taxpayers to have 5,000 unemployed workers vs. 5,000 workers earning $17,500 per year plus benefits. If you look at it in that way, Wal-Mart is a huge contributor.

Of course, politicians don’t understand economics or even simple math. So I don’t expect the morons of Suffolk County to make a logical decision.

Why just retailers? Why not every company that pays low wages and doesn’t have top of the line insurance? What about the gas station/convienient stores? Taxi companies? What about the even lower paid food service workers?

And this isn’t just Walmart that is going to be effected it’s also Target, Kmart, most small mall retailers, and lest we forget the mom and pop stores that WW folks keep complaining about walmart closing down. If suffolk county is so rich then why do they have a walmart located there? Lets face it walmart is not known for going to the rich places they locate in areas they are NEEDED, they bring affordable prices to low income areas with high unemployment. So if Suffolk county is as well off as you would like us to believe then why do they need to rip off the county retailers? Gee if I’m not mistaken then it is the poor people that are getting the free state medical coverage and if Suffolk county is all richy and rolling in the dough then they don’t need to provide state sponsored medical services, so why tax the retailers? Your arguement makes no sense larry in elmira, ny

Lori,
I agree why doesn’t every person working for every business in the US have excellent health care? There is no reason why the wealthiest country in the world couldn’t afford it.

JT
Actually I was referring more to the tax not healthcare, but the fact is everyone could have affordable health care if it weren’t for the greedy lawyers filing phoney lawsuits to make a buck.

I personally think your attack on Walmart is totally unwarranted.  As a senior citizen I love shopping Walmart.  I shopped Kroger and the prices were so high.  After switching to Walmart, I have saved a lot of money.  I guess you guys want to get into Walmart so you can bankrupt it like Delphi and the airlines.

I have not seen one piece of evidence that shows that Wal-Mart forces people to either shop or work for them.  If employees are unhappy with either their wages or benefits, I am sure that Wal-Mart will not stop them from moving on to a higher wage and benefit job.  And, as far as the shoppers go, they can shop where they want, can’t they?  And, if they do, how would that place be put out of business by Wal-Mart?

I also agree that if you want to put down what you call low pay, low benefit jobs, you expand your target to include places like McDonalds and other fast food resturants, and other retail places of business, etc..