After filing your taxes, think about where your tax dollars are going. They're going to multi billionaires. This is an abomination.
Its April 15th, the day your income taxes are due and WMT and the billionaire Walton's are standing their with their hand out to take your tax dollars from you. Is that who's store you want to shop at so they can take even more of your money? Ever wonder why they spend so much money on lobbying? Its to keep the legalized stealing of your money, legal. I was brought up to believe that stealing was wrong but that very wealthy people stealing from the common man was even worse than wrong. Show them you won't stand for it anymore by shopping at other stores. Let the diseased fungus WMT die by taking your business who acts like they care about America and its people.
Your lack of understanding about how our government works is astounding. There are a very limited number of things that a president can do by presidential order and altering tax policy is not one of them. That has to go through congress. We learned that in school about the sixth grade. Doesn't say much for where you attended school or else your lack of learning ability.
I hope you won't shop there. Anybody who investigates and sees the damage this company is doing to our country and our jobs would never step foot in one. The only question one has to ask themselves is, Do I Want The Tax Dollars I Pay To Go To Multi Billionaires So they Have Even More Money.
Walmart on Tax Day:
How Taxpayers Subsidize America’s
Biggest Employer and Richest Family
On tax day, when millions of American taxpayers and small businesses pay their fair share to
support critical public services and the economy, they will also get stuck with a multi-billion
dollar tax bill to cover the massive subsidies and tax breaks that benefit the country’s largest
employer and richest family.
Walmart is the largest private employer in the United States, with 1.4 million employees. The
company, which is number one on the Fortune 500 in 2013 and number two on the Global
500, had $16 billion in profits last year on revenues of $473 billion. The Walton family, which
owns more than 50 percent of Walmart shares, reaps billions in annual dividends from the
company. The six Walton heirs are the wealthiest family in America, with a net worth of
$148.8 billion. Collectively, these six Waltons have more wealth than 49 million American
This report finds that the American public is providing enormous tax breaks and tax subsidies
to Walmart and the Walton family, further boosting corporate profits and the family’s already
massive wealth at everyone else’s expense. Specifically, our analysis shows that:
Walmart and the Walton family receive tax breaks and taxpayer subsidies estimated at more
than $7.8 billion a year – that is enough money to hire 105,000 new public school teachers
The annual subsidies and tax breaks to Walmart and the Waltons include the following:
• Walmart receives an estimated $6.2 billion annually in mostly federal taxpayer subsidies.
The reason: Walmart pays its employees so little that many of them rely on food
stamps, healthcare and other taxpayer-funded programs.
• Walmart avoids an estimated $1 billion in federal taxes each year. The reason: Walmart
uses tax breaks and loopholes, including a strategy known as accelerated depreciation
that allows it to write off capital investments considerably faster than the assets actually
• The Waltons avoid an estimated $607 million in federal taxes on their Walmart dividends.
The reason: income from investments is taxed at a much lower tax rate than
income from salaries and wages.
In addition to the $7.8 billion in annual subsidies and tax breaks, the Walton family is avoiding
an estimated $3 billion in taxes by using specialized trusts to dodge estate taxes – and
this number could increase by tens of billions of dollars.
Walmart also benefits significantly from taxpayer-funded public assistance programs that
pump up the retailer’s sales. For example, Walmart had an estimated $13.5 billion in food
ALDI Honored with Retailer of the Year and Product of the Year Wins
Aldi won the award for Private lael-Store Brands 2014 retailer of the year
Product of the year in the Kid's snacks category for it SimplyNature Squeezable Fruit Blends
Didn't see any awards for WalMart. I guess they don't have awards for pink slime and fox meat.
Poor management like WalMart has can't see anything that isn't right under their nose. All poor management can see is that if we pay our workers 5.00 more per hour, there are x amount of hours worked at each store per week on average and it will cost us x dollars more to pay 5.00 more per hour. They don't understand how much happy, well paid workers mean to a company and how much damage a poorly paid unhappy worker can do to a company. They aren't smart enough to figure out that in the long run, a well paid, well trained and experienced work force will be very beneficial to the bottom line of a company because you can't quantify it on paper until after the effect has manifested itself. That's why they desperately need someone who understands this to run this company. Putting nothing but butt lickers in the decision making positions will lead to an eventual death of the company.
The debate over wages is getting increasingly intense lately, and companies such as Wal-Mart (NYSE: WMT ) and McDonald's (NYSE: MCD ) are attracting plenty of attention and criticism because of the insufficient salaries they pay to employees.
While the ethical dimension of the discussion is clearly very important, there are also some essential business lessons to be learned. Competitors such as Costco (NASDAQ: COST ) and Chipotle Mexican Grill (NYSE: CMG ) are proving that paying higher salaries can sometimes be a superior strategy in terms of maximizing financial performance.
Wal-Mart and McDonald's: Living on welfare
In its latest earnings report, Wal-Mart admits that "changes in the amount of payments made under the Supplemental Nutrition Assistance Plan and other public assistance plans" is one of the risks factors that could potentially hurt the company's business.
This is no big surprise considering that Wal-Mart has always been known for its low prices, particularly targeting low-income workers and the unemployed. But the irony of the matter is that Wal-Mart employees are among the company's main customers and many of them receive public assistance because of the insufficient wages paid by the retailer.
According to several reports, Wal-Mart employees may be the largest group of Medicaid and food-stamp recipients in the U.S. The same goes for workers at fast-food chains: one study reported that 52% of families of workers in the industry are enrolled in at least one public-assistance program, and industry giant McDonald's has received a lot of criticism for advising employees to enroll in assistance programs as a way to make ends meet financially.
The low wages paid by corporations like Wal-Mart and McDonald's can raise a lot of questions from multiple perspectives. Are taxpayers subsidizing the profits and dividends paid by these companies because of the economic costs of welfare? Should companies be allowed to pay these kinds of salaries or does the minimum wage need to be raised?
Costco and Chipotle: The other way
Maybe paying the lowest possible wages is not the best strategy from a business perspective. Employees are not just a source of expenses on the income statement; they are also a crucial resource for companies when it comes to generating growth and competing in the increasingly dynamic global environment.
Like Wal-Mart, Costco is in the business of discount retail, so the company needs to keep its costs at bay if it's going to provide competitively low prices for its customers. Costco saves as much money as possible in areas like marketing and store decoration, among others, but the company understands the importance of attracting and retaining a talented workforce.
A 2005 article in The New York Times called Costco "The Anti-Wal-Mart," explaining how the company has chosen a completely different path when it comes to salaries and other human-resources policies. Costco pays considerably better salaries than Wal-Mart, and the company provides superior benefits and opportunities for professional growth.
In the article, Costco co-founder Jim Sinegal explained that higher productivity, better customer service, and lower employee turnover rates provide an advantage for Costco versus the competition: "This is not altruistic. This is good business."
Costco has materially outperformed Wal-Mart and its Sam's Club division over the last years. There is a wide variety of factors to consider when evaluating this difference in performance that cannot be attributed to human-resource policies alone. But the fact that Costco is generating superior results while paying decent salaries and providing better conditions for workers may indicate that minimizing remuneration as much as possible is not necessarily the best way to create value for shareholders.
Chipotle Mexican Grill is not the typical fast-food chain: The company's "food with integrity" philosophy means special care to ethical and sustainability standards. This doesn't apply only to food and ingredients, but also to the company's relationship with its employees.
Chipotle pays better salaries than competing fast-food chains, and the company is also far more generous when it comes to benefits such as health-care insurance, 401(k) participation, and bonuses. Importantly, this high-growth company offers superior opportunities for learning and promotion, so worker incentives are clearly more encouraging at Chipotle.
A typical meal at Chipotle costs a few bucks more than at McDonald's, but this is no impediment for the company when it comes to gaining market share versus the competition. While sales at Chipotle Mexican Grill jumped by a spicy 20.7% during the fourth quarter of 2013, McDonald's is struggling with declining same-store sales in the U.S.
There is much more to Chipotle's success than its human-resources policies, but the company provides another example on the importance of having a smart and holistic approach to salaries and employee benefits. Investing in human resources can sometimes be a very profitable decision in terms of long term shareholder returns.
There is a lot to be said about the low wages paid by many big U.S. corporations such as Wal-Mart and McDonalds, and the ethical implications and economic consequences of these policies are a subject of much debate. Equally as important, from a business perspective, is how other companies like Costco and Chipotle Mexican Grill seem to be demonstrating that paying higher salaries and providing better conditions for employees can be a more intelligent strategy to generate superior returns for shareholders.
Bobby Jindal comes out with his own plan to do away with Obamacare and replace it with his plan. Only problem is it would increase health care costs in this country and throw millions off the rolls of the insured. Republicans are so desperate that they're making themselves look like big boobs. Maybe Jindal should worry about Louisiana where he's governor and almost 900,000 or one out of every five Louisianaites are without health insurance. The one thing he does have going for him is that the rate of uninsured is lower than its neighbor, Texas, which leads the nation with the highest percentage of uninsured. Its being said that Jindal's health care plan is so laughable that it had to be thrown together in the one day since Obamacare exceeded expectations and there was no time to put any thought into it. 2016 should be a laugh a minute watching the GOP candidates.
That is great news. The republicans are fit to be tied and desperate. Even after they did everything they could to destroy Obamacare and hurt the people of this country, its still a huge success. Some of the southern states even things to hurt the people of their state terribly. I should feel sorry for those people but then I realize that its their own fault because they voted these people into office. Maybe they will now wake up and put people in office that will represent them. If not, I see no hope for them.
Lets not forget about this one
4 Walmart employees fired after disarming gunman caught shoplifting
By Andrew Adams
February 9th, 2011 @ 10:00pm
Layton Police Incident Report
Walmart Investigation and Detention of Shoplifters Policy
LAYTON -- The shoplifter smashed Gabriel Stewart up against a wall. It didn't take him long to realize that pressure against his lower back was from a loaded gun held by a desperate man who didn't want to go to jail.
The gunman had a firm grip on Stewart's shoulder, telling him and three of his Walmart co-workers, "Don't make me do this."
"Absolutely, time stopped," Stewart told KSL News. "I didn't know what to do."
Instantly, Shawn Ray and Justin Richins kicked into gear, spinning the gunman around. Lori Poulsen ripped the gun away and secured it. They all held onto the man until police arrived minutes later.
The four Layton Walmart employees felt it was mission accomplished. Police officers told them they had done everything right.
But a week later, all four were fired from their jobs. Walmart said their actions had violated company policy and put their fellow workers and shoppers at risk.
LINDEN, Mich. — A man whom Wal-Mart fired for aiding an assault victim in the store's parking lot rejected the store's offer to return to his job.
Kristopher Oswald, 30, of Linden, Mich., said Thursday that Bentonville, Ark.-based Wal-Mart has been "unwilling to compromise" in negotiating his return to his job, which he lost Oct. 15 after assisting a woman two days earlier who had screamed for help in the store parking lot.
Have they been fired yet? WalMart has fired people in the past for doing things like this. At least someone appreciates their bravery.
Wal-Mart workers who disarmed Brandon Daniel honored for bravery
By Associated Press
Updated: Wednesday, March 26, 2014, 6:27 pm
Published: Wednesday, March 26, 2014, 11:12 am
Phillip Beaty and Michael Hernandez Jr.
PITTSBURGH (AP) — Two Wal-Mart workers who disarmed and subdued a suspect after the fatal shooting of an Austin police officer are among 22 people honored with medals and cash awards from the Carnegie Hero Fund Commission.
Five of those honored Wednesday died in the process so their families will receive the awards.
Wal-Mart employees Lincoln LeMere and Archie Jordy were honored less than a month after the man they subdued, Brandon Daniel, was sentenced to death for killing Officer Jaime Padron on April 6, 2012, in Austin.
Don't worry about it. We don't expect you to know the difference. After all, you're not even smart enough to come up with your own name and had to try and clone somebody else. We understand that intelligence is not your strong suit. Seems to be a common thread with low paid WalMart pumpers.
Its not hard to find negative things about this company. You have to admit that posting those stories beats making up lies and posting them like you do with no supporting documents because there are no supporting documents for lies.
This company cares nothing about people. It seems that if they could save even one penny at the cost of one of their workers needlessly dying they would go for the penny. This company makes me sick to my stomach. They are in no way representative of the country I grew up in.
It doesn't include any online retailers including Amazon. They can't beat Amazon's prices. Also, would you trust WMT to tell you the right price from their competitors? I know I wouldn't
The last three standing all had picked George Washington to beat Memphis and when Memphis won there was no one left standing. They said the odds of anyone winning was approximately one in 9.2 quintillion. I never heard of quintillion so I looked it up. A quintillion is one billion billion or a one with 18 zeros behind it so multiply that by 9.2 and you have the chances of winning. In other words its basically impossible. I would have thought the odds would be a lot lower than that but I'm sure Warren Buffett had the actuaries at his insurance company figure out what the odds were. They're still not releasing the numbers on how many people entered. Buffett had said that they expected approximately 32 to survive until the round of sixteen but nobody expected that there would be as many upsets as there have been.
Quite a few stocks like that. Its because its options expiration day. The shisters have to move a stock where they want it so they can cheat options holders out of money. It will be back to normal next week and the price will go back to the range where it was earlier in the week.