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Resolved Question: Do you agree that Wal mart wants the people to pay their taxes do you agree with these statements against WM?
Wal-Mart's Business Plan "Let the American taxpayer fund our expenses" Wal-Mart is the second coming of the 1920 Robber Barons Wal-Mart Is The Ultimate Predator It has destroyed 100,000 small businesses, is breaking the union movement, has shipped massive amounts of jobs overseas, and has the news media in it's pocket. They are a version of the Pullman Company, but much more dangerous. Wal-Mart's Lives On It's Facade The image of "Sam Walton was just a good old boy" and "Wal-Mart is just a warehouse" is total propaganda. Wal-Mart is peddling the same nonsense the Bolsheviks/Communists used in talking the Russians into destroying their country. Wal-Mart wants you to believe that the company's efficiency, and size, are responsible for the low prices, but that is total BS. Wal-Mart's price advantage Third World Countries This girl makes $1.20 an hour. She replaced a Tennessee housewife that made $14.40 an hour, plus health insurance benefits. The housewife paid taxes which paid for local schools. You may be buying a $25 item for $20, but it is slowly wrecking your economy, and eventually you will be paying full price. Nike shoes pulled the identical scam, when it gave you $22 sneakers for $12, but as soon as they bankrupted their competitors, you were paying full price. A Look At Wal-Mart's Costs Wal-Mart does $260 billion in annual sales, and $180 billion of it is the cost of merchandise, and the rest is land, buildings, advertising, etc. Wal-Mart employs a staff of attorneys and accountants, whose sole function is to shift expenses to the Federal, State and local governments aka the tax payer. States pick up health insurance, unemployment taxes, real estate taxes, electrical, bond financing,etc. They will negotiate a special fee from their electric power supplier, and guess who picks up the tab. Outsourcing To The Third World Is A Giant Swindle Income Taxes Most of Wal-Mart's $180 billion in merchandise is not made in America. 60% is from out of the country. Their suppliers may be in America, but the merchandise, or major components, are made offshore. Not only does a supplier get cheaper labor, but there are income tax considerations and lax accounting practices. When you trans-ship a product through a 'No income tax country', you inflate the bill and pay less income tax in the US. The trans-shipping swindle Made in China Inc Tax Made in America Inc Tax Pair of sneakers' cost $ 6.00 Pair of sneakers' cost $25.00 Sold to Cayman Corp $40.00 Sold to US Store $50.00 $3.50 Sold to an US store $50.00 Sold to customer $75.00 $1.50 Sold to customer $75.00 $1.50 ======= ======= $1.50 $5.00 Their Federal Income tax on the sneakers is $1.50 instead of $5.00. Nike, which could be considered to be a "baby Wal-Mart", with it's Chinese factories, should show a profit of $9 billion on sales of $13 billion, but strangely it only shows a profit of $1.5 billion. China not only provides cheap prices, but enormous opportunities for scamming thanks to trans-shipping and no accounting regulations. The Consumer Swindle When the pair of sneakers leave China, it costs $4.00, but once it enters the 'Sea of Trans-Shipping', and the 'Land of Mystery Expenses', the cost skyrockets to $50.00. Employee Taxes Chinese worker American worker Base Wage $ 1.20 Base Wage $14.60 = $ 30,300 F.I.C.A. $ .91 = $ 1,800 Medicare $ .18 = $ 363 Fed Unemployment tax $ .73 = $ 350 State Unemployment tax $ .92 = $ 800 Paid Vacation $ $ 1,680 State Income tax $ 1,500 Health Ins $ $ 8,000 Annual cost $ 2,500 Annual cost $ 42,000 By outsourcing the production to China, you have avoided $5,250 in taxes that pay for schools, unemployment, Social Security, Medicare and public services. Typical Mayor Typical incentives Wal-Mart gets States and political hacks prostrate themselves to get Wal-Mart stores in their areas. They will forego 10 years of state income taxes, five years of property taxes, build the infrastructure (roads and power). Why will local politicians go along? A super center can cost $20,000,000, and the average skim is 10%. Whose family owns the land Wal-Mart builds on? You have the general contractor who hires favored subcontractors, and there is lots of room for ghost employees and service contracts. There is the always the next election. The same newspapers, that overlook Wal-Mart's predatory practices, can quickly destroy a political career. Governors Agree...... "What's good for Wal-Mart is good for my state". Wal-M more
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