What we’re watching | Wal-Mart: The High Cost of Low Price
Here are a few facts I learned from this documentary.
WAL-MART Costs Taxpayers $1,557,000,000,00 to Support its Employees THAT’s $1.5 TRILLION a year!
* “The Democratic Staff of the Committee on Education and the Workforce estimates that one 200-person Wal-Mart store may result in a cost to federal taxpayers of $420,750 per year – about $2,103 per employee. Specifically, the low wages result in the following additional public costs being passed along to taxpayers:
o $36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families.
o $42,000 a year for Section 8 housing assistance, assuming 3 percent of the store employees qualify for such assistance, at $6,700 per family.
o $125,000 a year for federal tax credits and deductions for low-income families, assuming 50 employees are heads of household with a child and 50 are married with two children.
o $100,000 a year for the additional Title I expenses, assuming 50 Wal-Mart families qualify with an average of 2 children.
o $108,000 a year for the additional federal health care costs of moving into state children’s health insurance programs (S-CHIP), assuming 30 employees with an average of two children qualify.
o $9,750 a year for the additional costs for low income energy assistance.
I took two things from this documentary. 1. Wal-Mart isn’t making new money. Wal-Mart is taking money from existing businesses, shifting the cash from the hands of many, to one uber-wealthy family, mainly by enslaving most of the ignorant 3rd world workers. 2. The only way to stop Wal-Mart is to stop shopping there. At the end of the day it is a business. And no matter how much money a business has in the bank, if it starts losing money, and keeps losing money the whole thing will come crashing down. What Wal-Mart would say is if this happens people will lose their jobs, suppliers will go out of business, etc.,…BULLSHIT. Just because we don’t want to buy a new trampoline from Wal-Mart doesn’t mean we won’t buy it from Billy Bob’s Trampoline Superstore; we just don’t want to buy it from Wal-Mart. Are you afraid China is going to take over the world in 50 years? Well, guess who is financing that? People need to start making better choices. You really think you are saving money in that rollback sale? Well maybe you are saving money at the cash register but you are obviously making up for it in your tax dollars. It’s all perception, smoke and mirrors. Now that you know the truth, what are you going to do about it? Watch the whole film here for free!