Guess how much Wal-Mart brings in every day? Nearly one billion dollars!
Let that sink in. One billion dollars per day, seven days a week, 365 days a year. It's worth repeating -- one billion dollars per day.
Why would such a rich corporation fight against paying property taxes that help pay to educate our children? But they do. Wal-Mart has tried to reduce taxes at 35 percent of its stores and 40 percent of its distribution centers -- and they win half the time, according to a study done by Good Jobs First, a group critical of the retail giant.
Easy to see why. Wal-Mart comes to court with a van full of lawyers and accountants in full battle dress while the small local governments can barely afford to staff up with civil service attorneys.
Besides, many small towns mistakenly give Wal-Mart tax concessions to lure the company to their community.
The giant corporation saves about $3 million annually. Remember, they bring in a billion a day. So $3 million is chump change for Wal-Mart.
You would think Wal-Mart would want to set the pace for America's business community in supporting struggling local government. Instead, Wal-Mart is fixed on the bottom line.
This is just another reason I won't shop at Wal-Mart.
Oh sure, you can save a buck or two by shopping there but it is false economy. They wreak havoc on small communities by driving Mom and Pop out of business. That goes to the small town quality of life, which is much more important than the bottom line.
Furthermore, Wal-Mart's dictatorial pricing structure has driven many of their suppliers to close shop in America and re-open in China, where labor is cheap and quality control is spotty. (see lead paint, tainted toothpaste, etc.)
Question: when does excess profit become greed?
C'mon, Wal-Mart. Show some leadership. Show some pride in America.