DesideriScuri
Posts: 12225
Joined: 1/18/2012 Status: offline
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quote:
ORIGINAL: tj444 quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: tj444 quote:
ORIGINAL: DesideriScuri Your argument is that WalMart's profits are too high, then. Where would Government draw the authority to dictate profit maximums? If Government was allowed to do that, how would they do that, by margin (%) or by dollars? Does Big Oil have too high a profit because they rake in hundreds of billions of dollars in profits? Or, is Big Oil's <10% profit margin acceptable? Would Apple be okay with their 20%+ profit margin because it's not over some billions of dollars level? You do not get to decide what profit level any company needs unless it's your company. then maybe they should repay taxpayers for the subsidies & govt handouts they have collected.. If it were not for all the taxpayer money they suck out of the system I would agree with you.. Just think if the govt stopped all the corporate subsidies and used that money instead to provide free college education for selected programs (high tech, engineering, etc).. can you imagine the new businesses and high income jobs that could create? oh well.. I'm for nearly across the board closing of tax loopholes (charities can keep their tax exemption status). But, not a pick-and-choose approach. What subsidies does WalMart get? What handouts? I am not opposed to subsidies to help small businesses but the problem with these subsidies is that is the large corps that have the manpower and ability to apply and get them that seem to get them.. a small business owner working 80 hour weeks tends not to have the time or employees that can do the legwork etc required to apply for these subsidies.. so large corps have an overwhelming advantage over small business (that tends to need the help much more).. I already/previously posted on page one a link to the webpage (one page just for Walmart!) on the subsidies and ways they get bucks from taxpayers (including from those taxpayers that are morally against shopping there).. http://www.walmartsubsidywatch.org/ This is and example (just a tip of the iceberg since many subsidies such as employee healthcare is not available(- just in California they get: Wal-Mart Subsidy Report for California Subsidies received by Wal-Mart There are no centralized databases of economic development subsidies, but Good Jobs First found 18 deals worth a total of about $50.8 million in California. They include the following: Good Jobs First has compiled data on Wal-Mart subsidies in the following cities Barstow, CA : n.a. Cathedral City, CA : $1.8 million Colton, CA : $2.6 million Corona, CA : $2 million Covina, CA : $5.3 million Duarte, CA : $1.8 million Gilroy, CA : $408,000 Hemet, CA : $1.8 million Lake Elsinore, CA : $2.2 million Lancaster, CA : more than $2.3 million Manteca, CA : $1.7 million Merced, CA : n.a. Perris, CA : about $2.7 million Porterville, CA : estimated $14 million Redlands, CA : $1.25 million Rialto, CA : $2.6 million Riverside, CA : more than $2.2 million San Diego, CA : $6.1 million Hidden taxpayer costs Many Wal-Mart workers are ineligible for health coverage from their employer or choose not to purchase what is available, because it is too expensive or too limited in scope. These workers often turn to taxpayer-funded health programs such as Medicaid. California is among those states that have not disclosed data on the employers with the most workers or their dependents enrolled in such programs. For an estimate of how much Wal-Mart is costing the state of CA for taxpayer-funded healthcare, see http://www.wakeupwalmart.com/feature/healthcrisis/map.html#CA Property Tax Appeals Selma, CA Duarte, CA Panorama City, CA Anaheim, CA Apple Valley, CA Yucca Valley, CA : $19,346 El Cajon, CA Oceanside, CA : $21,539 Red Bluff, CA : $794,000 Porterville, CA : $38,000 So, anything WalMart gets to build in a particular location that is given to them by local elected officials (who probably think, for some unknown reason, that bringing WalMart into an area is going to be a greater benefit than cost) is bad, huh? Perhaps that beef is with the local elected officials who made those deals, no? And, just a question: are those tax breaks, or are they subsidies (the two are not the same)?
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What I support: - A Conservative interpretation of the US Constitution
- Personal Responsibility
- Help for the truly needy
- Limited Government
- Consumption Tax (non-profit charities and food exempt)
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