WAL-MART: The High Cost of Low Price

Delilah and I watched a movie over the course of a couple days. (Because we were so tired we had to turn it off and go to bed). WAL-MART: The High Cost of Low Price is a thought provoking movie. I suggest that everyone watch this movie. Take a look at the following:

Your tax dollars pay for Wal-Mart's greed

• The estimated total amount of federal assistance for which Wal-Mart employees were eligible in 2004 was $2.5 billion. [The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]
• One 200-employee Wal-Mart store may cost federal taxpayers $420,750 per year. This cost comes from the following, on average:
  • $36,000 a year for free and reduced lunches for just 50 qualifying Wal-Mart families.
  • $42,000 a year for low-income housing assistance.
  • $125,000 a year for federal tax credits and deductions for low-income families.
  • $100,000 a year for the additional expenses for programs for students.
  • $108,000 a year for the additional federal health care costs of moving into state children's health insurance programs (S-CHIP)
  • $9,750 a year for the additional costs for low income energy assistance.
  [The Hidden Price We All Pay For Wal-Mart, A Report By The Democratic Staff Of The Committee On Education And The Workforce, 2/16/04]

Health care subsidies compared to executive compensation

• Excluding his salary of $1.2 million, in 2004 Wal-Mart CEO Lee Scott made around $22 million in bonuses, stock awards, and stock options in 2004.
• This $22 million could reimburse taxpayers in 3 states where Wal-Mart topped the list of users of state-sponsored health care programs, covering more than 15,000 Wal-Mart employees and dependents. [Wal-Mart Proxy Statement and News Articles GA, CT, AL].

Your tax dollars subsidize Wal-Mart's growth

• The first ever national report on Wal-Mart subsidies documented at least $1 billion in subsidies from state and local governments.
• A Wal-Mart official stated that "it is common" for the company to request subsidies "in about one-third of all [retail] projects." This would suggest that over a thousand Wal-Mart stores have been subsidized. ["Shopping For Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth," Good Job First, May 2004]

The above was taken from http://wakeupwalmart.com/facts/#taxpayers

Please watch the following clips.







I don't think I'll be buying indoor lighting from Wal-Mart.