Foxfyre wrote:Diest TKO wrote:Foxfyre wrote:That $1 billion dollar investment in Wal-Mart, however, has paid off hugely and provided billions upon billions of dollars that the taxpayers won't have to come up with. It was a very very good investment.
Unsupported argument.
Are you saying that americans would not have made the same amount of taxable purchases without walmart? Are you saying that Wal-mart employees are taxed differently than any other american employee? How exactly is this investment providing anything at all? I moves large amounts of capitol out of the US and simultaneously harms domestic industry and therefore jobs.
Walmart is a poor investment. It costs more than it returns. It's "the high price for low cost."
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I accept that you, like many on the Left, have a deepseated resentment of corporate America with a special prejudice aimed at Wal-mart. That much is pretty much a given as I suggested earlier.
Swing and a miss.
I scolded you already about your assuptions. Why do this to yourself? You only make yourself seem ignorant.
Have I voiced a "deepseated resentment of corporate america" or have I simply pointed out some dangerous liasons with poor bed manners? I have only made comments about one (count them: one.) company. Your claim of prejudice would only be true if I haven't researched for myself the company, purchased/tried it's goods in the past, known Wal-mart employees first-hand.
The only given here is that you are only interested in making a strawman.
Foxfyre wrote:
The fact remains, however, that the $1 billion reported to be afforded subsidy to Wal-Mart has/will return hundreds of billions in tax revenues in return from an organization that has created hundreds of thousands of jobs and pumps $56 billion in payroll alone into the economy not counting the subsidiary industries supported by Wal-Mart.
Swing and a miss.
Even if your numbers are accurate, it is still not a net gain in taxes when you consider how many jobs are lost because of how wal-mart effects domestic industry.
It may create jobs... but it's one step forward two steps back.
Foxfyre wrote:
There is nobody with any sense of economics that can call that a poor investment.
Swing and a miss.
False, and laughable. What you propose here is that EVERY person with economics training/education views this as you. This is easily dispelled. For instance, my Uncle was on the city council for San Diego for some 15 years. In that time, Walmart tried several times to build a store there (more specifically, they wanted to build in Mission Valley, and would have required several special permits and permissions, if I remember correctly, there was some zoning issues as well). Many economic studies were conducted and the end result was the same everytime. That Wal-mart didn't offer the city anything that it didn't alreadyhave and that the local economy would actually be threatened by it's establishment. Before you start whining about southern-cali-liberal-hippies, I'd like to note that Wal-mart declined to build elsewhere (such as the Santee), so the presence (or more accurately the absence) of Wal-mart is because the company didn't get it's first choice.
Funny how when the playing field is level (the same thing would have happened if say a Costco or Gerbes was interested in buying land and building), Wal-mart isn't worth much.
Foxfyre wrote:
You can say it should never have happened because you dislike Wal-Mart so much. You can use all kinds of fuzzy logic of inequities yadda yadda. But if a community thinks a Wal-mart would be a good addition to the community and wants to provide land, tax breaks or whatever to lure Wal-mart money, jobs, and tax revenues into an area, few are disappointed with the results.
Swing and a miss.
Who are you talking to? Few are disappointed? You need to get your facts straight.
Foxfyre wrote:
Conservatives think more commerce, industry, jobs, and tax revenues produced from a growing economy are a good thing. The community simply won't accomplish the same results investing the same amount of resources into a mom and pop hotdog stand. But neither do Mom & Pop take a comparable risk when they start up their business, but Mom & Pop will definitely benefit from the Wal-Mart anchor store in the shopping center drawing shoppers into the area.
Swing and a miss.
For your reasons given, Wal-mart is a poor investment. You speak as if a Wal-mart coming to town helps only the town. Trust me, it's in Wal-mart's interest to build stores, and that is the only interest they act on. Additionally, returning to the original point, if you can justify something like this, then you aren't really standing on firm ground to argue against liberal social programs. Wal-mart does NOT need financial assistance. A wal-mart that is built with government subsidies does not make more or less money in revenue etc. Your argument is hollow.
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Keep Swinging.
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