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It is what it is and the market as always will decide. What you see in Wal Mart is consumer decision on it's success. We have seen many such stories in growth and seen a lot fail in time. Seen to day Wal Mart is shifting CEO and he intends to concentrate more on online marketing.
How can the markets independently decide if the system is skewed and favors big players like WalMart? Are you suggesting that the small business and WalMart are on a level playing field?
How can the markets independently decide if the system is skewed and favors big players like WalMart? Are you suggesting that the small business and WalMart are on a level playing field?
Businesses have NEVER been on an even playing field. I don't agree with the loopholes, but it has always been common practice that when you buy in bulk, the items are cheaper. Now if business A has deeper pockets and can afford to buy more, then they can afford to sell cheaper which will eventually put the other businesses who don't have deep pockets out of business.
Businesses have NEVER been on an even playing field. I don't agree with the loopholes, but it has always been common practice that when you buy in bulk, the items are cheaper. Now if business A has deeper pockets and can afford to buy more, then they can afford to sell cheaper which will eventually put the other businesses who don't have deep pockets out of business.
Even at the expense of destroying the middle class and creating poverty stricken centers that are slaves to their retail shops?
Businesses have NEVER been on an even playing field. I don't agree with the loopholes, but it has always been common practice that when you buy in bulk, the items are cheaper. Now if business A has deeper pockets and can afford to buy more, then they can afford to sell cheaper which will eventually put the other businesses who don't have deep pockets out of business.
So you don't agree with WalMart getting Billions in subsidies and free land and ... (list goes on).
Businesses have NEVER been on an even playing field. I don't agree with the loopholes, but it has always been common practice that when you buy in bulk, the items are cheaper. Now if business A has deeper pockets and can afford to buy more, then they can afford to sell cheaper which will eventually put the other businesses who don't have deep pockets out of business.
but a LOT of the depth in Walmart's pockets are subsidized, in MANY ways, by the American taxpayer.... take those subsidies away and let's see how deep those pockets remain......
So you don't agree with WalMart getting Billions in subsidies and free land and ... (list goes on).
Keep in mind that these subsidies aren't strictly for Wal-Mart. Other corporations take advantage of them as well. You hear it all the time when a large company wants to open a new factory or office building somewhere, they will actually shop states to see which will give them the biggest tax incentives. Wal-Mart is just playing buy the same rules as everyone else.
Again, I feel that these tax loopholes do need to be closed, but until they are... this is the way it will be.
but a LOT of the depth in Walmart's pockets are subsidized, in MANY ways, by the American taxpayer.... take those subsidies away and let's see how deep those pockets remain......
Every subsidy is paid by the American tax payer. It doesn't matter what it is. The state gives business A a tax break for hiring X number of employees or pays a subsidy. Well, this is tax money that never hits the coffers or is taken out of the coffers. Chances are, tax rates will increase in other areas to offset the tax breaks given.
The new Wal-marts are 150,000 to 180,000 square feet.
Our demand for consumerism plus unchecked regulations created the monster, now that we've seen what the monster can do, I say it's about time to re-focus and regulate.
Bring some jobs back to America, along with a manufacturing sector, and if we do it correctly, perhaps the mighty Wal-Mart will still be around, but will be pro-American again.
How about subsidize Bill's Khaki's or Duluth Pants? Or subsidize manufacturing sector wages? The government needs to give some incentives for the manufacturing sector to start bringing those jobs back to the states. How about instead of giving tax breaks to large retailers, we give the tax breaks to the providers?
There's so many things wrong with corporate America. It mostly comes down to those who have the money call the shots.
It's going to take guts, leadership, and regulations to fix our country. Leaving it in the hands of lobbyists and corporations isn't going to end well for any of us...
I say this as we continue our slide from greatest country in the world down to about 48th and falling....
Quote:
Originally Posted by sandman249
That's a nice little tid-bit from economics 101, but how do you account for the unfair advantage that WalMart has when it comes to competing with small business. For example:
How do you account for the Billions of Dollars in tax subsidies that WalMart gets?
How do account for the free land that WalMart has been getting in many parts of the country?
You guys (and others) are apparently not aware that business subsidies are given to many businesses, not just Walmart. For example, a local grocery (sort of Mom and Pop-ish) wanted to open a second store in our area. My suburban city was one of the possible locations. I went to a meeting about this and someone asked the CEO what criteria he would use to make a decision. He said "whoever gives us the most money". My city anted up: they sold their soul to get this store. Louisville extends $1 million in incentives to Alfalfa's to locate at vacant Safeway site - Boulder Daily Camera
** Elected leaders set the stage for the construction of an Alfalfa's Market grocery store on South Boulder Road with a unanimous vote Tuesday night to approve one of the most generous business incentive packages in the city's history.
Alfalfa's, which would locate a 22,000-square-foot store near the site of a long-abandoned Safeway at 707 E. South Boulder Road, would receive a full rebate of the sales tax revenues it generates in the first three years of operation -- capped at $800,000. The natural grocer would also get a 50 percent rebate of the use taxes and permit fees paid to the city.
According to Louisville Economic Development Director Aaron DeJong, the incentive package could amount to $1 million.**
Now I'd like to see a store there as much as the next person, but this was ridiculous.
You guys (and others) are apparently not aware that business subsidies are given to many businesses, not just Walmart. For example, a local grocery (sort of Mom and Pop-ish) wanted to open a second store in our area. My suburban city was one of the possible locations. I went to a meeting about this and someone asked the CEO what criteria he would use to make a decision. He said "whoever gives us the most money". My city anted up: they sold their soul to get this store. Louisville extends $1 million in incentives to Alfalfa's to locate at vacant Safeway site - Boulder Daily Camera
** Elected leaders set the stage for the construction of an Alfalfa's Market grocery store on South Boulder Road with a unanimous vote Tuesday night to approve one of the most generous business incentive packages in the city's history.
Alfalfa's, which would locate a 22,000-square-foot store near the site of a long-abandoned Safeway at 707 E. South Boulder Road, would receive a full rebate of the sales tax revenues it generates in the first three years of operation -- capped at $800,000. The natural grocer would also get a 50 percent rebate of the use taxes and permit fees paid to the city.
According to Louisville Economic Development Director Aaron DeJong, the incentive package could amount to $1 million.**
Now I'd like to see a store there as much as the next person, but this was ridiculous.
That's nothing compared to the 12.7 million this town gave to Walmart and the former land owner to come to their town...
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