Tuesday, October 06, 2009

BusterStronghart@Gmail.com

Is Walmart good for the economy of the US?


Isn't it obvious? We've lost more than a million manufacturing jobs even before the recent debacle starting in 2000. Before that the manufacturing industries in the US, like apparel, tools, audio and visual equipment, pens, eye wear, foot wear, and so forth were already decimated.

Besides the loss of jobs there is also the loss of manufacturing capacity to consider. In addition, hundreds of thousands small shop and supermarket retail jobs have been lost.

Small towns lost their main streets and experienced an extreme loss of tax revenue when Walmarts would be located just out town boundaries.


Add in the fact that many of Walmart sites would tax abated for twenty and even forty years by the counties and states in which they were located. -- This while the stores that would be eventually driven out of business were paying their full real estate taxes on main street.
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In many cases Walmart got the counties to construct highway exits leading to their sites.
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Sewers were built. Talk about corporate welfare!