Libertarian Jackass

"Life is short, but truth works far and lives long; let us speak truth." -- Schopenhauer

Monday, May 24, 2004

THE LEFTISTS ARE CORRECT

about big business.

"Wal-Mart presents itself as an entrepreneurial success story, yet over a few decades it has made extensive use of tax breaks, free land, cash grants and other forms of public assistance," Philip Mattera, research director of Good Jobs First said in a statement.

The study, which is funded in part by the United Food and Commercial Workers International Union, found that 91 Wal-Mart stores have received individual subsidies ranging from $1 million to about $12 million, in the form of free or reduced-priced land, job training funds, sales tax rebates, tax credits and infrastructure assistance, including investment in roads.

In total, these subsidies amounted to $245 million, the report said.

Separately, the report found that 84 of Wal-Mart's distribution centers received an average of $7.4 million in subsidies, totaling about $624 million. Additionally, a database search for tax-exempt bonds issued by state and local authorities indicated that another 69 Wal-Mart stores received other low-cost financing of about $138 million

Wal-Mart spokeswoman Mona Williams said the group was "shooting itself in the foot" with the report.

Labels:

Previous Stories

» LIBERTARIAN JACKASS EXPOSED?
» "DONKEY, YOU HAVE THE RIGHT TO REMAIN SILENT, WHAT...
» SEACREST, OUT!
» BUSH
» IRAQIS ARE INFERIOR TO AMERICANS?
» WHO WOULD OSAMA VOTE FOR?
» OUR TEENAGE PRESIDENT
» THE LIBERTARIAN JACKASS: REALLY A CONSERVATIVE?
» AHMAD CHALABI
» BUSH SUPPORTERS GET (MORE) DESPERATE