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June 10, 2004

Wal-Mart: Welfare King

Read this report by Good Jobs First, entitled Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth.

The bottom-line: taxpayers through various economic development programs forked over a bit more than $1.08 billion to subsidize the profits of Wal-Mart.

And in return, Wal-Mart dumps the health costs of many of its employees on those local governments, just upping the welfare subsidies the company receives. All of this has been used by the company to unfairly compete with other firms that pay decent wages and benefits without subsidies by the government.

Posted by Nathan at June 10, 2004 01:58 PM