"Five Ways Capitalism Is Ripping Off the American People"

[applegrove]

Five Ways Capitalism Is Ripping Off the American People

TruthOut/Buzzflash

http://truth-out.org/buzzflash/commentary/item/18223-five-ways-capitalism-is-ripping-off-the-american-people

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1. The Retail Industry (Walmart): Building Owner Fortunes With Public Tax Money

A study in Wisconsin by the U.S. House Committee on Education and the Workforce determined that a typical Walmart store costs taxpayers over $1.7 million per year, or about $5,815 per employee. A 2004 study in California put the cost per employee at $2,103.

For the year 2012, Walmart's pre-tax U.S. income was almost $18.7 billion. That's over $14,000 per U.S. Walmart employee.

For the year 2012, the four Walton family members made over $20 billion from their investments. That's over $15,000 per Walmart employee.




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