We all know that Walmart sits at the top of many lists.
It’s the world’s largest private employer, the world’s biggest retailer, and one of the most valuable companies in history.
Here in the U.S. it’s the largest seller of food, collecting one of every four dollars spent on groceries. It also rakes in more from food stamp recipients than any other retailer, hauling in nearly 40% of all food stamp spending, which contributed to Walmart’s 2011 profit of $15.4 billion.
Here’s another lists it tops:
Walmart workers lead the nation in government subsidies to the working poor.
Because of low wages and lack of covered benefits, each Walmart store costs taxpayers an average of $420,000 in annual government assistance, or about $943 per Walmart employee. With as many as 80% of store workers falling into the safety net, Walmart employees top the list of food stamp and Medicaid recipients in dozens of states, collecting a total of $2.66 billion in taxpayer assistance last year.
All that food, all that profit, all those food stamps. You might call it ironic; some call it ‘the conservative circle of life‘; I call it reprehensible.
See your city, county, state, and federal tax dollars at work (for Walmart) with the interactive map found at Walmart Subsidy Watch.