Posts: 27,872
Threads: 1,668
Joined: Sep 2009
Well, I was reading a story about a grocery where 40% of their sales was with food stamps, and they said their entire profit margin was about 1% after taxes. Being as how food stamps are being cut something like 4%, that means his gross sales are going to go down something like 1-2%. That sounds like it might be a significant drop for such a low margin business to begin with.
Posts: 2,813
Threads: 118
Joined: Mar 2013
Posts: 5,988
Threads: 1,754
Joined: Mar 2011
(10-14-2013, 07:12 PM)PonderThis Wrote: I haven't heard Walmart complaining. Walmart bent over backwards to accommodate a substantial core part of their market, and they did so with grace and dignity, at a time they could have simply flipped off their customers instead. For Walmart, the whatever loss comes of this will be trivial, in the overall amount of good grace they have fostered among their customer base.
And if Walmart doesn't like it, I'm sure they'll be taking it up with their manager, and probably develop a policy for the future, too.
Walmart takes in about $7 billion in foodstamps across the nation as well as over half of their employees are on foodstamps and other public assistant programs.
So they will feel a slight pinch from the $11 a month reduction for an individual in the SNAP program but this will eventually be made up by the increasing poverty of the middle class and their use of foodstamps.
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
Except, none of what you are saying relates to my original post, which was about Walmart continuing to serve food stamp customers while the computer network that runs the program was down, potentially costing them money because they had no way of knowing whether recipients actually had money in their food stamp accounts or not.
Posts: 5,988
Threads: 1,754
Joined: Mar 2011
(11-07-2013, 10:15 AM)PonderThis Wrote: Except, none of what you are saying relates to my original post, which was about Walmart continuing to serve food stamp customers while the computer network that runs the program was down, potentially costing them money because they had no way of knowing whether recipients actually had money in their food stamp accounts or not.
Sorry, but I'm sure they have insurance to cover their loss, if not they can cover it themselves without denting, in the slightest their bottom line.
Personally I think it was good PR, though they don't really need it as they do have a captive audience of the poor, lower middle class and the shopaholics.
Posts: 11,336
Threads: 346
Joined: Mar 2009
It will simply go in the loss column and be a tax deduction.
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
I'm sure that's how other people feel about your own business losses, too.
Posts: 18,298
Threads: 867
Joined: Mar 2011
(11-07-2013, 10:24 AM)Leonard Wrote: (11-07-2013, 10:15 AM)PonderThis Wrote: Except, none of what you are saying relates to my original post, which was about Walmart continuing to serve food stamp customers while the computer network that runs the program was down, potentially costing them money because they had no way of knowing whether recipients actually had money in their food stamp accounts or not.
Sorry, but I'm sure they have insurance to cover their loss, if not they can cover it themselves without denting, in the slightest their bottom line.
Personally I think it was good PR, though they don't really need it as they do have a captive audience of the poor, lower middle class and the shopaholics.
When your that big, you don't buy insurance. Self insurance is cheaper for those who can afford it.
Posts: 2,162
Threads: 106
Joined: Apr 2013
(11-07-2013, 09:09 PM)chuck white Wrote: (11-07-2013, 10:24 AM)Leonard Wrote: (11-07-2013, 10:15 AM)PonderThis Wrote: Except, none of what you are saying relates to my original post, which was about Walmart continuing to serve food stamp customers while the computer network that runs the program was down, potentially costing them money because they had no way of knowing whether recipients actually had money in their food stamp accounts or not.
Sorry, but I'm sure they have insurance to cover their loss, if not they can cover it themselves without denting, in the slightest their bottom line.
Personally I think it was good PR, though they don't really need it as they do have a captive audience of the poor, lower middle class and the shopaholics.
When your that big, you don't buy insurance. Self insurance is cheaper for those who can afford it.
Exactly...like when you have lots of money...who balances their checkbook each month?
Posts: 2,813
Threads: 118
Joined: Mar 2013
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
Mine mine mine, I don't care about anybody else. All mine. It works good for me, and that's all I care about! Mine mine mine.
Posts: 22,606
Threads: 795
Joined: Jan 2011
(11-20-2013, 09:23 AM)PonderThis Wrote: Mine mine mine, I don't care about anybody else. All mine. It works good for me, and that's all I care about! Mine mine mine.
Kinda like a 3 year old, eh?
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
Oh, btw, I'm going to Heaven and you are not. Have I mentioned that part too???
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
It's OK to kill, too. Killing is good. I like killing. Have I mentioned I especially like it when armies kill? Especially ours!
Posts: 15,666
Threads: 422
Joined: Feb 2009
have food stamp recipients battle each other for the crumbs of society
Posts: 27,872
Threads: 1,668
Joined: Sep 2009
How about we toss the top 10% in with the lions and see which ones God wants to save.
Posts: 15,666
Threads: 422
Joined: Feb 2009
I wonder if TV gives his shot squirrels to the food banks.
Posts: 18,298
Threads: 867
Joined: Mar 2011
(11-20-2013, 09:18 AM)Scar Wrote:
Somehow I suspect that you don't pay many taxes.
An you use the services that my taxes paid for. (like security)
Posts: 2,813
Threads: 118
Joined: Mar 2013
http://nypost.com/2013/11/20/multi-milli...c-bodegas/
Authorities busted up a massive multi-million dollar welfare fraud scheme that has been running rampant in Asian communities throughout the city, sources said.
Posts: 2,813
Threads: 118
Joined: Mar 2013
|