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So the federal government subsidizes not only Walmart employee wages, but Walmarts grocery sales too? And Mamdani is apparently crazy for saying New York should run its own grocery stores that actually benefit the community instead of making the Walton family richer.

I dunno why it says "If SNAP goes dark" becuase it already did go dark. It's already been a week woth no payments and it looks like nothing is going to change that. SNAP has already "gone dark".

Considering that Walmart is one of the largest corporations benefiting from deliberately underpaying their workers and telling them it's the government's job to feed them, I find that my field of fucks is barren.

Oh no. Not Walmart. Leave it to America to be more concerned about the shareholders and not the people within the borders.

That's so much money. It's immensely frustrating that any assistance programs we come up with ultimately become a massive wealth transfer to big companies.

SNAP, subsidized student loans/forgiveness, Medicaid/Medicare, etc. The market will just happily absorb the free taxpayer money and then still raise prices on everyone because of the increased demand.

This isn't new for Walmart. They have 'how to apply for food stamps' employee programs. They have food drives for their employees during the holidays b/c they can't afford food. All while taking in obscene profits.

Yes millions of people can't access food, but have you thought about the impact this is having on Walmart's profits?

What the article doesn't mention is how many of Walmarts employees are on SNAP themselves.

Similarly, I expect that a lot of airline CEOs are calling their pet Senators after Trump announced plans to scale back air traffic controllers.

That's an aspect of social security nets that's rarely talked about: They stabilize domestic demand and thereby the local economy.

Walmart one year revenue is ~$700B.

Probably more. Their starving employees will be stealing food from them to survive.

Lmaooooooo

Get fucked.

Also sad how many people there apparently exist in "food deserts" that a Walmart is their only option.

This is the only good news from trump's term. The waltons losing money in this way exposes who they are, and might piss them off enough to do something.

CEOs should do to Trump what the Roman senators did to Julius Caesar.

Interesting how this billionaire family is making so much money off food stamps.

Walmart gets financed via gov SNAP on two fronts - they sell stuff (for profit) for gov SNAPs, & their employees' wages have to get subsidized by gov SNAP (for their profit).

Also only the stores net 20bn a year to the family (& other shareholders), so it's a shame we are talking about them losing 2bn (over two full months) and not their full-time workers going hungry.

Also the SNAP program is 100bn annually (for 40m people) & 25bn~28bn of it gets spent in Walmart stores (their total revenue is about 680bn & they employ a large percentage of underpaid workers).

Here is a perhaps more informative link:
https://www.newsweek.com/walmart-set-to-lose-billions-from-snap-benefits-stopping-in-november-10945862

I would not be surprised to read a headline soon stating "Walmart to receive government subsidies for lost SNAP revenue."

Regardless if SNAP has been funded.

Oh no, anyway.gif

What about the people who are starving?

Walmart saves money by not paying a livable wage, they save money by not paying taxes, they receive money from the taxpayers who paid into snap. No wonder why they keep making profits year after year.