Wal Mart WINS!!!!!!!!!!! Average American WAGE IMPLODING!!!!
For about a year and a half, Alstry and The Institute of Alstrynomics has been posting about the deteriorating jobs environment.
Since that time, over 6 million Americans are now unemployed and 10 million Americans are only working part time who were working full time......
In addition, tens of millions of Americans who are self employed like Real Estate Agents, Mortgage Brokers, Builders, Small Business Owners, and Consultants have seen their incomes evaporate....
SINCE 90% of taxes WERE paid by the top quintile of wage earners....we are now seeing tax receipts evaporate as many millions of higher income Americans lose most or all of their incomes!!!!!!!!!!!!!!!!!!!!!!!
In return....we have seen a MASSIVE INCREASE in the number of people receiving UNEMPLOYMENT BENEFITS, WELFARE, AND FOOD STAMPS.
Now over 30 million Americans are receiving Food Stamps costing over $40 Billion per year. It is very likely that a material part of WalMart's Sales comes simply from Food Stamp recipients and others on government assistance.
Basically the Taxpayer is directly or indirectly largely responsible for much of WalMart's profits from government handouts. If this trend continues, WalMart should have explosive growth going forward as many Americans will be forced to move away from higher priced retailers to much more efficient government subsidized WalMart.
So here you have it....the one company that is perfectly positioned for a low income government subsidized America....WalMart!!!!!!!!!!!!!!!
The only problem now is who is going to finance the Trillions of Dollars necessary to maintain a Welfare State that is not producing much???????? Sorta like a Ponzi Scheme don't ya think???
You would think those foreign nations might be better off loaning the money to their own citizens rather than unemployed Americans who are already leveraged.
If we don't resturcture soon, there won't be much to restructure....just ask GM bondholders who wished they restructured a few years earlier.
In the meantime....watch how WalMart benefits as Americas wages evaporate.......