BOYCOTT WAL-MART? PAGE THREE
ROY TAYLOR MINISTRIES
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Figure 2 presents the change in sales volume for Iowa specialty stores (sporting goods stores, druggists, jewelry stores, card and gift shops, florists, etc.). In the Wal-Mart Towns, by the tenth year after the Wal-Mart store had opened, the sales volume
at specialty stores had plunged by 17%. In the Neighboring Non Wal-Mart Towns, by the tenth year after the Wal-Mart store had opened, the sales volume at specialty stores had tumbled by 28%.
Figure 3 presents the change in sales volume for Iowa apparel stores, showing a 28% decline by the tenth year in both Wal-Mart Towns and Non Wal-Mart Towns. The Wal-Mart Towns had not escaped the Wal-Mart effect.
Thus, Wal-Mart's assertion that the sales by a range of stores in Neighboring Non Wal-Mart Towns would fall by a small amount, and that the sales volume by a range of stores in Wal-Mart Towns would rise significantly, is completely false.
Putting aside this myth, Figure 4 shows the catastrophe caused by the Wal-Mart effect in Iowa, inclusive of towns that did and did not have a Wal-Mart store. The period under consideration is 1983-96, three years longer than the earlier study, giving
three more years of the devastation. By 1996, 13 years after a Wal-Mart had opened in a town, the volume of sales at department stores, which includes Wal-Mart and other large discount chains, rose by 42%. However, since 1983, sales at grocery stores
fell by 11%; sales at drug stores fell by 32%; and sales at men's and boys' stores dropped headlong by 59%. Iowa's retail and grocery stores, which form the underpinning of communities, had been ravaged.
Table 1 shows the second phase of the Wal-Mart effect: the closing of stores whose revenues had collapsed. All told, a staggering 7,326 stores closed in Iowa communities of 5,000 or less people (the table covers a ten-year period through 1993; were it to
cover the longer period through 1996, the number of store closings would be even greater). The health and vitality of these communities, including employment at rising wages and benefits, the generation of taxes, etc., will not be restored.
Nationwide Blood-Letting
Wal-Mart destroyed other communities and cities. For example:
Toledo, Ohio. Author Al Norman describes the effect of Wal-Mart and Home Depot (another outsourcing chain) on Toledo: "When I went for a walk in downtown Toledo, I passed the old Lamson dry goods store: 9 stories of empty retail space. Each floor is the
size of a football field. The building served as the home of a Macy's Department store from 1924 to 1984. For the past fourteen years, the store has been empty. The City now owns it, which means the taxpayers of Toledo are paying the freight for its
upkeep."
Nowata, Oklahoma. In 1982, Wal-Mart opened a store on the outskirts of Nowata, a town of 4,000 people. Half of the small businesses in downtown Nowata shut down. Then in 1994, Wal-Mart abruptly closed this store, as well as another in a nearby town, and
opened up a supercenter in Bartlesville, which is 30 miles away, leaving Nowata prostrate.
Mississippi. A study found that in small towns in the state, five years after the opening of a Wal-Mart, the dollar volume of grocery store trade had collapsed 17%.
Vermont. In an attempt to stop Wal-Mart from becoming large in the state, various towns passed restrictions that would halt Wal-Mart construction. Wal-Mart built stores in the neighboring New Hampshire and New York, which sucked business out of Vermont.
Collapsing Tax Revenue
Despite all this, many states and communities are using taxpayers' money to finance subsidies to Wal-Mart, to come in and rape them.
In 1999, it was reported that in Olivette, Missouri, a developer received a tax incentive of up to $38.9 million for a construction project including a Wal-Mart and a Sam's Club—more than a third of the projected total cost of the project. In 1998, it
was reported that the city of Chesterfield, Missouri was supplying $25.5 million in tax incentives toward the construction of a $100 million-plus mall, anchored by a Wal-Mart. In 2001, Ohio approved $10 million in tax credits and other assistance for
Wal-Mart to build two distribution centers and an eyeglass-manufacturing facility.
These insane subsidies draw down the public finances. At the same time, Wal-Mart decimates the tax-base through other methods:
* Many stores which, unlike Wal-Mart, did not get tax breaks, are closed. This causes the loss to many states of sales taxes, and to all states of corporate profit taxes.
* Workers at established stores that have been closed by the Wal-Mart effect, who were paid higher wages than workers at Wal-Mart, have been fired, causing a drop in state income taxes.
* Wal-Mart's outsourcing caused the loss of 1-1.5 million manufacturing production jobs, and thus the taxes that these workers and the manufacturing plants that they worked at, would have paid.
* States and cities often have to finance downtown revitalization programs for the areas devastated by Wal-Mart.
Wal-Mart certainly produces a wealth effect: the loss of wealth. Just walk through any community downtown with its empty or boarded-up stores, to see the workings of the Wal-Mart effect.
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In the Wal-Mart Towns, by the tenth year after the Wal-Mart store had opened, the sales volume at home furnishing stores had declined by only 1%. Clearly, the home furnishing stores located at Neighboring Non Wal-Mart Towns, had suffered the
brunt of the damage.
NOTE! After reading and learning the American Pie Bible study project I suggest that you read and learn the following Bible study projects, and learn them in the order that they are listed. The links to them are immediatly below. If you don't
study them in the order that they are listed, you may become confused.
THE NAKED ONE-EYED MESSIAH-THE DARK MESSIAH
Last Update: 07/23/2008
Web Author: ROY TAYLOR