Incredible Vision at Wal-Mart

Special to FreeRepublic ^ | 28 March 2008 | John Armor (Congressman Billybob)

[Marysecretary]

Yes, it is, but the media only gives you what bad people are doing, RARELY, if ever, what good goes on at the same time. That’s why I hate the media. Love, M

[conservatism_IS_compassion]

I’ll bet Wal-Mart got paid back dollar for dollar for every item they “donated”.

Does anyone have a copy of their 2005 tax returns? Their accountants should be fired if they did not take advantage of this major write-off.

I'm confident that they wrote off the wholesale cost of the inventory which they intentionally allowed to "leak." I certainly hope so. But I have a news flash for you: a deduction is not the same as a tax credit - Walmart still was out the cost of restocking the shelves and warehouses of the stock which it donated, just like you might itemize your charitable contributions but thereby reduce your tax liability by only about a quarter on the dollar, not dollar for dollar.

And even if they got a tax credit and were reimbursed dollar for dollar, that would be no profit for WalMart other than the good will which they obtained for it. And if the government is going to have a Federal Emergency Management Agency throwing money at natural disasters, in principle they should do it precisely by giving incentives to Walmart et al to put their shoulders to the wheel in just the way that is reported in this article. In which case FEMA would, quite properly, be paying Walmart for the donated inventory and giving Walmart a profit to boot. And that, I am confident, has not happened. Because if it had, the Democrats and the media would be having a cow over it.

[nralife]

“The Corp is doing some digging in the BC for levee fill and it is right uo against one of main rail lines out of the city. When the water starts flowing I’m afraid it will undercut the railway bridge and cause it to collapse. The only time I have seen the spillway open it was really turbulent and fast flowing. I hope that I’m wrong big time.”

Oh my. Thanks for the response. Lets hope you are wrong!

[Radix]

"If war breaks out, and China stops providing their goods, I have every confidence that the American people will be able to get our paper-drink umbrella, refrigerator magnet, and disposable razor factories up and running in a heartbeat.

You are an optimist!

[Yardstick]

Yep, I hear ya. Walmart is cool. I like their bake-it-yourself pepperoni pizzas. One of my favorite pairs of jeans I got at Walmart, and I’m kind of a jeans snob.