- cross-posted to:
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- cross-posted to:
- [email protected]
The shutdown will halt about $8 billion a month in federal food assistance. Walmart captures 24% of all SNAP shopper spending, according to Numerator’s 2025 SNAP Evolution report—triple Kroger’s share and far ahead of Costco, Amazon and Sam’s Club.
Walmart was the first retailer to accept SNAP online in all 50 states in 2023 and launched the Walmart+ Assist program, which offers half-price memberships for those receiving aid.
“If SNAP payments stop, spending by the lowest income groups will fall,” said Neil Saunders, managing director of data and analytics firm GlobalData. “Walmart gets a plurality of the spending, so it will be hit the hardest.”
This was somewhat epiphanic for me.
I already recognized companies such as Walmart were subsidizing pay through social programs such as SNAP and essential funneling/laundering tax payer money to their executives.
This headline made me further realize they’re not only making taxpayers subsidize wages, they’ve also effectively turned the USD into a form of company scrip. While that scrip can be spent at some other locations I bet a large percent of funneled right back to e.g. Walmart itself. If you already work at Walmart it makes spending your SNAP benefit there easier.
Yes millions of people can’t access food, but have you thought about the impact this is having on Walmart’s profits?
Honestly? If it’s what gets people to be fed, I’m okay with doing it because people starving is bad for the economy.
I’d rather we did at least the bare minimum for the right reason, but I’ll accept the wrong reason. At this point, hoping for more than the bare minimum seems unrealistic when we’re most likely to get the wrong thing for the wrong reasons.
Walmart gets it both ways. They get to under pay full time employees to the point they are eligible for snap, then they make money when people use snap in their stores.
The American taxpayers are basically subsidizing Walmart.
I never considered the second point. Holy hell US lawmakers are captured by special interests
And yet no one is EVER happy to be there
Bappy enough that they only shopped there, causing all the small businesses in their areas to close.
Sounds like the waltons are getting it 3 ways then, since they seem the types to enjoy just the misery of it all.
True sociopaths in every sense of the word
I think its important for people to know there are consequences for supporting fascism. Walmart has been donating to conservative PACs for decades and the Waltons themselves tilt even harder than the company.
I don’t disagree, it’s just so fucking frustrating that people can scream from the rooftops for months/years that “this is bad, bad things will happen” and people will ignore them until it affects them personally or it affects a company’s profits.
The problem is all the people starving, not Walmart losing less than 1% of their profits. But apparently that less than 1% profit loss is what people listen to. It’s disgusting.
I’m sure they’ll just get a handout directly from the government instead.
Bruh, that would certainly be devastating, and it’s disgusting I can see that happening.
“Our profits are in the RED, pls give money daddy govt 🥺🥺” but also somehow still makes record-breaking profits.
Remember kids, when a company says their profits are in the red, that does not mean they are losing money - THEY STILL MADE A PROFIT. Just not as much profit as last year.
Maybe thisnmeans something might get done about all this.
Oh, would you prefer to ignore the blatant corruption? … If minimum wage (Walmart wage) were living wage, far fewer people would be on food stamps.
That is not what I said at all and off topic from the discussion.
One point would be WalMart has 2B in lobby money to make it stop