- 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.
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GOOD! Fuck the family monopolizing the true message he originally had!!! They’re all fucking trash so honestly fuck Walmart!!!
employees on snap
Trump might have just dog walked himself into something good 😂. It never fails. He fucks things up so bad that the economy collapses and cost of living goes down.
I’ll be quite honest, Walmart’s bottom line would be the least of my worries personally
Even regional grocers will feel this too. Any snap loss, is loss where ebt is accepted. So many different markets…
Walmart would love to start paying people script.
Walmart also relies on the government to cover their employees health insurance and food assistance. They might have to start providing health insurance to their employees otherwise we might to start hearing about quiet quitting again.
A sad day when corporate greed aligns with people’s needs. Welcome to new amerika.
And it’s Walmarts fault. Has been. Always was. Always will be. This is literally their economic model at play.
FUCK EM.
The Waltons were major named donors to the Heritage Foundation.
Well, at least some good will come from this disaster.
Oh no. Not Walmart. Leave it to America to be more concerned about the shareholders and not the people within the borders.
We can be concerned about both things equally, can’t we?
Edit I used the word “concerned” because I was responding to the comment above me and he said “concerned”. “Interested” would be a more suitable word because this is an interesting topic. We’re interested that Walmart is taking a hit and we’re also interested that snap people are taking a hit. It’s interesting. Tragic for the snap people but interesting for the demise of walmart.
Nah. Having seen small towns crushed when Walmart comes in and all the mom & pop shops close. So then your options to shop are Walmart or Amazon or drive to the next town. Fuck em.
Why would anyone avoid their local Walmart just to drive to the next town to use their Walmart?..
You ask that question, in a lot of rural areas the small walmart in town is run down and doesn’t get as much stock. It reduces slowly over time until shopping at that walmart is a waste of time and people go to the next one. So Walmart closes down the “Underperforming” walmart forcing people to go to the bigger one few towns over, centralizing and cutting the amount of staff/delivery locations walmart has to deal with, making them more money.
Can’t get in the car and say “no, not that one. Let’s go the nice one”if you don’t put in the work.
Why are you as equally worried about Walmart shareholders as you are starving people?
Ok then go back & re-read my comment & the comment I was replying to, and swap the word “concerned” for “interested.”
Equally would be tough for me. The cutting shifts of the workers will suck though. That’s near $ billion that doesn’t need to be shelved and onwards. (Possibly ordered).
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.
I’ve seen a lot of tik toks that are just veiled racism posts. “Oh look now that snap is gone the store is empty and I don’t see any ghetto people!” Like brother white people are the biggest recipients of snap.
The waltons losing money in this way exposes who they are, and might piss them off enough to do something.
As much as I hate the idea of corporate interests having that much influence over the government (any government), someone richer than him complaining could be the only thing that gets through Trump’s mushy head.
He’s saving them so much in taxes that they can just lose $2 billion and be fine with it. The Walton family is worth almost $500 billion. They don’t give a fuck about this.
If a rational person was in their situation, they would see the benefit of taking the loss and making it back. But I don’t know if you become a billionaire by having a healthy relationship with money.
Waltons only own 45% of walmart now. There are a lot of non-billionaires that will be pretty pissed if the stock slumps. But many of those will just be regular joes, not the rich folk who have divested and planned ahead.
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
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.
deleted by creator
Wait, I wonder, who was funding that message 🤔
Alice Walton, the world’s richest woman, listed her address as a post office box in Bentonville, Arkansas — Walmart’s hometown — when she made a $100,000 donation in August, on top of a $100,000 donation in April. Walton has little history of political giving in New York, beyond donating to pro-charter school groups and candidates. Mamdani has said he opposes the expansion of charter schools.
She was one of the first to bitch openly that tariffs means higher cost.
Is that the bitch that has gotten off scot free with literally hundreds of DUIs?
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.
