this post was submitted on 02 Oct 2023
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That’s absurd. 250 million weekly visitors stealing a $1 item per visit would amount to $13B per year in losses, approximately equal to Walmart’s annual net income. They would love to raise prices to compensate (2% should do it) but then they would lose the equivalent in sales to competitors like Amazon that don’t face as much risk from theft losses.
False. Walmart makes about $600 BILLION per year.
Idk where you found the $13B figure, since that's less than the amount they made OVER the previous year's earnings.
I know what you're thinking: "but that's revenue, not profit!" Okay sure, and let's not even address what qualifies as a "loss" for a massive business like Walmart because I don't even need to get into that to make my point. Still, they profited nearly $150B in 2022, source is the same link but lower on the page.
Walmart makes over $250k per employee, and nearly 15k of those employees are on food stamps, which means that our tax dollars are being used to subsidize their exploited labor force to make them 12-figure profits.
So yeah, I think we're kinda sorta morally obligated to steal from them in order to feed the hungry that they are responsible for making hungry in the first fucking place.
I pulled this from your link: