Some call it that.
In reality, it's just the rope being sold that will one day be used for their own hanging.
Such is life though.
|Cuts to the EBT/Food Stamp (SNAP ) program could have disastrous effects on Walmart's bottom line, the company admitted in the company's annual report on risks to future profitability.|
The Day the EBT Card Stops is the moment the entire world gets to see former Japanese Prime Minister's Yasuhiro Nakasone 1980s comment on why the level of American society was "very low" (hint: a growing population of unassimilable non-whites, not to mention a culturally hostile black population) spring to spontaneous life.
There is no reforming this system. Glenn Beck could cry buckets of tears so the waters of liberty could flow again, but they'd quickly evaporate revealing the same carcass of a nation.
And you'd be left with this. [For The First Time Walmart Annual Report Cites Changes To Food Stamps ‘And Other Public Assistance Plans’ As A Risk Factor, International Business Times, 3-24-14]:
Nestled in the latest annual report from Wal-Mart Stores Inc. (NYSE:WMT) is a line that underscores just how much the world’s largest general merchandise retailer and its shareholders have depended on public assistance programs in recent years.
The Bentonville, Ark., company’s report for its fiscal year ended Jan. 31 includes the cautionary statement that’s required under securities regulations from all publicly listed companies. The purpose is to inform the public of factors that could harm future profitability. Such statements are routine and tend to list just about any potential risk factor. In Walmart’s case, the sentence disclosing risk factors is a staggering 668-words long and includes dozens of risks, including natural disaster, civil unrest, changes to income and corporate tax rates and ongoing investigations against the company.
A couple of items stand as newcomers to Walmart’s menu of risks. Here’s what the annual report released on Friday says:
“Our business operations are subject to numerous risks, factors and uncertainties, domestically and internationally, which are outside our control ... These factors include ... changes in the amount of payments made under the Supplement[al] Nutrition Assistance Plan and other public assistance plans, changes in the eligibility requirements of public assistance plans, ..."
In other words, Walmart for the first time in its annual reports acknowledges that taxpayer-funded social assistance programs are a significant factor in its revenue and profits. This makes sense, considering that Walmart caters to low-income consumers. But what’s news here is that the company now considers the level of social entitlements given to low-income working and unemployed Americans important enough to underscore it in its cautionary statement.Remember some key data points. [Food Stamp Use Soars, and Stigma Fades, New York Times, 9-28-2009]:
Now nearly 12 percent of Americans receive aid — 28 percent of blacks, 15 percent of Latinos and 8 percent of whites. Benefits average about $130 a month for each person in the household, but vary with shelter and child care costs.
What Walmart has just admitted in this risk assessment is so-called 'crony capitalism' is nothing more than a ruse to momentarily enrich large stock holders at the expense of those Middle American Serfs who pay the taxes supporting the whole EBT/Food Stamp entitlement scheme/transfer-of-wealth.
Oh, there is no reforming this system. It will come crashing down amid the joyous rush to erect a post-white utopia, where EBT card-enriched consumers can frolic in the spacious aisles of Walmart.
Nothing lasts forever.
Not even this EBT/Food Stamp nirvana we call the United States of America.
Walmart's risk evaluators know this, though the implications of their own data won't dawn on them the true unsustainable nature of contemporary America and its trajectory into entering an era when whites are no longer the majority racial group.