The Walmart 1 Percent: The Facts on Missouri

Share Button

 

The Walmart 1 Percent in Missouri

MEMBERS OF THE WALMART 1% IN MISSOURI:

  • Walton family members Stan Kroenke and Ann Walton Kroenkelive in Columbia, MO. Contact them:
    • Stan Kroenke: The Kroenke Group, 211 N Stadium Blvd, Suite 201, Columbia, MO 65203 or THF Realty, 2127 Innerbelt Business Center Dr, Suite 200, St. Louis, MO 63114
    • Ann Walton Kroenke: Audrey J. Walton and Ann Walton Kroenke Charitable Foundation, 911 Crestland Avenue, Columbia, MO 65203

 

 

The Walmart 1 Percent’s Influence in Missouri Politics

The Walton family in politics

The Waltons have spent $88,661 on Missouri politics between the 1990 election cycle and 2010. Half of that was spent on Republican candidates for the Senate alone. Overall, 84% went to Republican candidates.

Democrats Republicans
House $4,000 $9,661
Senate $2,000 $47,150
State-level $7,850 $18,000
Missouri TOTAL $13,850 $74,811

Source: Analysis of data from the Center for Responsive Politics and the National Institute on Money in State Politics

Walmart in politics

The Walmart PAC spent $290,750 on Congressional candidates from the Show-Me state over the same time period, with 80% going to Republicans. At the state level, Walmart spent $122,870 on Missouri politics from 2003 to 2010, with 78% of that going to Republican candidates or party committees.[1]

 

 

Walmart’s Impact on Missouri’s Employment Picture

Impact of Walmart stores on retail and other jobs

Based on data available through Walmart’s website, there were 42,457 Walmart associates in Missouri as of January 31, 2012.

According to a 2006 study, for every retail job created at Walmart, communities lose 1.4 retail jobs.[2] Based on the findings of this study, we estimate that, if Walmart had no stores in Missouri, there would be an additional 16,983 retail jobs in the state.

Impact of Walmart’s China sourcing on jobs

Based on an estimate of Walmart’s share of the U.S.-China trade deficit, we can estimate that Missouri lost an estimated 3,599 jobs as a result of Walmart’s practice of sourcing heavily from China.[3]

 

 

Walmart’s Cost to Missouri Taxpayers

Taxpayer subsidies for Walmart

Walmart is the world’s biggest company.[4] But despite its colossal financial resources—the company brought in $444 billion in revenue last year[5]—it’s habitually dipped into public coffers to finance its expansion into almost every corner of the United States.[6] In the absence of centralized information or databases on economic subsidies, Good Jobs First, an economic policy and research non-profit, has done extensive research to document the subsidies Walmart has received, and has published the data on Walmart Subsidy Watch. Here’s what GJF uncovered in Missouri.

Taxpayer healthcare costs

Tens of thousands of Walmart associates and their families qualify for Medicaid and other publicly subsidized care. Indeed, according to data compiled by Good Jobs First, in 22 of 24 states which have disclosed information, Walmart has the largest number of employees or dependents on the public rolls of any employer.[7]

In Missouri: In October 2009, the state’s Department of Social Services published a list of Missouri employers with the most employees and dependents enrolled in Medicaid. Walmart topped the list, with 1,555 employees and 3,040 employees with dependents in the Medicaid program.[8]

 

 

More Walmart stores coming to Missouri

Here’s a list of Walmart stores planned or rumored to be opening in Missouri:[9]

  • Ellisville: Supercenter, Manchester Rd. just west of Kiefer Creek Rd.
  • Florissant: Supercenter
  • Springfield: Neighborhood Market, Bennett St. and Glenstone Ave.

 

 


[2] The Effects of Wal-Mart on Local Labor Markets. December, 2006. David Neumark, Junfu Zhang, Stephen Ciccarella.

[3] These numbers are estimates. To arrive at these estimates, we used the report by the Economic Policy Institute that estimated U.S. jobs lost to China by state from 2001-2008.  We then multiplied that number by 9.3%, which is the proportion of the overall U.S.-China trade deficit that EPI estimated to be tied to Walmart. We arrived at that number from this study.

[4] As measured by revenue; “Fortune Global 500 2011: The World’s Biggest Companies – Wal-Mart Stores,” http://money.cnn.com/magazines/fortune/global500/2011/snapshots/2255.html

[5] “Walmart reports Q4 EPS from continuing operations of $1.51; Walmart U.S. delivers positive traffic and positive comp sales in Q4,” press release dated February 21, 2012, http://investors.walmartstores.com/phoenix.zhtml?c=112761&p=irol-newsArticle&ID=1663026&highlight=

[6] “Shopping for Subsidies: How Wal-Mart Uses Taxpayer Money to Finance Its Never-Ending Growth,” by Philip Mattera and Anna Purinton, Good Jobs First, May 2004.  http://www.goodjobsfirst.org/sites/default/files/docs/pdf/wmtstudy.pdf

[7] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[8] “Disclosures of Employers Whose Workers and Their Dependents are Using State Health Insurance Programs,” Good Jobs First report, version dated January 18, 2012.  http://www.goodjobsfirst.org/corporate-subsidy-watch/hidden-taxpayer-costs.

[9] Information on planned or rumored stores collected by Making Change at Walmart.

Legal Notice: National Labor Relations Board notice regarding settlement in 16-CB-105773. Read notice here,.(Un aviso de Junta Nacional de Relaciones del Trabajo en 16-CB-105773. Lee aviso aqui). UFCW and OUR Walmart have the purpose of helping Walmart employees as individuals or groups in their dealings with Walmart over labor rights and standards and their efforts to have Walmart publicly commit to adhere to labor rights and standards. UFCW and OUR Walmart have no intent to have Walmart recognize or bargain with UFCW or OUR Walmart as the representative of its employees. Courts have enjoined non-Associate UFCW and OUR Walmart agents from entering any Walmart property, except to shop, in Arkansas (read order), Florida (read order), Texas (read order), Colorado (read order), Ohio (read order), and Maryland (read order); and in California from entering inside stores (read order).