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LTnewsDawg

Wal-Mart puts profits ahead of people

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LTnewsDawg

Conservative commentator Linda Chavez, like many on the right, is upset that officials in Washington, D.C., want Wal-Mart to pay a wage employees can actually live on.As you might have seen, the Washington City Council passed a bill requiring stores with corporate sales of $1 billion or more to rais...

 

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mrkglsr65

The only reason to have a business is profit. Unlike government, when there is no profit, there is no business.

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Thelsa Doom

 

The only reason to have a business is profit. Unlike government, when there is no profit, there is no business.

Liberals didn't get the memo

Edited by Martin Riggs

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mmc0412

Wal-Mart opening stores in DC goes against their operating model.  They typically place themselves in the suburbs - on purpose - lower overhead and all.  So, I find it hard to believe they are interested in opening stores in DC at all.  Is this for real or just something drummed up so conservatives can pounce on something.

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Thelsa Doom

the 6-walton heirs hold the same wealth as the bottom 40% of america..

 

gop trickle down in action

GOP? ( hijack attempt or just douchebag hyperpartisan nonsense ?) are you saing they didn't earn their money ? Edited by Martin Riggs

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Pastor of Muppets

GOP? ( hijack attempt or just douchebag hyperpartisan nonsense ?) are you saing they didn't earn their money ?

They did diddly squat to "earn" their money.

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Thelsa Doom

They did diddly squat to "earn" their money.

Building the largest retail company in the world isn't work ? Why are you so jealous of people with more ambition and ability than you ? Perhaps if you put more " diddly" into your squat you wouldn't be so bitter and you wouldn't have your hand out.

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Pastor of Muppets

Building the largest retail company in the world isn't work ? Why are you so jealous of people with more ambition and ability than you ? Perhaps if you put more " diddly" into your squat you wouldn't be so bitter and you wouldn't have your hand out.

They wouldn't be shit without their daddy.

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mrkglsr65

the 6-walton heirs hold the same wealth as the bottom 40% of america..

 

gop trickle down in action

 

There are 500 people working in the W/M closest to me. One store - one location. Plenty of opportunities for many who would otherwise be unemployed.

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mrkglsr65

Building the largest retail company in the world isn't work ? Why are you so jealous of people with more ambition and ability than you ? Perhaps if you put more " diddly" into your squat you wouldn't be so bitter and you wouldn't have your hand out.

 Great observation....

 

They wouldn't be shit without their daddy.

John Quincy Adams, Edsel Ford, JFK, Jesse Jackson, Jr, George W Bush, Nelson Rockefeller, Bill Scranton.....

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daisy-dog

 Great observation....

 

John Quincy Adams, Edsel Ford, JFK, Jesse Jackson, Jr, George W Bush, Nelson Rockefeller, Bill Scranton.....

Add Chelsea Clinton

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mmc0412

 Great observation....

 

John Quincy Adams, Edsel Ford, JFK, Jesse Jackson, Jr, George W Bush, Nelson Rockefeller, Bill Scranton.....

Except we're talking about the Walton kids.

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mrkglsr65

Except we're talking about the Walton kids.

 

So what? How about if we were talking about my kids? Does it matter? If a father can give his kid an advantage, that is not only a good thing, but also the basis of generations of history. So tell me, please, why is handing down your wealth any different than handing down your experience or a set of gold cuff links?

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Farmer Vincent

The Walton family is the richest family in the United States and one of the richest in the world. They are heirs to the Walmart fortune and the company’s largest shareholders, with a nearly-fifty percent ownership of stock in the retail giant.

 

Sam Walton and his brother Bud opened their first Walmart discount store in 1962. Today three family members serve on Walmart’s board of directors;[1] Rob is the chair, and sits on the board with his brother Jim and his son-in-law, Greg Penner.

 

Six members of the family rank among the top eleven on Forbes’ list of wealthiest Americans,[2] with a net worth of about $93 billion. With their 49% stake in Walmart, they brought in $2.2 billion in dividends off of Walmart stock last year alone.

 

The Waltons aren’t just the face of the 1%; they’re the face of the 0.000001%. In 2007, when the six Waltons on the Forbes list were worth $69.7 billion, their wealth was equal to the total wealth of the bottom 30% of American families.[3] When new data on American wealth is available next year, it will probably show an even wider gap between the Waltons and the rest of American families. The Waltons are worth $93 billion now, while most Americans still haven’t recovered from the recession.

 

Why does all of this matter? While the Waltons are building billion-dollar museums,[4] driving million-dollar cars,[5] and jumping between vacation homes, Walmart, the country’s largest private employer, is paying its associates an average of $8.81 an hour.[6] The Waltons make billions a year off of a company most of them don’t even work for, while Walmart associates struggle for respect on the job and enough pay to make ends meet.

 

Through their family legacy, places on Walmart’s board of directors, and their 49% stake in the company, the Waltons have the power to turn 1.4 million Walmart jobs into good jobs.

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Farmer Vincent

How large a pile of money does any one person need to sit on until it's ridiculously redundant?  They're withholding their power to improve the lives of 1.4 million honest working people so that they can have more money than they can spend in several lifetimes. 

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mmc0412

So what? How about if we were talking about my kids? Does it matter? If a father can give his kid an advantage, that is not only a good thing, but also the basis of generations of history. So tell me, please, why is handing down your wealth any different than handing down your experience or a set of gold cuff links?

I didn't say there was anything wrong with it.  Just pointing out that your list of people was irrelevant since we were specifically talking about the Walton kids not having worked hard to get what they have. 

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ToldYouSo

the Walton kids not having worked hard to get what they have.

 

Is that an assumption or do you have facts to back up that statement?

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mmc0412

Is that an assumption or do you have facts to back up that statement?

Now I don't have a copy of Sam Walton's last will and testament if that's what you mean.  But it is well-known the Walton kids inherited a fortune.  I'm sorry, but they didn't work for that inheritance.

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ToldYouSo

  I'm sorry, but they didn't work for that inheritance.

 

Being the Chairman of one of the world's largest companies is not working?

Edited by ToldYouSo

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Farmer Vincent

But Sam did.  He built that company from nothing and left his fortune to his kids.

He's dead and gone and didn't leave anything for the people who actually worked as employees.  That legacy continues.  But maybe the plan was always to keep over a million people so poor that they couldn't shop anyplace other than Walmart. 

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mmc0412

But Sam did.  He built that company from nothing and left his fortune to his kids.

Agreed. 

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ToldYouSo

He's dead and gone and didn't leave anything for the people who actually worked as employees. 

 

We should legislate against that sort of thing.

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Thelsa Doom

 

They wouldn't be shit without their daddy.

Never worked in a family business have you ? lets add that to volume 23 of things you know nothing about.

Edited by Martin Riggs

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daisy-dog

Sam Walton made money the old fashioned way -

 

He earned it !!

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Thelsa Doom

The Walton family is the richest family in the United States and one of the richest in the world. They are heirs to the Walmart fortune and the company’s largest shareholders, with a nearly-fifty percent ownership of stock in the retail giant.

 

Sam Walton and his brother Bud opened their first Walmart discount store in 1962. Today three family members serve on Walmart’s board of directors;[1] Rob is the chair, and sits on the board with his brother Jim and his son-in-law, Greg Penner.

 

Six members of the family rank among the top eleven on Forbes’ list of wealthiest Americans,[2] with a net worth of about $93 billion. With their 49% stake in Walmart, they brought in $2.2 billion in dividends off of Walmart stock last year alone.

 

The Waltons aren’t just the face of the 1%; they’re the face of the 0.000001%. In 2007, when the six Waltons on the Forbes list were

worth $69.7 billion, their wealth was equal to the total wealth of the bottom 30% of American families.[3] When new data on American wealth is available next year, it will probably show an even wider gap between the Waltons and the rest of American families. The Waltons are worth $93 billion now, while most Americans still haven’t recovered from the recession.

 

Why does all of this matter? While the Waltons are building billion-dollar museums,[4] driving million-dollar cars,[5] and jumping between vacation homes, Walmart, the country’s largest private employer, is paying its associates an average of $8.81 an hour.[6] The Waltons make billions a year off of a company most of them don’t even work for, while Walmart associates struggle for respect on the

job and enough pay to make ends meet.

 

Through their family legacy, places on Walmart’s board of directors, and their 49% stake in the company, the Waltons have the power to turn 1.4 million Walmart jobs into good jobs.

It doesn't matter beyond you have a problem with the success of others......well others that hold differing political views.

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