A divided nation

[terrym]

Big business will always go to where they have the least overhead, to MAXIMIZE profits. That is why they are in business , their reason for being, ever increasing income for the few with shares in the company. The walmart family with billions, what harm would it ever do them, to pay their employees a couple of dollars an hour more, none whatsoever, they would not even notice one less zero on the bottom line.

Who do you think owns GM? You never shop at Walmart?

[fishermccann]

Yes I do shop at wallmart, but I am on a fixed income..... Who owns GM, well 75% owned by institutional holdings ie. J.P.Morgan, Vangard, Berkshire Hathaway, you know the same folks who were bailed out of bankruptcy by the American government, ie , working stiffs.

[JBen]

I wonder.
if Half of America blames the 1% and Wall Street and half of America blames govt spending, this/that and love Donald.
Whose right?

Maybe both ?

One thing is for sure.
More and more and more people are shopping at WT, online and more ( see also online banking)
I wonder why.

And ultimately, doing so reduces the revenue (profits) for Loblaws, Heinz Canada, small shops who cant compete with Big Box or online store fronts, and many more. Which ultimately means.............

[terrym]

Yes I do shop at wallmart, but I am on a fixed income..... Who owns GM, well 75% owned by institutional holdings ie. J.P.Morgan, Vangard, Berkshire Hathaway, you know the same folks who were bailed out of bankruptcy by the American government, ie , working stiffs.

And who are the share holders of these firms? Union Pension plans? Mutual funds? So, you curse Walmart but shop there. I guess you are part of the problem as your shopping supports the Walmart Corporate business plan. There is nothing you buy at Walmart that can't be purchased elsewhere. You could choose to shop where there is a union and higher prices but that would mean a cut in your lifestyle. Hhhhmmm.......

[fishermccann]

So we can never get big business to own up , pay their share, make the world better-fairer, because we have seen the enemy, and they are US! GM last year had income of 9.7 billion and 2.8 billion PROFIT. So just maybe they keep Detroit viable and only make 2 billion last year , what would that cost JP.Morgan maybe 2 cents a share?

[fishermccann]

And who are the share holders of these firms? Union Pension plans? Mutual funds? So, you curse Walmart but shop there. I guess you are part of the problem as your shopping supports the Walmart Corporate business plan. There is nothing you buy at Walmart that can't be purchased elsewhere. You could choose to shop where there is a union and higher prices but that would mean a cut in your lifestyle. Hhhhmmm.......

A couple of dollars more an hour for their employees would not hurt that walmart family one bit, they would not even notice that amount in their billions of dollars, that to me is greed.

[Species8472]

A couple of dollars more an hour for their employees would not hurt that walmart family one bit, they would not even notice that amount in their billions of dollars, that to me is greed.

Greed or not they most certainly would notice. 2$ per hour for 2.2 million employees at say 15 hours per week represents $3.4 billion per year every year or about 12% of the net worth for any given family member every year.

[terrym]

A couple of dollars more an hour for their employees would not hurt that walmart family one bit, they would not even notice that amount in their billions of dollars, that to me is greed.

But you still support them.

[fishermccann]

I can't afford not to.

[trimmer21]

Greed or not they most certainly would notice. 2$ per hour for 2.2 million employees at say 15 hours per week represents $3.4 billion per year every year or about 12% of the net worth for any given family member every year.

That's assuming that it comes directly out of their pockets which it doesn't. It comes out of the business as a direct expense therefore is tax deductible. It costs them ZERO.