Collapse of Middle Class Wealth
- Thread starter jerry55
- Start date
Sam Walton and his family have done more to improve the standard of living for poor people in America than anyone else I can think of.
Their enterprise enables hundreds of millions of low-income people to save money on consumer commodities every week.
Their customers are the sort of people for whom saving $25 a week on household items is a big fucking deal. People who need a break, which is why they shop at Walmart in the first place.
The Waltons and their business have improved the lives of millions of people to an incalcuable degree, and you think somebody else deserves what they have?
245 million people shop at Walmart every week. If the average customer saves $1 by shopping at Walmart instead of a competitor, that equals about $12.7 billion dollars a year in savings.
The $12.7 billion that consumers save by shopping at Walmart can then be spent on other things, which presumably stimulates the economy, in that good old fashioned Keynesian way.
Now, tell me again how making the Waltons poorer will make Americans richer?
How is it a strawman exactly?
You said that everyone has "less to spend because of these hoarders", and I quite clearly illustrated that everyone actually has a lot more to spend because of those "hoarders".
If you don't have anything else to say on this subject, we can move on to talking about how Rockefeller saved the whales by making it unprofitable to hunt them for their blubber.
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Ok, let me break it down simply:
Your argument is a strawman because you're making up an argument that I never made.
You're arguing that Walmart has helped put money into average Americans' pockets.
I never made the argument that Walmart didn't, though I definitely could but that's for another time.
My argument was on the Walton heirs and their $90 billion. Hoarding that kind of obscene wealth, rather than distribute a good chunk of it to the workers who actually create wealth (paying workers such horrible pay that the middle class has 20% less wealth than 30 years ago isn't a smart strategy), is worse for everyone, including IMers.
Reading Comprehension 101.
retardCC's face right now:
Your argument is a strawman because you're making up an argument that I never made.
You're arguing that Walmart has helped put money into average Americans' pockets.
I never made the argument that Walmart didn't, though I definitely could but that's for another time.
My argument was on the Walton heirs and their $90 billion. Hoarding that kind of obscene wealth, rather than distribute a good chunk of it to the workers who actually create wealth (paying workers such horrible pay that the middle class has 20% less wealth than 30 years ago isn't a smart strategy), is worse for everyone, including IMers.
Reading Comprehension 101.
retardCC's face right now:
This is the statement you made:
It's patently untrue, and I think you realize that now, which is why you're falling back on arguements like "strawman.jpg" and "reading comprehension".
You are building a strawman and knocking it down. That is a fact.
I made a statement about the Walton heirs and their hoarding of $90 billion.
You argue about Walmart the company and all the amazing things it does. That has nothing to do with my statement because I was talking about the HEIRS not the company.
Maybe if I type my response in Japanese or Farsi you'll finally get it.
LOL. Is this dude serious? Some clown that knows how to operate a forklift is less important that the person that envisioned the whole concept of moving products from one side of the store to another. One of those people took the risk and had been rewarded handsomely for it, and is able to pass it down to his kids. The other guy... well he operates a forklift for a living. But again, Waltons should give him more money for that hardwork of operating a forklift?
America rewards brains over muscle, you clearly haven't figured that out.
I work hard for my whole life, took massive risks, to give my family and kids a better life, and your parents didn't take the level of risk I did. Now my kids are better off then you, so now you mad? Should take that up with your parents.
Yeah they are "hoarding" THEIR MONEY that THEIR FAMILY made... Imagine some homeless man coming up to you in the streets "Hey man, Why are you hoarding all your money from me?" If you are going to defend $1 of your money, you shouldn't try to take $1 or even a billion of someone else's money, it's the same principle.
I don't understand why people don't realize that Walmart started off as a small business and grew cause into what it is today cause of the American Dream. If you want something, put in hardwork you too can make it. Instead you are crying your socialist nonsense about how the other side was born with a silver spoon in their mouth and you weren't.
You should be ashamed to call yourself American.
In 2011, Walmart and the Walmart Foundation gave $958.9 million in cash and in-kind contributions around the world.
How much more should they donate?
Walmart pays it's workforce something in the order of $67 billion dollars a year, with about about 30% of that figure going towards employee benefits.
How much more should they pay?
$90000000000 / 245000000 = ~$367
So OP's saying that each person receiving $400 would fix the economy?