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Sunday, December 28th, 2014SUGGEST NEWS

"Wal-Mart's low wages have led to full-time employees seeking public assistance....They receive $2.66 billion in government help each year " (bloombergview.com)
Posted by: Nebuchadnezzar on December 28th, 2014 @ 11:29AM

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Charkoth
Right Wing Extremist

December 29th, 2014 @ 6:54AM

Registered:
2003-05-08
Location:
OHIO
Posts: 2764
Typical liberal confusion of causation and effect. Why target Walmart when the real "problem" is government assistance?

There are all these absurd lines in the article like " Just $11.33 puts a 40-hour employee over the poverty line. The costs of this increase would be borne by the company and its consumers -- not the taxpayer." This was right after the author stated that 100 million Americans shop there every week...that is pretty much equal to the number of american taxpayers although I'm sure many of them are not net "tax payers".

It then talks about how raising wages reduces turnover and increases "competitive advantage" except that if it were done like the author suggests by raising the minimum wage the competitive advantage would actually be decreased since the jobs it competed against would be raised as well.

It also fails to mention how raising the minimum wage would vastly decrease employment which would vastly increase unemployment benefits putting a far larger drain on state and federal coffers than current government assistance.

Liberal bullshit at it's finest.

justinr
Marine

December 29th, 2014 @ 8:52AM

Registered:
2003-04-13
Location:
Houston, TX
Posts: 273
What a racist homophobic woman hating bigot, Charkoth
BiVRiP
General

December 29th, 2014 @ 9:27PM

Registered:
2003-05-11
Location:
Canada
Posts: 2345
Putting aside the content of the article, why should we be singling out Walmart? This site does a pretty good job of summing it up:
http://walmart1percent.org/how-rich-are-the-waltons/

They have the means and the resources to vastly improve the quality of life for their employees with virtually no tangible impact to their lifestyle. Except that that don't and depend on the tax payer to help subsidize their employees income. The article I quoted hits the nail on the head. They are modern age robber barons.

There's something seriously wrong when the owners of a company are the 6-9th richest people in America (latest Forbes ranking) while the majority of their employees struggle to even feed themselves.

Government assistance programs aren't the problem, they are the symptom.
Charkoth
Right Wing Extremist

December 31st, 2014 @ 9:38AM

Registered:
2003-05-08
Location:
OHIO
Posts: 2764
That article linked is a laughable sob-story. What a bunch of garbage statistics. Who cares how you slice how much they make an hour?

If they tried to dump all their shares on the market, Walmart stocks would plummet and millions of retirees would lose a ton of equity in their retirement income. Either way, those shares represent an investment and that investment reaps positive returns. A "Robber Baron" has nothing in common with the Waltons other than the fact that all are exceedingly rich.

Walmart workers are poor but they also indicative of the bottom rung of our society. Little to no education, no prior experience or skills needed, and no drug testing or other limiting factors to employment. Without Walmart many of these people would be begging in the streets or worse. I can't count the number of handicapped workers and ancients I've seen at Walmarts across the country...paid for basically doing nothing as a form of charity.

You are right about one thing though....government Assistance programs *are* a symptom....of the mental condition called Liberalism.

Even if Walmart had some nefarious plan to maximize profits at the expense of the tax payer is it the fault of Walmart or the idiots who designed the programs in the first place? The more complex the law...the greater the chance someone will exploit it.

Get rid of assistance, lower personal and corporate tax rates and watch incomes and employment climb.




BiVRiP
General

December 31st, 2014 @ 8:00PM

Registered:
2003-05-11
Location:
Canada
Posts: 2345
They are exceedingly rich at the expense of the very workers who are critical in driving the mechanism of their continued wealth! Nefarious plan? Nope, just plain old greed and the millions of dollars spent on lobbying to craft those very complex laws you speak of. Laws that stack the deck against the poor from improving their social standing.

Get rid of assistance, lower personal and corporate tax rates and watch incomes and employment climb.

30+ years of trickle-down economics practiced to one degree or another and people are still championing this bullshit. You know what happens when you give the rich more money? With few exceptions they hoard it and/or hide it in offshore accounts. And while the rich use an army of tax experts to take advantage of every legal loophole they can, they have the audacity to decry the poor for not paying their fair share (fun fact: bottom 80% of Americans only control 5-7% of the nations wealth while the top 1% wields 43% of the economic pie)..

If you seriously want to improve social mobility and see incomes and employment climb, then the only way to do so is to create and maintain a large and stable middle class. The very group of people who are capable of purchasing the products all those "hard working" rich people are offering.


TED talk of the day: How economic inequality harms societies

Charkoth
Right Wing Extremist

January 2nd, 2015 @ 6:40AM

Registered:
2003-05-08
Location:
OHIO
Posts: 2764
Don't get me wrong, I don't care for the Waltons at all. As far as I'm concerned they're the worst of the worst out of the Mega Rich with the exception maybe of Carlos Slim.

I'm just saying there are large economic interests out there who desire to bring Walmart down and have been aimed at doing so for ages. Take with a grain of salt any "research" done that demonizes Walmart.

True "Trickle-down" economics has never been implemented. We've always half-assed it and coupled it with a liberal dose of socialism but that is an argument unto itself.

I'll check your video out when I get a chance but if it is some comparison between some tiny European country and the US I don't think the comparison will bear merit.



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