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Thursday, November 24, 2016

Thanksgiving & Greed



the good ones...

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Fun fact: 
Walmart's CEO made $18.7 million in 2010.
Wal-Mart’s profits, like those of other low-wage employers, are already subsidized with public assistance that allows their workers to get by. Studies have found that a single Wal-Mart store in Wisconsin costs taxpayers between $900,000 and $1.7 million per year in public benefits.

They sell stuff too cheaply; their profits are subsidised by low wages and, indirectly, by public assistance. It's an exploitative business model that does not exist in civilized countries where companies are forced to pay a livable wage. It's a de facto slavery when Walmart kills off other businesses that do pay fair wages, and then the locals' only option, short of leaving the county, is to take a job there. 
Also, who thinks Walmart does anything to support American manufacturing? Walmart sells only the stuff made by low wage earners in other places and sells almost nothing made in the USA. They should pay livable wages and raise prices and they would do fine because now in many places they are a virtual monopoly. 
- R Colvill

Ashton Kutcher   vs.   Wal-Mart:

Epic Twitter clash rages over poverty wages 

Kutcher slams retailer: “You should be proud of your associates but I’m not sure if they should be proud of you” 


The Waltons

Are the Greediest Family

in the World

Four members of the Walton family, heirs to Sam Walton's Wal-Mart fortune, are collectively worth more than $100 billion— more wealth than the entire bottom 40% of Americans. They are doing everything in their power not to give up a penny more than they have to. 

Source: http://gawker.com/the-waltons-are-the-greediest-family-in-the-world-1300311273
The company was founded by Sam Walton in 1962, incorporated on October 31, 1969, and publicly traded on the New York Stock Exchange in 1972. Wal-Mart, headquartered in Bentonville, Arkansas, is the largest majority private employer Walmart is also the largest grocery retailer in the United States. In 2009, it generated 51% of its US$258 billion sales in the U.S. from grocery business. It also owns and operates the Sam's Club retail warehouses in North America.
Walmart has 8,500 stores in 15 countries, under 55 different names. The company operates under its own name in the United States, including the 50 states. It also operates under its own name in Puerto Rico. It operates in Mexico as Walmex, in the United Kingdom as Asda, in Japan as Seiyu, and in India as Best Price. 
It has wholly owned operations in Argentina, Brazil, and Canada. Walmart's investments outside North America have had mixed results: its operations in the United Kingdom, South America and China are highly successful, while it was forced to pull out of Germany and South Korea when ventures there were unsuccessful.
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