Warren and the Divine Right of Capital: Accountable Capitalism Act

[georgephillip]

Marxist economics sucks

You could've just expressed that belief directly to begin with and been done with it. George or no.

Sounds like you disagree.

No, I believe you feel "Marxist economics sucks".

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

 

[dblack]

You could've just expressed that belief directly to begin with and been done with it. George or no.

Sounds like you disagree.

No, I believe you feel "Marxist economics sucks".

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

Does it have cartoons and memes like the one's you post?

 

[Grumblenuts]

Richard Wolff has been a Marxist economist for decades

Richard David Wolff is an American Marxian economist, known for his work on economic methodology and class analysis. Wikipedia

I love listening to his warm, punchy, well considered commentaries. A great teacher and asset to labor.

 

[georgephillip]

Sounds like you disagree.

No, I believe you feel "Marxist economics sucks".

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

Does it have cartoons and memes like the one's you post?

Does it have cartoons and memes like the one's you post?

Don't hurt yourself
https://www.amazon.com/Understanding-Marxism-Richard-D-Wolff/dp/0359467024&tag=ff0d01-20

 

[dblack]

No, I believe you feel "Marxist economics sucks".

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

Does it have cartoons and memes like the one's you post?

Does it have cartoons and memes like the one's you post?

Don't hurt yourself
https://www.amazon.com/Understanding-Marxism-Richard-D-Wolff/dp/0359467024&tag=ff0d01-20

$25 for a pamphlet? Greedy bastard.

 

[Andylusion]

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?
If they are able, some of them might start their own company and get to do things their way.

Employees can buy stock then just like everyone else. Then they can work and they can claim wealth they do little to create .... both. See how that works?

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business

People like my don't believe corporations deserve legal personhood without being subject to the same moral standards as human beings.

People like you are for sale to the highest bidder:

Accountable Capitalism Act - Wikipedia

"Also, 'In the early 1980s, America's biggest companies dedicated less than half of their profits to shareholders and reinvested the rest in the company. But over the last decade, big American companies have dedicated 93% of earnings to shareholders - redirecting trillions of dollars that could have gone to workers or long-term investments. The result is that booming corporate profits and rising worker productivity have not led to rising wages.'"

Again, 401K are typically invested in stock. Union Pensions, and public pensions are typically invested in stock. Annuities and life insurance investments, are typically invested in stock.

Distributing money to shareholders is not a negative. WE are the shareholders.

And if you know that profits are being distributed to shareholders..... then go buy some stock, and be a shareholder.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

Lastly, profits rarely if ever results in rising wages. Nor should it.

Let's take a mom&pop restaurant.

They pay $10/hour to be cashier, and barely make $100,000 a year on the store.

That store can't pay much more than $10/hour, because the amount of money they bring in is just enough for them to make a decent profit from.

Now if they open an identical store elsewhere... the math is still the same. They are going to pay the cashier $10/hour. The new store itself isn't going to generate a higher profit, so they can pay the worker $20/hour to be cashier.

But the owners doubled their income. They are now collecting $200,000 a year.

Say they open 10 stores. Again, each store has identical math. The cashier is still going get paid $10/hour. But the owners with 10 stores, are generating $1,000,000 income. But the math at each store is the same. You can't pay the cashier $100/hour, because the owner is earning 10 times as much.

So the idiotic idea that worker pay should increase with CEO pay, is ridiculously idiotic and ignorant, and foolish, and the dumbest crap that the left-wing believes in. People who think that dumb, obviously have never run any kind of business ever.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

 

[georgephillip]

Not your money, none of your business.

Society's business.

But not government's.

But not government's.

In a capitalist economy, business will control the largest share of private wealth. What other institution besides government has the power to prevent an outright aristocracy from forming?

 

[georgephillip]

Sounds like you disagree.

No, I believe you feel "Marxist economics sucks".

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

Does it have cartoons and memes like the one's you post?

Noam Chomsky - Libertarian Marxism

 

[georgephillip]

Are you hoping for some Marxist economics?

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

Too incoherent, I'm afraid. Did you mean Marxian economics? If so, it's just a school of thought, and no, not particularly. I've read and heard plenty. But if someone like George has something related, fresh, and interesting to share I'm fine with considering it.

I've discovered the subject too late to provide any fresh or interesting insights, but Richard Wolff has been a Marxist economist for decades, and he has some thoughts:

‘Understanding Marxism,’ understanding ‘Wolff-ism’

"To supply this growing demand, Wolff has self-published a 100-page text that’s somewhere between being a book and a pamphlet entitled Understanding Marxism.

"Like his personal appearances in the media and his lectures, this new text makes a valuable contribution to critiquing capitalism and enlightening readers with the socialist alternative.

"As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from the critical tradition.'"

Does it have cartoons and memes like the one's you post?

Does it have cartoons and memes like the one's you post?

Don't hurt yourself
https://www.amazon.com/Understanding-Marxism-Richard-D-Wolff/dp/0359467024&tag=ff0d01-20

$25 for a pamphlet? Greedy bastard.

$25 for a pamphlet? Greedy bastard.

$8.69.
Perhaps Trump can arrange a loan?
https://www.amazon.com/dp/B07T9G41QN/?tag=ff0d01-20

 

[georgephillip]

What kind of stock? The version that comes with voting rights? Only one percent of the total value of equity on Wall Street is actually investment, i.e., new money going into firms. The remaining 99% is pure speculation. It's like buying a new car where the money goes to the car maker as opposed to buying a used car where the money goes to its previous owner.

The Divine Right of Capital by Marjorie Kelly: A Summary

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business

People like my don't believe corporations deserve legal personhood without being subject to the same moral standards as human beings.

People like you are for sale to the highest bidder:

Accountable Capitalism Act - Wikipedia

"Also, 'In the early 1980s, America's biggest companies dedicated less than half of their profits to shareholders and reinvested the rest in the company. But over the last decade, big American companies have dedicated 93% of earnings to shareholders - redirecting trillions of dollars that could have gone to workers or long-term investments. The result is that booming corporate profits and rising worker productivity have not led to rising wages.'"

Again, 401K are typically invested in stock. Union Pensions, and public pensions are typically invested in stock. Annuities and life insurance investments, are typically invested in stock.

Distributing money to shareholders is not a negative. WE are the shareholders.

And if you know that profits are being distributed to shareholders..... then go buy some stock, and be a shareholder.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

Lastly, profits rarely if ever results in rising wages. Nor should it.

Let's take a mom&pop restaurant.

They pay $10/hour to be cashier, and barely make $100,000 a year on the store.

That store can't pay much more than $10/hour, because the amount of money they bring in is just enough for them to make a decent profit from.

Now if they open an identical store elsewhere... the math is still the same. They are going to pay the cashier $10/hour. The new store itself isn't going to generate a higher profit, so they can pay the worker $20/hour to be cashier.

But the owners doubled their income. They are now collecting $200,000 a year.

Say they open 10 stores. Again, each store has identical math. The cashier is still going get paid $10/hour. But the owners with 10 stores, are generating $1,000,000 income. But the math at each store is the same. You can't pay the cashier $100/hour, because the owner is earning 10 times as much.

So the idiotic idea that worker pay should increase with CEO pay, is ridiculously idiotic and ignorant, and foolish, and the dumbest crap that the left-wing believes in. People who think that dumb, obviously have never run any kind of business ever.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

 

[Toddsterpatriot]

Not your money, none of your business.

Society's business.

But not government's.

But not government's.

In a capitalist economy, business will control the largest share of private wealth. What other institution besides government has the power to prevent an outright aristocracy from forming?

In a capitalist economy, business will control the largest share of private wealth.

Oh gosh, people freely buying products with their own money. Just awful!

 

[Toddsterpatriot]

Again, you act like this is bad somehow. I had a friend that put a large down payment on a car, with the Walmart stock she purchased through the employee purchase program.

This entire discussion is absolutely stupid.

1. Non-voting stocks still have legal rights. You might not be able to vote on say who is on the board of directors, but most non-voting stock still can vote on things like whether the company can issue new shares. Things that directly affect the value of the stock, stock holders still have a vote on.

2. Non-voting stock still have legal rights to assets of the company. If the company were to sell off, non-voting stock still have a legal right to the companies assets. That has value.

3. Even with non-voting stock, they still have legal rights that can be used to petition the court to force a vote, if they have grounds the company is not being fair to common stock holders.

But here's the real bottom line... Non-voting stock is rare.

If *YOU* do not like non-voting stock, or stocks without dividends..... THEN DO NOT BUY THEM.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business.

Why do people like you, think somehow you know what other people should, and should not do with their own money? Mind your own business

People like my don't believe corporations deserve legal personhood without being subject to the same moral standards as human beings.

People like you are for sale to the highest bidder:

Accountable Capitalism Act - Wikipedia

"Also, 'In the early 1980s, America's biggest companies dedicated less than half of their profits to shareholders and reinvested the rest in the company. But over the last decade, big American companies have dedicated 93% of earnings to shareholders - redirecting trillions of dollars that could have gone to workers or long-term investments. The result is that booming corporate profits and rising worker productivity have not led to rising wages.'"

Again, 401K are typically invested in stock. Union Pensions, and public pensions are typically invested in stock. Annuities and life insurance investments, are typically invested in stock.

Distributing money to shareholders is not a negative. WE are the shareholders.

And if you know that profits are being distributed to shareholders..... then go buy some stock, and be a shareholder.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

Lastly, profits rarely if ever results in rising wages. Nor should it.

Let's take a mom&pop restaurant.

They pay $10/hour to be cashier, and barely make $100,000 a year on the store.

That store can't pay much more than $10/hour, because the amount of money they bring in is just enough for them to make a decent profit from.

Now if they open an identical store elsewhere... the math is still the same. They are going to pay the cashier $10/hour. The new store itself isn't going to generate a higher profit, so they can pay the worker $20/hour to be cashier.

But the owners doubled their income. They are now collecting $200,000 a year.

Say they open 10 stores. Again, each store has identical math. The cashier is still going get paid $10/hour. But the owners with 10 stores, are generating $1,000,000 income. But the math at each store is the same. You can't pay the cashier $100/hour, because the owner is earning 10 times as much.

So the idiotic idea that worker pay should increase with CEO pay, is ridiculously idiotic and ignorant, and foolish, and the dumbest crap that the left-wing believes in. People who think that dumb, obviously have never run any kind of business ever.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

 

[georgephillip]

Not your money, none of your business.

Society's business.

But not government's.

But not government's.

In a capitalist economy, business will control the largest share of private wealth. What other institution besides government has the power to prevent an outright aristocracy from forming?

In a capitalist economy, business will control the largest share of private wealth.

Oh gosh, people freely buying products with their own money. Just awful!

In a capitalist economy, business will control the largest share of private wealth.

Oh gosh, people freely buying products with their own money. Just awful!

Greedy capitalists piggies hoarding trillions of consumer dollars to bribe corrupt politicians; who knew?

Bet you're surprised.

 

[georgephillip]

People like my don't believe corporations deserve legal personhood without being subject to the same moral standards as human beings.

People like you are for sale to the highest bidder:

Accountable Capitalism Act - Wikipedia

"Also, 'In the early 1980s, America's biggest companies dedicated less than half of their profits to shareholders and reinvested the rest in the company. But over the last decade, big American companies have dedicated 93% of earnings to shareholders - redirecting trillions of dollars that could have gone to workers or long-term investments. The result is that booming corporate profits and rising worker productivity have not led to rising wages.'"

Again, 401K are typically invested in stock. Union Pensions, and public pensions are typically invested in stock. Annuities and life insurance investments, are typically invested in stock.

Distributing money to shareholders is not a negative. WE are the shareholders.

And if you know that profits are being distributed to shareholders..... then go buy some stock, and be a shareholder.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

Lastly, profits rarely if ever results in rising wages. Nor should it.

Let's take a mom&pop restaurant.

They pay $10/hour to be cashier, and barely make $100,000 a year on the store.

That store can't pay much more than $10/hour, because the amount of money they bring in is just enough for them to make a decent profit from.

Now if they open an identical store elsewhere... the math is still the same. They are going to pay the cashier $10/hour. The new store itself isn't going to generate a higher profit, so they can pay the worker $20/hour to be cashier.

But the owners doubled their income. They are now collecting $200,000 a year.

Say they open 10 stores. Again, each store has identical math. The cashier is still going get paid $10/hour. But the owners with 10 stores, are generating $1,000,000 income. But the math at each store is the same. You can't pay the cashier $100/hour, because the owner is earning 10 times as much.

So the idiotic idea that worker pay should increase with CEO pay, is ridiculously idiotic and ignorant, and foolish, and the dumbest crap that the left-wing believes in. People who think that dumb, obviously have never run any kind of business ever.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

It's your tax dollars, Kulak.
Why aren't you outraged?

 

[Grumblenuts]

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Simply "slaves" is a poor word choice. Wage slaves obviously, but there's nothing inherently wrong with that. Such folks could easily be seen as the heroes of our nation. Only, they have no choice in the matter. No agency. No power. That's why they're called "slaves." Some -one or -thing controls ("owns") them. Willing slaves, perhaps, but that's self-contradictory and insulting to actual slaves, past or present. No, Andy is just a natural product of our shitty culture. A clueless, self-loathing nincompoop,.. regurgitating tons of the vomit he's gluttonously ingested, so desperate now to feel better about himself.

 

[Toddsterpatriot]

Not your money, none of your business.

Society's business.

But not government's.

But not government's.

In a capitalist economy, business will control the largest share of private wealth. What other institution besides government has the power to prevent an outright aristocracy from forming?

In a capitalist economy, business will control the largest share of private wealth.

Oh gosh, people freely buying products with their own money. Just awful!

In a capitalist economy, business will control the largest share of private wealth.

Oh gosh, people freely buying products with their own money. Just awful!

Greedy capitalists piggies hoarding trillions of consumer dollars to bribe corrupt politicians; who knew?

Bet you're surprised.

Oh no! People using their own money to petition government for redress of grievances.

There ought to be a law!!!

 

[Toddsterpatriot]

Again, 401K are typically invested in stock. Union Pensions, and public pensions are typically invested in stock. Annuities and life insurance investments, are typically invested in stock.

Distributing money to shareholders is not a negative. WE are the shareholders.

And if you know that profits are being distributed to shareholders..... then go buy some stock, and be a shareholder.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

Lastly, profits rarely if ever results in rising wages. Nor should it.

Let's take a mom&pop restaurant.

They pay $10/hour to be cashier, and barely make $100,000 a year on the store.

That store can't pay much more than $10/hour, because the amount of money they bring in is just enough for them to make a decent profit from.

Now if they open an identical store elsewhere... the math is still the same. They are going to pay the cashier $10/hour. The new store itself isn't going to generate a higher profit, so they can pay the worker $20/hour to be cashier.

But the owners doubled their income. They are now collecting $200,000 a year.

Say they open 10 stores. Again, each store has identical math. The cashier is still going get paid $10/hour. But the owners with 10 stores, are generating $1,000,000 income. But the math at each store is the same. You can't pay the cashier $100/hour, because the owner is earning 10 times as much.

So the idiotic idea that worker pay should increase with CEO pay, is ridiculously idiotic and ignorant, and foolish, and the dumbest crap that the left-wing believes in. People who think that dumb, obviously have never run any kind of business ever.

Further, I don't even believe you. I looked up Walmart's Shareholder report just last year, and only about 1/8th of their profits went to shareholders. The majority of the money went into capital investments. New stores, renovating old stores, and marketing and such.

How much went to accidents of birth?

Report: Wal-Mart Heirs Are “Phony Philanthropists”

"'The Waltons are using their foundation to game the system. At almost no cost to themselves and with the help of financial experts, they have funneled money to their foundation from special trusts to avoid paying an estimated $3 billion in estate taxes,' Jessie Spector of Resource Generation, a group that helps wealthy young people become transformative leaders, said in a press release."

You post that like it matters. Like you made some sort of point.

Years ago, I had a garbage vacuum sweeper. I found the sweeper I wanted, but at one store it was $70, and another store it was $60. I went to Walmart, and the exact identical sweeper was $47. I still use that sweeper to this day, now 10 years later.

Which is better.... to give out a some money to help people who refuse to work for a living? Some donation to a charity that helps people hooked on drugs by choice?

Or a company that provides goods and services cheaper to working people like me?

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart.

In contrast, who has ever benefited from you? No one.

MOVEOVER... your entire post is a fraud to begin with. Net Worth, has nothing to do with liquid cash. Just because someone has a large net worth, has nothing to do with how much cash they could give to charity.

For example, my parents are millionaires. But their retirement income is only a couple thousand a month. Just because they own a lake house worth $400,000, doesn't mean that when the roof spring a leak last year, that they just had piles of cash laying around to fix it. They had to save up money from their retirement income, and then fix the roof.

Similarly, I have no idea how much liquid cash income the Walton's have each month. But even if they were collecting $500,000 a year, and giving 50% of that to charity, it wouldn't be but a few tenths of a percent of their net worth.

Still a ton more than some left-winger like you has ever given.... so shut up sparky.

LASTLY....

What business is it of yours? Did you have parents that taught you to mind your own freakin business? Even if the Walton's were to give 50% of their entire networth.. it wouldn't help any working man, and it still wouldn't be any of your business.

Learn what your grand parents should have taught your parents..... MIND.... YOUR.... OWN.... BUSINESS.

Stop being a greed and envy driven prick.

People like me, who don't have tons of money laying around to buys stuff, benefit a great deal from the Waltons. In fact, even those of us who don't shop Walmart have benefited from the Waltons, because more expensive stores, have lowered their prices, to compete with Walmart

People like you are slaves.
Do humanity a favor and die.

Report: Wal-Mart Heirs Are “Phony Philanthropists”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice, in a press release announcing the publication of the report. “Many of them rely on taxpayer-funded programs like food stamps to provide for their families.”

“Workers have been calling on the company to pay a minimum of $25,000, offer full-time work, and end retaliation against workers who speak out for better jobs,” she added. “The Waltons could earn goodwill and public respect by improving conditions for workers and their families.”

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

“While the Waltons accumulate $8.6 million per day in Walmart dividends, Walmart workers are struggling to get by,” said Sarita Gupta, executive director of Jobs with Justice

Walmart workers are free to take their skills elsewhere. Maybe "Jobs with Justice" can hire a few hundred thousand of them?

It's your tax dollars, Kulak.
Why aren't you outraged?

You're free to argue that government should end spending on food stamps. Good luck!!

I wonder if workers would need more or fewer food stamps if WalMart fired them?
If shoppers would benefit or be harmed if WalMart didn't accept food stamps?

 

[Grumblenuts]

Mom and Pop called. Said to tell you "Math ain't that hard. You're just an idiot. A willing tool. Putty in the hands of your careless oppressors."

 

[dblack]

But not government's.

In a capitalist economy, business will control the largest share of private wealth. What other institution besides government has the power to prevent an outright aristocracy from forming?

Society.

This is what socialists don't get. In a free market, people accumulate wealth because society wants them to have it. As long as they're not being coerced by horseshit regulation, or ripped off by thieves and fraudsters, consumers spend their money on what they value. People get rich because society wants them to be rich.

 

[dblack]

People like you are slaves.
Do humanity a favor and die.

Socialism is the ultimate expression of slavery. It assumes people are a resource, owned by the state, to be used for the benefit of the state. I'm not an ant. I'll pass.