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Thread: Who is it that keeps saying competition is good for the consumer?

  1. #21
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    Quote Originally Posted by KnotaFrayed View Post
    Democrats? "Liberals"?

    The largest employers in each US state - Business Insider

    This Map Shows the Largest Employer in Every State

    The Largest Employer in Every State - 24/7 Wall St.

    The average wage at Walmart is?

    The average net worth of the Walton family members involved in the ownership is?

    Keep wages low, the already wealthy, more wealthy?

    Is the swamp drained or enlarged?

    So, how many corporations are planning on hiring more Americans at what sort of wages, with their tax cuts? How many are planning to continue to do, what they have already done, with their RECORD profits?
    How does being the largest employer equate with greed? Shouldn't you explain that first before attempting to use one point the prove the other?

    If I were truly greedy, I'd minimize my employees while maximizing my wealth. Thus you'd need a formula like number of people employed versus company networth and that would give you a ratio.

    Walmart really doesn't sounds so greedy because they employ so many to generate their wealth. If they were smart they'd be more like Apple, Microsoft and Facebook. They'd import engineers with H1B visa's to keep their wages suppressed. Then they'd export all their manufacturing abroad in China. They'd generate massive profits and elaborate tax schemes to avoid paying any taxes on it but they'd be fine because they's virtue signal appropriately and be camped out in blue states that leave them alone.

  2. #22
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    Greed isn't the problem. The lack of anti-trust regulation is the problem. WalMart is just doing what businesses do in an unfettered free market economy: they're pressing their economic advantage on all fronts to get more powerful and more wealthy by any means available.

    That's what they're supposed to do.

    And we are supposed to recognize that they control such an enormous chunk of the market that they are killing competition and totally distorting the economy, and split them up. I would think it would be obvious that we need to plan to go through that every 20-30 years, to clean up the TBTF giants that rise up as capitalism does what it always does, develop monopolies.
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  3. #23
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    Quote Originally Posted by trumptman View Post
    How does being the largest employer equate with greed? Shouldn't you explain that first before attempting to use one point the prove the other?

    If I were truly greedy, I'd minimize my employees while maximizing my wealth. Thus you'd need a formula like number of people employed versus company networth and that would give you a ratio.

    Walmart really doesn't sounds so greedy because they employ so many to generate their wealth. If they were smart they'd be more like Apple, Microsoft and Facebook. They'd import engineers with H1B visa's to keep their wages suppressed. Then they'd export all their manufacturing abroad in China. They'd generate massive profits and elaborate tax schemes to avoid paying any taxes on it but they'd be fine because they's virtue signal appropriately and be camped out in blue states that leave them alone.
    Really????? This has to be explained to you?

    The average wage of a Walmart employee is what?

    The average net worth of the Walton's who own Walmart is what? How do YOU define GREED?

    Walmart was fought in many states and communities, why?

    Look it up. But somehow, based on the level of being informed and intelligence displayed by some here, there appears to be no demonstration of any effort to be anything, but POLITICAL!!!

    Think of it this way.

    Someone who makes $10 an hour pays what in taxes if the tax rate was 10%?

    Someone who makes $15 an hour (still not a lot of money) pays what in taxes if the rate is 10%

    If one is concerned about deficit spending and the national debt, how does the debt (and interest paid on it) get paid down by lowering tax revenue?

    How is the economy "stimulated" by giving the ALREADY wealthy further tax cuts and keeping average wages low or lagging behind inflation?

    If the Walton owners made a little less (and still be filthy rich) so their employees could be paid more, that would be one step, if, instead of putting every small local business owner out of business because they cannot compete with the behemoth, those small businesses were allowed to stay in place and flourish and if one or two of them fail, it has less of an effect than someone like Walmart failing or pulling out of a locality, much less a state, being a SINGULAR AND the largest employer, what happens then?

    It's more than a little odd or contradictory that many of the same people that do NOT like a large central government seem pleased as punch with a LARGE central business and employer, as already mentioned, presenting not only a monopoly and lack of competition, a "company store" type of dependency upon ONE employer who does NOT pay enough for its employees to shop anywhere else, but the store that employs them. If Walmart goes south (economically) or pulls out of these localities and states that depend upon them for employment (low wage employment) it should not take a lot of brainpower to do the math.
    Last edited by KnotaFrayed; 18th December 2017 at 10:56 AM.

  4. #24
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    Quote Originally Posted by namvet69 View Post
    Yeah, and companies are more likely to use the tax windfall to further automate, not take on new hires or pay higher wages. An audience of CEO's was asked for a show of hands of those who plan to expand their businesses and out of hundreds in that audience 5 hands went up. 5
    Saw a roundtable with fast food CEOs and the one thing they kept mentioning was how expensive employees were with healthcare, benefits etc. One guy said "why would anyone choose a human with those conditions?"

  5. #25
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    Quote Originally Posted by KnotaFrayed View Post
    Really????? This has to be explained to you?

    The average wage of a Walmart employee is what?

    The average net worth of the Walton's who own Walmart is what? How do YOU define GREED?

    Walmart was fought in many states and communities, why?

    Look it up. But somehow, based on the level of being informed and intelligence displayed by some here, there appears to be no demonstration of any effort to be anything, but POLITICAL!!!

    Think of it this way.

    Someone who makes $10 an hour pays what in taxes if the tax rate was 10%?

    Someone who makes $15 an hour (still not a lot of money) pays what in taxes if the rate is 10%

    If one is concerned about deficit spending and the national debt, how does the debt (and interest paid on it) get paid down by lowering tax revenue?

    How is the economy "stimulated" by giving the ALREADY wealthy further tax cuts and keeping average wages low or lagging behind inflation?

    If the Walton owners made a little less (and still be filthy rich) so their employees could be paid more, that would be one step, if, instead of putting every small local business owner out of business because they cannot compete with the behemoth, those small businesses were allowed to stay in place and flourish and if one or two of them fail, it has less of an effect than someone like Walmart failing or pulling out of a locality, much less a state, being a SINGULAR AND the largest employer, what happens then?

    It's more than a little odd or contradictory that many of the same people that do NOT like a large central government seem pleased as punch with a LARGE central business and employer, as already mentioned, presenting not only a monopoly and lack of competition, a "company store" type of dependency upon ONE employer who does NOT pay enough for its employees to shop anywhere else, but the store that employs them. If Walmart goes south (economically) or pulls out of these localities and states that depend upon them for employment (low wage employment) it should not take a lot of brainpower to do the math.
    I understand your baseline assumption and why it makes you feel good. It's just wrong. You can't beat zero. If my company is worth $100 billion and your company is worth $100 billion and I have to higher tens of thousands of people be it at $6-$10 an hour and you don't have to hire them at all. You are ahead in terms of profits. Apple makes their profit with 80,000 employees while Walmart has to employ over 2.1 million people to make their profits an obviously Apple makes a lot more profit, has a higher profit margin, etc.

    Total employee count is in no form or fashion any measure of profitability. Work with facts.

  6. #26
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    Competition is the key. If companies were not allowed to become TBTF, they would have to compete for employees, like they used to. As they consolidate, as wealth and power are concentrated into fewer and fewer entities, the free market disappears. How is there a free market if companies do not have to compete to attract workers?

    I find it impossible to believe that people do not understand the hazards of TBTF at this point. They keep posting the same bullshit mindless talking points up here but they get it. They're just pretending they don't get it because if they ever stepped outside the Fox News crib they wouldn't know what to do with their thoughts.
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