Walmart Employees Getting a Raise

[SwimExpert]

Because they own it and they can do what they want

The shareholders own the $1 trillion dollars from stock buybacks today because regulations were overturned in 1982 which classified buybacks as a form of illegal stock manipulation. That same 1 billion dollars that once went to wages now goes to corporate profits because rich shareholders and corporate executives bribed government to make it happen.
Billionaire Hanauer Hammers Stock Buybacks The Nader Page

So....you agree. They own it and can do whatever they want with it.

 

[georgephillip]

So....you agree. They own it and can do whatever they want with it.

Shareholders currently have the legal right to that $1trillion.

 

[EdwardBaiamonte]

So....you agree. They own it and can do whatever they want with it.

Shareholders currently have the legal right to that $1trillion.

yes, its sort like when you own your house you have the legal right to it. Libcommies of course would like to change that since they oppose individual liberty.

 

[georgephillip]

yes, its sort like when you own your house you have the legal right to it. Libcommies of course would like to change that since they oppose individual liberty.

Shareholders, of course, wouldn't have a "right" to that $1 trillion if they hadn't bribed politicians in 1982 to roll back regulations on stock manipulation unlike most homeowners who don't steal to pay off their mortgage.

 

[sealybobo]

So....you agree. They own it and can do whatever they want with it.

Shareholders currently have the legal right to that $1trillion.

yes, its sort like when you own your house you have the legal right to it. Libcommies of course would like to change that since they oppose individual liberty.

You guys want to take over the government so you can have liberty to our money.

That's what you want. You want it to be legal for wolves to raid the chicken coop.

 

[EdwardBaiamonte]

Shareholders, of course, wouldn't have a "right" to that $1 trillion if they hadn't bribed politicians in 1982 to roll back regulations on stock manipulation unlike most homeowners who don't steal to pay off their mortgage

typical scummy liberal liar. If thats true I'll pay you $10,000. Bet?? or run away admiting to being a scummy liberal liar.

 

[EdwardBaiamonte]

You guys want to take over the government so you can have liberty to our money.

our money????? in what sense is it "our money"????? If it was our money we would have possession of it and not have to use govt to steal for us at the point of a gun?

the liberal definition of our money is that which the govt steals for us at the point of a gun from those who obtained it in voluntary peaceful relationships.

 

[georgephillip]

typical scummy liberal liar. If thats true I'll pay you $10,000. Bet?? or run away admiting to being a scummy liberal liar.

"Under the Securities Exchange Act of 1934, large-scale stock repurchases can be construed as an attempt to manipulate a company's stock price. In November 1982, however, SEC Rule 10b-18 changed all that."
Pay up, Neocon.
Maybe you can sell a few Wal-Mart shares?
How the SEC Let the Wolves into the Stock Market Chicken Coop Next New Deal

 

[EdwardBaiamonte]

typical scummy liberal liar. If thats true I'll pay you $10,000. Bet?? or run away admiting to being a scummy liberal liar.

"Under the Securities Exchange Act of 1934, large-scale stock repurchases can be construed as an attempt to manipulate a company's stock price. In November 1982, however, SEC Rule 10b-18 changed all that."
Pay up, Neocon.
Maybe you can sell a few Wal-Mart shares?
How the SEC Let the Wolves into the Stock Market Chicken Coop Next New Deal

too stupid and liberal you said politicians were bribed to adopt 10b. Where is your evidence that they were bribed?? Too slow to be here??

 

[sealybobo]

You know that more harassment will be doled out, mismanagement is free....

How come republicans didn’t care in 2015 but they are bragging now?

Any question Walmart execs are trump supporters?

Companies like Walmart don’t give raises when profits are up why would a tax break change them? That recent raise was to win the Walmart vote

 

[sealybobo]

"Wal-Mart has spent [over ten years] more than$65.4 billion on stock buybacks — about 47 percent of its profits.

"That’s an average of more than $6.5 billion a year in stock buybacks, enough to give each of its 1.4 million U.S. workers a $4,670-a-year raise.

"It is also, coincidentally, an amount roughly equivalent to the estimated $6.2 billion Wal-Mart costs U.S. taxpayers every year in food stamps, Medicaid, subsidized housing, and other public assistance to its many impoverished employees.

"In this context, how can stock buybacks be either morally or economically justified?”

Billionaire Hanauer Hammers Stock Buybacks The Nader Page

Yet today Walmart gave raises because they got a tax break? They must like trump

 

[georgephillip]

"Wal-Mart has spent [over ten years] more than$65.4 billion on stock buybacks — about 47 percent of its profits.

"That’s an average of more than $6.5 billion a year in stock buybacks, enough to give each of its 1.4 million U.S. workers a $4,670-a-year raise.

"It is also, coincidentally, an amount roughly equivalent to the estimated $6.2 billion Wal-Mart costs U.S. taxpayers every year in food stamps, Medicaid, subsidized housing, and other public assistance to its many impoverished employees.

"In this context, how can stock buybacks be either morally or economically justified?”

Billionaire Hanauer Hammers Stock Buybacks The Nader Page

Yet today Walmart gave raises because they got a tax break? They must like trump

I guess they have billion$ of good rea$on$

"In Walmart's case, there are good reasons to be suspicious about the timing of Thursday's announcement.

"For starters, the company has been steadily increasing pay for a few years now, in response to two important facts: The shoddy state of its stores was hurting business, and its competitors were raising pay.

"It's no big surprise to discover that Walmart is following in Target's footsteps with a pay increase, which Target announced months before the tax bill.

"Plus, with unemployment as low as it is, higher wages were likely to become ever more necessary to recruit and retain workers.

"Those trends, not the tax bill, likely drove Walmarts willingness to raise wages.

"The bells and whistles accompanying the announcement were about politics."

https://www.usnews.com/opinion/thom...rts-pay-raise-isnt-because-of-trumps-tax-bill