You're making the same ol' liberal mistake .... companies don't make billions of dollars. PEOPLE make billions of dollars. PEOPLE are the stock owners that get billions of dollars.
Your grandmother's retirement depends on the money it gets from her retirement plan (which is invested in those companies). Your 401(k) is invested in those companies. Your insurance company is invested in those companies. Your school district is invested in those dollars. Your Christmas Club is invested in those companies.
It's easy to take shots at big companies, because, after all, who would have sympathy for a non-human entity? But, the reality is that those are people - not companies. As soon as you figure that out, you'll be able to discuss economics adequately.
Walmart makes 91 million per day every day. Most of their employees make less than $68.00 per day that they work. How much of that 91 million is distributed to your grandmother's retirement fund?
There is a significant difference between income and profit ... making $91 million per day doesn't mean there is $91 million to spend. In addition, 2.2 million people work for Walmart (how much of the $91 million do they get??)
But, the short answer to your question is 58% of Walmart's PROFIT goes to your grandmother's retirement plan. The Walton family own 42% of the stock.
I would LOVE 42% of 129 Billion dollars which is what Walmart's profits were last year, play again you poor indoctrinated soul.
You probably want the 58% of 129 billion dollars your grandma gets, too, huh?
Got any idea just how stupid your rant about the rich really sounds??? According to the figures provided, Walmart is growing $33.2 BILLION a year (91 million x 365). Out of that, they get $129 billion in profit??
So, they get more profit than they do income? Man, you guys will buy anything!!! Your slavish devotion to the party line exceeds all credibility. You guys just swallow this BS without even tasting it.
Amazing - sad, but amazing.
I do not want any of the money for myself, I want our government to use it to create better infrastructure and fund research into medicine, sustainable energy, sustainable agriculture, etc.
Those are the figures that your source provided, if you do a quick search for walmarts reported profit for the 2014 fiscal year you come up with the 129 billion, you do realize that by growth they mean that they earned 33.2 billion dollars MORE than they did the previous fiscal year. But even if that one individual company only made a measly *chuckles* 33.2 billion dollars, that still gives the Walton Family around 15 billion dollars a year, I don't think my family could spend that kind of money if we were trying.
I have no party line, I want to see the democrats burn just as badly as the republicans, neither of them are doing anything to try and fix our country's problems.