- Apr 1, 2011
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Rich people are imperfect, just like poor people. However, Alice Walton did not create the retail Empire. Sam Walton did, and the world is a better place as a result. Walmart has done more for the poor than all the welfare programs put together.Communist propaganda. The article is based on the theory that Walmart is obligated to pay some arbitrary wage determined by commies like you. Of course, this theory isn't supported by any accepted principles of ethics, morality, government or economics.How are workers and local community leaders "steak holders?" What part of the money to build the factory did the provide?Right. That's what I assumed you were talking about. But again, doesn't that just put us back the same boat? How do we choose this group of "public stakeholders", and how do we ensure they work for the benefit of society?Public stakeholders might start with expanding the board of directors of large corporations to include hourly workers and local community leaders. German corporations have functioned under similar conditions for decades, and many of them did not move to China when major US corporations chose to shutter their homeland facilities and learn Mandarin.Right. That's what I assumed you were talking about. But again, doesn't that just put us back the same boat? How do we choose this group of "public stakeholders", and how do we ensure they work for the benefit of society?Workers and the local community's tax base have a much bigger stake in Walmart than the useless eaters ol' Sam Walton left behind:How are workers and local community leaders "steak holders?" What part of the money to build the factory did the provide?
Walmart On Welfare -- The National Memo
"American taxpayer money explains almost a third of Walmart’s worldwide pretax profits last year. But that understates the scale of taxpayer assistance to the retailer, which made 29 percent of its sales overseas last year.
"Figure about 44 percent of Walmart’s domestic pretax profits were contributed by local, state and federal taxpayers directly and indirectly, based on company disclosure statements."You're offering the Waltons as examples of ethics and morality?Communist propaganda. The article is based on the theory that Walmart is obligated to pay some arbitrary wage determined by commies like you. Of course, this theory isn't supported by any accepted principles of ethics, morality, government or economics.
https://www.nationalmemo.com/walmart-welfare/
"The best-known heir of the retailing innovator Sam Walton, his daughter Alice, 64, has a long history of drunk-driving accidents, including killing a woman hit by her vehicle.
"While repeat drunk drivers are routinely prosecuted in most jurisdictions, often as a matter of policy, and upon conviction get the time behind bars their conduct deserves, to date no law enforcement agency has seen fit to prosecute Alice Walton.
"Instead she basks in the glow of encomiums for the philanthropy enabled by the fortune her father built and boosted by the steady flow of money taxpayers are forced to give her, her relatives and other Walmart investors."