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.
