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Six Waltons Have More Wealth Than the Bottom 30 % of America

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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Henry Vilas » Thu Dec 15, 2011 4:09 pm

Volume of sales. 3% of Walmart's sales is bigger than 100% of most companies.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Ned Flanders » Thu Dec 15, 2011 4:16 pm

Henry Vilas wrote:Volume of sales. 3% of Walmart's sales is bigger than 100% of most companies.

Agreed. But while Wal-Mart is the scourage of the left, their darling, Apple is the real corporte criminal :lol:

By the way, XOM's net profit margin is 8%.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Michael Patrick » Thu Dec 15, 2011 4:22 pm

Ned Flanders wrote: But while Wal-Mart is the scourage of the left


What is a scourage?
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Ned Flanders » Thu Dec 15, 2011 4:44 pm

Others:

SBUX: 11.8%
GOOG: 28.1%
MSFT: 33%
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby bcs89 » Thu Dec 15, 2011 6:26 pm

Ned Flanders wrote:
Michael Patrick wrote:
Ned Flanders wrote:If you know anything about Wal-Mart, you'll know that they're a very frugal company (through the whole retail and supply chain) that passes on those savings to comsumers. .


If all they did was pass the savings on to the customers, then they wouldn't be richer than the bottom 30% of Americans combined. They is passing a whole lot of it on to themselves.


Wal-Mart's net profit margin in 3%; Apple's is 23.4%

Are you concerned?

http://ycharts.com/companies/WMT/profit ... mpCos=AAPL




No fuckin' fair!
I call foul.

You can not post facts that detract from Apple, or S.Jobs - let alone facts that show W-Mart as being no more evil than the majority of other corporations in business today (especially those earmarked for saint hood!).

Its just plain rude.

(and I refuse to feel guilty about my i-phone/i-pad/i-touch/i-pod/i-mac... my god - I'd be an outcast)
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Ned Flanders » Thu Dec 15, 2011 6:53 pm

I know, it's a bitter pill.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby fisticuffs » Thu Dec 15, 2011 7:20 pm

Ned as always you're missing the point (or deliberately avoiding it).
Profit margin wasn't brought up and isn't the basis for any liberals complaint about Walmart although it does factor in in the big picture just not in a way you seem to understand (or deliberately ignore).
Average Salary
Walmart $20,744
Apple $46,000
A healthy profit margin leads (or least should) to higher salaries. Higher salaries are the thing you've been destroying for 30 years while propping up people like the Waltons as people of untouchable virtue. Of course an unreasonably high wage isn't much better for society and seems to go hand in hand with wages and goods from places like Walmart.
For example Goldman Sachs $430,700.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby bcs89 » Thu Dec 15, 2011 7:48 pm

fisticuffs wrote:Ned as always you're missing the point (or deliberately avoiding it).
Profit margin wasn't brought up and isn't the basis for any liberals complaint about Walmart although it does factor in in the big picture just not in a way you seem to understand (or deliberately ignore).
Average Salary
Walmart $20,744
Apple $46,000
A healthy profit margin leads (or least should) to higher salaries. Higher salaries are the thing you've been destroying for 30 years while propping up people like the Walton as people of untouchable virtue. Of course an unreasonably high wage isn't much better for society and seems to go hand in hand with wages and goods from places like Walmart.
For example Goldman Sachs $430,700.


OK, gotcha -

$20,744 = Bad
$46,000 =Good
$430,700 = Obscene

My question, and I'm being completely sincere here - where is the cut-off (bad/good/obscene/should be shot)? And who gets to make that call? Or is it like Pornography - "We'll know it when we see it"?

(and for the record, there are no Walton's on my annual "Recommendation For Sainthood" list)
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Ned Flanders » Thu Dec 15, 2011 7:51 pm

Retail is a low-margin business. It's based on volume and efficiency.

Why don't the Democrats that run Apple and Starbucks decrease their prices to be more in line with WMT and XOM relative to profit margins? That way, many of the disadvantaged victims of the Obama economy could afford iPads and mocha frappuccinos.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby Henry Vilas » Thu Dec 15, 2011 8:18 pm

The statistical mean (average) is often skewed. When those on the top get a huge boost in pay the average might go up, but those at the bottom are still far below.

CEO Pay Jumps 36.5%

You'd think the economy was jumping, given their rise in pay. It must be a 1% thing.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby jonnygothispen » Fri Dec 16, 2011 6:29 pm

bcs89 wrote:No fuckin' fair!
I call foul.

You can not post facts that detract from Apple, or S.Jobs - let alone facts that show W-Mart as being no more evil than the majority of other corporations in business today (especially those earmarked for saint hood!).

Its just plain rude.

(and I refuse to feel guilty about my i-phone/i-pad/i-touch/i-pod/i-mac... my god - I'd be an outcast)
Both you and Ned have to ignore the fact that corporations are exploiting labor overseas to provide cheap goods for us, so we can live on lower wages. Huff and puff your chest out all you like, in the end it's pure exploitation of other people who haven't been able to fight for the labor laws we fought for. The same ones the corporate masters are now taking away with their hired hands/candidates.

Of course you 2 have to ignore the main point to continue along in your spoiled vision w/o feeling the pain of it.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby narcoleptish » Sat Dec 17, 2011 12:00 pm

I seem to remember when Walmart was the "Made in the USA" store. I think that was Sam's original ideal but the kids (and the world) went in a different direction.

I don't shop there now mainly because I do my best to avoid products made in the People's Republic Of Next Years Landfill and I find more things at Target that are not made there. I don't even have the need to go to these stores very often because I've never fallen into the mindset that I gotta have everything that everyone else has. That's the mindset that pushes a lot of people into debt. These stores are going to tell you that you need 3 of everything they sell, but no one's making you listen to them.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby bcs89 » Tue Dec 20, 2011 11:30 am

jonnygothispen wrote:
bcs89 wrote:No fuckin' fair!
I call foul.

You can not post facts that detract from Apple, or S.Jobs - let alone facts that show W-Mart as being no more evil than the majority of other corporations in business today (especially those earmarked for saint hood!).

Its just plain rude.

(and I refuse to feel guilty about my i-phone/i-pad/i-touch/i-pod/i-mac... my god - I'd be an outcast)
Both you and Ned have to ignore the fact that corporations are exploiting labor overseas to provide cheap goods for us, so we can live on lower wages. Huff and puff your chest out all you like, in the end it's pure exploitation of other people who haven't been able to fight for the labor laws we fought for. The same ones the corporate masters are now taking away with their hired hands/candidates.

Of course you 2 have to ignore the main point to continue along in your spoiled vision w/o feeling the pain of it.




What the fuck?

Where did I even come close to saying what your are attributing to me? Are we both plugged into the same reality here, or you got your own thing going..
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby jonnygothispen » Tue Dec 20, 2011 3:27 pm

bcs89 wrote:


What the fuck?

Where did I even come close to saying what your are attributing to me? Are we both plugged into the same reality here, or you got your own thing going..
Well, if you keep your eyes closed, fine. If you choose to open them and look around, the whole world is in dire straights because of corporate power/greed, not Steve Jobs. WalMart's one of the best at taking advantage of these hard fought for (bought) policies that recently destroyed the world's economy. You know, today's reality. Yet you argue along the lines of obfuscating this point by drawing attention to Steve Jobs - apples and oranges.
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Re: Six Waltons Have More Wealth Than the Bottom 30 % of Ame

Postby bcs89 » Tue Dec 20, 2011 3:50 pm

jonnygothispen wrote:
bcs89 wrote:


What the fuck?

Where did I even come close to saying what your are attributing to me? Are we both plugged into the same reality here, or you got your own thing going..
Well, if you keep your eyes closed, fine. If you choose to open them and look around, the whole world is in dire straights because of corporate power/greed, not Steve Jobs. WalMart's one of the best at taking advantage of these hard fought for (bought) policies that recently destroyed the world's economy. You know, today's reality. Yet you argue along the lines of obfuscating this point by drawing attention to Steve Jobs - apples and oranges.

Reality? You should try it. But haven't you got a few more things to bitch about first? Why waste time?


The definition of irony - j-boy calling someone out for bitching.

Oh yeah, still waiting to see where I posted anything about how great Walmart is, got anything?

Dipshit.
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