Walmart is not evil.


#41

I’m sorry, I just don’t feel that eminent domain is appropriate. That’s akin to a majority tyranny situation. Don’t want to sell your land? We’ll make you. That’s just not right, I don’t care how hard of a time Wal-Mart has finding land.


#42

I’m in no way condoning the use of eminent domain, just saying that the locals are as much as fault as the businesses.


#43

All the locals except the people that lose their land. It’s their land, not the local’s land.

Plus, did I mention Wal Mart supports Obamacare?


#44

BR, I have been meaning to ask you (because you use economics to arrive at your conclusions) have you ever read “Chiefdoms:Power, Economy and Ideology” by Timothy Earle? A very interesting book (well, parts it of are kinda dry reading, but you need to read them to get the rest). It’s an analysis of how power structures and economic interests interacted in emerging societies, and the strategies used by titular chieftains to gain and maintain control. Well worth the read in the context of our modern society in my opinion.


#45

I have not, but I will definitely check it out. It’s been a long time since I’ve read Milton Friedman, too, and I was going to go to the bookstore anyways. I will check that book out while I’m there.

I will say this. Every community that has a Wal-Mart subsidizes it with little choice in the matter. Wal-Mart has received billions of dollars in subsidies from discounted land, property tax-exemptions, free infrastructure (roads, etc.), sales tax rebates, etc. That does not include the amount of medicare and welfare that their employees must use.

What does this mean? It means that they can undercut competition that is not big enough to bully such deals, at the expense of the taxpayers. Other companies that have to pay 100% of their property taxes, sales taxes, etc., are at a disadvantage. In affect, even if I do not shop at Wal-Mart, they still get my money. I think we call that corporate welfare.

I would rather Wal-Mart pay full bore for their land, pay full bore for their property and sales taxes, and charge more. That way I have a choice of what to do with my money.

And I’d rather not subsidize 100% of their employee insurance through Obamacare.


#46

Wal-Mart has huge faults. I’m not a supporter, just tight with my money. Faults lay everywhere in American business. Try buying a totally American built car. Ever been completely happy with your insurance? How’s your investments doing? Who makes the best electronics? Ever hear of much of anything being built under budget? Gas companies keep hollering that the prices aren’t their fault yet keep reporting record prophets. The American business system sucks! Unions kill those that they are involved in and try to bring down those they aren’t. There is no consistent work ethic these days among the employees. Management is full of people that can’t run a fever. Very few things work well in this country. Say what you want about Wal-Mart but it works. A lot of people have jobs because of them. They managed to stay above water during all the crap of the last year without layoffs, jacking up prices and cutting services. I hate the thought of them supporting Obama care and all the green crap but if I can save a bit of money I’ll deal. I also like the fact that a few hundred of my neighbors have jobs and keep the local economy rolling.


#47

Walmart supports obamacare because it is cheaper than funding their own.

Walmart isn’t the problem - government is the problem.

Did you ever stop to think that some of the businesses that went under weren’t well run to begin with? Saying it is Walmart’s fault is ludicrous.

What does this mean? It means that they can undercut competition that is not big enough to bully such deals, at the expense of the taxpayers. Other companies that have to pay 100% of their property taxes, sales taxes, etc., are at a disadvantage. In affect, even if I do not shop at Wal-Mart, they still get my money. I think we call that corporate welfare.

Vote out the politicians that make such deals, then. If the government is non compliant? There is nothing Walmart can do, they can’t bully anything out of an unwilling government.

I have just as big of a problem with corporate welfare stifling competition as you do. Am I made at Goldman Sachs, AIG, GM or Chrysler? No, I am not. I am mad at the government that is propping them up and at the union that destroyed the later two, also protected by the government.


#48

Yes I did “stop to think” that the small businesses were not run well, and often that wasn’t a factor. It is Wal-Mart’s fault, because it takes two to tango. For eminent domain use, Wal-Mart has to seek it. If they didn’t actively seek it, it wouldn’t be used.

They are both culpable, no matter what you want to believe.

Vote out the politicians that make such deals, then. If the government is non compliant? There is nothing Walmart can do, they can’t bully anything out of an unwilling government.
They bully private property owners, they bribe governments.

I have just as big of a problem with corporate welfare stifling competition as you do. Am I made at Goldman Sachs, AIG, GM or Chrysler? No, I am not. I am mad at the government that is propping them up and at the union that destroyed the later two, also protected by the government.
You should be upset at Goldman, AIG, etc., since the recession we’re in was caused in large part by them.

It’s dishonesty and theft. You can call it capitalism if you want, but it’s still dishonesty and theft, nothing more. “Legal” does not always equal “moral”.


#49

The Shanks didn’t notice in the fine print of Wal-Mart’s health plan policy that the company has the right to recoup medical expenses if an employee collects damages in a lawsuit.

This is standard in ANY insurance policy regardless of type.

.


#50

Government regulations and corruption are what caused the recession to begin with, not any of those companies. Fannie and Freddie were buying up the bad mortgages, banks were required to loan to unqualified minorities in order to achieve quotas or else be stuck with a hefty fine.

Capitalism is what naturally exists. Socialism is when the government tries to control nature. A business taking advantage of the government is no different than a lion mauling an African who tries to tame him.

Blame those who no longer follow the Constitution, blame those who are willing to sell out their own people for a quick bribe.

It is like if you have a skin infection and you blame the skin instead of the bacteria, so to treat it, you cut out all of the skin and leave the bacteria festering inside of you. Outcome: You become a rotting nasty corpse.

What this country needs is a truck load of penicillin to kill the festering bacteria of government.

Companies being corrupt are only the end result of an already existing problem.

This is standard in ANY insurance policy regardless of type.

And why shouldn’t it be? The insurance company paid the initial costs, so when you sue to recoup the costs of your health care, you expect to get to keep the money? Yeah right, the money is for your health care, which they have been paying out for.


#51

It’s not illegal, and yes, Wal-Mart HAS used it. Maybe not in your area, but in numerous areas they have used it.

Probably every company of any size has used it at one time or another.


#52

Posted by Bucks
This is standard in ANY insurance policy regardless of type.

Two years after the accident, Shank and her husband, Jim, were awarded about $1 million in a lawsuit against the trucking company involved in the crash. After legal fees were paid, $417,000 was placed in a trust to pay for Debbie Shank’s long-term care

I’d say the lawyers got the bulk of the lawsuit settlement.

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#53

I’d say the lawyers got the bulk of the lawsuit settlement.

Another symptom of out of control government is when everybody needs a lawyer and the lawyers are living the high life on all of the money they rake in. It also explains why the majority of lawyers are democrat.


#54

Everybody who speaks their mind like; “Joe the Plummer”, the mom who asked Specter a question, Sarah Palin, and even the person who called 911 in the Professor Gates incident are all getting harassed by dems and need lawyers for simply acting as a citizen.

The word “Natzi’s” comes to mind.

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#55

Any company of any size has used eminent domain? Not hardly.


#56

With all due respect, you really don’t know what you’re talking about. CDS made the bad loan problem about 60 times worse that it should have been. And as much as I like capitalism, if a company takes bailout money, they sure don’t need bonuses.

Fannie and Freddie were buying up the bad mortgages, banks were required to loan to unqualified minorities in order to achieve quotas or else be stuck with a hefty fine.

Ever heard of a credit default swap?

Capitalism is what naturally exists. Socialism is when the government tries to control nature. A business taking advantage of the government is no different than a lion mauling an African who tries to tame him.

Uh huh…

Blame those who no longer follow the Constitution, blame those who are willing to sell out their own people for a quick bribe.

You mean like Wal-Mart, Goldman Sachs, AIG? The entire system is corrupt, not just the government portion. If you knew how the bond rating game was played in the mortgage arena, you would know.

What this country needs is a truck load of penicillin to kill the festering bacteria of government.
Companies being corrupt are only the end result of an already existing problem.

Companies can be corrupt without government. Credit default swaps, AAA trash, etc., are prime examples. Using illegal aliens is another.


#57

There will always be downturns in any system and it isn’t anybody’s fault unless the government has been trying to control the economy.

You mean like Wal-Mart, Goldman Sachs, AIG? The entire system is corrupt, not just the government portion.

Did they force people to allow them to do anything? Nope, people go into Walmart everyday by their own free will and buy whatever they can afford.

Did the banks complain when they were getting the cash from the people they had CDS with before they went into default? Nope, free will by two parties understanding exactly how it worked.

Did AIG know that banks could make bad mortgages when they agreed to insure their assets? Of course they did, they likely had thousands of people working on risk assessment.

It isn’t corruption to deal with people by their own free will. The market moves up and down, supply and demand will fluctuate. It is a natural system and there is nothing corrupt about it.

The government not providing protections to property and kicking you off your land to give it to Walmart is a problem.

However, business has no moral obligation to anybody but the shareholders, don’t like it, don’t shop there, that is how a free market works. They are plain and simply not evil.


#58

[quote=BananaRepublic;299741]Of course they don’t use eminent domain to build every store, nor do they hire illegals to work in every store. But they have done both. Mileage may vary, of course. In my home town I know that two gun stores and a tackle shop were killed, and in a town about 45 miles down the road, another sporting good store was killed.['quote]
You’ll have to forgive me for finding it hard to believe that a Wal-Mart was so better equipped with goods and services that they could put gun and tackle shops out of business. And a sporting goods store? C’mon.

It’s not illegal, and yes, Wal-Mart HAS used it. Maybe not in your area, but in numerous areas they have used it.

It is FLAT OUT ILLEGAL in our state to use eminent domain for the purpose of making space for a business. Our governor saw to that directly after the USSC decided to lose their minds re: the New London, CT case.

You’re subsidizing their payroll and physical location. Hope you’re enjoying that. Wished other companies could do the same, but most of the time, they cannot. As long as one company has such an upper hand on other businesses through the exploitation of government, I will not support it. I don’t think that makes me a liberal.

Of course I’m subsidizing the payroll and physical location of a store. That goes for ANY store where ANY of us shop. Where’s the rub?
I never called you a liberal.


#59

They used to sell handguns and deer rifles. Don’t believe me, but I know this first hand. Believe me, don’t believe me. Up to you.

It is FLAT OUT ILLEGAL in our state to use eminent domain for the purpose of making space for a business. Our governor saw to that directly after the USSC decided to lose their minds re: the New London, CT case.

Hurray for one state.

Of course I’m subsidizing the payroll and physical location of a store. That goes for ANY store where ANY of us shop. Where’s the rub?
I never called you a liberal.

The rub is because people subsidize Wal-Mart - even when they don’t shop there.


#60

False. I don’t think the government was controlling the CDS market. You do know what credit default swaps are, right?

Did they force people to allow them to do anything? Nope, people go into Walmart everyday by their own free will and buy whatever they can afford.

Not me, but yet I have to pay for their workers’ and subsidize the land they build their stores on. The same goes for Costco, Lowes, Home Depot, and many of the big box stores. Local businesses don’t get property tax exemptions for decades.

Did the banks complain when they were getting the cash from the people they had CDS with before they went into default? Nope, free will by two parties understanding exactly how it worked.

Yes, free will, but with one party having material knowledge that the market was about to implode, and then misleading investors. Are you familiar with the auction rate securities debacle? Probably not. When a bank knows that a market that they make is about to go bad, but continue to sell securities from that market anyway, that’s fraud.

Did AIG know that banks could make bad mortgages when they agreed to insure their assets? Of course they did, they likely had thousands of people working on risk assessment.

AIG was culpable, too, for getting into the CDS market.

It isn’t corruption to deal with people by their own free will. The market moves up and down, supply and demand will fluctuate. It is a natural system and there is nothing corrupt about it.

No, but that’s not what happened, was it? Again, when someone knows something is a pile of crap, but represents it to be something else, then you have problems.

The government not providing protections to property and kicking you off your land to give it to Walmart is a problem.

Agreed, and yet Wal-Mart pursues that strategy where it can.

However, business has no moral obligation to anybody but the shareholders, don’t like it, don’t shop there, that is how a free market works. They are plain and simply not evil.

That’s grossly naive. A company is as good or evil as those working there.