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Wal-Mart proves dems right...
Posted - 2/25/2013 1:53:02 PM | show profile | flag this post
Far right wing Wal-Mart is taking a beating in the 1st quarter...why? The 2% payroll tax hike is taking money out of the pockets of their base, the middle and lower classes. Congress allowed the tax cut to expire and stores like Wal-Mart are discovering that the economy is driven by the purchasing power of the middle and lower classes. All those tax cuts for the wealthy did nothing for the economy the past ten years. This recession will only end when the tax rates increase for the already wealthy and the lower classes get more spending money. Period. That means fixing the tax system and having more economic stimulus programs. Economists have been saying this for years but Boner and pussy Cantor refuse to do anything that will upset their rich donors. They have no interest in seeing the country do better, just the people who are already living well. They have no business running this country, mostly because they are running it into the ground.
Posted - 2/25/2013 2:24:26 PM | show profile | flag this post
Without REASONABLE tax rates
for high income earners there won't be any stores like Walmart.
The economy is a delicate balance and Obama is affecting it like an additional body on one end of a teeter-totter.
And you need to go back and revisit your idiotic last two sentences. just how in the hell would you expect those "already lviing well" to continue to live...well or otherwise...without consumers? And how would you expect consumers...especially those at the lower end of the economic scale...to live without economically prices goods?
This is a prime example of the lunacy of the left wing's class warfare rhetoric.
Posted - 2/25/2013 3:35:19 PM | show profile | flag this post
there is no way in heck that raising the marginal rate an extra four percentage points would make life miserable for those Americans making more than $250K a year.
The Republican Party continues to kill itself by pandering to the upper 1-5% and making the rest of America pick up the tab.
Wal-Mart isn't in business because the upper crust is getting tax breaks. It stays in business because the working poor and middle class spend money there.
Posted - 2/25/2013 6:47:50 PM | show profile | flag this post
"the working poor and middle class spend money there"
And if left wing morons keep raising taxes on the stockholders of businesses like Walmart there won't be any place for the "working poor" and middle class to spend money.
There comes a point where it'd be better for the stockholders to close the stores and invest in other areas..perhaps offshore.
Posted - 2/26/2013 9:41:24 AM | show profile | flag this post
You seem to miss the basic point of why people invest in a business -- the profits the business returns.
Remember, the investors in Wal-Mart are primarily the Walton family.
They pay a lower federal tax rate than their employees.
They're not going to close a business that makes them billions in wealth each year simply because they have to pay a few more percentage points in taxes.
They will make MORE profits if the tax burden is eased on their customers.
Posted - 2/26/2013 11:36:31 AM | show profile | flag this post
economics with political fantasy. It's just another manifestation of the age-old class warfare of the radical left.
Posted - 2/26/2013 11:41:32 AM | show profile | flag this post
Customers are more important...
than corporate welfare to a company's bottom line.
Posted - 2/26/2013 12:21:30 PM | show profile | flag this post
Here's a list of WalMart's top shareholders:
Click on the link at the bottom to ogle the individual shareholders' names.