Re: Say NO NO NO to Wal-Mart!!!

chuck wrote:

> Jonathan Ball <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
>
> > Doug Kanter wrote:
> >
> >
> > > "Jonathan Ball" <[EMAIL PROTECTED]> wrote in message
> > > news:[EMAIL PROTECTED]
> > >
> > >
> > >
> > > > People earning minimum wage don't generally have families.
> > >
> > >
> > > Where did you hear that???
> >
> > Here's some more typical leftist BULLSHIT about 
> > Wal-Mart (a place at which I don't shop):
> >
> > "But Wal-Mart's PR slogan "Our People Make the 
> > Difference" does capture a truth. Based on the 
> > company's profit and employment figures, I calculate 
> > that each employee generates more than $11.20 in new 
> > wealth for every hour she works. The average U.S. 
> > employee is paid an average hourly wage of $7.50, and 
> > the balance – about $3.70 – goes back to Arkansas as 
> > profit."
> >
> > http://www.alternet.org/story.html?StoryID=17060
> >
> > Wrong from the get-go.  An employee doesn't generate 
> > *wealth* per hour.  An employee generates revenue or 
> > income.  Income is a flow; wealth is a stock.
> >
> > The $3.70 does not all "go back to Arkansas as profit". 
> >  That $3.70 pays the suppliers, pays the rent on the 
> > land, pays utilities, pays local and corporate taxes. 
> > In fact, you have no way of knowing how much of it is 
> > profit, unless you look at Wal-Mart's annual report.
> >
> > The author, some economics-illiterate named Stan Cox, 
> > is a fool.  He's writing inflammatory bullshit.  Stupid 
> > leftists gobble it right up like caviar.
>
>
>
> except that most leftists cant afford caviar as wal-mart is the only
> place we can afford to shop.

See the thread "smoked salmon socialists".