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View Diary: Walmart threatens to pull out of Washington, D.C., over living wage measure (126 comments)

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  •  They want to externalize all costs (9+ / 0-) the maximum extent possible. Save the finality that is the "MSRP", they must figure that everything from the slave labor they enable in Asia to the cost of extraction to the greenhouse gas emissions from cars that drive to their stores everyday to the price of American labor have little or no actual worth.

    Good riddance. I'd rather set up the principle of winning a jewel in the crown of labor and environmental values than the shortsightedness of "creating" 600 jobs (to be offset at businesses elsewhere, of course) for a parasite to forever hold neighborhoods near the chopping block.

    "Growth for the sake of growth is the ideology of the cancer cell." ~Edward Abbey ////\\\\ "To be a poor man is hard, but to be a poor race in a land of dollars is the very bottom of hardships." ~W.E.B. DuBois

    by rovertheoctopus on Tue Jul 09, 2013 at 02:17:40 PM PDT

    •  I found the Walmart scum some spare change (19+ / 0-)

      Forbes:  The World's Richest Women In 2013

      #2 . Christy Walton - Net worth: $28.2 billion
      #3.  Alice Walton  -  Net worth: $26.3 billion

      Can't afford to pay a living wage to their employees tho...

      Shameful !!

      Letting Republicans run the government is like putting Atheists in charge of a church. They don't believe in it, don't care if it works - and they take no responsibility for the results.

      by orangecurtainlib on Tue Jul 09, 2013 at 03:15:49 PM PDT

      [ Parent ]

      •  the two of them could give... (11+ / 0-)

        a million people $52,000 each and still have a billion dollars each.

        They could buy 530,000 people a $100,000 house and still have a billion dollars each.

        They could pay for 1.5 million kids to go to a four year college and still have a billion dollars each.

        They could each buy the entire list of the top ten most expensive cars in the world. Actually, if there were enough of them made, they could buy 1,400 sets of the entire list for each sister and still be rich beyond anyone's wildest dreams.

        Tell me what these people could possibly still want in life.  What could they possibly need more money for?  Tell me exactly what they could possibly do to EARN that much money.  What exactly have they let trickle down?  I gaurantee that I pay more as a percentage of my income in taxes than either one of these sisters do.

        "Perhaps the sentiments contained in the following pages, are not YET sufficiently fashionable to procure them general favour..."

        by Buckeye Nut Schell on Tue Jul 09, 2013 at 04:17:38 PM PDT

        [ Parent ]

        •  At some point, people have to realize that there (7+ / 0-)

          is such a thing as 'enough,' and that you are not entitled to more than that.  Of course, if you say something like that publicly you're flogged as a commie pinko bastard, but somehow people never ask " is it going to hurt this person if they only have 500 million in income this year instead of 1 billion?  Or 6 billion?  How is that extra income going to make their life different?  The answer: it doesn't.

          Bill gates could set a hundred dollar bill on fire every second of his life, waking or sleeping, and he'd still make over $90 -per second- in income from his investments.  Again, that's not working-seconds based on an 8 hour day, that's 6 billion (his income) / (60 seconds * 60 minutes * 24 hours * 365 days) -- it works out to about $190.20 per second.  There is no reason for any human being to be accumulating wealth at such a rate.  

          •  There needs to be a law (1+ / 0-)
            Recommended by:
            Buckeye Nut Schell

            against exceeding "enough."

            Something like an inescapable minimum income tax that steeply increases.  
            50% at $10 million
            75% at $50 million
            90% at $100 million.

            Even a "steep" income tax of 90% on $100 million dollars income still leaves $10 million after taxes.   That's $5,000 per day. $625 per hour for an 8 hour day.

            Isn't that enough for one person?  And remember, they've had all that income up to $100 million taxed at lower rates.  The $10 million is the incremental income at the top of their earnings.

            "The law is meant to be my servant and not my master, still less my torturer and my murderer." -- James Baldwin. July 11, 1966.

            by YucatanMan on Tue Jul 09, 2013 at 09:49:01 PM PDT

            [ Parent ]

            •  I concur. (2+ / 0-)

              Except I'd start the 50% bracket lower, at something like 2M, and raise it up to 98% for income in excess of $500M or $1B.  Not to mention eliminating the special Capital gains tax rate entirely; all income should be taxed equally.

              I might allow exceptions for one time payouts such as lottery winnings, if only because these tend to be reinvested in the economy at a much higher rate and serve as seed money for actual business investments, as opposed to someone who makes 500M every year because that's their salary, or because they've got billions invested in Rich White People's Vegas -- that is, Wall Street.  (Please, someone fucking tell me how buying stock -- other than at an IPO or other offering of new stock -- actually helps out the business whose stock you're buying.  It doesn't.  It goes into the pocket of the last guy to own it.  It's like buying a used game at a game store -- it enriches the game store, but not the publisher and the actual creators of the game.  Not that I have anything against selling used games, or any form of property.)

              I'd -really- like to see something like a 5-10% tax on -accumulations- of more than, say, $1B -- not on income, not on real investments, but on cash accumulations in, say, a savings account or other readily liquidatable vehicles, which have been held for more than one year.  Start cutting down some of these ridiculous fortunes that are so large they can single-handedly manipulate markets -- like the Koch brothers did with oil.  Of course, this will never happen, because it'll be seen -- somewhat justifiably -- as blatant theft.

              Of course, still allow charitable deductions, but I'd like to see them being put into real charitable investments -- people building schools, libraries, parks, etc for the public to use.  Get back to the old-school "make a lasting legacy for yourself by creating grand, useful stuff with your name on it, and thereby making your city/state/country greater in kind" kind of philanthropy.  Hell, allow a 105-110% deduction for actual infrastructure improvements like that.  Encourage the creation of scholarships, too, and endowments, and such.  No deductions for contributions to these bullshit 'non-profits' that just serve to funnel money into political activity.  

              If I was making 6 billion a year from my investments I'd take most of it one year and pull a Carnegie, except instead of libraries, I'd build public hackerspaces across the US.  Maybe endowments for the creation and perpetual maintenance of public Victory Garden style gardens another year.  How about endowments to create public, free or minimal cost dental and/or medical  clinics across the country?  Or free public wi-fi for Nearly Everyone?  I mean, I can't imagine what the hell else I'd do with that much money.  Even in my most lavish-lifestyle dreams, complete with well-paid live-in help, I can't imagine being able to legitimately spend more than a 50-100M a year -- and I'd have to really try to get it up that high.

              I want to see tax policy force the ultra-rich to give something back to their communities, their states, and their countries -- either in actual cash or by making this country grander, and its people stronger and better, as opposed to setting up worthless progeny as petty gentry without an iota of noblesse oblige or any worth as a human being.

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