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View Diary: The Grinch Comes Early. Dressed As A WalMart Executive. (64 comments)

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  •  No, they're merely capitalizing on what they (1+ / 0-)
    Recommended by:
    TracieLynn

    know is going to be a dismal shopping season.

    This isn't about "competition". This is about WalMart increasing their prices to level off a drop in sales.

    Big difference.

    •  but that is an acceptable business practice as (2+ / 0-)
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      Bobs Telecaster, tardis10

      well.. If a company thinks a higher or lower price will lead to greater profits they can and should sell at that price. The problem with wallmart isn't these practices but that they have a near monopoly on retail transactions in a significant part of the country and thus are able to use pressure suppliers and drive competitors out of business. The solution isn't to pressure wallmart to lower prices but to apply our anti-trust laws to break wallmart into autonomous pieces that are forced to compete with each other and other competitors.

      This isn't about "competition". This is about WalMart increasing their prices to level off a drop in sales.

      •  I'm not pressuring Wal-Mart to lower their prices (1+ / 0-)
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        scotths

        I'm merely pointing out the fact that they're on the precipice of a 2 year extension for tax breaks and their family will receive a 35 billion dollar tax windfall in the bargain and this is how they behave........... by raising prices during the Holiday season on the very people that haven't benefited one iota from Wal-Mart's wish list that is about to be fulfilled by congress.

        It's insane.

        I thought tax breaks were supposed to trickle down. Hmm. I guess not.

        Hoocoudanode?

        •  Companies are accountable to their shareholders (1+ / 0-)
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          scotths

          in terms of it is a responsibility to turn in the best and most sustainable profit performance they can. A corporation is basically blind to its shareholders tax circumstances (although obviously not blind to their own corporate tax obligations.)

          As such, a company can't make business decisions based on whether its shareholders are getting ahead in other ways apart from their investment, like favorable tax conditions in their states, cities, or countries. It can only make them based on what it thinks the marketplace can bear.

          If apes evolved from humans, why are there still humans?

          by Bobs Telecaster on Thu Dec 16, 2010 at 12:26:17 PM PST

          [ Parent ]

          •  Dishonest republicans? (0+ / 0-)

            A corporation is basically blind to its shareholders tax circumstances (although obviously not blind to their own corporate tax obligations.)

            So you mean raising taxes on investment income doesn't have an immediate effect on corporate decisions? That would mean the entire Republican party is not being forthright with us (or is badly misinformed).. How could that be???

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