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(KCCI)   Joe Biden is running for president yet again; biatches about Wal-Mart and admits it's because they're a great big company with lots of money   (kcci.com) divider line
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180 clicks; posted to Politics » on 17 Aug 2006 at 9:04 AM (16 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



37 Comments     (+0 »)
 
2006-08-17 1:00:46 AM  
So? We profit in the Capitalist system. WTF is wrong with you people?
 
2006-08-17 1:09:46 AM  
Spad31: We profit in the Capitalist system.

Who's we? Most people work their asses off their entire lives in pointless jobs so that 1% of the population can profit. That's why slavery and cheap illegal immigrants are so popular.
 
2006-08-17 1:21:42 AM  
7of7: Who's we? Most people work their asses off their entire lives in pointless jobs so that 1% of the population can profit. That's why slavery and cheap illegal immigrants are so popular.

Profit goes to stockholders.

Stockholders = people who have IRAs, or 401-(k)s invested in the stocks. And that's a lot more than "1% of the population".

Oh wait, that's *us*!

Unless you're some beer-swilling ape who thinks buying tickets to Wrestlemania LXVII has more of a priority than putting something away for retirement. In that case, DIAF Cletus.
 
2006-08-17 1:29:52 AM  
DarthBrooks: Profit goes to stockholders.

I don't have numbers on how many people in the world hold stocks but I doubt it's over 60 million people, thus the profits go to less than 1% of the people even by your overly generous theory. It never fails to amaze me how many people think that everyone in the world is living a comfortably upper middle class life.
 
2006-08-17 2:30:59 AM  
Spad31: So? We profit in the Capitalist system.

Have you profited from the capitalist system? I'm not a socialist/communist, but that's a rhetorical question, as far as I an tell.

In this day and age, competition kills competition.
 
2006-08-17 9:12:52 AM  
My Grandpa lived in a trailer park for most his life and never owned property. After decades of working and raising kids he's finally got a home along the edge of a forest, a pool, a car, a truck and an pull along trailer.

Something tells me he's gained some profit with the capitalist system.
 
2006-08-17 9:23:15 AM  
7of7:
"I don't have numbers on how many people in the world hold stocks but I doubt it's over 60 million people..."

In the United States, 84.3 million individuals in 57.2 million households held stock directly or through stock mutual funds, representing 49.5% of all US households. (http://www.sia.com/research/pdf/equity_owners02.pdf)

Millions more households are dependent on stocks indirectly, through company or government-sponsored defined benefit pension programs.
 
2006-08-17 9:27:18 AM  
Well, they're definitely a "big" company. I don't know how "great" they are...
 
2006-08-17 9:29:51 AM  
Oops, old study. The number is actually 56.9 MM households, but still half (the census changed the number of households). http://www.ici.org/pdf/rpt_05_equity_owners.pdf
 
2006-08-17 9:35:47 AM  
The only problem with Wal-Mart is their shuckin and jivin to avoid paying for their employees healthcare, and healthcare shouldn’t be tied to employment anyways.
 
2006-08-17 9:41:47 AM  
7of7: Who's we? Most people work their asses off their entire lives in pointless jobs so that 1% of the population can profit. That's why slavery and cheap illegal immigrants are so popular.

If you work your ass off your entire life and get nothing out of it, then you are doing something wrong.

/I wonder who Biden plagarized the speach from this time. :)
 
2006-08-17 9:48:02 AM  
"I'm looking for corporate responsibility that says, 'Hey, Americans have a right a to health care, and we American corporations are at a disadvantage because our country doesn't have a national health care plan,'"

Wait.. is he saying that corporations should take on the responsibility of providing health care, or that corporations need to take on the responsibility of whining to the government to provide health care? I dont have my "wingnut politician to english" dictionary up here at work, can someone translate please?
 
2006-08-17 9:51:54 AM  
He is just trying to ride the latest hate wave. Hate the US. Hate Wal-Mart. Hate McDonalds. Hate the oil companies. Hate the Man! It is a great way to give your pissant or facist group some common ground.
 
2006-08-17 9:54:24 AM  
Anyone here watch "The Money Masters"? Good doc on the Federal Reserve Bank and the asshats who've made a mess of this country and profited from it. I have had the realization about this crap before but naver had seen a doc that explained it so clearly. I think it was made in 1996, but the last hour scared and pissed the hell out of me. It's on Google video. Three hour segments but worth the watch.

http://video.google.com/videosearch?q=the+money+masters&hl=en

/believe that if we don't change this system
//we are so fukt
///biden=asshat
////allof'em
 
2006-08-17 9:55:10 AM  
Wal-Mart:

* Cuts prices to eliminate local retail competition from local small business
* Pays employees the minimum supported by the local job market, and by eliminating employer competition drives down that minimum.
* Does not offer health care to most of its employees to increase profits
* Lack of health care and lower wages means that in many places Wal-Mart workers have to use food stamps and Medicaid

So those low prices that we enjoy at Wal-Mart... well we are actually paying for them in the back end through taxes to support their employees who need welfare assistance.
 
2006-08-17 9:56:57 AM  
KarmicDisaster: He is just trying to ride the latest hate wave. Hate the US. Hate Wal-Mart. Hate McDonalds. Hate the oil companies. Hate the Man! It is a great way to give your pissant or facist group some common ground.

Only if you add hate the gays, hate the atheists, hate the pro-choicers and hate the war protesters.

There's plenty to go around for everyone.
 
2006-08-17 9:59:02 AM  
Walmart teaches (quite literally, they have classes on how to get state aid) their employees how to live off of state aid rather than pay better wages or give benefits. By association this means Walmart relies on Socialism (or near forms of Communism) to be able to generate a profit. Thus we can call Walmart Unamerican!

How can you defend an Unamerican, and at best, SOCIALIST company. Realistically you could compare the head honchos to the Party Apparatchiks in the former USSR. They too used the system to give themselves extra wealth.

So basically Walmart = Socialism/Communism whereas Costco (a Walmart rival) = Capitalism.

Thank you, thank you. I'm pounding Socialists all week.
 
2006-08-17 10:02:04 AM  
inglixthemad

Yep... I have all the respect in the world for Costco. They show that you can be corporation that acts as a responsible partner in the community and still make a profit.
 
2006-08-17 10:06:30 AM  
Code_Archeologist:Yep... I have all the respect in the world for Costco. They show that you can be corporation that acts as a responsible partner in the community and still make a profit.

I'm not too sure about the company as a whole. I actually know very little of them, but, I do know one thing: Costco employees are rarely on state aid.
 
2006-08-17 10:07:35 AM  
Not surprising, there's a lot of anti-WalMart material out there for Joe to rip off.
 
2006-08-17 10:14:18 AM  
To the extent that Wal-Mart has destroyed an entire generation of small entreprenurial shop keepers, you might consider them anti-capitalist, or at least anti-entreprenurial.

It's damn near impossible to open up a small town main street drugstore, dry goods, grocery store, shoe store, sporting goods store, camera shop, etc. etc. etc.

Of course, Wal-Mart's not the only factor, but they're the biggest.
 
2006-08-17 10:19:11 AM  
Biden is right about one thing. We need to separate health insurance from employment (just not with it now connected to the government). It was originally done to get around WW2 wage freezes.

1. We need to make health insurance tax deductible for the individual, including those who dont itemize. Well, I guess they would have to itemize 1 item.

2. I would make a minimum amount of insurance not only tax deductible but tax refundable. If you dont owe any income taxes, you can still be refunded for a minimal health insurance policy (this is more subsidy than a libertarian should like, but I can deal with it for now).

3. To go with #2, I would consider making that minimal policy manditory. (This would really be more government influence than I like, but Im pragmatic, I can close my eyes and deal)
 
2006-08-17 10:30:07 AM  
The problem with health care runs far deeper then who should be paying for it, the whole system is a disaster, right now a typical doctors office employs 1 or 2 full time people and their only job is to get health insurance companies to pay for the bills their clients generate. Theses people work 40+ hours a week just to get the doctors offices bills paid. It is insane, all the health insurance companies purposefully have different forms and obscure procedures just to make it as hard as possible for a doctor to collect the money he is owed. That is just 1 of the problems...
 
2006-08-17 10:30:11 AM  
inglixthemad, Code_Archeologist
both Costco & Wal-Mart are customers of mine - tropical produce.
Wal-Mart shows, by far, much more concern and takes a much more active role in supporting domestic farmers. Both are extremely smart customers, but to say that one is more 'American' than the other is absurd. Both are heavily invested in global sourcing and vertical integration to the point that they already own farms (if not factories) in other countries.

on topic...I can't think of a better Democratic candidate than Biden, but I haven't seen the dirt on him yet.
 
2006-08-17 10:40:17 AM  
Code_Archeologist
Wal-Mart:
* Cuts prices to eliminate local retail competition from local small business


Or force prices down equaling more money in the consumer's pocket and forcing small businesses to focus on being different or offering different service.

* Pays employees the minimum supported by the local job market, and by eliminating employer competition drives down that minimum.

Just as every employer pays the minimum

* Does not offer health care to most of its employees to increase profits

and the local Mom & Pop hardware store did?

* Lack of health care and lower wages means that in many places Wal-Mart workers have to use food stamps and Medicaid

Just as workers of other companies do.

So those low prices that we enjoy at Wal-Mart... well we are actually paying for them in the back end through taxes to support their employees who need welfare assistance.

No we don't. If Wal-Mart were not around and everything was at a Mom & Pop company they still would not have benefits
 
2006-08-17 10:42:33 AM  
7of7
Who's we? Most people work their asses off their entire lives in pointless jobs so that 1% of the population can profit. That's why slavery and cheap illegal immigrants are so popular.


What country are you referring to?
 
2006-08-17 10:54:49 AM  
Boo hoo, big 'ol corp tuk r jrb!

Someone remind us what the American Dream is again..
Did you ever even want to be rich?

Not everyone can be a mogul, some NEED to be ditchdiggers.

If you want more of the pie, stop complaining and get an education, training, or a better idea!

Redistributing wealth is not American
 
2006-08-17 11:03:56 AM  
Does this guy have Joementum like Lieberman?
 
2006-08-17 11:13:09 AM  
Reminds me an retired athlete accepting his Hall of Fame nomination, complete with the big sideburns and wispy gray hair...

[image from kcci.com too old to be available]
 
2006-08-17 11:18:10 AM  
Maybe Biden should have mentioned Wal Mart's practice of setting up life insurance on its employees. Should an employee die due to natural causes then Wal Mart would receive a hefty check.

http://moneycentral.msn.com/content/Insurance/P64954.asp
 
2006-08-17 11:20:19 AM  
Bugs_Bunny_Practiced_Psychological_Warfare

that sounds like an ingenious way to get a return on your investment
 
2006-08-17 11:27:38 AM  
Bugs_Bunny_Practiced_Psychological_Warfare
Maybe Biden should have mentioned Wal Mart's practice of setting up life insurance on its employees. Should an employee die due to natural causes then Wal Mart would receive a hefty check.


Who is paying for the insurance?
 
2006-08-17 11:38:34 AM  
I can't think of a better Democratic candidate than Biden, but I haven't seen the dirt on him yet.

He's from Delaware. Three electoral votes. That's all the dirt you need.

Joe does this for attention every four years and he gets a platform for a little while, but he doesn't have a chance at getting the nomination. Kinda like Al Sharpton, Pat Buchannan or Alan Keyes, but without the psychosis.
 
2006-08-17 11:45:41 AM  
Hang On Voltaire: Who is paying for the insurance?

If walmart is getting the death money, they must be paying the insurance.
 
2006-08-17 12:16:53 PM  
monstera: both Costco & Wal-Mart are customers of mine - tropical produce.
Wal-Mart shows, by far, much more concern and takes a much more active role in supporting domestic farmers. Both are extremely smart customers, but to say that one is more 'American' than the other is absurd. Both are heavily invested in global sourcing and vertical integration to the point that they already own farms (if not factories) in other countries.


You are joking right? Saying Walmart supporting domestic farmers is like saying Walmart supports local butchers. Now don't get me wrong, I won't say that Costco does, BUT Walmart's produce is definitely not based on domestic or import, simply on the lowest price. If someone gave them a 1/2 penny less than you did per thousand pounds, they'd switch in an eyeblink

on topic...I can't think of a better Democratic candidate than Biden, but I haven't seen the dirt on him yet.

Who cares about Biden? I am concerned about Walmart driving us (along with HMO's) to Single-Payer state health insurance.

Walmart trains employees to get state aid. Therefore Walmart = SOCIALISM Now Walmart can end this at any time by doing any combination of the following:

1) Stop giving classes on how to get state aid.
2) Paying their employees more so they can buy their own health insurance and will not qualify state aid.
3) Paying their employees the same and paying for their healthcare.

I don't care which they do. I simply don't want to subsidize their business with my taxes.

LunaBlue: Not everyone can be a mogul, some NEED to be ditchdiggers.

Not a problem.

If you want more of the pie, stop complaining and get an education, training, or a better idea!

Good idea.

Redistributing wealth is not American

Precisely! So why is Walmart so UNAMERICAN!?!?!? Why are they helping their employees milk the system? Why are they being, at best, SOCIALIST. Again you could refer to them as similar to the Party Apparatchiks from the former USSR. They too manipulated the system to get rich. Walmart teaches employees how to get state aid so it doesn't have to provide benefits or better pay to be competitive.

Support Socialism and Communism, SHOP AT WALMART!
 
2006-08-17 12:26:53 PM  
I didn't know that rappers were getting into the political field now.

/pump pump it up!
 
2006-08-17 12:52:29 PM  
Hang On Voltaire: * Cuts prices to eliminate local retail competition from local small business

Or force prices down equaling more money in the consumer's pocket and forcing small businesses to focus on being different or offering different service.


There's a reason for minimum markup laws and thy name is Walmart. Walmart believes in pricing the competition out of business and then raising prices (or closing the store down due to lack of sales after its driven the competition out). That's just bad for the consumer overall. Incidentally have you seen the crap you get at Walmart? One of the first reasons I didn't shop there (before I found out they supported Socialism/Communism) was because most of the items there are of an inferior quality.

Great example is that I grew up fixing lawnmowers at my grandfather's small engine repair/lawnmower/snowblower/misc sales and service. Properly taken care of, a Bolens, John Deere, Snapper, or Toro mowers would easily last a decade. Taking care of it was easy. Keep the blade sharp (sharpen 1x-2x a year), watch the plug(s), change the oil (1x a year), and clean the grass from underneath (1x-3x a year). The quality of a Walmart mower is significantly less. They'd be lucky to last three years, and they cost about 150$ for a decent one. Now that's less than a good Snapper (about 350$+) but you get nicer options on the Snapper mower too, and the bloody thing starts easier. TCO (something we in the business world have to justify) shows the Snapper to be less costly.

* Pays employees the minimum supported by the local job market, and by eliminating employer competition drives down that minimum.

Just as every employer pays the minimum


Offers classes on how to get state aid, keeps employees at minimum to keep them showing up. Incidentally many gas stations pay better than Walmart (the one small chain in my area is 6.25-6.5 at Walmart vs 8-8.5 at Motomart).

* Does not offer health care to most of its employees to increase profits

and the local Mom & Pop hardware store did?


Actually you would have been surprised, many did.

* Lack of health care and lower wages means that in many places Wal-Mart workers have to use food stamps and Medicaid

Just as workers of other companies do.


Really, that gas station I cited had benefits for everyone there. Not great, but useful. Often, many companies do, gasp, pay employees enough that they do not qualify for state aid! Great scot!

So those low prices that we enjoy at Wal-Mart... well we are actually paying for them in the back end through taxes to support their employees who need welfare assistance.

No we don't. If Wal-Mart were not around and everything was at a Mom & Pop company they still would not have benefits


You just show your blatant ignorance with this statement. Many "Mom & Pop" stores have had (and continue to have) insurance.

Curiosity kills: how old are you that you did not know these things about "Mom & Pop" stores.
 
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