Widgets Magazine
Page 6 of 15 FirstFirst ... 234567891011 ... LastLast
Results 126 to 150 of 356

Thread: Sam's Club

  1. #126

    Default Re: Sams club layoffs

    Quote Originally Posted by onthestrip View Post
    No, they dont. Thats why govt should require a higher min wage and tie it to inflation. Im sure we will hear this from the Pres during his state of the union address tomorrow. As for the state level, Sen. McAffrey gas proposed a bill (SB1362) to raise it to $10/hr for state workers.
    Absolutely not. Employers set the wage, not the government. And McAffrey's bill should be crushed.

  2. #127

    Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    Define 'income'?

    If I have 1,000 shares of CompanyX stock and it goes up in value from $10 a share to $1,000 a share should I get a tax bill for the 'windfall profit' even if I haven't sold any shares? You would probably say no. What if I take out a $10,000,000 loan against the now $1,000,000 worth of shares (that I originally paid $10,000 for) and used the money to buy more stock, and then I used the dividends from the $10 million worth of stock to repay my loan and provide a means of living. Would you count any of that money as income?

    Now let's say all this falls apart on me and my $1,000 stock goes back to $10 and the people loaning me the $10,000,000 want their money now. Should Congress bail me out?
    Heh heh.. It's easy to muddy things up.

    If you invest in the market and your stocks go up, and you reinvest the gains, no I do not think the gains should be taxed. Now if you put your gains in the bank, then yes that would be taxable income.

  3. #128

    Default Re: Sams club layoffs

    Quote Originally Posted by rezman View Post
    Heh heh.. It's easy to muddy things up.

    If you invest in the market and your stocks go up, and you reinvest the gains, no I do not think the gains should be taxed. Now if you put your gains in the bank, then yes that would be taxable income.
    Should the purchase of stock be subject to sales tax then?

  4. #129

    Default Re: Sams club layoffs

    Quote Originally Posted by SoonerDave View Post
    Absolutely not. Employers set the wage, not the government. And McAffrey's bill should be crushed.
    Well, then we will continue to have very slow economic growth.

    And I'm guessing that you probably believe that there should be no min wage of any kind? If so, do you think that would improve things for the country as a whole?

  5. #130

    Default Re: Sams club layoffs

    Quote Originally Posted by onthestrip View Post
    Not when worker productivity is much higher than it was in 1960.
    Even been to a Wal-Mart lately?

  6. #131
    Join Date
    Jun 2008
    Posts
    2,690

    Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    This is the problem we have. If the Walton family went to Bermuda and took their fortune with them it would be like losing the economic power of half the country. Maybe for national security reasons we shouldn't allow them to have such a large percentage of the nation's wealth. Seriously, they could collapse the country all by themselves.
    Too rich too fail.

  7. #132

    Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    This is the problem we have. If the Walton family went to Bermuda and took their fortune with them it would be like losing the economic power of half the country. Maybe for national security reasons we shouldn't allow them to have such a large percentage of the nation's wealth. Seriously, they could collapse the country all by themselves.
    It's a free market. The Walton's are fine people and have every right to have as much money as they can make and pay their employees minimal wage.

    Don't like it, GET OVER IT.

  8. Default Re: Sams club layoffs

    Quote Originally Posted by zookeeper View Post
    Garin, Nice job of sidestepping the issue of hoarding BILLIONS upon BILLIONS while the taxpayer picks up the tab for many of their workers "benefits."
    Great work ethic those Walton's have!
    First, saying they make $25,000 every minute is quite an exaggeration. Lets look at real numbers. According to Yahoo finance, the largest shareholder was Jim Walton with 10,501,672 shares as of June of last year. That equates to dividend income of about $19,743,143 per year which is about $37.56 per minute. Still not bad pay but far from $25,000 per hour you claim.

    Second, Wal Mart directly employs more than 2.1 million people worldwide. That is a massive number of people. Add to that the millions upon millions who are employed in multiple other businesses supporting Wal Mart's sales and operation and you have virtually the world's most massive business.

    Now, lets look at the layoffs that have you foaming at the mouth.....about 2,800 people. All businesses lay people off while undergoing reorganizations or slowing business. I've been laid off myself and totally understand it is part of life. You seem to feel that the Walton family had something to do with this business decision. Do you understand business so little that you don't realize that NO ONE in the Walton family has anything to do with the decision to lay these people off. Wal Mart is a business run by officers and the people they laid off were let go by way of a business decision. The company will open both Sam's and Wal Mart stores this year that will employ far more than the 2,800 these layoffs will entail. The Walton family is so far removed from the layoff decision you could line 100 Superstores in between.

    Next, you seem to be under the impression that the Walton family sits in buildings virtually drowning in the hoarded piles of cash and stacks of $1000 bills, being waited on by naked servants, serenaded by musicians and being fed bon-bons and grapes like so many Jabba-the-Huts. Their wealth is in the value of the stock they own which rose to all-time highs in recent weeks.

    The company donated directly to charity more than $650 million dollars over the last 5 years.

    The company and the Walton Foundation has pledged $2 Billion just to hunger causes by 2015.

    If they didn't hoard all those billions and billions, what exactly, would you have them do? Just give shares of their stock away? Pull up in front of the local stores in pickup trucks loaded with stock certificates and just start throwing them up in the air for anyone to get? They give hundreds of millions away every year. Millions of people are invested in Wal Mart stock and expect the business to operate in the most profitable way. This is a fiduciary responsibility. If the company feels 2,800 Sam's employees are not needed, then that's part of their responsibilities of running a business.

    Since you don't understand what capitalism is, what you see with the Walton family is simply called building and wildly successful family business that has helped the middle and lower income people of this country survive far better than if Wal-Mart didn't exist at all. The family simply owns stock in the company. No one puts a gun to the head of any Wal Mart employee to work there. Well over a million American's do keeping far more off of the government dole or relying on it far less than they otherwise would.

    Wal Mart is a business. It is not in business to provide welfare jobs for tens of thousands or pay more than they need to pay. If they raise wages, then they raise their prices and it will defeat the purpose of their business plan. They didn't become the worlds largest business by paying prime wages and benefits.

    If you don't understand these things, then you don't understand capitalism at all.

  9. #134

    Default Re: Sams club layoffs

    Quote Originally Posted by Plutonic Panda View Post
    It's a free market.
    It's not a free market - and THAT is the problem.

  10. Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    Should the purchase of stock be subject to sales tax then?
    No, because you will eventually pay taxes on the capital gains and dividends, whether in a non-retirement account or in a retirement account. If you die with it, you pass it to your children subject to estate taxes. Investing in stock is investing in a company. While some profit, just as many lose money. Would you tax someone who buys a coffee shop or a printing plant for the cost of the purchase?

  11. Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    This is the problem we have. If the Walton family went to Bermuda and took their fortune with them it would be like losing the economic power of half the country. Maybe for national security reasons we shouldn't allow them to have such a large percentage of the nation's wealth. Seriously, they could collapse the country all by themselves.
    That's what France was seeing with their wealth tax and had to pull it back. Those with wealth were simply moving it elsewhere.

  12. #137

    Default Re: Sams club layoffs

    Quote Originally Posted by Just the facts View Post
    It's not a free market - and THAT is the problem.
    Dude, a business was created by Sam Walton and has grown beyond anyones expectations. It is extremely profitable and even though it has grown out of Sam Walton's ethics, it is still part of the free market system. I take it you don't like shareholders?

  13. #138

    Default Re: Sams club layoffs

    Mugofbeer,
    First, I like your name, second, money in IRAs, 401k/403b accounts are subject to income taxes, not estate taxes (much of which is exempt for we, the great unwashed), and the heirs have to pay in the year received. I could be corrected, but that's what I had to do when my mother died, and my financial adviser has told me that my boys will have to do the same. I would love for someone knowledgable on this forum to tell me otherwise.
    C. T.
    Quote Originally Posted by mugofbeer View Post
    If you die with it, you pass it to your children subject to estate taxes.

  14. #139
    HangryHippo Guest

    Default Re: Sams club layoffs

    Quote Originally Posted by Plutonic Panda View Post
    Dude, a business was created by Sam Walton and has grown beyond anyones expectations. It is extremely profitable and even though it has grown out of Sam Walton's ethics, it is still part of the free market system. I take it you don't like shareholders?
    JTF is saying (I think) that we don't actually have a FREE market, but a manipulated market where the forces aren't actually allowed to compete fairly in all cases. Perhaps along the lines of "too big to fail"? JTF, correct me if I'm off base.

  15. #140

    Default Re: Sams club layoffs

    Quote Originally Posted by Hemingstein View Post
    JTF is saying (I think) that we don't actually have a FREE market, but a manipulated market where the forces aren't actually allowed to compete fairly in all cases. Perhaps along the lines of "too big to fail"? JTF, correct me if I'm off base.
    Even if that is the case, then he wants to regulate companies limiting how large they can get.

  16. #141

    Default Re: Sams club layoffs

    Panda. Ina 100% free-market capitalist system we would not have a minimum wage. Without the minimum wage requirements, Walmart would pay half their currents wages. Walmart is committed to being the lowest on everything. Whether that be prices quality wages or anything else, they are committed to having the lowest.

    That is their right but it is also my right as a shopper to not support that kind of disgusting behavior

  17. #142

    Default Re: Sams club layoffs

    Quote Originally Posted by Hemingstein View Post
    JTF is saying (I think) that we don't actually have a FREE market, but a manipulated market where the forces aren't actually allowed to compete fairly in all cases. Perhaps along the lines of "too big to fail"? JTF, correct me if I'm off base.
    100% correct.


    Quote Originally Posted by catch22 View Post
    Panda. Ina 100% free-market capitalist system we would not have a minimum wage. Without the minimum wage requirements, Walmart would pay half their currents wages. Walmart is committed to being the lowest on everything. Whether that be prices quality wages or anything else, they are committed to having the lowest.

    That is their right but it is also my right as a shopper to not support that kind of disgusting behavior
    ...and we wouldn't have the social benefits that Walmart relies on to help compensate their employees either. They would have to pay the full cost of the job they want done.

  18. #143

    Default Re: Sams club layoffs

    Quote Originally Posted by mugofbeer View Post
    Quote Originally Posted by Just the facts View Post
    Should the purchase of stock be subject to sales tax then?
    No, because you will eventually pay taxes on the capital gains and dividends, whether in a non-retirement account or in a retirement account. If you die with it, you pass it to your children subject to estate taxes. Investing in stock is investing in a company. While some profit, just as many lose money. Would you tax someone who buys a coffee shop or a printing plant for the cost of the purchase?
    I see you too have also confused buying and selling with profit and loss. If I buy collectable trading cards at the comic book store as an investment why do I have to pay a sales tax? Shouldn't I be able to buy them not only tax free but also with pre-tax dollars?

  19. #144

    Default Re: Sams club layoffs

    Quote Originally Posted by catch22 View Post
    Panda. Ina 100% free-market capitalist system we would not have a minimum wage. Without the minimum wage requirements, Walmart would pay half their currents wages. Walmart is committed to being the lowest on everything. Whether that be prices quality wages or anything else, they are committed to having the lowest.

    That is their right but it is also my right as a shopper to not support that kind of disgusting behavior
    Ok, there is a line drawn where and what we regulate. I support having a minimum wage, but not limiting the growth of a successful company.

    The exact point I'm making is, they have their rights and you have yours. If you don't want to shop there, then awesome! That is why we live in a free society where we can make decisions such as where we want to shop.

  20. #145
    HangryHippo Guest

    Default Re: Sams club layoffs

    Quote Originally Posted by Plutonic Panda View Post
    Ok, there is a line drawn where and what we regulate. I support having a minimum wage, but not limiting the growth of a successful company.

    The exact point I'm making is, they have their rights and you have yours. If you don't want to shop there, then awesome! That is why we live in a free society where we can make decisions such as where we want to shop.
    But how free is the society when the "free" market favors one company over another and drives the rest out of business due to unfair advantages? How free are we then to make decisions about where we shop?

  21. #146

    Default Re: Sams club layoffs

    No one is saying Walmart can't grow as big as they want. We are just saying pay the same taxes the rest of us are paying and stop pushing your employee compensation on the taxpayer. If you need the shelves stocked and the customers greeted then pay what it cost to stock shelves and greet customers. Why would anyone think that is such an unfair burden on Walmart?

  22. #147

    Default Re: Sams club layoffs

    Quote Originally Posted by catch22 View Post
    Panda. Ina 100% free-market capitalist system we would not have a minimum wage. Without the minimum wage requirements, Walmart would pay half their currents wages.
    Not necessarily. If the market were permitted total freedom, there's no telling what Wal-Mart might have to pay. It could be half of their current wages, it could be double. It's hard to say, as there are very many constraints on the free market of labor.

  23. #148

    Default Re: Sam's Club to 39th & N. May

    Building permit today for this project.

    Will be just under 140,000 square feet.


  24. #149

    Default Re: Sam's Club to 39th & N. May

    The purchase was listed in Saturdays paper. Cant remember exactly but sold for something like $6.5million

  25. #150

    Default Re: Sam's Club to 39th & N. May

    $6,296,500 for almost 14 acres.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Sam's
    By ctchandler in forum Edmond
    Replies: 59
    Last Post: 10-15-2019, 03:08 PM
  2. NW 41st and May Avenue
    By cindycat in forum Nostalgia & Memories
    Replies: 36
    Last Post: 05-21-2014, 06:36 PM
  3. Russian Sam does Tulsa
    By dwellsokc in forum Tulsa & Suburbs
    Replies: 3
    Last Post: 11-03-2011, 09:03 PM
  4. Replies: 25
    Last Post: 09-09-2010, 09:53 PM
  5. Petoleum & Petroleum Club Buildings - 2 Downtown Obscurities
    By Doug Loudenback in forum General Civic Issues
    Replies: 8
    Last Post: 03-06-2007, 12:10 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Single Sign On provided by vBSSO