I think that may be a bit of an over exaggeration. If his idea was to pass successfully, the government isn't just going to sit outside and pass out money to every middle and low income person they see. I would assume/hope that majority of that money goes towards education and food infrastructures in places that need them in order to give everyone better living environments.
Let's start with the billionaire Walton family. Maybe then they'll pay their employees more than $7.25/hr.
You are several months behind in your reading:
Nope, I read about that when it happened. Still stand by what I said.
Hardy har.
So how much profit should Walmart be allowed to make? 1 cent on the dollar? 2 cents on the dollar? Some absolute amount?
Not taking multi-million dollar bonuses is a great start. Even then, their prices are pretty low as it is. I would welcome a small increase on certain items if I knew it was all going back into their employees pockets.
As a consumer and a supporter of fair wages, I would welcome an increase on prices in their stores if I knew they were going to use it to pay their employees better. Not sure why that's hard to understand?
I didn't ask about salaries, I asked about profits. How much profit should they be allowed to make? Everything flows from profits. Profits go down or cease to exist, stores will close, belts will be tightened, wages and salaries will eventually go down or cease to exist. No profits (for too long) = no business = no one getting paid or getting a bonus. So I'm asking, what level of return on the dollar is reasonable for the owners of the business? 1%, 2%, X%, some fixed amount? Before or after tax? What tax rate is fair on net income?
I guess that all depends on what they make for profits now. And judging by their wealth, I assume it's rather high. I'm not going to just throw a number out there not knowing their current range.
I don't think me typing out a suggestive opinion on a forum about video games is anywhere near telling them how to run their business.
Sam Walton grew up in the depression. He milked the family cow, bottled the surplus and delivered it personally to customers. He delivered newspapers, sold magazine subscriptions. Went off to college, worked for J.C. Penney after graduating for $75/month. Joined the war effort, became a Captain. Got a loan from his Dad and used his life savings to buy a franchise department store. The franchisee was also his landlord and Sam did so well, the landlord refused to renew the lease and forced Sam to sell the store back to him. Lesson learned and the rest, as they say, is history.
Alright, let me spell it out for you then.
Fair wages being wages mutually agreed upon by both parties in a private agreement, right?
Fair as in one that's reasonable and keeps up with inflation/cost of living.
