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WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses [W:230]

Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

AliHajiSheik said:
At the end of 2015, Walmart had current cash/cash equivalent assets of $9.125B and at the end of 1/31/2017, they had $6.867B.

What does flush with cash mean in this context?
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Walmart is a global retailer. A considerable portion of their assets with therefore be held in the form of inventory... as one would assume is only natural. I can only believe you're underwhelmed by WalMart's cash position relative to tech giants like Apple or Microsoft. Can we both agree that Walmart isn't in the same business as Apple? If not... there is nothing more to discuss.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

What if...? said:
Yes, but for thirty years we were ALL getting fatter at about the same rate.

Then forty years ago that abruptly changed.

Since then, median wage hasn't changed.

Yet productivity, gdp, wall street have all gone up and up.

They left us behind.
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"us" means you are jealous. It is YOUR responsibility to move up in the world, not to just sit there doing the same thing and expect to share in other's successes.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

MateoMtnClimber said:
https://inequality.org/facts/wealth-inequality/
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Quit spamming liberal crap. Do you really think you can prove anything to me by spamming me with liberal propaganda? Are you that naive to think that I have never been spammed before by liberal talking point crap? Do you have any actual facts from reputable sources or are these sites the best you can do?
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

MateoMtnClimber said:
I'm not spamming. I'm providing sources. Here, to address your concerns with my sourcing, I'm providing a nice, clean Wiki page for you. It includes at least 67 other sources.

https://en.m.wikipedia.org/wiki/Wealth_inequality_in_the_United_States
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Are you actually defining wealth inequality to me? Really? You don't think I've heard of it before? Really? How about this definition: The poor should be poor and the rich should be rich, filthy stinking rich.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Moderate Right said:
Are you actually defining wealth inequality to me? Really? You don't think I've heard of it before? Really? How about this definition: The poor should be poor and the rich should be rich, filthy stinking rich.
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I can see you're having a hard time with this. I'm not defining wealth inequality to you. I'm showing you how wealth consolidation has accelerated and how that impacts the society. How about this for a definition? The rich did not always earn their riches, but they did successfully convince a lot of uneducated and/or misinformed people that the economy is not stacked against the middle class.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

MateoMtnClimber said:
I can see you're having a hard time with this. I'm not defining wealth inequality to you. I'm showing you how wealth consolidation has accelerated and how that impacts the society. How about this for a definition? The rich did not always earn their riches, but they did successfully convince a lot of uneducated and/or misinformed people that the economy is not stacked against the middle class.
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I don't care that wealth inequality is getting worse. The rich get richer at a faster rate than the poor get richer. So what? You're mistake is in thinking you can convince me that this is a bad thing. I don't see where it is. The poor get richer all the time.
 
Mustachio said:
Do we know how much of an increase Walmart's CEO got?

It's really sad that people are living off of $11 an hour. If that's America being "great," we have set the bar awfully low.
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We threw the bar in the dumpster when we elected the current president.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Is anyone one talking about how walmart is closing 50% of all their Sams Club stores. All those people who are gnna be laid off. I think I read something like 10,000. Thats a lot of lots jobs to pay for those bonuses and pay raises
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

jdog21 said:
Is anyone one talking about how walmart is closing 50% of all their Sams Club stores. All those people who are gnna be laid off. I think I read something like 10,000. Thats a lot of lots jobs to pay for those bonuses and pay raises
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Yes, it has been discussed a lot in this thread. I think we are split between people who see no relationship between the raises and the layoffs and people who see Walmart's scam for what it is.
 
Mustachio said:
Do we know how much of an increase Walmart's CEO got?

It's really sad that people are living off of $11 an hour. If that's America being "great," we have set the bar awfully low.
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I think those people that stay at jobs with that wage for years and years have set the bar awfully low.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Kushinator said:
Walmart is a global retailer. A considerable portion of their assets with therefore be held in the form of inventory... as one would assume is only natural. I can only believe you're underwhelmed by WalMart's cash position relative to tech giants like Apple or Microsoft. Can we both agree that Walmart isn't in the same business as Apple? If not... there is nothing more to discuss.
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We weren't discussing Apple and I never considered it when I asked my question. You made a statement about being flush with cash and that is the basis of my question. Of course the major chunk of their current assets are in inventory--they are a store that sells stuff, but that wasn't what you said either.

I look at their balance sheet and I see a company whose current cash has gone down about $2.5B over the last 2 years and their Accounts Payable has gone up $5B. They are probably slow paying their bills to preserve cash.

What formula do you use to judge a company as being 'flush with cash'? I don't see it in Walmart.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

AliHajiSheik said:
You made a statement about being flush with cash and that is the basis of my question.
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Why were you unable to contemplate the context of my statement, and instead chose to ask an arbitrary question? With respect to JCP, a struggling retailer, WalMart is flush with cash. Try reading a bit more of the thread next time.

What formula do you use to judge a company as being 'flush with cash'? I don't see it in Walmart.
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With respect o JCP stores, WalMart is flush with cash. I didn't allude to liquidity ratios because that wasn't the basis of my statement. Why haven't you provided us with such data?
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Kushinator said:
Why were you unable to contemplate the context of my statement, and instead chose to ask an arbitrary question? With respect to JCP, a struggling retailer, WalMart is flush with cash. Try reading a bit more of the thread next time.



With respect o JCP stores, WalMart is flush with cash. I didn't allude to liquidity ratios because that wasn't the basis of my statement. Why haven't you provided us with such data?
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I'm not interested in creating a context of you statement--you didn't provide one. I've asked you twice now what you meant by the statement and you have first brought up Apple and now JC Penney.

'Flush with cash' could be any entity that has more cash than your checking account because you haven't provided a context.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

AliHajiSheik said:
I'm not interested in creating a context of you statement--you didn't provide one.
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You chose to hit reply and quote my statement without any consideration of the context, only to attack a straw man! Good work old sport.

'Flush with cash' could be any entity that has more cash than your checking account because you haven't provided a context.
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You haven't bothered to read the thread. I cannot accept responsibility for your failure to pay attention to the discussion.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Kushinator said:
You chose to hit reply and quote my statement without any consideration of the context, only to attack a straw man! Good work old sport.



You haven't bothered to read the thread. I cannot accept responsibility for your failure to pay attention to the discussion.
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I'm well aware of the discussion and have been on this thread longer than you when you jumped in to discuss the mortgage crisis on page 39. Then you threw around a few words you may or may not know (I missed when you first brought up JCP), and are now claiming that words you said are a strawman.

The assertion was made that Walmart is struggling (I saw no evidence presented that they are) and your counter was that they were flush with cash (and I see no evidence of that). Addressing your counter point is not a strawman and I presented facts to question you and you have your deflections and evasions. Pity.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

What if...? said:
Great article, which will be dismissed out of hand by many.
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I provided it to Moderate Right in the context of what the two of you were discussing. Instantaneous rejection.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

AliHajiSheik said:
I'm well aware of the discussion and have been on this thread longer than you when you jumped in to discuss the mortgage crisis on page 39. Then you threw around a few words you may or may not know (I missed when you first brought up JCP), and are now claiming that words you said are a strawman.

The assertion was made that Walmart is struggling (I saw no evidence presented that they are) and your counter was that they were flush with cash (and I see no evidence of that). Addressing your counter point is not a strawman and I presented facts to question you and you have your deflections and evasions. Pity.
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Maybe you could summon a sliver of honesty and respond to my post on the subject where Walmart approved a $20 billion stock buyback, a massive expenditure that won't provide any revenue growth.

In 2016 Walmart produced $32 billion in cash from operations. From 2012 to 2016, that number is $136 billion. For big box retailers, their stock trades for almost 10% free cash flow yield, and they've increased dividends every year for like 45 years.

At some point, asserting your ignorance in the face of facts becomes meaningless.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

AliHajiSheik said:
I missed when you first brought up JCP, and are now claiming that words you said are a strawman.
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I didn't bring up JCP... that was ludin. A most powerful way of displaying your reading comprehension skills.

The assertion was made that Walmart is struggling (I saw no evidence presented that they are) and your counter was that they were flush with cash (and I see no evidence of that).
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Notice that you didn't respond to ludin's comment about struggling, and instead chose to attack my statement out of context.

Relative to JCP, WalMart is flush with cash. You can use any liquidity measurement of your choice, and this will be the case.

Addressing your counter point is not a strawman and I presented facts to question you and you have your deflections and evasions. Pity.
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I've entertained your strawman longer than what is necessary.
 
Re: WalMart uses tax cuts to raise minimum wage to $11/hr with $1 bonuses

Kushinator said:
I didn't bring up JCP... that was ludin. A most powerful way of displaying your reading comprehension skills.



Relative to JCP, WalMart is flush with cash. You can use any liquidity measurement of your choice, and this will be the case.



I've entertained your strawman longer than what is necessary.
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Your evasion noted, you make up your own definition of flushed with cash and I'm left with my original hypothesis--any amount greater than your checking account.

We are done and it hasn't been entertaining.
 
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