Originally posted by: Bowfinger
Originally posted by: rjain
You know what's amazing? The fact that so many people claim to support the American Dream but hate its results.
Sorry, Wal-Mart is not an example of the American Dream. It is a perversion of the American Dream.
For the sake of a simple example, let's assume the American Dream is to become a millionaire. According to Forbes, in 2002 the five heirs to the Walton fortune were worth
$103 Billion. Let that sink in for a moment . . . that's 103 thousand million dollars. That is a tenth of a trillion dollars. That is up to 102,995 Americans who were denied the American Dream because Wal-Mart took it from them.
Yes, this is a gross oversimplification, but the principle holds. Wal-Mart's incomprehensible profits didn't just materialize out of thin air. One way or another, it came out of the pockets of Americans. It came from tens of thousands of potential business owners who could not compete with Wal-Mart. It came from countless factory workers who became unemployed because Wal-Mart forced their former employers to move their factories overseas.
Why? Because Wal-Mart wanted to lower the retail price of its goods, but it was NOT willing to make less money. That $5 you saved on those cheap shoes didn't come out of the 103,000 million dollars in the Waltons' pockets. It came out of the pocket of a former factory worker or factory owner.
When you shop at Wal-Mart, you're helping put Americans out of work. Sure, a fraction of those unemployed will get "lucky" and get crappy jobs at Wal-Mart. That's only a drop in the bucket compared to the total jobs lost.
Edit: typo