Actually, if we were going t follow the ultra conservative mantra that states that all wealthy and super wealthy are better because they earned every penny of their wealth, then the government should have an inheritance tax of 100%!! This is because if the inheritors themselves lose all of the inherited wealth, then they get to start all over again, and this is obviously better for their outlook on the wealth that they actually earned!!
Yea, Sam did build up a great business, and his kids certainly made it big-time. As Wal-Mart began expanding into New England, they ballyhooed about the “fact” that they only sold U.S. made goods. As I visited the first time, I found many items which were NOT. Since then, their presence has exploded all over the U.S. and the world. Low wages. Few benefits. Temps. Illegal aliens. Cheating on overtime hours. They own factories in China. (They should fly the Chinese flag over their stores) They even defended Chinese companies, sued by U.S. manufacturers for “dumping”. Underpricing, to drive local Drug stores out of business. Political contributions/Lobbyist fees? I don’t want to even ask! Oh, yes, this is Unrestrained Capitalism at it’s finest!
Tigger: may want to list the millions who’ve worked far harder, for decades, and gotten nowhere? Creativity, is rewarded on occasion, but those occasions are far rarer than, failure. It is connections and “luck” that play a large role in success, and finding a “sugar daddy” to pull you up is often key. Our national policy should be for everyone to have access to that “sugar daddy”, but it ain’t going to happen.
Now having someone with the technology to cross interstellar space and ask for financial advice?That is the joke of the ’toon.
Dtroutma almost 10 years ago
^Hmm, Koch brothers, Walton family, right, inheritance is good, especially with no taxes on it.
frodo1008 almost 10 years ago
Actually, if we were going t follow the ultra conservative mantra that states that all wealthy and super wealthy are better because they earned every penny of their wealth, then the government should have an inheritance tax of 100%!! This is because if the inheritors themselves lose all of the inherited wealth, then they get to start all over again, and this is obviously better for their outlook on the wealth that they actually earned!!
MIHorn Premium Member almost 10 years ago
Bush didn’t want to cut taxes on the “job creators”. But all the jobs they created were in China, Mexico and India.
moosemin almost 10 years ago
Yea, Sam did build up a great business, and his kids certainly made it big-time. As Wal-Mart began expanding into New England, they ballyhooed about the “fact” that they only sold U.S. made goods. As I visited the first time, I found many items which were NOT. Since then, their presence has exploded all over the U.S. and the world. Low wages. Few benefits. Temps. Illegal aliens. Cheating on overtime hours. They own factories in China. (They should fly the Chinese flag over their stores) They even defended Chinese companies, sued by U.S. manufacturers for “dumping”. Underpricing, to drive local Drug stores out of business. Political contributions/Lobbyist fees? I don’t want to even ask! Oh, yes, this is Unrestrained Capitalism at it’s finest!
Dtroutma almost 10 years ago
Tigger: may want to list the millions who’ve worked far harder, for decades, and gotten nowhere? Creativity, is rewarded on occasion, but those occasions are far rarer than, failure. It is connections and “luck” that play a large role in success, and finding a “sugar daddy” to pull you up is often key. Our national policy should be for everyone to have access to that “sugar daddy”, but it ain’t going to happen.
Now having someone with the technology to cross interstellar space and ask for financial advice?That is the joke of the ’toon.
louieglutz almost 10 years ago
interesting article on politico recently: wall street’s second choice is hillary.
Dtroutma almost 10 years ago
Of the richest women in the U.S., only less than 5% did not get it from inheritance.