Funny how people forget that profits are AFTER wages and benefits.. Meaning that the billions that the top people of these companies get in wages and benefits don't count as profit.
It's hardly billions. I read an article yesterday pointing out that if the Walmart CEO got nothing (no cash, no benefits, no stock, no options), the average employee would get something between $30 and $100 a year. That's hardly going to make or break anyone's living.
Money spent expanding the company (increasing it's value) don't count as profit.
Do you think it ought to? Investing in the company to grow it is generally seen as a good thing. We've chosen to tax companies on profit, not revenue. I don't think either one is provably right, it's just a choice we made.
Money spent eating lobster and drinking fine wine on the expense account don't count as profit.
I used to work with a sales team selling to Walmart. There was a distinct lack of lobster and wine. What's your experience?
Yes, I really want to hold up Walmart.
Good, so do I.
What you're missing is the vast numbers of people they've helped. How many employees do you think they have (answer: 500,000-ish)? How about how many customers (answer: hundreds of millions)? Are you really saying you know it's better for those 1,000 people to pay more to support the one employee? How can you possibly know that?
All I can say is when Walmart has job openings, people flock to apply. It's statistically harder to get a job at Walmart than to get accepted at MIT. That tells me they're striking deals which are fantastically appealing to their applicants, much better than the applicant's next best option. What makes you so well informed and wise as to know that's the wrong decision for them? Have a little respect for the little people to let them make their own choices.