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Business is out to make a profit. I don't hate a business that is trying to make a profit, that just does not make sense.
I don't blame Walmart or Apple for using manufacturing in China to get a greater profit. I blame our govt. for not placing tariffs on products made outside of the U.S. to level the playing field. If it were not profitable for Walmart and Apple to manufacture in China they would discontinue the practice.
Business is out to make a profit. I don't hate a business that is trying to make a profit, that just does not make sense.
I don't blame Walmart or Apple for using manufacturing in China to get a greater profit. I blame our govt. for not placing tariffs on products made outside of the U.S. to level the playing field. If it were not profitable for Walmart and Apple to manufacture in China they would discontinue the practice.
I don't hate them either.
There isn't much the government can do to get Americans to work for 50 cents an hour putting together IPhones. Just saying....
i am a huge fan of wal-mart. i think they are an icon of efficiency. i own some WMT stock, but i don't shop there because i don't want to associate with the lumpenproletariat nor do i want to buy their products of questionable origin. For people who like cheap, mass produced stuff of indeterminite quality, it's the place to go.
exxon is a necessary evil. i don't know much about it, but in general i think of nonrenewable resource extraction as dirty business - environmentally and politically.
apple, i'm not crazy about. on one hand they innovate and produce aesthetically appealing designs, on the other hand it is an overpriced status symbol. it is great for people who don't want to know much about their PC's or their devices. i prefer google over apple. hell i even prefer Microsoft over Apple.
There isn't much the government can do to get Americans to work for 50 cents an hour putting together IPhones. Just saying....
I am certainly not advocating that we work for 50 cents. When I lived in Japan. I was amazed at how expensive an american car was to purchase there. It cost nearly twice the amount that the car would cost in the U.S. The reason for the increase in cost there was because the car had to be imported and Japan slapped huge tariffs on imported goods. In addition, the only beef you could buy there was beef from there. You can only imagine how expensive that steaks were. I have not been to China, but I would bet the same situation applies.
My point is that other countries tax the crap out of stuff that we export, but we have little tariffs on their items. I am not for free trade, I am from fair trade.
Who are what do the intelligent and non-Americans hate?
I'd like to raise my bar a bit.
I don't think there's a specific thing that we can say "intelligent people hate", but I do think that we can state "It's okay to hate, as long as you know what you're hating."
I believe oil industry profit was around $38 billion on the 1st quarter alone, and if the government throws in another $4B a year, then I don't know what to tell you. There is more to it than just plain profits. No one hates profits per se. It is about the big oil making huge profits on a produce that is considered a necessity, - like food. People pay $4.00 per gallon and are hurting, and then they see big oil post record profits time after time. You don't have to buy an IPhone, but you have to buy gas. There is a big difference.
But how can you call these profits huge if your ingnoring percentages? BTW the soft drink industry has profits in excess 15% - and a company like Pepsico sell a lot of food which would also be a neccessity yet nobody screams that they are profiting too much. What do you think the profit if on bottles water? Excesive?
I agree with above posters that when media and politicians talk about who they should be mad at and why - people too often take their word for it without doing any research of their own.
It should not be the goverment's job (who by the way take in more per gallon of gas than the oil companies, which is in the below link) to dictate how profitable a company can be.
Here is who owns oil companies:
Quote:
Compared with a small fraction of oil stocks (about 1.5%) owned by corporate management, the vast majority of such investments are held by average Americans, primarily via retirement accounts. Independent research shows that 14% of industry shares are in IRAs and a full 30% held in mutual funds.
Another 27% of oil stocks are in public pension funds
I don't think there's a specific thing that we can say "intelligent people hate", but I do think that we can state "It's okay to hate, as long as you know what you're hating."
As far as those expending their time and energy hating Wall Street, Exxon, WM and so on, what a wasted effort. Just don't shop there or buy their stock.
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