The continuous republican attack on programs that help people

[Jjz1109]

Can you name one business that has a 200% markup?

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It’s a moot point, my friend. 100%, 200%. . . . There’s no appreciation for supply and demand, breakeven points, laws of diminishing returns. What this discussion has become is one of a debate of economic systems - - capitalism vs. socialism. And of emotion.

 

[StormfrontFL]

Can you name one business that has a 200% markup?

Well definitely not 200% but I know of a product that is definitely making a killing for one company. And if they do this with one item surely they have more. A calming collar that we bought for our pet sold on the company's website for $5.49 and in store for $15.99. Now if the minimum they sell for is $5.49 how much do you think it costs them in order to make a profit?

 

[StormfrontFL]

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It’s a moot point, my friend. 100%, 200%. . . . There’s no appreciation for supply and demand, breakeven points, laws of diminishing returns. What this discussion has become is one of a debate of economic systems - - capitalism vs. socialism. And of emotion.

It's not a debate of emotion. It's a discussion of when is enough enough. More for the people at the top (the ones who don't get their hands dirty) and less for the workers.
Why Wal-Mart can afford to give its workers a 50% raise

In the meantime, major increases in pay for CEOs and tiny ones to none for workers
Walmart CEO Doug McMillon saw his pay jump 13% last year

 

[Thikn2velvet1]

What is it even supposed to mean anyway? It's not like the standard of cost of a particular commodity stays constant. They're constantly changing by the maneuvering of what businesses think they can get for them and what consumers are willing to pay. Of course part of this process is going to occur by some business increasing the prices beyond the average. In other cases it will involve other business pushing it below the average due to their prediction they can outsell their competitors.

It means exactly what it says. Name any business that is able to mark up stuff at 200%. Grocery stores average a 1-5% mark up. Same with Walmart. Department stores might get to 15%.

You reply is foolish and betrays a real lack of education.

 

[Jjz1109]

It's not a debate of emotion. It's a discussion of when is enough enough. More for the people at the top (the ones who don't get their hands dirty) and less for the workers.
Why Wal-Mart can afford to give its workers a 50% raise

In the meantime, major increases in pay for CEOs and tiny ones to none for workers
Walmart CEO Doug McMillon saw his pay jump 13% last year

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Your emotion is clearly coming through. If you think those “at the top” simply just sit there collecting fat checks, and don’t get their hands dirty, then you’re misguided. Our economic system rewards those who drive profits, or they’re gone. If a CEO gets a raise, it means he/she has grown their company, not simply because they are “at the top.” Enough is enough? Ain’t happening.

 

[Thikn2velvet1]

It's not a debate of emotion. It's a discussion of when is enough enough. More for the people at the top (the ones who don't get their hands dirty) and less for the workers.
Why Wal-Mart can afford to give its workers a 50% raise

In the meantime, major increases in pay for CEOs and tiny ones to none for workers
Walmart CEO Doug McMillon saw his pay jump 13% last year

If we eliminated all CEOs of the top 500 companies and returned their salaries to workers, the workers hourly pay rate would increase by .15c. A worker would go from $8.00 to $8.15.

By your linked article( which was grossly incorrect mathwise) if we took the $66 million being paid to Walmart top executives and divided amongst its 2.2 million low level workers their yearly income would go up $30 or again, .15c per hour.

I am not arguing the philosophy but only the numbers.

 

[Klingsor]

I could take guesses at the possibilities, but it would be more useful if I just had you specify: what precisely do you have in mind by "limited abilities and skill sets"?

I'm not sure it can be defined "precisely," since we're talking about a continuum. But people without the skills acquired through formal education and/or professional training or mentoring tend to remain stuck in menial, low-income jobs. Cleaning toilets vs. computer systems analysis.

 

[Thikn2velvet1]

Well definitely not 200% but I know of a product that is definitely making a killing for one company. And if they do this with one item surely they have more. A calming collar that we bought for our pet sold on the company's website for $5.49 and in store for $15.99. Now if the minimum they sell for is $5.49 how much do you think it costs them in order to make a profit?

You need to think harder. Online retail is killing bricks and mortar for EXACTLY the case and reason you cited.

 

[Klingsor]

If a CEO gets a raise, it means he/she has grown their company, not simply because they are “at the top.”

Not necessarily.

The Highest-Paid CEOs Are The Worst Performers, New Study Says

As published in that radical left-wing rag, Forbes Magazine.

 

[StormfrontFL]

It means exactly what it says. Name any business that is able to mark up stuff at 200%. Grocery stores average a 1-5% mark up. Same with Walmart. Department stores might get to 15%.

You reply is foolish and betrays a real lack of education.

https://www.rd.com/advice/saving-money/10-outrageous-markups-youd-never-guess-you-were-paying/
21 expensive products that cost way more than they should
Top 10 Retail Markups
The 9 Everyday Products With the Biggest Markups

 

[StormfrontFL]

.
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Your emotion is clearly coming through. If you think those “at the top” simply just sit there collecting fat checks, and don’t get their hands dirty, then you’re misguided. Our economic system rewards those who drive profits, or they’re gone. If a CEO gets a raise, it means he/she has grown their company, not simply because they are “at the top.” Enough is enough? Ain’t happening.

What you can't understand is that no one is saying that the CEO can't get a raise but when he gets one that big and then turns around and says that employees can't get one because of reasons A, B, or C it doesn't make sense.

Also, since when do stockholders (most of whom sit back and play the market) get their hands dirty growing the business?

 

[StormfrontFL]

You need to think harder. Online retail is killing bricks and mortar for EXACTLY the case and reason you cited.

No need to think harder. Only a fool would pay the in store price if he could buy the same item online for much less. If an item is selling for $5.49 then that is one of the lower prices an item can sell for and still be profitable for the retailer. The company makes $3.00 profit for each one it sells.

 

[Thikn2velvet1]

What you can't understand is that no one is saying that the CEO can't get a raise but when he gets one that big and then turns around and says that employees can't get one because of reasons A, B, or C it doesn't make sense.

Also, since when do stockholders (most of whom sit back and play the market) get their hands dirty growing the business?

Uneducated posters are tough to discuss realities. You are uneducated. Very few people sit back and play the market. If they do, at least one half of them lose money. One half. That is how stock trades work. One seller, one buyer. One winner but more importantly one loser. Simple indisputable math.

Most stock holders today are giant Union pension funds and mutual funds like Vanguard. Rising stock market helps Union workers retirements.

Your lack of education is appalling.

 

[StormfrontFL]

Uneducated posters are tough to discuss realities. You are uneducated. Very few people sit back and play the market. If they do, at least one half of them lose money. One half. That is how stock trades work. One seller, one buyer. One winner but more importantly one loser. Simple indisputable math.

Most stock holders today are giant Union pension funds and mutual funds like Vanguard. Rising stock market helps Union workers retirements.

Your lack of education is appalling.

You think you're a Mensa member? First ,you think your math skills are so superior that the math in articles by financiers are wrong and yours is right. Second, you question the education of those who disagree with you and that only leaves your level of education in question.

Dumbass, if workers were so important when it came to stock they would be more valued at work. A company I worked for had five shareholders. Five. The company was highly profitable. The shareholders received major dividends. The CEO received a raise and a major bonus. The workers received a congratulatory e-mail. According to you, Mr. I Think I'm An Intellectual, that's all good.

 

[billybones]

Can you name one business that has a 200% markup?

Pharmaceuticals.

 

[Klingsor]

Pharmaceuticals.

Only 200% percent? I want to shop at *your* drug store!

 

[Industrialsize]

Pharmaceuticals.

Win some, lose some. Of the 3,230 drugs with both a NADAC and a NARP, the equally-weighted mathematical average gross profit per prescription was $7.46 per prescription. However, there were wide variations in the dollar profits earned by a pharmacy for dispensing a prescription.
Drug Channels: Transparency is Here! CMS Exposes Pharmacy Prescription Profit Margins

 

[Jjz1109]

Not necessarily.

The Highest-Paid CEOs Are The Worst Performers, New Study Says

As published in that radical left-wing rag, Forbes Magazine.

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CEOs are often given timelines to turn a company around or improve performance. It’s not a push button thing. But in general, if that CEO is not performing, then the board of directors and stockholders should vote him / her out. Otherwise, investors will go elsewhere, and the stock price will drop. If the CEO does not turn things around in the agreed upon timeframe, that CEO will not be long for that role.

 

[billybones]

Win some, lose some. Of the 3,230 drugs with both a NADAC and a NARP, the equally-weighted mathematical average gross profit per prescription was $7.46 per prescription. However, there were wide variations in the dollar profits earned by a pharmacy for dispensing a prescription.
Drug Channels: Transparency is Here! CMS Exposes Pharmacy Prescription Profit Margins

I didn’t mean to imply that %200 figure was across the board monolithic, only to illustrate that “one” business could be named.

 

[Klingsor]

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CEOs are often given timelines to turn a company around or improve performance. It’s not a push button thing. But in general, if that CEO is not performing, then the board of directors and stockholders should vote him / her out. Otherwise, investors will go elsewhere, and the stock price will drop. If the CEO does not turn things around in the agreed upon timeframe, that CEO will not be long for that role.

That still doesn't account for the findings of the study, unless you're arguing that, in general, CEOs are overpaid until they're fired. Which is the same as saying they're overpaid.