A Stitch in Haste

A Stitch in Time Saves Nine...But Haste Makes Waste

A collection of real-world libertarian, individualist and laissez-faire rants on law, economics, politics, culture and other current events
by an average, everyday lawyer & investment banker and part-time pop scholar.

Terrorists, Wal-Mart, Whatever...
(Why aren't you reading this at the new website?)

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We must defeat the enemy!
Senator Joseph R. Biden Jr. of Delaware, a likely Democratic presidential candidate in 2008, delivered a 15-minute, blistering attack to warm applause from Democrats and union organizers here on Wednesday.
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It was [against] Wal-Mart, the nation's largest private employer.
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"My problem with Wal-Mart is that I don't see any indication that they care about the fate of middle-class people[.]"
Nope, no indication whatsoever. Except for the rock-bottom prices and staggering variety that Wal-Mart provides, mainly to middle-class Americans (the ultra-poor and ultra-rich generally do not shop at Wal-Mart.)

Or the starter jobs that Wal-Mart provides to young, inexperienced workers, including middle-class teens. Or the supplemental income to middle-class post-retirement seniors. Or the first employment opportunities for newly-arrived immigrant relatives of middle-class citizens. Or the part-time and flextime opportunities for middle-class employees with special circumstances.

Or the property taxes that Wal-Mart pays, primarily in middle-class communities.

Or the $2.8 billion per year in dividends that Wal-Mart pays on its common stock — most of which is held either directly by or for the benefit of middle-class Americans.

Nope, definitely no indication at all.

More thoughts from The Phalanx, Abuse of Discretion, Below the Beltway, Cato@Liberty.
Posted by Kip on 18 August 2006


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