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what?! My influencer said they make bank! And the Waltons are among the richest people!!
Someone really needs to walk these commudummies through how net worth works.
Let's say Waltons are worth $3 billion in net worth. Just making numbers up. US has 300 million people. If you liquidate their entire net worth, you'd have enough to give everyone 10 bucks, once.
And that's assuming you can even sell their assets at book value... a big if. And you'd have to find a buyer. And if the buyer spends $3 billion on this Walmart purchase, that's $3 billion not circulating to other uses.
But let's imagine that it works more like they think it magically works in their head. That the company goes poof and the $3 billion just gets distributed. Well, great, everyone gets 10 bucks but now you have hundreds of thousands of people without jobs and tens of thousands of stores rotting away with no purpose. Congrats?
Dude, it's like somebody did that once??
Or twice. Or a hundred times:(
https://thedailyeconomy.org/article/eating-the-rich-wont-feed-the-beast/
clearly, it's not reaching them
Even for discounters it does not make sense. Walmart is publicly traded, everyone can look up their margins. They're tiny. Supermarkets make tiny margins and make up for it in volume. Most of this margin comes from unhealthy complex products.
Western government already pay huge subsidies to farmers. Basic ingredient foods are already cheaper than their cost to produce them!