Comment

Don't Blame the 1% for America's Pay Gap

27
Obdicut (Now with 2% less brain)4/25/2012 7:56:01 am PDT

re: #19 Bob Levin

But not poor people either. He began putting his stores (after failing a few times) in areas that had no stores. He was the only game in town. After he had amassed superior buying power, then he moved into cities. But he was creating his margin by buying vast quantities from suppliers, who weren’t what you’d call poor.

His customers were, and Wal-Mart’s customers remain, inclusive of the poor. You really need to accept that people can, in fact, become rich off of the poor.

I’ll stick by my assertion that you can’t make vast amounts of money from people who have no money.

No money? No. Quite small amounts of money? Yes, yes you can, if there’s vast amounts of those people.

I really don’t get how you can deny this. It’s freaking obvious.