Free Market Laughs In Lying GOP’s Face: Greedy Walmart Heirs Lose $41B, Costco Profits Soar

by RANDA MORRIS – On October 15, the value of Walmart stock plummeted to a 30-year low. In a single day, the Walton heirs lost more than $11 billion. The huge loss came on the heels of the company’s annual shareholder report, which revealed that instead of the one to two percent profit increase Walmart promised its shareholders, the company is projecting losses as high as 12 percent. While the greedy Walmart heirs will never be broke (you can bet they will transfer their personal losses to the public long before that happens) before this year is over they will have lost more than $41 billion. The lying republicans keep telling us that corporations have to exploit their workers in order to succeed. But Walmart, which has earned its reputation as one of the most exploitative corporations in the world, is losing huge sums of money on a global scale....

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