October 18, 2010 by falcon7204
There have been reports in the news lately about Wal-Mart raising its prices (the latest in a Time magazine article, reprinted on news.yahoo.com) due to low stock prices and increased expectations by investors. It was brought to my attention that, if you purchased 30 items at Wal-Mart and each item increased in price an average of $1, you’d be spending an extra $30 on those items. If this was a weekly expenditure, you’re looking at $120 more over a month.
Frankly, I’m pretty sick and tired of investors deciding that the best way to increase their bottom line is to take it from ours. The middle class cannot continue to support large companies and their stockholders simply because the stockholders demand higher dividends. I am not, however, a proponent of forcing those companies and their investors to give some of their money back to the rest of us (what our President once called “shar(ing) the wealth”). What I am a proponent of is other companies matching Wal-Mart’s prices and allowing us to vote with our wallets and our feet – which is how the free enterprise system is supposed to work. The alternative is to allow companies like this to continue to bleed us, until we get to the point where we are unable to afford even the basics, and go on the government dole.
I’ve written posts before on other blogs that indicated such a tactic might seem to be deliberate, so that those receiving government largesse would be more likely to vote for the people who keep the loot coming. The jury might still be out on that issue, but one issue I think everyone agrees on: High prices are bad. And it certainly doesn’t allow people to “live better,” because we’re not “saving money.”
We now return you to your regularly scheduled Rangers (potential) victory.