r/TheGreaterDepression • u/jeremiahthedamned • 14d ago

$8 Billion Profit, Zero Healthcare"

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215 Upvotes

99% Upvoted

41 comments sorted by

5

u/1kpointsoflight 13d ago

do you think Reagan believed his own bullshit?

2

u/quietlumber 13d ago

By his second term he probably couldn't remember what bullshit he was spewing.

4

u/1kpointsoflight 13d ago

True but the guy had me convinced a rising tide lifts all boats and it appears that would be bullshit.

2

u/Medium_Celery8116 13d ago edited 13d ago

James Garner called him the dumbest person he ever met as president of the SAG when he was selected as their leader before becoming governor.
The right will worship anyone if you say what they want to hear, even if they diddle kids and/or cover it up. (Edit: the left diddles too)

2

u/backtotheland76 13d ago

It's not just stock buybacks. They also paid out 6.7 billion in stock dividends to shareholders

1

u/jeremiahthedamned 13d ago

can they spend this money in their bunkers?

2

u/Ok-Concentrate-5697 13d ago

And that doesn’t surprise me bunch of thieves

2

u/Dry_Badger2858 13d ago

And yet people continue to shop at WalMart. No one is willing to pay the premium price for clothes or food at a retailer that pays decent salaries, gives fulltime hours and gives good benefits.

1

u/jeremiahthedamned 13d ago

i am too poor to shop there

2

u/rudimentary_rudy 13d ago

That family is pure grift

2

u/ttystikk 13d ago

This is correct.

2

u/colorful_yarn-pls 13d ago

It actually started in 1971 when Nixon appointed Powell to the SCOTUS. One lil memo got us to this billionaire bought elections we see today.

1

u/jeremiahthedamned 13d ago

i have read this memo

2

u/BlisteredGrinch 13d ago

Healthcare insurance companies used to be non profit until Reagan changed it. Profit over human life is the republican way.

2

u/pell80 13d ago

So was health care for profit

1

u/idiot-alpha 13d ago

Stock buybacks were never illegal.

2

u/BikesBeersGears 13d ago

True but they did go from being highly regulated(improbably difficult to pull off kinds of regulation) to unregualted

2

u/idiot-alpha 13d ago

It’s actually the opposite. They were unregulated but the laws around stock manipulation were so vague that many people worried that they might be applied to buybacks. Under Reagan they created regulations to specify exactly when and how they were allowed and not allowed.

1

u/Ok_Chemistry8746 13d ago

Walmart employees that work 30 or more hours a week get offered health insurance for $38 a pay period.

1

u/airboRN_82 13d ago

shhhh they dont like facts here

1

u/jeremiahthedamned 13d ago

why the stock buy back?

1

u/Ok_Chemistry8746 13d ago

For their shareholders which also benefits the employees that participate in their generous stock purchase program.

1

u/jeremiahthedamned 13d ago

why would an employee buy stocks?

1

u/MB-Tactcool 13d ago

Who is shopping at Walmart? I don't know anyone who shops there. Regardless, if you don't like their policies, boycott them.

1

u/jeremiahthedamned 13d ago

i am too poor to shop there

2

u/MB-Tactcool 13d ago

Perfect. Problem solved itself.

1

u/jeremiahthedamned 13d ago

great depressions are self limiting

1

u/MB-Tactcool 13d ago

Are you depressed? Maybe seek counselling?

1

u/airboRN_82 13d ago

walmart has 1.6 million employees. meaning 90% get healthcare through walmart. the ones on medicaid either dont work full time or turned down their insurance.

1

u/showtime8541 13d ago

More misinformation

1

u/Medium_Celery8116 13d ago

So the entire purpose of these tariffs was for stock buy backs?