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Amazon: profit up 100% Walmart: profit up 80% Target: profit up 80% Lowe's: profit up 74% Microsoft, Facebook, Apple, Google: stock at record high Small businesses: 21% closed; revenue for rest down 30% We're seeing a monumental wealth transfer from mom & pops to conglomerates.
My company processes small business payments. In 2008 - the worst recession in 80 years - small biz revenues fell 20%. Now they're down 30%. Meanwhile, the stock market is at a record high. So the biggest corporations are in a record boom and small biz are in a record free fall
Easy and biased opinion . It’s not that simple
Sometimes it is...it’s just not comfortable for many who are heavily invested in conglomerates.
Keep spreading the news. It’s going to take time and commitment, but I appreciate you.
In a glimmer of light, here in UK we are actually seeing the reverse in certain sectors. On my local high street all the restaurants owned by large chains or private equity firms have closed down, all the small independents are still around and thriving.
I work at lowes and we have been running non stop since march. People getting fired left and right. New people coming in all the time. Customers come packing in. Every day is like a Saturday. Lots of people who refuse to wear masks. Low employee moral.
Thank you. People have to stop empowering these criminals. There are two kinds of Walmarts, the ones in town that the local council subsidized and those built at the edge of town to spite the local community when they didn't get free money.
... and soon, Trump family and sycophants will be buying foreclosed properties at bargain prices as hundreds of thousands become homeless.
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