• null_dot@lemmy.dbzer0.com
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    1 day ago

    Settle down mate.

    I don’t think you really understand pension plans.

    When you shop at a large conglomerate store, the profit goes to shareholders. Most people are shareholders.

    A small business owner is just as likely to spend the profit on an overseas holiday.

    The idea that buying local helps your local economy is reductive, and doesn’t bear scrutiny. The only reason it’s a popular idea is that local business owners like to say it.

    • GoofSchmoofer@lemmy.world
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      1 day ago

      Most people are shareholders.

      This doesn’t play out in the data. Analysis of the Fed data found that the lion’s share of these gains went to the richest 1 percent. This elite group owns 54 percent of public equity markets, up from 40 percent in 2002.

      Most people that work these in these large big box shops are not making enough to invest significantly in the stock market. Who are are the owners of these big box stores.

      Also this idea all small business owners are some large conglomerate of self-righteous all for me fuck you doesn’t play out over the larger population. Sure some people are but you are also making sound bad that someone that was successful with their small business shouldn’t travel?

      What do you think the owners of these large companies like target and walmart are doing with their profit? Not all of that is going to pension plans.

      Also, this idea that big conglomerate stores are some how the savior of the free market is a weird hill to die on.

      • null_dot@lemmy.dbzer0.com
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        1 day ago

        Do you mean to tell me that wealthy people own most things? I’m shocked!

        I didn’t say mum and dad own Walmart. My point us simply that the “buy local” catch cry of small business owners isn’t as simple as you’re making out.

        Again, I didn’t say small business owners aren’t allowed to go overseas. Merely that there’s no guarantee that buying local means your money stays local.