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Sam Walton's 6 son's worth more than bottom 30% combined

But rich people don't create jobs.....

:shock:
 
ChuckBerry said:
Is it possible that some of that charity would be unnecessary if Wal Mart payed a better wage to its employees?
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Purely speculative...I dont know if any of the recipients are WalMart employees, though I doubt it considering the community that we serve. Lets say WalMart doesnt give those charitable donations (and yeah...kinda doubt you can blame the DV on WM...but why not). How much benefit to the community are YOU offering?
 
Sad indeed that heroes have become villains. An uprising of the covetous
 
VanceMack said:
We just picked up 360 boxes of food and full sized hams for Christmas dinners this AM for distribution. Picked them up from the Walmart distribution center (they also donated an identical number of dinners and full sized turkeys for Thanksgiving. They funded to homeless shelters Thanksgiving meal. They also are the majority fund-giver of the county Domestic violence coalition and Women's Shelter. Along with McDonald's, they fund most of our prevention programs for at-risk youth (I am sure they claim much of this on their corporate taxes). That doesn't address how much they give in other charitable contributions, how much they pay in state and local taxes, and how many jobs they are responsible for in the community between the Distribution Center and 4 local stores. Not sure what you are looking for in 'worth to a community', but I know what they provide here.
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let's look at walmart's history of helping those in need:
H&M and Wal-Mart destroy and trash unsold goods | Work + Money - Yahoo! Shine
This week the New York Times reported a disheartening story about two of the largest retail chains. You see, instead of taking unsold items to sample sales or donating them to people in need, H&M and Wal-Mart have been throwing them out in giant trash bags. And in the case that someone may stumble on these bags and try to keep or re-sell the items, these companies have gone ahead and slashed up garments, cut off the sleeves of coats, and sliced holes in shoes so they are unwearable. ...
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I take my hat off to Sam Walton for being so successful, even if he did kill off countless small businesses along the way and outsource huge amounts of production to China. Good for him. His children, OTOH, did not earn the $20 billion they each inherited.
 
AdamT said:
I take my hat off to Sam Walton for being so successful, even if he did kill off countless small businesses along the way and outsource huge amounts of production to China. Good for him. His children, OTOH, did not earn the $20 billion they each inherited.
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And neither did the people who somehow feel they're entitled to take the lions share now.
 
So the son of the creator of the largest companies in the world is worth more than 30%. That just doesn't seem believable at all. Gosh. Shocking. Awful. Terrible. Scandalous. Evil.
 
X Factor said:
And neither did the people who somehow feel they're entitled to take the lions share now.
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No? Not the public that supported his business all those years? The taxpayers who paid to keep up the roads and highways that made it possible? The folks who paid the diplomats to ensure reasonably free trade with China, where he obtained so much of the crap he sold? The people who paid for national security to keep shipping lanes safe and the ports open? Seems to me the people of this country gave Sam Walton quite a lot.
 
justabubba said:
let's look at walmart's history of helping those in need:
H&M and Wal-Mart destroy and trash unsold goods | Work + Money - Yahoo! Shine
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An incident from January 2010 is certainly reason to indict the company.

Of course...since you were nigh unto tripping over yourself to find a negative report let me help you with a few different ones.
"Walmart and the Walmart Foundation are in the second year of a $2 billion cash and in-kind hunger relief campaign that extends through 2015. The Foundation’s contributions are strategically aimed at ending hunger for the 1 in 6 Americans that do not know where their next meal is coming from. As such, the Foundation seeks to fund initiatives that integrate hunger relief into our four focus areas."
Walmartstores.com: The Walmart Foundation

I see what they do in our community every day. I DONT see whiny ****heads that complain about WalMart supporting the programs we work with.
 
VanceMack said:
An incident from January 2010 is certainly reason to indict the company.

Of course...since you were nigh unto tripping over yourself to find a negative report let me help you with a few different ones.
"Walmart and the Walmart Foundation are in the second year of a $2 billion cash and in-kind hunger relief campaign that extends through 2015. The Foundation’s contributions are strategically aimed at ending hunger for the 1 in 6 Americans that do not know where their next meal is coming from. As such, the Foundation seeks to fund initiatives that integrate hunger relief into our four focus areas."
Walmartstores.com: The Walmart Foundation

I see what they do in our community every day. I DONT see whiny ****heads that complain about WalMart supporting the programs we work with.
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That's commendable. I wonder how many of their own employees are lined up there because they can't make do on their pathetic pay and no benefits.
 
VanceMack said:
An incident from January 2010 is certainly reason to indict the company.

Of course...since you were nigh unto tripping over yourself to find a negative report let me help you with a few different ones.
"Walmart and the Walmart Foundation are in the second year of a $2 billion cash and in-kind hunger relief campaign that extends through 2015. The Foundation’s contributions are strategically aimed at ending hunger for the 1 in 6 Americans that do not know where their next meal is coming from. As such, the Foundation seeks to fund initiatives that integrate hunger relief into our four focus areas."
Walmartstores.com: The Walmart Foundation

I see what they do in our community every day. I DONT see whiny ****heads that complain about WalMart supporting the programs we work with.
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i suspect you do not see them because you avoid finding them
just as you avoided recognizing walmart's actions destroying clothing rather than providing it to the needy
 
1Perry said:
Just to note......many times stores MUST do this because of government regulations.
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good to know
what government regulations?
 
joko104 said:
Six Waltons Have More Wealth Than the Bottom 30 % of Americans - Yahoo! News

The 6 sons of Sam Walton (Wal-Mart) are worth more than the bottom 30% of Americans combined. They have more money than 100,000,000 Americans combined.

Yet Obama and Republicans agreed that isn't enough.

I recall Michelle Obama congratulating Wal-Mart and President Obama agreeing that Walton son's just couldn't afford the health care law for their Wal-Mart employees so gave them an exemption. Republicans, of course, believe the Walton's pay too much for taxes already.
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:2bigcry:Boo hoo sniff sniff...Its not fair that they are rich as we aren't boo hoo sniff sniff.:2bigcry: Boo Hoo sniff sniff I am so jealous, we should tax the living **** out them thar rich people even though the majority of the botton 30% don't pay any federal income taxes waa boo hoo sniff sniff:2bigcry::baby2
 
VanceMack said:
We just picked up 360 boxes of food and full sized hams for Christmas dinners this AM for distribution. Picked them up from the Walmart distribution center (they also donated an identical number of dinners and full sized turkeys for Thanksgiving. They funded to homeless shelters Thanksgiving meal. They also are the majority fund-giver of the county Domestic violence coalition and Women's Shelter. Along with McDonald's, they fund most of our prevention programs for at-risk youth (I am sure they claim much of this on their corporate taxes). That doesn't address how much they give in other charitable contributions, how much they pay in state and local taxes, and how many jobs they are responsible for in the community between the Distribution Center and 4 local stores. Not sure what you are looking for in 'worth to a community', but I know what they provide here.
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I think you are a horrible person to point out good things these evil money grubbing people do. Please just go along with the narrative that all rich people are like pre-ghost Scrooge.
 
ChuckBerry said:
Yeah, and they get paid, in general, very little, some with no benefits. I don't begrudge any man success. Howeverit is a poverty that the people who do the hands on work that make him successful are impoverished or very near it.

Corporations could be doing much more to ensure that the rank and file that make their companies run are properly taken care of, and not merely given as little as they will accept to do the job.
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Are you making assumptions or do you know people that work at Wal-Mart?

Are the employees complaining about what they get paid or only people that don't work there?
 
jamesrage said:
:2bigcry:Boo hoo sniff sniff...Its not fair that they are rich as we aren't boo hoo sniff sniff.:2bigcry: Boo Hoo sniff sniff I am so jealous, we should tax the living **** out them thar rich people even though the majority of the botton 30% don't pay any federal income taxes waa boo hoo sniff sniff:2bigcry::baby2
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Actually, I believe it's the bottom 47%, ergo the 53%.

The 53%: Occupy Wall Street backlash - Oct. 26, 2011
 
imagep said:
If the simple act of accessing wealth distroys it, then I seriously doubt that the wealth existed to begin with. Sort of like a mirage on the highway - by the time you get to where you think the water is, it's moved on down the road.
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well, it generates dividends in the meantime. but imagine the effect on their networth if they tried to dump all their stock.
 
AdamT said:
No?
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that is correct.

Not the public that supported his business all those years?
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they did so only because he provided them with better products at lower prices. mutually beneficial trade. he no more "owes" them than they "owe" him.

The taxpayers who paid to keep up the roads and highways that made it possible?
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he was a taxpayer who paid for the roads and highways. in fact, walmart is a huge taxpayer, as it is unable to take advantage of many of the loopholes and credits available to the more trendy businesses like G.E.

The folks who paid the diplomats to ensure reasonably free trade with China, where he obtained so much of the crap he sold?
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considering he was one of the folks who did so. again, we are left with him owing them no more than they owe him. unless you want to look at comparative paying-of-the-diplomats, in which case you owe him alot more than he owes you.

The people who paid for national security to keep shipping lanes safe and the ports open?
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ditto
 
AdamT said:
That's commendable. I wonder how many of their own employees are lined up there because they can't make do on their pathetic pay and no benefits.
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no kidding man. they'd be so much better off if they were unemployed, amIright? like, for example, the fact that Wal Mart is the largest employer of America's Seniors, who often greet part time in order to supplement Social Security. Screw Old People, eh? No Job Is Better Than A Non High Paying Job!
 
AdamT said:
That's commendable. I wonder how many of their own employees are lined up there because they can't make do on their pathetic pay and no benefits.
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Might be interesting to know. Also might be interesting to know how many of their employees would be unemployed if it werent for a company like WalMart that takes under educated and unskilled workers and gives them opportunities to work, advance, opportunities for education, etc. I dont see too many of WalMarts opponents breaking any sounmd barriers in their rush to provide viable alternatives...just a whole lot of people whining about their success.
 
To those bitterly complaining of my OP and both Obama and Republicans granting unique concessions to WalMart - also to give WalMart an economic advantage against all other competitors, I suppose you also believe the Walton sons really should be receiving food stamps too as part of the overall government welfare program for them.
 
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