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

joko104

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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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How awesome that, in this country, it is possible to be so overwhelmingly successful, and that you can pass on some of your success to your kids.
 
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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.
I imagine you didn't actually read the article.
 
The author of the quote has more net worth than 25% of all Americans because 24% of all Americans are under 18.
 
I imagine you didn't actually read the article.
Why actually bothering to read the article and realize it makes your own OP look pretty stupid when you can simply toss it out there as a headline and then make a completely unconnected and false follow on comment?
 
Why actually bothering to read the article and realize it makes your own OP look pretty stupid when you can simply toss it out there as a headline and then make a completely unconnected and false follow on comment?
I think we should be disturbed by the dumbing down of Americans. Too many people are easily manipulated by flimsy arguments based on convoluted statistics, especially as regards the income inequality issue.
 
How awesome that, in this country, it is possible to be so overwhelmingly successful, and that you can pass on some of your success to your kids.

How about passing on some of that success to the people who helped you achieve it? Like, your employees?
 
I think we should be disturbed by the dumbing down of Americans. Too many people are easily manipulated by flimsy arguments based on convoluted statistics, especially as regards the income inequality issue.
The really sad part to me is that there was a time when people were INSPIRED by the success of Sam Walton and would teach their children to work hard and succeed. Today we have a whiner class that is really really really sad about how unfair life is.
 
How about passing on some of that success to the people who helped you achieve it? Like, your employees?
WalMart employs a few million unskilled and under-educated people across the planet. Its so unfair, maybe someone else should provide better opportunities for them.
 
In a nation like the USA which operates as a Constitutional democratic republic (and please spare me the lectures aout what it was like in 1787) a trend such as this is dangerous and a threat to the long term social and political health of the nation. It will hopefully spur a national discussion of the issues central to it - namely the trend in America for two very different and radically economically different societies.
 
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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.
I can only imagine how much value this one firm must have provided to the rest of society in order for society to have given them that much money in return. It boggles the mind that a single company has made society $93 billion better off.
 
FFS, read the article before you start commenting. This is getting silly!
 
Most of their wealth is probably tied up in keeping control of Wal-mart Corp, and in capital reinvestment and expansion of same. They probably don't spend billions on their own whimsy like some would think... but even if they did that's okay. When a wealthy man throws a ten-million dollar party for his daughter's 18th birthday, you gotta bear in mind that that 10 mil isn't burnt up and gone.... it is paid out to caterers, decorators, entertainers, roustabouts and sound engineers, party planners and delivery companies and the people they employ... in other words it is being redistributed through spending and working, as it should be.

It's when the very wealthy hold on to billions and don't DO anything with them that it hurts the economy.
 
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.

no, they don't. their "net worth" is more, which in no way means that they have "more money". in fact, were they to attempt to access that wealth, they would destroy much of it.

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.

:yawn:
 
I can only imagine how much value this one firm must have provided to the rest of society in order for society to have given them that much money in return. It boggles the mind that a single company has made society $93 billion better off.

Wal Mart saves the average poor family... what, like 3-5,000 a year?
 
I can only imagine how much value this one firm must have provided to the rest of society in order for society to have given them that much money in return. It boggles the mind that a single company has made society $93 billion better off.
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.
 
no, they don't. their "net worth" is more, which in no way means that they have "more money". in fact, were they to attempt to access that wealth, they would destroy much of it.



:yawn:

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.

Personally I don't think that money is wealth. I might could acquire quite a bit of money without creating any wealth. Money is just a temporary store of value and in itself has no value other than as walpaper or maybe to startup your fireplace.
 
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Wal Mart saves the average poor family... what, like 3-5,000 a year?

I would seriously doubt it. If Wal Mart wasn't so wildly successful, other stores would have filled in the void. I'm not bashing Walmart, I'm just saying that studies by conservative economists have indicated that Walmart adds just a small tad to our wellbeing.
 
How about passing on some of that success to the people who helped you achieve it? Like, your employees?

They get paid to do a job. You think they deserve more than they make? Having spent quite a bit of time in Wal-Mart and seeing the attitudes, ineptitude, and general lack of ambition/intelligence/drive in the employees I'd say they're paid quite well for what they bring to the table.

I assume, of course, that you're refering to the store employees, and not corporate.
 
The conclusion to the OP article sums it up quite well, so what.

"But this comparison of wealth desn't show us quite what Mr. Goldberg thinks it does. If you've no debts and have $10 in your pocket you have more wealth than 25% of Americans. More than that 25% of Americans have collectively that is.

That a family who have inherited the majority of one of the leading global retailers have more wealth than the bottom 30% of Americans, when compared with how high up the tree a single ten dollar bill gets you, is pretty much worthy of a heartfelt "Meh".
"
I fall into the catagory of no debt, couple houses and cars. Debt free. Have been for years. and I am not even close to the 1% group. Guess I am better than 25% of the bottom Americans according to the article. How was this done, both wife and I worked, lived on one salary, saved the other till retirement. All done at under 100K per year.

People need to get over what other have and have accomplished. Worry about what you can do.
 
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.
I don't really care how much money they have, provided they pay their fair share in taxes. But I do think this article demonstrates Walmart should think about paying it's employees (most of whom probably fall into the bottom 30%) a little more.
 
How awesome that, in this country, it is possible to be so overwhelmingly successful, and that you can pass on some of your success to your kids.

That's not unique to this country. It's been going on since the beginning of mankind.
 
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.

Is it possible that some of that charity would be unnecessary if Wal Mart payed a better wage to its employees?
 
They get paid to do a job.
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.
 
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.

You completely ignored the rest of my post. I can only assume you did so because admitting that an employee is only worth as much as the job they do kills your entire argument about compassionate payroll...at least, if we're going to be logical about it.
 
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