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I don't see how anyone can justify this.
Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans
Vermont Sen. Bernie Sanders, an independent who caucuses with Democrats, tweeted a startling statistic to his followers on July 22, 2012: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."
Sanders speaks and writes frequently about wealth distribution in the U.S., a hot-button issue among liberals and a rallying cry of the Occupy Wall Street Movement.
The Waltons, of course, are members of the proverbial 1 percent. But are they really sitting on that much wealth? We decided to check it out.
First, what is wealth?
In economics, wealth is commonly measured in terms of net worth, and it’s defined as the value of assets minus liabilities. For someone in the middle class, that could encompass the value of their 401(k) or other retirement accounts, bank savings and personal assets such as jewelry or cars, minus what they owe on a home mortgage, credit cards and a car note.
It does not include income -- what people earn in wages. For that reason, someone who earns a good salary but has little savings and owes a lot of money on their house would have a negative net worth.
In fact, because so many Americans invest in real estate to buy a home, middle-class wealth has been one of the biggest casualties of the housing-driven recession.
From 2007 to 2010, typical families lost 39 percent of their wealth, according to the Federal Reserve’s Survey of Consumer Finances, done every three years. In 2007, the median family net worth was $126,400. In 2010, it was $77,300, according to the survey.
Where the Waltons fit in
Six members of the Walton family appear on the Forbes 400 list of the wealthiest Americans. Christy Walton, widow of the late John Walton, leads the clan at No. 6 with a net worth of $25.3 billion as of March 2012. She is also the richest woman in the world for the seventh year in a row, according to Forbes. Here are the other five:
No. 9: Jim Walton, $23.7 billion
No. 10: Alice Walton, $23.3 billion
No. 11: S. Robson Walton, oldest son of Sam Walton, $23.1 billion
No. 103: Ann Walton Kroenke, $3.9 billion
No. 139: Nancy Walton Laurie, $3.4 billion
Sure sign of losingCitizens United? Dude, do you even understad what the case was about?Almost all income goes to the top 1%, wages are stagnant for the middle class and the poor, plutocracy develops, like it is now, see citizens United.. Historically, societies so not succeed when a massive wealth gap exists, emperors, monarchs, feudalism.. People will eventually get fed up, no one is saying the waltons need to have their wealth stolen, the point is, can we really continue along this trend? And don't give me the bullshit about democrats, this shit has been happening for decades. Remember Reagan?Please explain what is unhealthy about it. Libs never can quite articulate the issue here, especially if told they cannot say "South America" because the dynamics are completely different.No one is saying Walmart should have stopped, what we really need to recognize is how unhealthy it is for one family to own so much wealth.Who should have that money?
Should they have just stopped after, say, three locations? Or 3?
Wages have been stagnant because of Dem policies. What about this have you missed?
Obama's economy has grown about 2% a year. Reagan's was growing at twice that rate. The middle class under Reagan migrated into the upper class. Under Obama they are falling into the dependent class.
You must have been in kindergarten when reagan was prez
Wahhhh wahhh wahhh keep listening to Progressives and they'll have everyone in poverty
Is that all you got? Oh well, you have a posting quota to meet so, ok.
And the alternative is? Right, no job at all. WalMart subsidizes the government by hiring people who otherwise would not work.they also employ hundreds of thousands.....
What good is a job that pays so little that you qualify for social assistance while working full time?
My guess is you are living in mom's basement and working part time at a sandwhich shop after you graduated with a degree in sociology. Or was it African culture?Some of the nasty little consevatives on this thread are probably brown noses at work too. Brown the big boss. That is, if they have jobs at all. My guess is that frank and the rabbi are collecting socialist security and have time to listen to rush all day about how the poor billionaires have it so tough having to pay taxes.
And the alternative is? Right, no job at all. WalMart subsidizes the government by hiring people who otherwise would not work.they also employ hundreds of thousands.....
What good is a job that pays so little that you qualify for social assistance while working full time?
Did you miss the part where they increased their starting wage to 9/hr recently? Yeah, profits tanked and they are cutting back hours. The employees thank you for your "concern"
Conservatives can care less about small government, conservatives want the government to enforce their moral bullshit.And the alternative is? Right, no job at all. WalMart subsidizes the government by hiring people who otherwise would not work.they also employ hundreds of thousands.....
What good is a job that pays so little that you qualify for social assistance while working full time?
Did you miss the part where they increased their starting wage to 9/hr recently? Yeah, profits tanked and they are cutting back hours. The employees thank you for your "concern"
So they make billions a year while paying so little workers collect welfare. Is that increasing or decreasing government dependence? Your precious rich are increasing the size of government. They cut health insurance and now we have obamacare. Are conservatives stupid or do they not care about small government?
"Yes, dumbass, it is WHINING when you ask for "justification" of earned wealthFunny how I never whined, only pointed out a fact.
The Walton family is among the richest families in the world. Their wealth inherited from Bud and Sam Walton, founders of the world's largest retailer, Walmart.[1] The three most prominent living members (Jim, Roband Alice) have consistently been in the top ten of the Forbes 400 since 2001, as were John (d. 2005) and Helen (d. 2007) prior to their deaths. Christy Walton took her husband John's place after his death.
Collectively, the Waltons own over 50% of the company, and are worth a combined total of $147 billion (as of January 2015).[2] In 2010, six members of the Walton family had the same net worth as either 28% or 41% of American families combined (depending on whether household net indebtedness is counted).[3]
"
So? How is their wealth taking anything away from you?
I don't see how anyone can justify this.
Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans
Vermont Sen. Bernie Sanders, an independent who caucuses with Democrats, tweeted a startling statistic to his followers on July 22, 2012: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."
Sanders speaks and writes frequently about wealth distribution in the U.S., a hot-button issue among liberals and a rallying cry of the Occupy Wall Street Movement.
The Waltons, of course, are members of the proverbial 1 percent. But are they really sitting on that much wealth? We decided to check it out.
First, what is wealth?
In economics, wealth is commonly measured in terms of net worth, and it’s defined as the value of assets minus liabilities. For someone in the middle class, that could encompass the value of their 401(k) or other retirement accounts, bank savings and personal assets such as jewelry or cars, minus what they owe on a home mortgage, credit cards and a car note.
It does not include income -- what people earn in wages. For that reason, someone who earns a good salary but has little savings and owes a lot of money on their house would have a negative net worth.
In fact, because so many Americans invest in real estate to buy a home, middle-class wealth has been one of the biggest casualties of the housing-driven recession.
From 2007 to 2010, typical families lost 39 percent of their wealth, according to the Federal Reserve’s Survey of Consumer Finances, done every three years. In 2007, the median family net worth was $126,400. In 2010, it was $77,300, according to the survey.
Where the Waltons fit in
Six members of the Walton family appear on the Forbes 400 list of the wealthiest Americans. Christy Walton, widow of the late John Walton, leads the clan at No. 6 with a net worth of $25.3 billion as of March 2012. She is also the richest woman in the world for the seventh year in a row, according to Forbes. Here are the other five:
No. 9: Jim Walton, $23.7 billion
No. 10: Alice Walton, $23.3 billion
No. 11: S. Robson Walton, oldest son of Sam Walton, $23.1 billion
No. 103: Ann Walton Kroenke, $3.9 billion
No. 139: Nancy Walton Laurie, $3.4 billion
Walton's are the new Kulaks.
Progressives always need a villian
I don't see how anyone can justify this.
Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans
Vermont Sen. Bernie Sanders, an independent who caucuses with Democrats, tweeted a startling statistic to his followers on July 22, 2012: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."
Sanders speaks and writes frequently about wealth distribution in the U.S., a hot-button issue among liberals and a rallying cry of the Occupy Wall Street Movement.
The Waltons, of course, are members of the proverbial 1 percent. But are they really sitting on that much wealth? We decided to check it out.
First, what is wealth?
In economics, wealth is commonly measured in terms of net worth, and it’s defined as the value of assets minus liabilities. For someone in the middle class, that could encompass the value of their 401(k) or other retirement accounts, bank savings and personal assets such as jewelry or cars, minus what they owe on a home mortgage, credit cards and a car note.
It does not include income -- what people earn in wages. For that reason, someone who earns a good salary but has little savings and owes a lot of money on their house would have a negative net worth.
In fact, because so many Americans invest in real estate to buy a home, middle-class wealth has been one of the biggest casualties of the housing-driven recession.
From 2007 to 2010, typical families lost 39 percent of their wealth, according to the Federal Reserve’s Survey of Consumer Finances, done every three years. In 2007, the median family net worth was $126,400. In 2010, it was $77,300, according to the survey.
Where the Waltons fit in
Six members of the Walton family appear on the Forbes 400 list of the wealthiest Americans. Christy Walton, widow of the late John Walton, leads the clan at No. 6 with a net worth of $25.3 billion as of March 2012. She is also the richest woman in the world for the seventh year in a row, according to Forbes. Here are the other five:
No. 9: Jim Walton, $23.7 billion
No. 10: Alice Walton, $23.3 billion
No. 11: S. Robson Walton, oldest son of Sam Walton, $23.1 billion
No. 103: Ann Walton Kroenke, $3.9 billion
No. 139: Nancy Walton Laurie, $3.4 billion
Pointing out facts isn't an attack. LOL. Yeah, which is why there workers rely on the government to survive.I don't see how anyone can justify this.
Bernie Sanders says Walmart heirs own more wealth than bottom 40 percent of Americans
Vermont Sen. Bernie Sanders, an independent who caucuses with Democrats, tweeted a startling statistic to his followers on July 22, 2012: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."
Sanders speaks and writes frequently about wealth distribution in the U.S., a hot-button issue among liberals and a rallying cry of the Occupy Wall Street Movement.
The Waltons, of course, are members of the proverbial 1 percent. But are they really sitting on that much wealth? We decided to check it out.
First, what is wealth?
In economics, wealth is commonly measured in terms of net worth, and it’s defined as the value of assets minus liabilities. For someone in the middle class, that could encompass the value of their 401(k) or other retirement accounts, bank savings and personal assets such as jewelry or cars, minus what they owe on a home mortgage, credit cards and a car note.
It does not include income -- what people earn in wages. For that reason, someone who earns a good salary but has little savings and owes a lot of money on their house would have a negative net worth.
In fact, because so many Americans invest in real estate to buy a home, middle-class wealth has been one of the biggest casualties of the housing-driven recession.
From 2007 to 2010, typical families lost 39 percent of their wealth, according to the Federal Reserve’s Survey of Consumer Finances, done every three years. In 2007, the median family net worth was $126,400. In 2010, it was $77,300, according to the survey.
Where the Waltons fit in
Six members of the Walton family appear on the Forbes 400 list of the wealthiest Americans. Christy Walton, widow of the late John Walton, leads the clan at No. 6 with a net worth of $25.3 billion as of March 2012. She is also the richest woman in the world for the seventh year in a row, according to Forbes. Here are the other five:
No. 9: Jim Walton, $23.7 billion
No. 10: Alice Walton, $23.3 billion
No. 11: S. Robson Walton, oldest son of Sam Walton, $23.1 billion
No. 103: Ann Walton Kroenke, $3.9 billion
No. 139: Nancy Walton Laurie, $3.4 billion
I agree. How does anyone justify a political candidate attacking private citizens because they have successfully helped millions of people by providing goods and services while he lives off the tax payers and provides nothing of value to our society?
MILLIONS of poor people find products from Walmart that they need and that make their everyday lives easier;
but you douchebag elitists on the Left want them to suffer so you can cry crocodile tears on behalf of the poor
idiots and hypocrites
LOL. Walmart relies on cheap labor and their employees rely on the government, it's a sad reflection on America when Walmart destroys small businesses and you fools worship them.MILLIONS of poor people find products from Walmart that they need and that make their everyday lives easier;
but you douchebag elitists on the Left want them to suffer so you can cry crocodile tears on behalf of the poor
idiots and hypocrites
