Bernie: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."

[Little-Acorn]

Bernie: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."


If those Waltons hadn't done what they did, would the people who have been in the Wal-Mart company have more money? Or less?

And would the people buying from Wal-Mart for the last 30 years have more? Or less?


(The leftist fanatics seem to be avoiding these questions like vampires avoid sunlight. Not hard to figure out why.)

 

[bedowin62]

Bernie: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."


If those Waltons hadn't done what they did, would the people who have been in the Wal-Mart company have more money? Or less?

And would the people buying from Wal-Mart for the last 30 years have more? Or less?


(The leftist fanatics seem to be avoiding these questions like vampires avoid sunlight. Not hard to figure out why.)

the Left wants to continue pandering to stay in power; no matter how much actual reality sows they've failed the very people at the bottom and middle they claim to be the ones who care the most for.

 

[Moonglow]

Wal Mart is not always the cheapest, nor the best to buy from....

doesnt matter leftard; the stuff you get from the other stores is still made in china like the Walmart stuff is.

Not all of it is, that is your fallacy of knowledge...

 

[Moonglow]

Bernie: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."


If those Waltons hadn't done what they did, would the people who have been in the Wal-Mart company have more money? Or less?

And would the people buying from Wal-Mart for the last 30 years have more? Or less?


(The leftist fanatics seem to be avoiding these questions like vampires avoid sunlight. Not hard to figure out why.)

You made more retirement monies when Sam was alive with profit sharing and stocks, now you don't....

 

[Avatar4321]

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?

Pointing out facts isn't an attack. LOL. Yeah, which is why there workers rely on the government to survive.

So he isn't attacking the boogie man of the rich and powerful of WalMart?

Could have fooled me.

 

[LogikAndReazon]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

 

[TooTall]

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

What do you propose doing to the Walton family?

 

[Redfish]

Bernie: "Today the Walton family of Walmart own more wealth than the bottom 40 percent of America."


Oddest part is, he says that like it's a bad thing.

It is a bad thing. But it not bad the Waltons have a gazillion dollars. What's bad is that the bottom 40 percent don't.

Our capitalist system is definitely broken.

Is it? how do you explain Ben Carson? Came out of the slums of Detroit, raised by a single mom in poverty, became one of the best brain surgeons in the world and is running for president. In what other country could that happen?

 

[Redfish]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

lets make it $100/hour, then the economy would really boom, right?

 

[Brain357]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

That would do a lot to eliminate government dependence.

 

[CrusaderFrank]

The bottom 40% are the ones who come out of our glorious our educational system unable to read or write

 

[CrusaderFrank]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

That would do a lot to eliminate government dependence.

Hilton Hotels too?

 

[Redfish]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

That would do a lot to eliminate government dependence.

and what would that do to walmart prices? any idea? and when the prices go up what happens to sales? they go down, when sales go down employees get laid off and stores close.

Sorry dude, but econ 101 defeats you lefties every time.

 

[Redfish]

this entire thread is just more liberal stupidity.

if you can't make ends meet on what walmart pays, don't work for them or find a second job.

Damn, libs, take responsibility for your own lives. The govt does not owe you a living, an Iphone, or a place to sleep.

 

[Brain357]

If only walmart paid their clerks 25$ an hour with full benefits.

Labour communists unite !!!

That would do a lot to eliminate government dependence.

and what would that do to walmart prices? any idea? and when the prices go up what happens to sales? they go down, when sales go down employees get laid off and stores close.

Sorry dude, but econ 101 defeats you lefties every time.

Well then don't expect small government. If companies don't take care of workers the government will. A simple fact.

 

[CowboyTed]

Soaking the Poor, State by State | Mother Jones
www.motherjones.com/kevin.../02/soaking-poor-state-state

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Feb 3, 2012 - Many poor and elderly Americans pay no federal income tax, but they pay ... with the poor and middle classes paying higher rates than the rich. ... Those include state income taxes, property taxes, sales taxes, and fees of various kinds. ... In the worst states, the poorest 20 percent pay five to six times the rate ...

Bedowin,

goes off on one and hasn't even checked out who he is on his team...

The Walton Family are the lowest charity givers among billionaires and use that money to carry favours for new stores...

They are the biggest users of Chinese labour in US... Want to know who lobbied to close down American plants, it was them...

They are biggest receiver in Corporate welfare in America as they pay there employees under the living wage, thus forcing the government to give there employees food stamps...

But you keep going there, top class idiot...

Must have been right, got no answers... Usual ignore crap when you win..

 

[Brain357]

this entire thread is just more liberal stupidity.

if you can't make ends meet on what walmart pays, don't work for them or find a second job.

Damn, libs, take responsibility for your own lives. The govt does not owe you a living, an Iphone, or a place to sleep.

Or collect from the government. Cause if employers won't take care of them the government will.

 

[Redfish]

this entire thread is just more liberal stupidity.

if you can't make ends meet on what walmart pays, don't work for them or find a second job.

Damn, libs, take responsibility for your own lives. The govt does not owe you a living, an Iphone, or a place to sleep.

Or collect from the government. Cause if employers won't take care of them the government will.

total socialist bunk. Our government does not exist to "take care" of us. Our government's primary role is national defense, not social engineering and welfare.

you libs don't understand what real freedom means. You want be a sheep and depend on momma govt to give you the tit every time you whine. you make me sick.

 

[Brain357]

this entire thread is just more liberal stupidity.

if you can't make ends meet on what walmart pays, don't work for them or find a second job.

Damn, libs, take responsibility for your own lives. The govt does not owe you a living, an Iphone, or a place to sleep.

Or collect from the government. Cause if employers won't take care of them the government will.

total socialist bunk. Our government does not exist to "take care" of us. Our government's primary role is national defense, not social engineering and welfare.

you libs don't understand what real freedom means. You want be a sheep and depend on momma govt to give you the tit every time you whine. you make me sick.

As long as poor people have a vote it is reality. I live in the real world.

 

[Where_r_my_Keys]

More stupid bullshit from the right.

I SO adore the sweeter Ironies...