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

[Rotagilla]

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

It's called capitalism and private property.
What is your alternative? Oh yeah, everyone equally poor and miserable.

the funniest part is that young david_42 is a college kid who works in the "fast food" industry...He pays NO TAXES..gets a refund every year, his mommy is paying his way through college...and he's talking about receiving things one didn't "earn"....the irony is thick...

 

[ninja007]

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

The right clams to want small government, then turn a blind eye to the rich that are creating more and more government dependence.

Yep. Conservatives are strange, they never want to raise wages, and they also want to get rid of a safety net.

find a higher paying job libs.

 

[ninja007]

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

It's called capitalism and private property.
What is your alternative? Oh yeah, everyone equally poor and miserable.

the funniest part is that young david_42 is a college kid who works in the "fast food" industry...He pays NO TAXES..gets a refund every year, his mommy is paying his way through college...and he's talking about receiving things one didn't "earn"....the irony is thick...

the 42 is his IQ... Most libs IQ's are worse, so he's in the upper third of libtards.

 

[Rotagilla]

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

It's called capitalism and private property.
What is your alternative? Oh yeah, everyone equally poor and miserable.

the funniest part is that young david_42 is a college kid who works in the "fast food" industry...He pays NO TAXES..gets a refund every year, his mommy is paying his way through college...and he's talking about receiving things one didn't "earn"....the irony is thick...

the 42 is his IQ... Most libs IQ's are worse, so he's in the upper third of libtards.

a couple more years of leftist indoctrination in "college" and that 42 will drop to about 35..

 

[SwimExpert]

I don't see how anyone can justify this.

Then don't shop at Walmart. Otherwise, you DO justify it, with every penny you spend.

 

[David_42]

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

It's called capitalism and private property.
What is your alternative? Oh yeah, everyone equally poor and miserable.

the funniest part is that young david_42 is a college kid who works in the "fast food" industry...He pays NO TAXES..gets a refund every year, his mommy is paying his way through college...and he's talking about receiving things one didn't "earn"....the irony is thick...

The fuck are you talking about?

 

[Brain357]

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

"A democracy will continue to exist up until the time that voters discover that they can vote themselves largess from the public treasury." - Alexander Tyler, 1787

....and the liberals (in both parties) are doing their best to hasten the day when people regularly do this.

Aren't the red states the biggest collectors of welfare?

 

[paulitician]

Ha, i stopped shopping at Walmart a long time ago. It truly is a miserable shopping experience. By far the worst shopping experience in all of Retail. I especially feel for the poor workers. Get paid like shit and have to put up with an endless stream of hateful asshole customers.

I stopped shopping there and haven't looked back. I actually kinda enjoy shopping now. Besides being possibly the worst of the Evil Corporations, it's just a miserable place in general. This is what Walmart is all about. Enjoy your shopping...

 

[Mertex]

then you must also accept the fact that corp taxes do also.

Except that corporations have so many loopholes they can use that most of them don't pay a penny.......the poor don't have that privilege. I don't understand why conservatives always make excuses for corporations but don't mind throwing the poor under the bus. It's no wonder the Republican party is nicknamed "The Party of The Rich".....they should add "And Heartless" at the end, too.

Fact Sheet: Offshore Corporate Loopholes | Americans for Tax Fairness

 

[paulitician]

More fun times at Walmart. Walmart douche shoppers with guns. Possibly the most disturbing thought ever.

 

[Brain357]

More fun times at Walmart. Walmart douche shoppers with guns. Possibly the most disturbing thought ever.

They make the world a better place. We should all be thanking them for collecting corporate welfare. Those rich Waltons are doing it out of kindness.

 

[paulitician]

How y'all doin? Welcome to Walmart...

 

[paulitician]

More fun times at Walmart. Walmart douche shoppers with guns. Possibly the most disturbing thought ever.

They make the world a better place. We should all be thanking them for collecting corporate welfare. Those rich Waltons are doing it out of kindness.

Walmart shoppers should the first ones the Government takes the guns away from. If you shop at Walmart, hand your guns over. Yikes!

 

[paulitician]

Walmart customers are very polite and courteous. And real smart too. My God, ya gotta feel for Walmart Workers. This is what they deal with all day.

 

[paulitician]

Oh man, hide the women and children when shopping at Walmart...

 

[paulitician]

Ok, one more and i'm out.

Thank you for shopping at Walmart. Have a nice day.

 

[Little-Acorn]

"A democracy will continue to exist up until the time that voters discover that they can vote themselves largess from the public treasury." - Alexander Tyler, 1787
....and the liberals (in both parties) are doing their best to hasten the day when people regularly do this.

Aren't the red states the biggest collectors of welfare?

No, they are the biggest hosts of military bases, diplomatic facilities, and other necessary Federal functions, which the Fed govt pours tons of money into.

IOW, they are the states that sacrifice the most to do what government is meant to do. The blue states are the ones soaking up the most welfare and other unconstitutional programs.

Thanks for asking. It's nice to have yet another opportunity to debunk this phony liberal talking point, probably the 30th time it's been done in this forum this month.

 

[Mertex]

IOW, they are the states that sacrifice the most to do what government is meant to do. The blue states are the ones soaking up the most welfare and other unconstitutional programs.

That is too funny, but I bet you really believe it.

Blue State, Red Face: Guess Who Benefits More From Your Taxes?

 

[Arianrhod]

And the result is:

Not to mention Walmart's recent $14.5 billion crash.

Oh, look, here's another one!

 

[paulitician]

Well, it's no secret Walmart is into the Slave Labor thing. Its Employees are miserable for the most part. You treat a worker shitty, you get a shitty worker. Last time i was in one, the poor workers truly looked miserable and didn't want anything to do with the customers. The service at Walmart is well-known to be the absolute worst in Retail. You do get what you pay for. I stopped shopping there.