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

[hortysir]

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

Of course you can't understand how to justify it.

It wasn't given to them
They worked for it and built it on their own

That's completely foreign to your mindset

 

[SAYIT]

The Walton family built that, try it instead of demanding from people that don't owe you a damn thing

Yes, inheriting is obviously building something.. I also take it you will ignore the fact that none of it would exist without underpaid employees.

They inherited and instead of pissing it all away in Vegas built the company and made it a huge success....
Again what's the problem...

The prob, it seems, is that they've provided affordable prices, jobs for millions and excellent stock dividends and gains for millions more.
Those evil capitalists!
EAT THE RICH!

 

[Zoom-boing]

Of course you can't understand how to justify it.

It wasn't given to them
They worked for it and built it on their own

That's completely foreign to your mindset

Even if they did inherit ... so what? It takes nothing away from someone else. It is the family's money to do with as they wish.

Whiny op is whiny.

 

[David_42]

Funny how I never whined, only pointed out a fact.

 

[Zoom-boing]

Funny how I never whined, only pointed out a fact.

By mentioning several times that they inherited.

 

[SAYIT]

The Walton family built that, try it instead of demanding from people that don't owe you a damn thing

Yes, inheriting is obviously building something.. I also take it you will ignore the fact that none of it would exist without underpaid employees.

A Walton started it you uninformed jackass. Walmart owes you NOTHING, NADA, ZILCH...if you don't like Walmart then don't shop at Walmart, they won't miss your money. It's just that simple

Like most loony lefties, he's addicted to the whine.

 

[hortysir]

Funny how I never whined, only pointed out a fact.

Yes, dumbass, it is WHINING when you ask for "justification" of earned wealth

 

[norwegen]

Funny how I never whined, only pointed out a fact.

Did you read your first five posts?

 

[David_42]

Funny how I never whined, only pointed out a fact.

Did you read your first five posts?

Yes, and I talked about facts, I disagree with the way walmart conducts itself, sue me.

 

[Vigilante]

 

[David_42]

Funny how I never whined, only pointed out a fact.

Yes, dumbass, it is WHINING when you ask for "justification" of earned wealth

"
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]
"

 

[SassyIrishLass]

^^^THAT

 

[Brain357]

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

No wonder our economy is so slow and wages stagnant.

 

[hortysir]

Funny how I never whined, only pointed out a fact.

Did you read your first five posts?

Yes, and I talked about facts, I disagree with the way walmart conducts itself, sue me.

I hate the China-made-product peddlers, myself.
But that's what works for them.
I try my damnedest not to shop there, unless my wife drags me, kicking and screaming.

They are, however, good neighbors and citizens of the cities they set up in

 

[LogikAndReazon]

Pity the walmart " victimized" class.

Poor little darlings

 

[Brain357]

Funny how I never whined, only pointed out a fact.

Yes, dumbass, it is WHINING when you ask for "justification" of earned wealth

"
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]
"

And none of them even work. Wow

 

[Slyhunter]

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

Solution forbid poor people from having kids. Rich people can have all the kids they want. Eventually their wealth will trickle down to their offspring.

 

[David_42]

Funny how I never whined, only pointed out a fact.

Did you read your first five posts?

Yes, and I talked about facts, I disagree with the way walmart conducts itself, sue me.

I hate the China-made-product peddlers, myself.
But that's what works for them.
I try my damnedest not to shop there, unless my wife drags me, kicking and screaming.

They are, however, good neighbors and citizens of the cities they set up in

Yeah, Walmart is EXTREMELY friendly to small business.. LOL.

 

[Vigilante]

 

[David_42]

It's hilarious that you right wing nuts can do nothing but spread false internet memes.