General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Walton family (Walmart owners) is richer than the bottom 42% of Americans combined
http://www.politifact.com/wisconsin/statements/2013/dec/08/one-wisconsin-now/just-how-wealthy-wal-mart-walton-family/stevenleser
(32,886 posts)ladjf
(17,320 posts)JaneyVee
(19,877 posts)Vox Moi
(546 posts)The amazing thing about in the trickle-down myth is that the only people who believe it are those who are at the bottom
and get nothing.
Rich people don't create jobs
. they define, control and dispense jobs.
The demand for goods and services is always there. The need for washing machines and education and roads and health care
By concentrating the wealth in the hands of a few it changes the nature of the goods and services being demanded: service people, yachts, extravagant homes.
To concentrate wealth to a few is also to concentrate the economy in service of the wealthy.
CKS
(2 posts)Congrats to them for making a business that we complain about yet support every day
catbyte
(39,303 posts)LongTomH
(8,636 posts)Coyotl
(15,262 posts)EOTE
(13,409 posts)Congrats to Walmart for what, exactly? Making many billions of dollars by selling cheap crap and exploiting workers? Really? Congrats?
Incitatus
(5,317 posts)They inherited it and most of us here do not support them.
JCMach1
(29,242 posts)minimum wage and union bashing pays well
mathematic
(1,618 posts)That's the estimate for households with 0 or less net worth. (Technically, everybody is richer than the bottom 25% combined, even somebody in the bottom 25%).
The point here is that the 42% has less to do with the Walton's wealth than it does with the bottom 25%'s lack of wealth.
Coyotl
(15,262 posts)LiberalEsto
(22,845 posts)reformist2
(9,841 posts)In the future, our ancestors will look back at the age of billionaires the same exact way.
Smarmie Doofus
(14,498 posts)You won't hear any objections from the Obama administration. They LIIIIIIIIKE.
http://walmart1percent.org/issues/education/
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