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the walmart heirs have the same net worth as the bottom 30% of americans

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:13 PM
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the walmart heirs have the same net worth as the bottom 30% of americans
http://www.nationofchange.org/walmart-heirs-have-same-n...

Income inequality in the U.S. is currently the highest its been since the 1920s, with the 400 richest Americans (who are all billionaires) having as much wealth as the bottom 50 percent of Americans combined. And as it turns out, just one wealthy family has managed to amass a fortune equal to that of the combined net worth of the bottom 30 percent of Americans the Waltons, heirs to the Walmart fortune, as Sylvia Allegretto, a labor economist at the Center on Wage and Employment Dynamics, found:

'The triennial Survey of Consumer Finances (SCF) is one of the best sources for data on wealth in the U.S. And, of course the Forbes 400 estimates the worth of the wealthiest amongst usall 400 wouldnt be captured in the SCF. If we look at both the SCF and the Forbes 400 we can glean some interesting insights.

In 2007 (the most recent SCF) the cumulative wealth of the Forbes 400 was $1.54 trillion or roughly the same amount of wealth held by the entire bottom fifty percent of American families. This is a stunning statistic to be sure.'


*** more at link
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Tuesday Afternoon Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:14 PM
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1. recommend
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mike_c Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:19 PM
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2. there is a tried and true solution to this problem....

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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:30 PM
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5. Here's another...

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teddy51 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:22 PM
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3. This site tells much as well. The Kock's are worth 25 billion each.
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tblue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 12:25 PM
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4. And look how they treat their employees and suppliers.
They are disgusting.
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Jefferson23 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 01:13 PM
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6. K&R
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autorank Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Dec-09-11 03:41 PM
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7. Confiscation n/t
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classysassy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-11 07:56 PM
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8.  They earned their money the old fashion way
They stole it.(from their employees and customers).
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