Thursday, September 5, 2013

HOW THE WALTON FAMILY GOT RICH

ON TAX PAYERS DIME
Johann Wagener 9-5-13

HOW? NOT TRUE! IT WAS THROUGH HARD WORK AND DETERMINATION. IT'S THE AMERICAN DREAM COME TRUE!

ALL OF THAT BLABBER IS PURE HORSE-SH-T!


The Walton Family is by far the richest family in the world (the dispersed fortunes of the Rockefellers and others being unknown to the public), their wealth inherited from Bud and Sam Walton, founders of the world’s biggest retailer,Wal-Mart.The Waltons have a combined wealth of US$93 billion according to Forbes 2011 billionaires list.

The company has more than 8,970 (2010) stores, is also the world’s largest private employer with 2,100,000 employees, and is the world’s largest company based on revenue with more than $421.849 billion (2010) in annual sales.


So, as SGT. Friday would say; "Just the facts, please."
First off, today's Waltons didn't work one day to acquire the Walton fortune; they "inherited" it.
 But, most important is how they made the fortune to begin with. Take the workers, for example (there's over 2 million of them, last count) who's take home pay is so low they have to apply for food stamps and welfare just to get by.  To put it another way. While the Walton's rake in all that cash and hoard it for themselves the US Government (ie: taxpayers) subsidizes their employees. It's the tax payers that pay up to supplement Walmart workers because of their slave labor wages.

Yet, there are those who believe (as simple-minded as it sounds) that this is American Capitalism at work. The same ones who also say that they oppose welfare and government healthcare but dare not mess with their Medicare or stop supporting Walmart employees with tax dollars.

Walmart Workers To Protest In 15 Different Cities, Biggest Action Since Black Friday

Protesters are responding to Walmart’s crackdown on labor activism. The company routinely disciplines and even fires workers who push for better work conditions, higher wages, or more consistent hours. Such retaliatory firings are illegal under the National Labor Relations Act, and National Labor Relations Board (NLRB) investigations of over 100 complaints against Walmart for violations of that law have thus far produced 11 confirmed violations of the labor statute, according to Walmart organizers. Walmart openly threatens that vacation time and other benefits “might go away” when its workers inquire about union rights.

Walmart workers have good reason to seek those rights. Managers routinelydeny bathroom breaks and other basic worker accommodations, according toreports from workers. One pregnant employee named Svetlana Arizanovskaeventually miscarried after her boss refused to let her perform less physically strenuous duties.

Meanwhile, Walmart’s wages are too low to live on for most employees, even though competing retailers offer livable wages and benefits. Economists say improving worker treatment would actually improve the company’s bottom line.