Wrong Waltons
This is so fucked up, I actually swooned when I read it.
THIS is exactly what Karl Marx warned us would happen…
From Working Economics:
Concretely, between 2007 and 2010, while median family wealth fell by 38.8 percent, the wealth of the Walton family members rose from $73.3 billion to $89.5 billion…In 2007, it was reported that the Walton family wealth was as large as the bottom 35 million families in the wealth distribution combined, or 30.5 percent of all American families.
And in 2010, as the Walton’s wealth has risen and most other Americans’ wealth declined, it is now the case that the Walton family wealth is as large as the bottom 48.8 million families in the wealth distribution (constituting 41.5 percent of all American families) combined.
Let’s deregulate the economy! YEAH! Let’s cut the estate tax EVEN MORE so THESE FUCKING PARASITES can, you know, buy more politicians to protect their wealth for generations of worthless heirs to come!
These are the folks who are going to benefit more than practically ANYONE IN AMERICA if Mitt Romney gets elected.
Romney’s own immediate family and their heirs and their heirs and beyond—not to mention his election-buying buddies the Koch brothers and Sheldon Adelson—would also be on that same list, natch.
Yes, let’s elect HIM and let the FREE MARKET TAKE OVER!
HOORAY FOR AMERICA!
HOORAY FOR CAPITALISM!
HOORAY FOR DEMOCRACY!
If this information doesn’t make you sick to your stomach, you’re an idiot.
This IS a fucking IQ test!
The 50th anniversary of the opening of the first Wal-Mart was two weeks ago. If more wealth than the bottom 40% of the country has, combined, equals what these fucks have got, it stands to reason, does it not, that if this ONE FAMILY has more wealth than that of 48.8 MILLION American families combined, that they got it by placing a TAX—hidden in the price—on absolutely every single item sold in a Wal-Mart. It’s one of the largest, most pervasive cons ever perpetrated, all legal of course.
What have the Walton heirs done to deserve this bounty other than being BORN to the right family? Nothing? Talk about winning the lottery, eh?
AND IT TOOK LESS THAN 50 YEARS TO ACHIEVE THIS TRANSFER OF WEALTH. Don’t call it wealth creation. Being born worth the same as TWO FIFTHS of your fellow Americans COMBINED isn’t wealth creation!
It’s an absurdity. If the Walton heirs collectively possesed more wealth than just 48 American families combined it would still be fucked up!
Think about it: Every item for sale at the largest retailer in the world basically has a TARIFF factored into the price which is paid to the stockholders of Wal-Mart, which is chiefly owned by the members of the Walton family. It’s not like you have to slog through 1000+ pages of Das Kapital to understand how this works. It’s not a complex equation.
If you’re okay with this and you want to continue to give your own hard-earned money to the queen bees of the Walton family, please continue to do so, mentally deficient fool. It’s your dignity!
However, if you think this is totally insane, and if you do not wish to slip a few bucks out of your grocery bill each week to the WEALTHY PARASITES pictured below, then all you have to do in protest is not spend your money in a Wal-Mart ever again.
As in NEVER.
Read more:
Inequality, exhibit A: Walmart and the wealth of American families
Half Of American Households Hold 1 Percent Of Wealth
Via Think Progress