Tuesday, November 20, 2012

The real Welfare Queen

Walmart: America's real 'Welfare Queen', Paddy Ryan, Daily Kos, October 2012
" As many as 80 percent of workers in [U.S.] Wal-Mart stores use food stamps."
Inequality, exhibit A: Walmart and the wealth of American families, Josh Bivens, The Economic Policy Institute, July 2012
"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..."

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3 comments:

  1. truly the americans need a new tax system. it is just another good reason working people need unions. It is a good reason to not shop at walmart. Walmart, costs the taxpayers of the U.S.A. a lot of money, if 80% of their employees need to be on food stamps. People need to give their heads a shake. walmart is not a good corporate citizen.

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  2. Corporate Socialism at it`s finest. There`s even people out there convinced to even vote for it, as we do in Canada. What a crazy planet.

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  3. I read that the average Walmart employee earns less than $10,000 a year while the Walmart CEO earned $35,000,000 in a year. I remember when the typical ratio between top to bottom was 20 to 1. This is 3,500 to 1.

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