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View Diary: The truth about Walmart wages (110 comments)

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  •  What disturbs me most about this issue... (10+ / 0-)

    is that the four Walton heirs have combined net worth [according to the Forbes 400] of $107.1 billion.  That's more than 1/10 of a TRILLION dollars.  The money is there to pay good middle-class wages to their personnel, but they've chosen to line their own pockets instead.  How much is enough?

    I can only conclude that Christy, Jim, Alice and Rob Walton are unmitigated scumbags.

    Dogs are people, but corporations aren't.

    by Greasy Grant on Wed Nov 21, 2012 at 01:02:44 PM PST

    •  I suppose they expect gratitude (0+ / 0-)

      for their support of the Walton Family Foundation, which according to their website spent $251.9 million in 2011, in support of expanding "public charter schools," freshwater and marine conservation, and "home region" activities, which are primarily focused on funding more "independent and open-enrollment public charter schools".

      If Greasy Grant's numbers are accurate, then $251.9 million out of a net worth of $107.1 billion amounts to a whopping 0.235% of their net worth. And they're hauling in millions upon millions in dividends every year.

      By contrast, consider the Bill & Melinda Gates Foundation. In 2011, they had a net worth of only $34.65 billion, yet they managed to distribute grants of $3.2 billion, or 9.2% of its net worth. If the Walton Family Foundation were as generous, they would have distributed $9.89 billion that year. But they didn't. Their generosity was 2.5% of the Gates Foundation, or perhaps 39.265 times more self-centered.

      Somebody correct me if I miscalculated.

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