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• ##### Thanks(1+ / 0-)
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VClib

Thanks for double checkiing my math.  I've made a couple of changes to the diary as I realized I had mixed an order of magnatude in the years as well.

I was not sure exactly where the \$420,000 came from and could not find it again, so I mentioned I could not verify that from other sources.  Do you know what group came up with the figure?

Truth is generally the best vindication against slander - Abraham Lincoln; 1864

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• ##### No I don't but it's been floating around the site(1+ / 0-)
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billmosby

I just never took the time to try and research the methodology because I didn't believe it.

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• ##### One hint of data came from Alan Grayson..(0+ / 0-)

In an interview last week (CNN?) he said that most of the 2 million employees of Walmart make about \$1200 a month, gross, and that they are eligible for food stamps.

I did a quick mental calculation and although I don't remember the details came up with the estimate that they could be using about 4% of the food stamp program. In 2011, that would be 4 percent of about 77 billion, or \$280 million, assuming most employees took advantage of it. So using my previous "methodology" from above, that would work out to about 1/2 times 48 years (food stamp act started in 1964) x 280 million, or 6.7 billion total over that time.

That's a far cry from half the Walton fortune, but it is just the one program.

However, all this estimate rests on is conjecture, really.

I suppose that if I looked long enough I could find a real analysis out there. I tend to avoid Walmart already as much as possible though for a variety of reasons.

Moderation in most things.

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• ##### I remember now where the 4% came from,(1+ / 0-)
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VClib

in 2011 about 46 million people were receiving food stamp assistant, so 2/46 = about 4 percent.

If you assume some number of dependents per Walmart employee, that would increase the percentage.

Too much guesswork already, though; not going to extend such even further.

Moderation in most things.

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