Thursday, August 18, 2016

Raise taxes vs $25,000 per minute from their Walmart dividends alone

Well if you don't want to see the pay go up the people up the ladder will take it
if you don't want it. Like it hurts to have many consumers with money rather
than most poor! Added to the low taxes BS like the mass of people that can't
buy their own food and counts on tax dollars to help them get food, pay the rent etc.
Low taxes = less help for the poor! Noted the poor takes in more tax dollars
than they pay out in taxes. Well, make nothing = have nothing to be taxed!

The wages does need to go up there is no choice to because of stores closing
or moving. It makes more money for the stores than just staying home or
walking without a car.

But you know the rich is not hurting so raising taxes is not a bad thing
with the needed funding instead of impoverishing the consumers! 
Just look at the Walmart family in the money the workers
made for them vs what a worker can buy with their pay!
Well you need to be real about things!

~~~~~The Walton Family: America’s New Robber Barons

Walmart’s ruling family, the Waltons, has more wealth than 42% of American families combined.

The Walton family is the richest family in the United States, with more wealth than
Bill Gates and Warren Buffett combined. The Waltons’ wealth comes from their inherited,
controlling stake in Walmart. While Walmart workers live in poverty, the
Waltons rake in billions every year from the company.

And the Waltons just keep getting richer.

Since 2007, while millions of Americans were having their homes confiscated and
jobs eliminated, the fortune of the six Waltons on the Forbes 400 list has  
more than doubled to an astounding $148.8 billion.
The Waltons have these riches thanks to the hard work of their own employees
and all of us taxpayers. Based on recent estimates, taxpayers subsidize
Walmart as much as $3 billion per year.

Instead of paying workers enough to survive, the Waltons take billions from Walmart
every year, while driving their workers on to food stamps and other public assistance.

Unlike their employees, the Waltons reap billions from Walmart every year.

Three Waltons—Rob, Jim, and Alice (all children of Walmart founder Sam Walton)
own over 50% of outstanding Walmart shares. This fiscal year, Rob, Jim, and
Alice (and the various entities that they control) will receive an estimated $3.16 billion
in Walmart dividends on those shares. If Sam Walton’s dependents actually worked for
their Walmart dividend checks this year, they would be handed $1.5 million every hour.
Meanwhile, Walmart workers get an average of $8.81 per hour and are routinely
denied full-time work.

Amid concerns about the fiscal cliff in December 2012, Walmart moved up the final
dividend payout of its fiscal year from January 2013 to December 2012 to avoid a
possible increase in the tax rate on dividends. As the company’s largest and wealthiest
shareholders, the Waltons were the biggest beneficiaries of the move.

Most Walmart workers can only dream of making $25,000 in a year. Meanwhile,
the Waltons get $25,000 per minute from their Walmart dividends alone.

The Waltons can certainly afford to do better by their workers and the American taxpayers who subsidize their profit-at-any-cost model, but they continue to choose not to.

The Waltons, using their their investment income alone, could fund a permanent
$10,000 wage increase for the 1 million hourly store associates whose work generates
Walmart’s profits. http://walmart1percent.org/how-rich-are-the-waltons

No comments: