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(Yahoo) Interesting Six Walton family members have more wealth than the bottom 30% of Americans. OCCUPY MARY ELLEN   (news.yahoo.com) divider line 287
More: Interesting, Americans, Felix Salmon, Jeffrey Goldberg, John D. Rockefeller, student debt, ellen, net assets  
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12493 clicks; posted to Main » on 15 Dec 2011 at 12:44 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2011-12-14 09:05:52 PM
For once, the Fark headline isn't nearly as trolltastic as the actual article, which DEFENDS the Waltons.

Fark you, Forbes.
 
2011-12-14 10:14:37 PM
Was Mary Ellen the hot one?
 
2011-12-14 10:38:26 PM
Bagelox-99: Was Mary Ellen the hot one?

She was the oldest one, and the one who did a Playboy spread.

/well worth occupying.
 
2011-12-14 10:39:06 PM
And two of them are Mizzou alums, so I'm not making any snarky comments in this thread.
 
2011-12-14 10:55:13 PM
Mentat: And two of them are Mizzou alums, so I'm not making any snarky comments in this thread.

Thus proving anyone can graduate from Mizzou.

/oops, that was mean
 
2011-12-14 11:05:27 PM
to be fair, i probably have more wealth than the bottom 10% or so of americans who, i'm assuming have large negative net wealth.
 
2011-12-14 11:37:57 PM
Well, if the bottom 30% stopped giving them all their money, it would fix itself, wouldn't it?
 
2011-12-14 11:52:47 PM
Then let the bottom 30% start their own chain of superstores
 
2011-12-14 11:55:35 PM
So? I bet at least half of Americans have more wealth than the bottom 30% do.
 
2011-12-14 11:56:37 PM
ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.
 
2011-12-15 12:46:38 AM
GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.


Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.
 
2011-12-15 12:47:19 AM
So I guess that means they are better off than 90% of the rest of the world.
 
2011-12-15 12:47:40 AM
cretinbob: Well, if the bottom 30% stopped giving them all their money, it would fix itself, wouldn't it?

popped by to say just that
 
2011-12-15 12:49:42 AM
GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.


GAT_00 : Super solider of class warfare
 
2011-12-15 12:51:14 AM
mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare


Solider.
 
2011-12-15 12:51:37 AM
ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.


In the '50s and '60s.

A principal complaint of Occupy protesters is that, statistically speaking, economic mobility of this sort has crashed to negligible levels, and that this has happened because government policy has largely been primarily to protect those who are already wealthy. "It can be done" has gone from meaning "hard work and inspiration guarantees success" to meaning "there are still some people for whom hard work and inspiration might mean success."
 
2011-12-15 12:52:27 AM
ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.


And lots of Chinese vendors
 
2011-12-15 12:52:42 AM
Wow, I've not been in a lot of fark comments for the last year or so, come back and see it's been overtaken by a bunch of right-wingers.

It was a lot of hard work those Waltons put in to build the Walmart chains. That their dad built.
 
2011-12-15 12:52:47 AM
I have completely no problem with taking away all but 10% of these people's income and giving it to people that didn't do a goddamn thing to deserve it.

I wish I lived in a socialist paradise like Denmark where the rich get taxed at like 60%+.

There's just no need for wealth accumulation on this level. Buffet and Gates have the right idea, give 90% of it away (I think that is what they are doing at least).
 
2011-12-15 12:53:59 AM
XplodedSynapses: mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare

Solider.


Damn!
/hate posting on a phone
// in my defense im drunk in a bar
 
2011-12-15 12:54:27 AM
ArkAngel: Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

It only works once.
Then the largest employer in the world will crush you before you start.
 
2011-12-15 12:55:43 AM
ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.


No superstore that lives off of the cheapest goods possible and has bulk purchases that make it more efficient than any start-up can possibly be existed then.
 
2011-12-15 12:57:22 AM
So what?!?

Those Walton heirs won the birth lottery fair and square...

The bottom 30% shoulda picked better ancestors.
 
2011-12-15 12:57:24 AM
Walmart needs to DIAF so instead of 1 superstore employing 400 people in a community, we can have 20 mom and pop stores employing 5 people each. Oh and lets not forget paying more for everything.
 
2011-12-15 12:58:44 AM
Fett56: I have completely no problem with taking away all but 10% of these people's income and giving it to people that didn't do a goddamn thing to deserve it.

I wish I lived in a socialist paradise like Denmark where the rich get taxed at like 60%+.

There's just no need for wealth accumulation on this level. Buffet and Gates have the right idea, give 90% of it away (I think that is what they are doing at least).


Here's a link to get you started on the path to realizing your wishes.

Link (new window)
 
2011-12-15 12:58:49 AM
mr lawson: XplodedSynapses: mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare

Solider.

Damn!
/hate posting on a phone
// in my defense im drunk in a bar stupid


FTFY
 
2011-12-15 01:00:02 AM
AverageAmericanGuy: Fett56: I have completely no problem with taking away all but 10% of these people's income and giving it to people that didn't do a goddamn thing to deserve it.

I wish I lived in a socialist paradise like Denmark where the rich get taxed at like 60%+.

There's just no need for wealth accumulation on this level. Buffet and Gates have the right idea, give 90% of it away (I think that is what they are doing at least).

Here's a link to get you started on the path to realizing your wishes.

Link (new window)


Too bad they only take immigrants from Africa and the middle east.

It's okay though, I'll just stay in the country with you and keep voting for all the socialists like fartbongo.

;)
 
2011-12-15 01:00:52 AM
Damn it, there's a line to occupy Mary =/
 
2011-12-15 01:00:53 AM
emkajii: ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

In the '50s and '60s.

A principal complaint of Occupy protesters is that, statistically speaking, economic mobility of this sort has crashed to negligible levels, and that this has happened because government policy has largely been primarily to protect those who are already wealthy.


Oh geesh, not this stupid line of thinking again.

what specific policies protected people who are rich and how did that work out for all the rich people who got hurt by Madoff or the collapse of Lehman?

Zuckerberg, Bezos, Whitman, Chambers, Page, Brin, Ellison etc didn't get rich nor create as many jobs as they did because economic mobility crashed nor did the government protect the rich from these upstarts.
 
2011-12-15 01:01:31 AM
Fett56: mr lawson: XplodedSynapses: mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare

Solider.

Damn!
/hate posting on a phone
// in my defense im drunk in a bar stupid

FTFY


It can be both asshole. drunk AND stupid! Fark off!
 
2011-12-15 01:01:35 AM
cretinbob: Well, if the bottom 30% stopped giving them all their money, it would fix itself, wouldn't it?

I stopped 10 years ago. Really showed them!
 
2011-12-15 01:01:44 AM
ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.


LOL
 
2011-12-15 01:02:00 AM
Sergeant Grumbles: ArkAngel: Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

It only works once.
Then the largest employer in the world will crush you before you start.


Yes, that's exactly how it works. Just ask anyone in the Sears or Roebuck families.
 
2011-12-15 01:02:02 AM
ThisNameSux: Walmart needs to DIAF so instead of 1 superstore employing 400 people in a community, we can have 20 mom and pop stores employing 5 people each. Oh and lets not forget paying more for everything.

here's the deal... I don't like Walmart because they take USA money and send it to their Chinese vendors. This money is leaving our country when you shop at walmart.
 
2011-12-15 01:02:50 AM
mr lawson: Fett56: mr lawson: XplodedSynapses: mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare

Solider.

Damn!
/hate posting on a phone
// in my defense im drunk in a bar stupid

FTFY

It can be both asshole. drunk AND stupid! Fark off!


Okay okay youve got me there. and I was mostly joking.
 
2011-12-15 01:03:11 AM
ThisNameSux: Walmart needs to DIAF so instead of 1 superstore employing 400 people in a community, we can have 20 mom and pop stores employing 5 people each. Oh and lets not forget paying more for everything.

So you want to eliminate more jobs?
 
2011-12-15 01:03:55 AM
I could care less about all the nasty politics that Walmart has been involved in, but GOD DAMN I hate waiting in those lines. Please open more than one register!

How can so many brown children be so sticky in one place?

/and wipe your filthy children's nose please!
 
2011-12-15 01:04:19 AM
GAT_00: ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

No superstore that lives off of the cheapest goods possible and has bulk purchases that make it more efficient than any start-up can possibly be existed then.


wut? be existed then? are you drunk again?
Walton didn't have to compete against bigger companies when he was starting?

what is wrong with the cheapest goods possible if people are willing to buy them?
 
2011-12-15 01:04:26 AM
mr lawson: XplodedSynapses: mr lawson: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

GAT_00 : Super solider of class warfare

Solider.

Damn!
/hate posting on a phone
// in my defense im drunk in a bar


must be a fun bar
 
2011-12-15 01:04:57 AM
tenpoundsofcheese: emkajii: ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

In the '50s and '60s.

A principal complaint of Occupy protesters is that, statistically speaking, economic mobility of this sort has crashed to negligible levels, and that this has happened because government policy has largely been primarily to protect those who are already wealthy.

Oh geesh, not this stupid line of thinking again.

what specific policies protected people who are rich and how did that work out for all the rich people who got hurt by Madoff or the collapse of Lehman?

Zuckerberg, Bezos, Whitman, Chambers, Page, Brin, Ellison etc didn't get rich nor create as many jobs as they did because economic mobility crashed nor did the government protect the rich from these upstarts.


lol, what like 500 people work for facebook? my boss employs more than that and he makes less than 100k a year.
 
2011-12-15 01:06:18 AM
tenpoundsofcheese: Zuckerberg, Bezos, Whitman, Chambers, Page, Brin, Ellison etc didn't get rich nor create as many jobs as they did because economic mobility crashed nor did the government protect the rich from these upstarts.

I must have missed the part where any of those people grew up poor.
 
2011-12-15 01:06:29 AM
ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.



Well, when he did it it could still be done. But these days you wouldn't be able to open a 5-and-dime because a certain douche ex-5-and-dime store owner put them all out of business.
 
2011-12-15 01:06:45 AM
I always thought part of the health care reform should've made companies like WalMart give all their employees health care coverage effective immediately. Also could address the min wage issue.
 
2011-12-15 01:07:13 AM
butt-nuggets: I don't like Walmart because they take USA money and send it to their Chinese vendors. This money is leaving our country when you shop at walmart.

Most of what Walmart sells are the same products you can by in other stores, just at cheaper prices due to their buying power. If you're against Walmart, you're against Sears, Target, K-Mart, Kohl's, JC Penny's and every other major retailer out there. The only difference with Walmart is that they do it better than the rest.
 
2011-12-15 01:07:24 AM
tenpoundsofcheese: GAT_00: ArkAngel: GAT_00: ArkAngel: Then let the bottom 30% start their own chain of superstores

Yeah, that's exactly the way it works.

Sam Walton went from a store manager to owning a single five and dime to being the largest employer in the world. It takes hard work and sacrifice and lots of luck, but it can be done.

No superstore that lives off of the cheapest goods possible and has bulk purchases that make it more efficient than any start-up can possibly be existed then.

wut? be existed then? are you drunk again?
Walton didn't have to compete against bigger companies when he was starting?

what is wrong with the cheapest goods possible if people are willing to buy them?


Oh dear, accidental bad syntax. That must mean no massively efficient, small business superstores exist.
 
2011-12-15 01:07:38 AM
emkajii: A principal complaint of Occupy protesters is that, statistically speaking, economic mobility of this sort has crashed to negligible levels, and that this has happened because government policy has largely been primarily to protect those who are already wealthy. "It can be done" has gone from meaning "hard work and inspiration guarantees success" to meaning "there are still some people for whom hard work and inspiration might mean success."

Of course, the Occupy protesters are stupid farks and are wrong. Over 60% of the Forbes 400 did not inherit their wealth. If anything, the current regulatory and tax regime discourages investment in America. Even Canada is ranked higher in economic freedom. Socialist Canada! How is 1% of the country paying 40% of the taxes "protecting" the wealthy?

And NOBODY ever said hard work and inspiration "guarantees success." An essential element of capitalism is risk, which means you can fail. But more people are brought into a wealthy standard of living via capitalism than any other system.

Free market capitalism: Not perfect, just the best, most fair path to prosperity.

Oh, and you're welcome, bottom 30%, for the low prices. Mom and pop's were ripping you off.
 
2011-12-15 01:08:00 AM
tenpoundsofcheese: Walton didn't have to compete against bigger companies when he was starting?

Those companies behaved very differently from how WalMart behaves now. Also this isn't about Sam Walton, this is about his heirs. And I'm not entirely sure Sam would like some of what his heirs have been up to.
 
2011-12-15 01:08:39 AM
Most of what Walmart sells are the same products you can by in other stores, just at cheaper prices due to their buying power. If you're against Walmart, you're against Sears, Target, K-Mart, Kohl's, JC Penny's and every other major retailer out there. The only difference with Walmart is that they do it better than the rest.

I only shop at Venture and Filene's Basement.
 
2011-12-15 01:10:11 AM
I don't think I have been in a Walmart more than 3 times.
 
2011-12-15 01:10:25 AM
StanTheMan: Free market capitalism: Not perfect, just the best, most fair path to prosperity

Here's the problem: In free market capitalism, if a business makes a terrible decision, it fails. In the US, if a large bank makes a terrible decision, it gets bailed out by the government. Ergo, we do not have free market capitalism in the US.
 
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