Do you have adblock enabled?
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Gawker)   Some billionaires, such as Bill Gates and Warren Buffet, have pledged to give away the vast majority of their fortunes to charity. Then there are the Waltons, who inherited their billions and are going to fight to keep every last dime   (gawker.com ) divider line 474
    More: Interesting, Bill Gates, Sam Walton, Walton family, John D. Rockefeller, Gilded Age  
•       •       •

18286 clicks; posted to Main » on 12 Sep 2013 at 3:29 PM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



474 Comments   (+0 »)
   
View Voting Results: Smartest and Funniest

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | » | Last | Show all
 
2013-09-12 04:45:53 PM  

nosferatublue: Exactly. Lefties seem to be reading from a gospel where Christ said "Lo, petition Rome to compel thy rich neighbors to give of theirs to help the poor. That counts for thine share, too"


He did, though, say "Render unto ceaser's what is ceasers", and LITERALLY SAID "You cannot worship both god and money" ('cause he was speaking to jews, and the jews ALREADY weren't supposed to be worshiping *the actual deity* Mammon.)
 
2013-09-12 04:45:57 PM  

Headso: steamingpile: it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.

You revere the Kennedys about as much as I revere the Waltons. Heh, are you asking people to be nice to the Waltons but not the Kennedys?


Why can't we hate both? Fark the Kennedys too
 
2013-09-12 04:46:53 PM  

pedobearapproved: You lost me with Robert Reich.


The Sec of Labor who oversaw the creation of 23 million jobs, a median household income increase of 14%, 8 million people lifted out of poverty, and the longest sustained period of economic growth in American history.

Yeah, what does he know about the economy.
 
2013-09-12 04:47:53 PM  

The_Original_Roxtar: [blogs-images.forbes.com image 620x434]

also gave very little if anything to charity, but it's okay because he made over-priced shiny crap that was made in Chinese sweat shops rather than cheap crap made in Chinese sweat shops.


And let's not forget, his wife, who had nothing to do with Apple, inherit---, I mean earned, 9 billion dollars worth of wealth and influence after he died.
 
2013-09-12 04:48:01 PM  

Felgraf: nosferatublue: Exactly. Lefties seem to be reading from a gospel where Christ said "Lo, petition Rome to compel thy rich neighbors to give of theirs to help the poor. That counts for thine share, too"

He did, though, say "Render unto ceaser's what is ceasers", and LITERALLY SAID "You cannot worship both god and money" ('cause he was speaking to jews, and the jews ALREADY weren't supposed to be worshiping *the actual deity* Mammon.)


Verily.
 
2013-09-12 04:48:31 PM  

BKITU: steamingpile: The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.

From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

If you think the estate tax hits the poor or middle class, you're a tool of punditry.


And the rancher who is sitting on millions in land, but doesn't make much money a year, can't pass it on to their kids, because the IRS will simply take the land. nice. No choice but to sell it off.
 
2013-09-12 04:48:49 PM  

keepitcherry: The_Original_Roxtar: [blogs-images.forbes.com image 620x434]

also gave very little if anything to charity, but it's okay because he made over-priced shiny crap that was made in Chinese sweat shops rather than cheap crap made in Chinese sweat shops.

What's your point? You're typing on a computer that was made in a Chinese sweatshop too.


my point is that many of the people vilifying the waltons canonize jobs
 
2013-09-12 04:49:00 PM  

Dusk-You-n-Me: pedobearapproved: You lost me with Robert Reich.

The Sec of Labor who oversaw the creation of 23 million jobs, a median household income increase of 14%, 8 million people lifted out of poverty, and the longest sustained period of economic growth in American history.

Yeah, what does he know about the economy.


Plus, he was the mayor of Munchkinland.
 
2013-09-12 04:49:31 PM  

baka-san: ManRay: Vote with your wallet if you don't like Walmart.

Problem is, in some smaller towns you don't have a choice unless you drive for 20+ miles one way.


Why it's the Model T Ford made the trouble, made the people wanna go, wanna get, wanna get, wanna get up and go, seven, eight, nine, ten, twelve, fourteen, twenty-two, twenty three miles to the county seat. Yes sir, yes sir, who's gonna patronize a little bitty two-by-four kinda store anymore?
 
2013-09-12 04:50:25 PM  
Its somewhat funny but mostly sad... The amount of OWS-type idiots who believe rich people are preventing others from having things.  Spend less time gobbling up whatever Obama and the rest of the Democrat party are ejaculating, and more time focusing on improving your own quality of life, and youll be far happier.
 
2013-09-12 04:50:40 PM  

what_now: Exactly. You can biatch about this on facebook...or you can just not shop at WalMart.


I'll do both, thanks.
 
2013-09-12 04:50:43 PM  

WhyteRaven74: JNowe: I love the part when they start going "But, but, but, Jeebus". It's the one topic where lefties fall back on religion.

Given how many people talk about being Christians and then defend greed, how else should one argue?


They defend freedom. I don't see anyone defending greed. I think the family should give their money away, too, I'm just not going to make them.
 
2013-09-12 04:51:22 PM  

EdNortonsTwin: Money was tight back in the and my Son needed some shoes.  I heard about Walmart practices so I went to a mom and pop shoe store in the area.  They had $38 shoes in his size - made in Tiawan.

Similar shoes made in China sold at Walmart for $15.

It was a tough choice........not really.


THIS.

As much as I try to avoid Walmart, the work pants I'm wearing are $18 there and $26 everywhere else. I can't afford NOT to shop there for my high-wear items.

// also, I'm underpaid.
/// says the guy Farking at work.
 
2013-09-12 04:51:50 PM  

BolloxReader: Intergenerational wealth is aristocracy, plain and simple. You die, your spouse dies and your kids are 21+, it should go away. No family trusts. No estate planning. No "heirs." And no passing on wealth to children before one dies. You earn it, you enjoy the fruits of your labor. Live it up. But it ends there.

This country has never lived up to its vision and has rarely tried.


just a hunch, you have no kids and either no job or work at walmart
 
2013-09-12 04:52:05 PM  
Anyone who makes snide remarks about Wal-Mart also tends to:

1. Own a TV but haven't turned it on in years
2. Drink microbrewery beer
3. Watch Japanese children's cartoons on a Mac
4. Appreciate the warmth of vinyl phonograph records
5. Read books at Starbucks
6. Claim to prefer girls with small breasts
7. Ride a bike wearing spandex stretch trousers
8. Walk past a smoker and force pretentious coughing noises
9. Take comfort in believing size doesn't matter
10. Feign disgust at the idea of eating a Big Mac
 
2013-09-12 04:52:45 PM  

Phoenix_M: Bill Gates and Warren Buffet aren't giving away shiat, it's a tax scam.


Ever taken a deduction? You're participating in the tax scam you're complaining about, so STFU.
 
2013-09-12 04:53:12 PM  

letrole: 6. Claim to prefer girls with small breasts


Hey, now...
 
2013-09-12 04:53:53 PM  

steamingpile: This is why estate taxes exist. We have agreed, as a society, that at least some of these huge piles of wealth should be put back into the public coffers when their rich owners die.

This is the dumbest line from the article, this tax does not affect the rich they just move their money where it is not subjected to this tax, this law affects the middle class to low income people the most when they have richer relatives die and have no clue how to handle money that would desperately help them pay off a lot of their bills. Our 2nd cousins had their uncle die after he had a ton of oil tapped on his property, after he died they had to sell off most of the property to pay off taxes due, they are still broke as shiat since after that all that was left was a few thousand per each family. If they could have kept most of it quite a few of their kids could have went to college but now they are stuck working shiat jobs that endanger their health and safety on a daily basis.

The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.


I'm getting an inheritance in less than a month from the In-laws' grandparents...6 figures, so I'm getting a kick out these replies...

...seriously.  $200,000.  Already setup paying to build a house in cash, will mortgage the 400-500k value to the bank and will buy 2 more houses...will rent them out and retire in less than 10 years.

TAX ME, TAX THE EVIL RICH!
 
2013-09-12 04:54:22 PM  

letrole: 10. Feign disgust at the idea of eating a Big Mac


You know, some Wal-Marts have McDonald's in them...
 
2013-09-12 04:55:08 PM  

nosferatublue: Do you have any idea what kind of portfolio the family is invested in - domestic stocks, venture capital, municipal bonds, foreign stocks, etc?


Doesn't matter what it's invested in really. Unless all the shares of stock they buy are bought at IPO, then they're just buying shares of stock from other people, which doesn't do the issuing companies any good. It certainly doesn't do much to get more money moving around in the economy. If they got into being venture capitalists that would get money moving around, if they got into funding small businesses by way of low interest loans, that would get money moving around even more. Certainly better than what they're doing now.
 
2013-09-12 04:55:18 PM  

steamingpile: They completely ignore that they have donated millions to schools in their home state and built one of the finest museums/art galleries not in a major city.


For the record, when your net worth is in the tens of billions, "millions" isn't even 1%. If they followed Church doctrine, they should be donating approximately 2 billion each to meet the 10% marker.

They aren't and they are collectively making the taxpayers subsidize their employees by depressing wages to at or below poverty levels. I've taken a serious look at Walmart and seen a LOT that can be done to make the place better, but I won't work for $8.00 an hour with my skill set.

/is this logical enough for you?
 
2013-09-12 04:55:57 PM  

Phineas: Its somewhat funny but mostly sad... The amount of OWS-type idiots who believe rich people are preventing others from having things. Spend less time gobbling up whatever Obama and the rest of the Democrat party are ejaculating, and more time focusing on improving your own quality of life, and youll be far happier.


There are a lot of strawmen in this thread. It's starting to present a fire hazard.
 
2013-09-12 04:56:28 PM  

Scoop84: letrole: 10. Feign disgust at the idea of eating a Big Mac

You know, some Wal-Marts have McDonald's in them...


But not many bridges; I see a conflict of interest.
 
2013-09-12 04:56:37 PM  

letrole: Anyone who makes snide remarks about Wal-Mart also tends to:

1. Own a TV but haven't turned it on in years
2. Drink microbrewery beer
3. Watch Japanese children's cartoons on a Mac
4. Appreciate the warmth of vinyl phonograph records
5. Read books at Starbucks
6. Claim to prefer girls with small breasts
7. Ride a bike wearing spandex stretch trousers
8. Walk past a smoker and force pretentious coughing noises
9. Take comfort in believing size doesn't matter
10. Feign disgust at the idea of eating a Big Mac


As opposed to people who makes snide remarks about people who dislike Wal-Mart, who:

1. Are so thoroughly uncreative that they need to copypasta the same stupid list into every thread
2. There is no 2.
 
2013-09-12 04:57:59 PM  

WhyteRaven74: nosferatublue: Do you have any idea what kind of portfolio the family is invested in - domestic stocks, venture capital, municipal bonds, foreign stocks, etc?

Doesn't matter what it's invested in really. Unless all the shares of stock they buy are bought at IPO, then they're just buying shares of stock from other people, which doesn't do the issuing companies any good. It certainly doesn't do much to get more money moving around in the economy. If they got into being venture capitalists that would get money moving around, if they got into funding small businesses by way of low interest loans, that would get money moving around even more. Certainly better than what they're doing now.


I read that several times, and it just got funnier each time. Guys...check this out. Seriously.
 
2013-09-12 04:58:10 PM  
Don't blame the Waltons. Blame the Vietnam War.

It's true. Study it out.
 
2013-09-12 04:58:55 PM  

steamingpile: it amazes me to this day how the kennedy's are so revered yet people ignore how their father was such a scumbag and was the only reason why they were rich.


My dad was a scumbag. Does that mean I can never be revered?

Come to think of it, is that why I'm  not revered already? Seriously, you people need to start with the reverence already. While I'm young, please.
 
2013-09-12 04:59:08 PM  

Dancin_In_Anson: They take advantage of tax laws...much in the same way as you and I do...and much like Gates and Buffet do.

What was the beef again?


Nice non-sequitur.

/Look over there!!!
 
2013-09-12 04:59:42 PM  

Scoop84: I just wonder if we (the taxpayers) are better off having these folks earn Wal-Mart wages than nothing.


You're presenting a rather odd dichotomy, that WalMart not only is, but if it wasn't, the people who currently work there would be working nowhere.

Phineas: The amount of OWS-type idiots who believe rich people are preventing others from having things.


No one is arguing that at all, just that when you keep accumulating money, you diminish how much money is circulating between people, which hurts the economy.
 
2013-09-12 05:01:08 PM  

Thunderpipes: BKITU: steamingpile: The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.

From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

If you think the estate tax hits the poor or middle class, you're a tool of punditry.

And the rancher who is sitting on millions in land, but doesn't make much money a year, can't pass it on to their kids, because the IRS will simply take the land. nice. No choice but to sell it off.


That's the point of it... working as expected...
 
2013-09-12 05:01:33 PM  

HeartBurnKid: letrole: Anyone who makes snide remarks about Wal-Mart also tends to:

1. Own a TV but haven't turned it on in years
2. Drink microbrewery beer
3. Watch Japanese children's cartoons on a Mac
4. Appreciate the warmth of vinyl phonograph records
5. Read books at Starbucks
6. Claim to prefer girls with small breasts
7. Ride a bike wearing spandex stretch trousers
8. Walk past a smoker and force pretentious coughing noises
9. Take comfort in believing size doesn't matter
10. Feign disgust at the idea of eating a Big Mac

As opposed to people who makes snide remarks about people who dislike Wal-Mart, who:

1. Are so thoroughly uncreative that they need to copypasta the same stupid list into every thread
2. There is no 2.


Jesus that farking guy is still around. Hard to believe.
 
2013-09-12 05:02:37 PM  
Phineas:

You're wasting your time.  Alice Walton is not going to sleep with you.
 
2013-09-12 05:03:23 PM  

nosferatublue: I read that several times, and it just got funnier each time. Guys...check this out. Seriously.


So you think buying $50 million in stock which puts money in the hands of a few people, and not even the company whose stock you bought, is better than making a ton of small loans that puts money in lots of hands?
 
2013-09-12 05:03:29 PM  

anfrind: Phineas:

You're wasting your time.  Alice Walton is not going to sleep with you.


She will if he comes in a gallon jar.
 
2013-09-12 05:03:52 PM  
Just as we have term limits for some politicians (not enough limits, I might add....), we should have limits for assholes like this. You can be a selfish 100 billionaire, but only for 10 years. Then you get tossed in the middle of Harlem "Die Hard with a Vengeance" style.
 
2013-09-12 05:05:27 PM  
The Waltons should burn right along with their Chicom business partners.
 
2013-09-12 05:05:29 PM  
Horrible people like the Waltons make me wish I believed in Hell.
 
2013-09-12 05:06:10 PM  

Phineas: Its somewhat funny but mostly sad... The amount of OWS-type idiots who believe rich people are preventing others from having things.  Spend less time gobbling up whatever Obama and the rest of the Democrat party are ejaculating, and more time focusing on improving your own quality of life, and youll be far happier.


Analogy time: you me and a buddy are playing Monopoly... all the properties are sold, I own 10 properties... 1 of each color, but all 3 of the light blues.  Since I have one of each other color also, if I just refuse to trade, EVER, then I am the only one with a Monopoly and I *will* win the game, guaranteed.  So yes, my hoarding of the property does prevent you from focusing on improving the quality of your Monopoly life, as it is as good as it can get.

If this doesn't work, I'll come up with analogies involving Connect Four and Clue also...
 
2013-09-12 05:07:11 PM  
Does Subby  expect people of wealth to give away that wealth? Just asking ... and if so, what percentage? What is enough percentage? What is too little? To whom should that wealth be given? When? In what manner? How is this decided so that Subby is happy with the results?
 
2013-09-12 05:08:13 PM  

MBooda: Good night, chief.


Goodnight, McCloud
 
2013-09-12 05:08:13 PM  

misanthropic1: Scoop84: letrole: 10. Feign disgust at the idea of eating a Big Mac

You know, some Wal-Marts have McDonald's in them...

But not many bridges; I see a conflict of interest.


www.wiltonpartners.com

/hot
 
2013-09-12 05:09:16 PM  
Who cares, really its their money to do with as they please as long as they are not breaking any laws and or murdering villages of short purple people for their amusement then I don't get the outrage unless its just wealth envy. I know if I had tons of money I wouldn't be so quick to get rid of it unless it was to lavish myself and my family with stuff that others could only dream of having like a yacht that could become an airship or some shat like that.

People have issues with what they pay their employees, its not like they are forcing them to work there. If they don't like their wages then go get a different job or those complaining about it how about you start a business and build it from the the ground up to a huge successful giant like Walmart but pay what you think your employees are worth.

I have had shiatty paying jobs for the at least half of my adult working life so far but that was by choice due to not being motivated to attain more and was happy with shooting at people and blowing shiat up and or boozing so much my pooped turned white. Once I decided I wanted more out of life I tried a few different things that required more of myself and each time I upped my worth a little more until I finally found something that I am happy doing and can provide a good life for my family.

Don't like your lot in life then do something about it, I had no help and had farked up plenty in life which created some obstacles, some pretty facking huge when it comes to things like clearing FBI background checks and what not but I did it, wasn't easy nor quick but was a choice I made and followed through with.
 
2013-09-12 05:09:28 PM  
The Waltons would hire child labor to cut costs if it were legal.  They are scum.

I have nothing against getting rich.  I have nothing against wanting to keep your profits.  The Waltons are getting rich via a taxpayer subsidy (the highest rate of employees on government assistance in the entire country).

The Waltons will be amongst the first against the wall when ther revolution comes (just after politicians).
 
2013-09-12 05:10:51 PM  

BolloxReader: Intergenerational wealth is aristocracy, plain and simple. You die, your spouse dies and your kids are 21+, it should go away. No family trusts. No estate planning. No "heirs." And no passing on wealth to children before one dies. You earn it, you enjoy the fruits of your labor. Live it up. But it ends there.


I feel the same way.  And it's totally a coincidence that the money should all be given to me.  I'm not saying this just so I get the money, I'm saying it because reasons.
 
2013-09-12 05:11:12 PM  

FlashHarry: well, that's their right, of course. just as it's my right not to shop at their shiatty stores.


"Rights" are relative. If we as the collective decide that murder is a "right" then murder becomes legally sanctioned and protected. That is to say, just because we are allowing this kind of money laundering to happen doesn't mean it's right and shouldn't be challenged.
 
2013-09-12 05:12:14 PM  
 I always thought it was weird how Sam ran walmart like "America fark yeah" and his kids run it more like "fark America." I think it's the difference between growing up with money and not.
 
2013-09-12 05:12:25 PM  

WhyteRaven74: nosferatublue: I read that several times, and it just got funnier each time. Guys...check this out. Seriously.

So you think buying $50 million in stock which puts money in the hands of a few people, and not even the company whose stock you bought, is better than making a ton of small loans that puts money in lots of hands?


I honestly don't even know where to begin, even if I was inclined to try. Cripes. 

Here's a thought - find someone who works in financial services and ask them where the money in a bank comes from. Then just keep asking "and where does THAT money come from?" until they get sick of answering and leave.

If they stick with you long enough, I have a feeling it will blow your mind.
 
2013-09-12 05:12:35 PM  

letrole: Anyone who makes snide remarks about Wal-Mart also tends to:

1. Own a TV but haven't turned it on in years
2. Drink microbrewery beer
3. Watch Japanese children's cartoons on a Mac
4. Appreciate the warmth of vinyl phonograph records
5. Read books at Starbucks
6. Claim to prefer girls with small breasts
7. Ride a bike wearing spandex stretch trousers
8. Walk past a smoker and force pretentious coughing noises
9. Take comfort in believing size doesn't matter
10. Feign disgust at the idea of eating a Big Mac


Your list is old and you should be ashamed.
 
2013-09-12 05:13:00 PM  

WhyteRaven74: You're presenting a rather odd dichotomy, that WalMart not only is, but if it wasn't, the people who currently work there would be working nowhere.


No.  We don't know where (or if) they would be working if Wal-Mart didn't exist.  Maybe elsewhere, maybe not at all.

We do know that, right now, they can't get better paying jobs.
 
2013-09-12 05:13:25 PM  

Thunderpipes: BKITU: steamingpile: The estate tax law needs to be changed to allow poor or middle class to keep more, its a farking cash grab from the government and idiots act like this is a rich tax.

From the IRS website: the applicable exclusion amount for 2013 is $5,250,000.

If you think the estate tax hits the poor or middle class, you're a tool of punditry.

And the rancher who is sitting on millions in land, but doesn't make much money a year, can't pass it on to their kids, because the IRS will simply take the land. nice. No choice but to sell it off.


There are multiple ways around this.  The most common is to incorporate the ranch/farm/cottages/boat as a business, and over a period of several years transfer shares of the business to your relatives.  If you have that many assets, you should be thinking about this kind of thing well in advance of your death.  After all, why give your children a huge windfall only after you die?? Shouldn't you be looking out for them when you are still living?

The estate tax only affects a very small few who have piles of cash lying around and didn't plan ahead.  Sorry, but you either have to be colossally stupid or stupidly rich if you can't get out of them.  The estate tax will never apply to 99% of the people who defend it.
 
Displayed 50 of 474 comments

First | « | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | » | Last | Show all

View Voting Results: Smartest and Funniest


This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »
Advertisement
On Twitter






In Other Media


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.

Report