Workers at Walmart are pledged to strike on Black Friday (23rd November), the crazy US shopping day after Thanksgiving.
Many Walmart staff are the working poor - at salaries insufficient to pay for housing & food, they've no health or pension benefits when the employer keeps worktime below 28 hours per week.
American Dream for one family, nightmare for millions.
Walton family wealth = the wealth of 42% of all American families. Major owners of Walmart are the Walton family, whose wealth ($89.5 billion in 2010) equals that of the bottom 48.8 million American families.
The Walmart workers are not freeloaders, just regular folk slaving at unglamorous hard work. The 1% teach us to despise those lazing in entitlement programs. But in fact only their own rich kids do squat -- living large and lording it over America.
Entrepreneurs = only THREE PERCENT of the Very Rich
"According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneur..." (link)
Many Walmart staff are the working poor - at salaries insufficient to pay for housing & food, they've no health or pension benefits when the employer keeps worktime below 28 hours per week.
American Dream for one family, nightmare for millions.
Walton family wealth = the wealth of 42% of all American families. Major owners of Walmart are the Walton family, whose wealth ($89.5 billion in 2010) equals that of the bottom 48.8 million American families.
The Walmart workers are not freeloaders, just regular folk slaving at unglamorous hard work. The 1% teach us to despise those lazing in entitlement programs. But in fact only their own rich kids do squat -- living large and lording it over America.
Entrepreneurs = only THREE PERCENT of the Very Rich
"According to both Marketwatch and economist Edward Wolff, over 90 percent of the assets owned by millionaires are held in a combination of low-risk investments (bonds and cash), personal business accounts, the stock market, and real estate. Only 3.6 percent of taxpayers in the top .1% were classified as entrepreneur..." (link)
