Absurdities: Gravy Train and the Poor House

The Walton family members are heirs to the Wal-Mart billions, making them the richest family in America. They hold more than 50% of the company’s stock and six of them are on the Forbes list of wealthiest Americans. Together the Waltons have more wealth than the bottom 42% of American families combined. Wal-Mart is the nation’s largest private employer and, despite their great personal wealth, the owners do not share their financial bonanza with the employees who work for them. Taxpayers subsidize Wal-Mart’s low-wage employees through food stamps, Medicaid and other assistance programs. The estimated amount of the subsidy is $6.2 billion.