Everybody knows that middle-class incomes have stagnated while those of the richest Americans have skyrocketed, but the trend is even more pronounced when you look at the relative fortunes of the super-duper rich. Consider the Walmart heirs: Since 1983, their net worth has increased a staggering 6,700 percent. According to a report released today by the union-backed Economic Policy Institute, here’s how many American families earning the median income it would have taken to match the Waltons’ wealth in a given year:
In 1983, the Walton family’s net worth was $2.15 billion, equivalent to the net worth of 61,992 average American families, about the population* of… Peoria, Arizona.
In 1989, the Walton family’s net worth was $9.42 billion, equivalent to the net worth of 200,434 average American families, about the population of… Albuquerque, New Mexico.
In 1992, the Walton family’s net worth was $23.8 billion, equivalent to the net worth of 536,631 average American families, about the population of… San Antonio, Texas.
In 1998, the Walton family’s net worth was $48 billion, equivalent to the net worth of 796,089 average American families, about the population of… The State of New Mexico.
In 2001, the Walton family’s net worth was $92.8 billion, equivalent to the net worth of 1,077,761 average American families, about the population of… Chicago, Illinois.
In 2010, the Walton family’s net worth was $89.5 billion, equivalent to the net worth of 1,157,827 average American families, about the population of… The State of Arkansas.
In 2013, the Walton family’s net worth was $144.7 billion, equivalent to the net worth of 1,782,020 average American families, about the population of… The State of Louisiana.
— source motherjones.com
Its your money. And the money they stolen from their own workers, the expoitation of the producers and the subsidies, tax cut.
Stop buying from big shops. Please prefer small local stores.