NOT only are you paying more than what shows on your receipt every time you shop at walmart (the wages of their employees are so low the majority qualify for social safety new programs funded by your tax dollars) the waltons are so selfish, so greedy, they give very little of their wealth to charity. Just another reason to reconsider your decision if you shop at walmart, and reinforces my decision not to shop at walmart since 1989. From +Mother Jones
Jim, Alice, and Rob Walton at 2012 Walmart shareholders' meeting
The Walmart heirs are infamous for their wealth and penny-pinching.
Christy, Jim, Alice, and Rob Walton wouldn't be the sixth-, seventh-,
eighth-, and ninth-richest Americans, respectively, if not for Walmart's
relentless exploitation of its low-wage workers. But the Waltons' stinginess also extends to their philanthropy. According to a new analysis by the union-backed Making Change at Walmart
campaign, the Walton scions give way less money to charity than other
über-rich Americans. In fact, the six other richest Americans have each
donated many times more money to philanthropic causes than all four
Walton heirs combined:
Typically, the extremely wealthy give a higher portion of their incomes
to charity than middle and upper-middle income Americans. After all,
you can only buy so many yachts, vacation homes, and Teslas before you
start to look for other ways to spend money. But that doesn't seem to be
true for the Waltons, who've redefined what it means to be a Scrooge.
Americans' average net worth is about $650,000 per household (the median is only about $70,000), and the average annual charitable donation is about $3,000 per household.
Meanwhile, the average Walton has a net worth of $36 billion and gives
about $730,000 to charity each year. This means that the four richest
Waltons have, on average, a net worth that's 55,000 times higher than
that of the average American household, yet give, as a percent of that
wealth, about 1/230th as much to charity in a typical year:
| Thu Sep. 18, 2014 6:30 AM EDT
Jim, Alice, and Rob Walton at 2012 Walmart shareholders' meeting
Making Change at Walmart
Most Americans Are More Generous Than The Waltons
Annual charitable donations as a percent of net worth
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