Waltons Pros Cons

Are the Waltons the greediest family in the world? Well, The Waltons are the richest family in the world. They are the new Rockefellers, the modern synonym for "vast wealth." And indeed, income inequality in America has reached levels not seen since John D. Rockefeller roamed the earth. The Waltons are the kings and queens of our new Gilded Age. Four members of the Walton family, heirs to Sam Walton's Wal-Mart fortune, are collectively worth more than $100 billion— more wealth than the entire bottom 40% of Americans. They are doing everything in their power not to give up a penny more than they have to.

Quite a few billionaires, including Warren Buffett and Bill Gates, have pledged to give away almost all of their fortunes to charity. The Waltons take a

different approach. They have decided to hoard as much of their fortunes as possible. They have decided to use each and every tax loophole possible in order to keep their money in their own family, and not to allow the public to claim a single dollar more in taxes than they absolutely have to.
While the Waltons do give to charity, remember that all of that charity is part and parcel of a structure designed expressly to hoard billions of dollars within this one single family, and to avoid paying the normal tax rates that have been levied for the purpose of a tiny step towards equality.

So are the Waltons as bad as we think? Here are some Pros and Cons of the Wal-Mart franchise

Cons:

In Alabama: 3,998 children of Walmart employees are enrolled in

Medicaid

In Arizona: 2,725 workers are on medicaid

In Arkansas: 4120 workers are on public assistance

In Connecticut: 956 workers have children on state health care plan

In Florida: 12,413 workers and their dependents are on medicaid

In Georgia: 10,287 are enrolled in Peachcare for kids.

In Massachusetts: 4,199 workers and families depend on state health care

In Tennessee: 9,676 workers depend on state health care

In Texas: 4,389 children of Walmart employees are on state health care
Now we all have seen these Walmart commercials where they say they give back to the community right? Well in 2004 Walmart employees gave over $5 million dollars for the CRITICAL NEED FUND to help fellow workers in times of need, house fires, hospital bills etc.. The Walton family gave $6000 to that same fund. Compare that to the 3.2 million dollars they gave to political parties in 2004, it's no wonder why they get those subsidies. In that same year the Walton family got a federal tax cut of $91,500.00 per hour.
1. Treatment of Employees
Most of the flaws seen in Wal-Mart can be traced to the treatment of their employees.

Wal-Mart may be the biggest employer in the United States, but that does not mean that all employees are treated fairly and appreciated. Wal-Mart is notorious for offering poor health care coverage and low wages. The health care policy for this corporation is known as one of the worst in all of corporate America. Many Wal-Mart employees do not have healthcare through their employer and also have lower wages in comparison to other employers. This means that Wal-Mart takes advantage of their stranglehold on the market and offers employees the lowest wages and benefits possible. Many people are employed with Wal-Mart due to lack of education and job

opportunities.
2. Taking Out Local Businesses
Wal-Mart has become so big that other retailers simply can’t compete. Local business owners can’t offer the same products for the low prices that Wal-Mart can. This means that local businesses can’t afford to compete with a corporation as large as Wal-Mart. Many small cities and towns only have Wal-Mart as the major retailer in the region. Wal-Mart might offer low prices, but they are taking away the ability for local businesses to even compete.

Now for the Pros:
How can Walmart be beneficial? That depends, are you one of the CEOs? That seems like the only way there is a good thing about Walmart.By Ed Smith's math, the CEO of Walmart earns more in an hour than his employees will earn in a year. Smith, an alderman in Chicago, presented posters at a city council meeting showing that Walmart CEO Michael Duke's$35 million salary, when converted to an hourly wage, worked out to$16,826.92.
Walmart may be convenient to shop at buying your groceries in one section art supplies in the next and clothes at the end but would you shop there after knowing these facts?