How much money is enough? Do you stop being a greedy capitalist when you no longer care what anything costs? Do you stop when you become one of the named people on the “Richest People In America” lists? Do you stop when your company make $8.5 million dollars a day in dividends alone? Some people would say, “Never! I will never stop until I own everything!”
This is exactly the case of the Walton Family. Sam Walton built an empire in Walmart by keeping costs down and providing people with everything they needed in one store. Somewhere along the way, Sam’s Walmart became WALMART (dun-dun-dah), the monstrous corporation with over one million employees that drives the entire retail industry. They force other retail shops to compete with their unscrupulous tactics like forcing employees to work on Thanksgiving, paying workers the absolute minimum, and making the majority of employees part-time to avoid having to offer any type of health benefits (forget about retirement – good luck funding that 401k on $7.25 an hour).
The Walton’s still own Walmart and they could be doing so much more for their workers, their communities and their country. They could pay every worker $15 an hour without having raise any prices or lose out on any profits. Yet they refuse to pay workers a living wage. In fact the Walmart corporation is one of the biggest opponents to raising the minimum wage.
Lets not forget that we as American taxpayers are subsidizing these low wages with our tax dollars. Research from the Economic Policy Institute shows that the government spends more than $13 billion dollars a year subsidizing the retail industry’s low wages. With a poverty rate of low-wage workers pushing over 10%, it is no wonder Walmart does food drives for their own employees.
So again I will ask how much money is enough?
The UFCW and Robert Reich teamed up to make this great video (http://youtu.be/_-SMetMkcVI) explaining how Walmart could give millions of Americans a raise right now, if they chose to.
Please watch this video and support a Black Friday Protest near you, visit BlackFridayProtest.org