Monday, February 25, 2019

More Money In One Minute

The Walton family makes more money in one minute than Walmart workers do in an entire year.  This is what we mean when we talk about a rigged economy.

-- Bernie Sanders, posting on Twitter as @BernieSanders, 14 February 2019

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The Walton family controls 1,508,965,874 shares out of 2,952,478,528 total shares outstanding.  Walmart's most recent quarterly dividend was 52 cents a share, or $2.08 a year; the Walton family earns $3,138,649,017.92 just in dividends a year.

  • Entry-level worker (Walmart figure): $22,880 a year
  • Walmart average (Payscale): $24,960 year
  • Walton family: $25,149 a minute

A Walmart spokesman declined to comment.

-- Glenn Kessler, fact-checking (and confirming) Bernie's claim, Washington Post, 19 February 2019

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