Wal-Mart wishes you a Merry Christmas.But don't get too warm and fuzzy over Wal-Marts sudden revelation that they were wrong in trying to remove Christ from the Christmas season. There is only one thing that motivates Wal-Mart and that is the bottom line. In their attempt to be all things to all people they can only alienate those of us that care about America and American workers.
The facts are:
In 2004 Wal-Mart imported 18 billion dollars in goods from China. Think about how the cheap toys you buy are made by workers often working 12+ hours a day for 13-17 cents per hour. Merry Christmas.
The C.E.O. of Wal-Mart, Mr. Lee Scott, made $27,207,799 in 2005 while the average W.M. employee earned $13,861.
The five remaining Walton family members are worth 102 Billion dollars while the Wal-Mart "assocciates" are often advised to apply for public assisstance and health care in order to make ends meet.
The cost of the Wal-Mart private jet fleet=$125,350,000 while Sam Walton flew his own small plane and drove an old pick-up truck.
The Walton family has given less than 1% of their personal wealth to charity. Bill Gates has given 58%.
The Walton family gave 3.2 million in campaign contributions in 2004.
In 2004 Walmart employees gave over 5 million dollars to help less fortunate fellow workers while the Walton family gave $6000.
To Wal-Mart I say Merry Christmas. God bless us one and all.
3 comments:
I wish Sam Walton was still around. The rest of the Walton family is too caught up in their own personal fortune to take care of their employees.
I read his autobiography and I don't believe he would be proud of the preditory nature that his legacy has taken on. If you remember twenty years ago WalMart only went into smaller communities that lacked any type of department store.
While I'm a capitalist at heart, I don't see how we can sustain a system that relies on importing everything and run up historical trade deficits and national debts. China is in the process of dumping hugh amounts of our dollars and buying gold. The oil producing countries are all going away from accepting the dollar as their official currency. I fear that soon the dollar will collapse just like the dot-com bubble burst. I see this as a prelude for the North American Union.
You're right. All signs point to either the demise or the significant weakening of the dollar. However,I'm sure that the late Julian Simon would argue that the United States will come up with something to compensate, and I wouldn't discount the possibility of a NAU.
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