Thursday, October 09, 2014

"We cannot afford that!"

Hmmm, has a familiar ring (emphasis on "familiar"):
Starting Jan. 1, Wal-Mart told The Associated Press that it will no longer offer health insurance to employees who work less than an average of 30 hours a week..."We had to make some tough decisions," Sally Wellborn, Wal-Mart's senior vice president of benefits, told The Associated Press.
"Wellborn"? Only somewhat ironic, certainly poetic.
The six Waltons on Forbes’ list of wealthiest Americans have a net worth of $144.7 billion. This fiscal year three Waltons—Rob, Jim, and Alice (and the various entities that they control)—will receive an estimated $3.1 billion in Walmart dividends from their majority stake in the company. The Waltons aren’t just the face of the 1%; they’re the face of the 0.000001%. The Waltons have more wealth than 42% of American families combined.
"Tough decisions" indeed. "Do we make $3 billion more each this year? Of merely $2.75 billion? Let's go with the former, it's not like poor people need health insurance!" [cross-posted at Firedoglake]


monkeyfister said...

Walton heirs make make in one year the TOTAL income of everyone in the city of Phoenix, AZ.

Poor babies. can't afford to take care of their employees.

donnah said...

Haha! As if they have many full time employees anyhow. They probably run more 39 hour jobs than they do full timers, not to mention those who are forced to work off the clock.

kingweasil said...

not those nice waltons more like the shareholders would'nt like it if they thought a company they'd invested in paid a living wage,w/benefits.too crazy.would never fly.

pansypoo said...

we really need the guillotines.