Now, Where’s that Guillotine?Posted: December 3, 2013
How Wal-Mart’s Chairman Burned Through Millions Of Dollars In A Matter Of Seconds From Business Insider
It took Wal-Mart Chairman Rob Walton a matter of seconds to burn through millions of dollars on a race track last year.
He was reportedly tearing around a corner in his rare Shelby Daytona Cobra Coupe, one of five ever made, when he ran it off the track and wrecked it.
The car has been estimated to be worth as much as $15 million, according to The Los Angeles Times, and it likely cost him a couple million dollars to fix it.
The Waltons are without question one of the wealthiest families in the world. Forbes estimates that the net worth of just six of the family members is more than $144 billion, which is greater than the combined net worth of Bill Gates and Warren Buffett.
Rob Walton’s father, Samuel Walton, founded Wal-Mart in 1962. The family now owns a 50.9% stake in the company that’s worth $131 billion and paid out $2.5 billion in dividends last year. The dividends alone would be enough to pay every one of Wal-Mart’s 1.3 million U.S. employees nearly $2,000 in cash.
Consider Rob Walton, for example: Besides houses in Aspen, Colo., and Paradise Valley, Ariz., at least a half dozen vintage cars, and the recent purchase of 1,500 acres of land in Hawaii for a planned resort, you would be hard-pressed to find many signs of his outrageous wealth.
and let’s not forget:
While the average wage of Wal-Mart associates is the subject of some dispute (OUR Walmart claims that most make less than $9 per hour, an estimate based on data from IBISWorld and Glassdoor.com, while Wal-Mart pegs the figure at $11.83), there’s little doubt that many of the store’s workers are stuck below the poverty line, currently $23,550 for a family of four.
A study by congressional Democrats suggested that low wages at a single Wal-Mart could be costing taxpayers as much as $900,000 per year, due to employees using programs like food stamps and Medicaid.
No, BB, it isn’t just you. There are just a lot of people in the world that need a lesson. Speaking of which …
Rush Limbaugh is going after Pope Francis just in time for the Christmas season.
The outspoken conservative pundit blasted the Pope this week after the pontiff released a new 50,000 word document, titled “Evangelli Gaudium” (The Joy of Gospel), calling for church reforms and criticizing certain ideas of capitalism.
Limbaugh, whose nationally syndicated radio show is no stranger to controversial rhetoric, called Francis’ latest statement “pure Marxism.”
Limbaugh’s own statement, titled “It’s Sad How Wrong Pope Francis Is (Unless It’s A Deliberate Mistranslation By Leftists)“ goes on to question whether the pontiff was actually the author of the document.“It’s sad because this pope makes it very clear he doesn’t know what he’s talking about when it comes to capitalism and socialism and so forth,” Limbaugh wrote.
Would you like to discuss who is waging the war on christian “values” now or should we just read Snowflake Snookie’s selling really badly kid’s book? Or perhaps watch Rick Santorum’s movie? Shop for gifts at Walmart?
Yes, there is a classwar, and 99.9% of us are losing it!!