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$6.5 Billion: A Low-Ball Estimate of the Walton Family's Haul After 16 Years of Bush, Obama, and Trump Tax Giveaways

$6.5 Billion: A Low-Ball Estimate of the Walton Family's Haul After 16 Years of Bush, Obama, and Trump Tax Giveaways

Jake Johnson, staff writer

What's one similarity between the economic policy agendas of Presidents George W. Bush, Barack Obama, and Donald Trump? All three made the Walton family—the wealthiest family in the world—even richer.

Besides what the article brings up, how much of that 6.5 billion is taxpayer money, supplied to their employees through snap and other benefits, because of Walmart’s unlivable wages.

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Between $1 and $5 million each? That’s up to $10 million to the Clinton (read “Family”) Foundation.

"… According to an ABC News report, published in 2008, Clinton appears in videotapes of the stockholder meetings where she never appears to defend the role of labor unions. On the contrary, the tapes show Clinton in the role of a loyal company woman. “I’m always proud of Wal-Mart and what we do and the way we do it better than anybody else,” she said at a June 1990 stockholders meeting.

… Associated Press reported in 2006 that Mrs. Clinton was paid $18,000 annually plus $1,500 for each meeting she attended as a board member. The Clintons had $100,000 in Walmart stock, which was put into a blind trust after the 1992 election. The Clintons also flew for free on Wal-Mart corporate planes 14 times in 1990 and 1991, in preparation for Bill Clinton’s 1992 presidential bid.

The ties between the Clintons and the Walton family continue to this day. Alice Walton, the daughter of Wal-Mart’s founder Sam Walton, is a big supporter of Hillary Clinton becoming the Democratic presidential nominee in 2016. According to filings with the FEC, Alice Walton gave $25,000, the maximum allowed under federal law, to the super PAC Ready for Hillary. According to Clinton Foundation’s disclosures, the Walmart Foundation and the Walton Family Foundation each have given between $1 million and $5 million to the Clinton Foundation."

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One of the sad realities is that at some point in the accumulation of wealth it is not possible to spend more then you earn.

The solution is inheritance tax and excess profit tax. The Republican Party is not going to support either one of those thoughts.

The Democratic Party is being torn apart by the progressive movement; therefore, it will be a miracle if the Dem’s can win the House or Senate.

Hopefully the family will donate some of their earning to good causes.

Why are people still talking about Mrs. Clinton? She loss her bid to be president and is now retired.

By the way, how do you know how she voted or what her reason for her vote was? What do you think a Director does? Whose interest do you think she had as a Director?

Why should she have supported the Union if she did not believe they were right?

When member of the Union vote they do not always agree on what is being voted. That is the reason for a vote!

The Clintons help set the stage for all we are going through now. They were carpetbaggers out for their own selves and they have done very, very well. Apparently the Waltons like them. Bill Clinton was basically as bad or worse than Brett kavanaugh and he was also a “good old boy.” I don’t think we should forget the Clintons and what they have “contributed” to our country.

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Arkansas is a special place, though. And when you are part of the special club…well anything can happen for you.

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It is time for the charity from these oligarchs to stop and have tax rates at a level where we can bring back our communities. Bloomberg, Zuckerburg, Benioff, Bloomberg, Waltons, Gates…pay your fair share of taxes. We the people will decide how the tax money is spent - not you and your paid for politicos.

HI reader321, I have read that taxes were in the 90% range during Eisenhower’s time. And yet, there were rich people even back then. i wonder what the world would be like if there was a flat rate for all–and no write–offs. We would probably have better transportation and more honest politicians.

Not limited to the Waltons…

The largest institutional shareholders of Walmart include:
Vanguard
BlackRock
State Street
Fidelity
Bank of America
GoldmanSachs
And other of the largest money-management firms, whom operate collaboratively, forming virtual monopolies among the largest “competing” corporations in most every single industry.
(source = morningstar)

Many of these same firms are also among the largest institutional shareholders of Amazon, CostCo, and other of the largest “competing” retailers.

These firms support the billionaires (via large investments) that run the corporations that are destroying freedom in the U.S., via special interest legislation.

These firms are also the largest owners of the largest “competing” defense contractors (including Boeing, Lockheed Martin, Raytheon, General Dynamics, etc.), the largest “competing” tech firms (including Apple, Alphabet, Microsoft, Facebook, Twitter, Netflix, etc.), the largest “competing” telecoms (including AT&T and Verizon), the six largest “competing” U.S. banks, the six largest “competing” U.S. airlines, the largest “competing” insurance companies, the largest “competing” energy & utility companies, the largest “competing” firms in most every single industry.

• Corporations owned by these firms are among the largest political campaign donors, to both the “left” and “right” (including “Libertarians” and “Progressives”).
• Corporations owned by these firms are among the largest spenders on lobbying, to both the “left” and “right”.

• Corporations owned by these firms are among the largest recipients of the over $110 BILLION in annual government corporate subsidies.

These firms are the architects of the new American Planned Market Economy (that is, “capitalism” for only the elite).
These firms represent crony capitalism in it most perverse form.

Regardless whether “Democrap” or “Republicant”, the same ultra-wealthy continue to gain ever more wealth, the same ultra-powerful continue to gain ever more power.
Meanwhile, the rest of us continue to lose pace to highly under-reported inflation, as we continue to lose ever more rights, freedoms, liberties, and justice.

This is one of the constructs of the neo-feudal American economic model.

IT’S TIME FOR “WE, THE PEOPLE” TO RECLAIM THE U.S. GOVERNMENT FROM THESE NEO-FEUDAL LORDS.

“If we should find ourselves beholden to some other, imagined authority, this can only mean that we have constructed the conditions of our own servitude”.

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Good analysis. And americans think that the Soviet Union lost. We are becoming more and more a totalitarian crony capitalistic country. And the little people still shop with Amazon, buy at Walmart and vote for Trump. What is wrong with them?

Yea, its sad that “progressives” want to reform the democratic party and put a check on people like Hillary Clinton who apparently has no problem with the Walmart model.

Yet who shops there? Who works there? So who’s to blame?

Is shocking and amazing to see how money turns some people into greedy unempathetic fools.