#OccupyCarrolton Mic Checks Wal-Mart

A note from Occupy Carrolton: "After our first General Assembly, we came to a consensus to take a fun field trip to our local Wal-Mart in Carrollton on Highway 27. This is the video of our mic check there. Look for future actions in support

A note from Occupy Carrolton:

"After our first General Assembly, we came to a consensus to take a fun field trip to our local Wal-Mart in Carrollton on Highway 27. This is the video of our mic check there. Look for future actions in support of local business in Carrollton. Expect us."

And speaking of Wal-Mart, Sylvia Allegretto, a labor economist at the University of California Berkeley Center on Wage and Employment Dynamics, dug into the 2007 Survey of Consumer Finances and "[t]hen compared those numbers to the net worth of the six members of the Walton clan as reported on the Forbes 400 list in 2007. They are all children or children-in-law of the founders of Walmart. Their total net worth that year: $69.7 billion."

Allegretto also notes that "[T]he new 2011 Forbes 400 has the inherited worth of these six Waltons at $93 billion. The 2010 SCF data that is slated for release spring of 2012 will almost certainly show a further widening of the wealth gap given that corporate profits, stocks and CEO pay have all recovered while housing values & equity (the lion’s share of wealth for average American’s), wages and family incomes have yet to turn around."

That’s equal to the wealth of the poorest 30 percent of all Americans, according to Allegretto’s calculations. Six people. As much wealth as 30 percent of people.

Let that soak in a while.

About Diane Sweet

Diane Sweet's picture
Senior Editor, Lives in a gerrymandered district in Michigan.

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