Socialist Bernie Sanders who has never created a dime of wealth nor has he ever created a job, said this in a tweet recently:
“Meanwhile, the Walton family of Walmart has a net worth of $144 billion. This is what a rigged economy looks like.”
No Bernie, a rigged economy is when you and your buddies in Washington have spent $20 trillion more than you have taken in. A rigged economy is when a central bank has to keep rates at 0% for 8 years and print almost $5 trillion to keep things afloat and asset prices higher. A rigged economy is when an administration, on purpose, lied to the American public (see Gruber) about a healthcare bill that encompasses a large part of the economy. But you say the economy is rigged because of Walmart and the riches that the founder’s family has built up.
Has 2.2 million employees, 1.4 million in the U.S…the world’s largest employer, by far.
Has 11,695 stores, 6,306 in the U.S.
Has $$485.9 billion sales in fiscal 2017.
Has stores in 28 countries.
Has 260 million weekly customers.
Has 900 million square feet of retail space taking up 34 square miles or 1.5x the size of Manhattan.
If it was a country, would have the 28th largest economy in the world.
$1 out of every $4 Americans spend on groceries is spent at Walmart.
Average family of 4 spends $4,000 each year there.
90% of Americans live within 15 minutes of a Walmart.
Approximately 75% of Walmart management began as hourly associates.
Approximately 57% of employees are women.
Average # of associates that have been there for over 10 years: 300,000.
Walmart’s lower pricing has forced down prices everywhere for almost everything. The number of dollars the consumer has saved because of this throughout the years is said to be incalculable.
Hey Bernie, the Waltons earned their gargantuan wealth by creating a gargantuan company from square one, from one store, from one idea, from one man. They are the greatest job creating machine in history. They have changed millions of lives for the better. People that started as cashiers are now making big coin and own tons of stock because of this company. Suppliers have sold more of their goods beyond their wildest dreams because of Walmart…creating another avenue of massive wealth. Walmart has single-handedly cut the inflation rate because of their low pricing. Walmart has created millions of jobs and trillions of wealth yet you continue to piss all over great success stories like Walmart. Then again, you are a socialist that has never created anything but whines about everything as you continue to live off the taxpayer. You are a socialist that has no clue about hard work, sweat, toil, long hours, risk capital, failure, comebacks and everything that drives the human spirit. You are a socialist that believes you are smarter than the people that actually create a great economy. Walmart is the real economy. You and your buddies are the rigged economy.