It strikes me that when all hell broke loose with the US economy in 2008, everyone felt the pain (or so it seemed). Now, it seems like the wealthiest are okay again and they have left the rest of the people behind. That is what, it seems to me, has given rise to the protests and the backlash and the depth of frustration. Makes sense to me; when will the very wealthy (or the politicians who are in their pockets) get it?
Happy New Year, and here's hoping for some real change and real progress and real opportunity for everyone in 2012.
Well, if it is true that the Walton children's net worth is greater than the combined net worth of the bottom 30% of the US population's net worth you may have a point. I always question why those very same folks, who helped the Walton's achieve such wealth, patronize their stores. Especially when Wal-Mart’s business model is built on the antithesis of the blue collar population's basic ideals, a living wage, reasonable benefits, company retirement contribution, etc. and most importantly supporting a US manufacturing base. None of these are practices which Wal-Mart embraces. Wal-Mart’s average wage is something like $8.15/hour. They have no benefits for the average worker, at least to my knowledge. I am sure the vast majority of the goods they sell are from overseas manufacturers. Not to mention the legendary effect of forcing small retailers out of business when a Wal-Mart store is opened in any location. But no one thinks of these things when they are shopping for the "lowest price".... They continue to head into Wal-Mart. It is the same reason why the politicians passed a 2 month tax bill!? The problems our kids face are deep and getting deeper, and I don't see anyone on the horizon with the courage or foresight to reverse the course. My best to you and yours in 2012 - We still need to get together for dinner sometime. Bill P.
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