“We cannot afford that!”
Hmmm, has a familiar ring (emphasis on “familiar”):
Starting Jan. 1, Wal-Mart told The Associated Press that it will no longer offer health insurance to employees who work less than an average of 30 hours a week…”We had to make some tough decisions,” Sally Wellborn, Wal-Mart’s senior vice president of benefits, told The Associated Press.
“Wellborn”? Only somewhat ironic, certainly poetic.
The six Waltons on Forbes’ list of wealthiest Americans have a net worth of $144.7 billion. This fiscal year three Waltons—Rob, Jim, and Alice (and the various entities that they control)—will receive an estimated $3.1 billion in Walmart dividends from their majority stake in the company.
The Waltons aren’t just the face of the 1%; they’re the face of the 0.000001%. The Waltons have more wealth than 42% of American families combined.
“Tough decisions” indeed. “Do we make $3 billion more each this year? Of merely $2.75 billion? Let’s go with the former, it’s not like poor people need health insurance!” Meanwhile these soon to be “uninsured Wal-Mart” employees can be added not to the Walton family tab…but yours.