Tuesday, September 23, 2014

The World's Richest Women 2014

The latest FORBES article says the top richest woman in the world is Christy Walton - with a $36.7 billion fortune. The widow of John Walton has had that title for four out of the last five years. No tag day in her future.

In third place is another Walton family member – Alice Walton with $34.3 billion. She’s the daughter of Sam Walton and is Christy’s sister-in-law.   Sure, the two of them have some side line income but it’s the inherited Wal-Mart money that catapulted them into such riches. 

How did they get so rich?  On the backs of the poor - the people who have no choice but to take a job at Wal-mart.

Wal-Mart employees are paid so poorly that employees (in the U.S.) were encouraged to start up their own food banks to help them between paydays.  The Waltons deny their workers a decent wage - we're not talking a lot of money, but enough to allow those at the bottom end of the economic spectrum to live and work with dignity.   

All the while, the owners wallow in obscene billions of dollars. Are they so far removed from the masses that they can’t see what’s propping up their riches?  Have they no compassion?  Oh, they probably do – they probably write cheques for millions of dollars to the latest sexy, but no doubt important, cause, to assuage their conscience.

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