The Walmart heirs give to charity like they pay their workers: Very little

  • metta

    Posts: 39159

    Sep 18, 2014 6:13 PM GMT
    The Walmart heirs give to charity like they pay their workers: Very little

    Waltons_least_generous.jpg?1411048889


    http://www.dailykos.com/story/2014/09/18/1330616/-The-Walmart-heirs-give-to-charity-like-they-pay-their-workers-Very-little
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    Sep 18, 2014 7:26 PM GMT
    http://givingpledge.org/
    The Giving Pledge is an effort to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will.

    Bill & Melinda Gates
    We have committed the vast majority of our assets to the Bill & Melinda Gates Foundation to help stop
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    people from making the very most of their lives. Our animating principle is that all lives have equal
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    Warren Buffett
    In 2006, I made a commitment to gradually give all of my Berkshire Hathaway stock to philanthropic
    foundations. I couldn’t be happier with that decision.

    Now, Bill and Melinda Gates and I are asking hundreds of rich Americans to pledge at least 50% of
    their wealth to charity. So I think it is fitting that I reiterate my intentions and explain the
    thinking that lies behind them.

    First, my pledge: More than 99% of my wealth will go to philanthropy during my lifetime or at death.

    Larry Ellison
    Many years ago, I put virtually all of my assets into a trust with the intent of giving away at least 95% of my wealth to charitable causes. I have already given hundreds of millions of dollars to medical
    research and education, and I will give billions more over time.

    Michael R. Bloomberg
    One of the senior managers at my company, Bloomberg LP, recently told me that part of his new hires
    recruiting pitch is to ask, “What other company can you work for where the owner gives nearly all the
    profits to charity?” Nothing has ever made me prouder of my company than that one story...

    I am enthusiastically taking the Giving Pledge, and nearly all of my net worth will be given away in the years ahead or left to my foundation
  • metta

    Posts: 39159

    Sep 18, 2014 7:45 PM GMT
    I don't think that it is good for the economy for the super rich to hoard their money. It is their right to do so but it does not mean that is an ethical decision on their part. I realize that they are probably investing that money but there really is not a shortage of investment funds. That is really not benefiting society that much.
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    Sep 18, 2014 8:09 PM GMT
    I'm not sure what Walmart heirs would invest in for it's consumer base :S

    I'm not trying to be mean but, what would they invest in?

    There aren't non-profits and art blahs and poverty doo daaas in the middle America as much. I mean people seem more accepting of lower wages here... Or regimented lfestyle..


    ok... Actually I just remembered.

    I saw people buying groceries from a dollar store literally a block from a Walmart distribution center [Sam's Club]. I'm not sure what to make of that :s

    That seems gross since I buy soy chicken and Juice at Walmart.

    [I actually bought a pair of shoes there and they're super cute... I mean at least I didn't pay 70$ for my sweatshop shoes... q-q]
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    Sep 18, 2014 8:27 PM GMT
    ALSO LOL

    I just remembered when giving paperwork

    at every walmart facility they have a donation based purchase for I forget child foundation or some some

    LOL but they ask truck drivers - at that time a few of them were missing their teeth and looked ragged as hell. There was a no guns/weapons sticker on the door like

    lolololol...


    I wish there was another place I could buy soy chicken from out here :S
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    Sep 19, 2014 8:09 PM GMT
    Walmart hires the unemployable .... that is charity.
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    Sep 20, 2014 4:14 AM GMT
    Um the only reason the super rich give to charity is for a tax deductible. Plus, there is no obligation to give to charity when you have money. It's nice to, but it's not required.
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    Sep 20, 2014 4:45 AM GMT
    Alpha13 saidWalmart hires the unemployable .... that is charity.


    Thanks. Now I know why Hillary was on Walmart's Board Of Directors. Maybe obama should give back the large contribution he got from Samuel Rawlings Walton in 2012.

    http://www.washingtonpost.com/blogs/post-politics/wp/2012/10/23/wal-mart-heir-bucks-family-donates-to-pro-obama-super-pac/

    It looks like that chart is another liberal lie using a favorite liberal tactic of omission:

    http://philanthropy.com/article/The-Quiet-Walton-Family-Fund/126421/
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    Sep 20, 2014 7:13 AM GMT
    metta8 saidI don't think that it is good for the economy for the super rich to hoard their money. It is their right to do so but it does not mean that is an ethical decision on their part. I realize that they are probably investing that money but there really is not a shortage of investment funds. That is really not benefiting society that much.


    Moralizing Liberal, determining what is "ethical" for everyone else. Blow it out your ass.

    You also have no fucking idea how much these people actually give. Many rich people give to charity thru intermediaries, grantor trusts, single-member limited liability companies, donor-advised fund accounts, and even online clearinghouses.

    So please STFU.
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    Sep 20, 2014 7:14 AM GMT
    Barook saidUm the only reason the super rich give to charity is for a tax deductible. Plus, there is no obligation to give to charity when you have money. It's nice to, but it's not required.


    It's never "required," whether you're rich or not.
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    Sep 20, 2014 2:50 PM GMT
    Jack_NNJ said


    It's never "required," whether you're rich or not.

    Yeah. That's what I said lol
  • roadbikeRob

    Posts: 14380

    Sep 21, 2014 2:01 AM GMT

    What do you expect from Wal Mart's corporate ownersicon_question.gif They pay their workers pittance and treat them like shit. You expect the rich bastard Walton family to have any sympathy and scruples regarding charitiesicon_question.gif Let me reiterate this again, you will never see me in a Wal Mart. I will do without something entirely before I ever step into a Wal Mart and that is no bullshit.
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    Sep 21, 2014 2:11 AM GMT
    The Waltons are an excellent example of why the US requires welfare/social security etc. I've read stuff on here about how those things should be abolished and let charity do it. lol! Classic.