Dave Makkar - 21 Sep, 2012
India has blindly adopted the American Economic Policies, without taking into account America a one time Super Power is barely crawling and can’t even walk under the load of these Anti-common people and Pro 1% Rich policies.
Today America has 50 mil people on Food Stamps, 20 mil unemployed, 30 mil under-employed, 16 mil children facing hunger, 1.5 mil homeless youth and 70 mil with no health insurance. Above all $16 Trillion external debts, $4 Trillion state government debt and $175 Trillion in unfunded liabilities. Today if you sell every American’s assets the total that can be realized is $78 trillion!
DISTRIBUTION OF WEALTH IN AMERICA UNDER PRO RICH ECONOMIC POLICIES
Bottom 50% owns 2.5% of the Nations Assets, 40% owns 26%, Assets, 9% owns 37.8% assets and top 1% owns 33.7%. In other words top 10% owns 41.5% of US assets.
The six heirs to the Walmart fortune are worth as much as nearly half of all American households. The Walton family was worth $89.5 billion in 2010, the same as the bottom 41.5 percent of U.S. families combined, according to Josh Bivens of the Economic Policy Institute. That's 48.8 million American households in total.
SHRINKING WORKERS WAGES & RISING CEO SALARIES
Workers wages in USA has Dropped 14.4% SINCE 1945 and on the other hand CEO salaries has gone up by 1400% in the same period.
30% employed in private sector of America are making less than $10/hour in other words not making “LIVING WAGES”. The National Minimum wage has lost 30 percent of its purchasing power since 1968 as per NFLP report.
A TYPICAL WALLMART STORE EMPLOYS 350 PEOPLE
Out of that 320 are min. wage earners or $10/hr earner.
10 are managers and 20 are Supervisors.
98% of the stuff sold in Walmart is Made in China.
The minimum wage earners in America are not making the "Living Wages" that can take care of their families. That is the reason they are on Food Stamps and other welfare schemes run by Federal & state governments.
In America 30% of the jobs in Private Sector are paying $10/hr that can not provide sustainability to a family. So these earners are not making "Living Wages"; they need assistance to survive.
If India wants to give a bost to Chinese Economy & bost in the number of employed people on Welfare THEN THEY SHOULD WELCOME WALMART & ITS COUNTERPART FROM AROUND THE WORLD.
India has blindly adopted the American Economic Policies, without taking into account America a one time Super Power is barely crawling and can’t even walk under the load of these Anti-common people and Pro 1% Rich policies.
Today America has 50 mil people on Food Stamps, 20 mil unemployed, 30 mil under-employed, 16 mil children facing hunger, 1.5 mil homeless youth and 70 mil with no health insurance. Above all $16 Trillion external debts, $4 Trillion state government debt and $175 Trillion in unfunded liabilities. Today if you sell every American’s assets the total that can be realized is $78 trillion!
DISTRIBUTION OF WEALTH IN AMERICA UNDER PRO RICH ECONOMIC POLICIES
Bottom 50% owns 2.5% of the Nations Assets, 40% owns 26%, Assets, 9% owns 37.8% assets and top 1% owns 33.7%. In other words top 10% owns 41.5% of US assets.
The six heirs to the Walmart fortune are worth as much as nearly half of all American households. The Walton family was worth $89.5 billion in 2010, the same as the bottom 41.5 percent of U.S. families combined, according to Josh Bivens of the Economic Policy Institute. That's 48.8 million American households in total.
SHRINKING WORKERS WAGES & RISING CEO SALARIES
Workers wages in USA has Dropped 14.4% SINCE 1945 and on the other hand CEO salaries has gone up by 1400% in the same period.
30% employed in private sector of America are making less than $10/hour in other words not making “LIVING WAGES”. The National Minimum wage has lost 30 percent of its purchasing power since 1968 as per NFLP report.
A TYPICAL WALLMART STORE EMPLOYS 350 PEOPLE
Out of that 320 are min. wage earners or $10/hr earner.
10 are managers and 20 are Supervisors.
98% of the stuff sold in Walmart is Made in China.
The minimum wage earners in America are not making the "Living Wages" that can take care of their families. That is the reason they are on Food Stamps and other welfare schemes run by Federal & state governments.
In America 30% of the jobs in Private Sector are paying $10/hr that can not provide sustainability to a family. So these earners are not making "Living Wages"; they need assistance to survive.
If India wants to give a bost to Chinese Economy & bost in the number of employed people on Welfare THEN THEY SHOULD WELCOME WALMART & ITS COUNTERPART FROM AROUND THE WORLD.
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