The Waltons – who became the richest family in the world by inheriting Wal-Mart – are going to make a stealth appearance in the State Of The Union tonight when President Obama discusses his proposals to close tax loopholes that unfairly benefit the ultra-rich.
Yesterday, the U.S. Supreme Court struck down certain limits on individuals’ federal campaign contributions, with a ruling on McCutcheon v. FEC. The Supreme Court declared unconstitutional the cap on the aggregate amount that an individual can give directly to candidates for federal office, federal political action committees, and federal party committees.
For the Walton family, charity does, indeed, seem to begin at home.
This week, the American Legislative Exchange Council (ALEC) is holding its annual meeting in Chicago. Today, thousands gathered outside the meeting to show their opposition to ALEC’s right-wing “model legislation.” Some of those present chose to highlight the ongoing role of the Walmart 1% in ALEC.
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Extremist, anti-woman politicians are at it again in Arkansas. And, once again, they have the support of Walmart billionaire Jim Walton and, in this case, of Walmart itself.
We recently heard an amazing statistic on the Melissa Harris-Perry show about how Black and Latino households lost large percentages of their wealth during the recession. It got us thinking, of course, about how, while that was happening, the Walton Family continued to amass more wealth than any family could ever need.