Transcripts for CNN The Seventies 20150612 02:24:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
it s not one manager here or there, it s in the dna of the company. it s built into the waltons, the walton family, which makes $8 million a day without working, unlike martha. they re not working for the money. and that s an important point to make. we have to support people like martha, keep organizing and keep calling out what they are doing and how they are doing it. fortunately, the law is beginning to work in favor of those who are doing the right things. this is one of the reasons why lamar alexander from tennessee, when they get the majority in the senate, they want to get rid of the national labor relations board. if that were to happen, what avenue do these workers have? well, they will have the avenue of protests, of economic pressure, of continuing to organize in different ways. but obviously, ed, that would be a tragedy and something that we will work and try and fight
the combined wealth of the bottom 40% of american families, despite that fact, they do not seem to care much for charity. a new study finds the four heirs to the family fortune have given almost none of their riches to the family s own charitable foundation. take a look at this chart. the kbrel low line shows the dividends payed to walmart heirs in billions. the blue line, the one sitting above zero, tracks their contributions to the walton family foundation. the four heirs over their entire lifetime have given less than $16 million to the foundation which equates to less than .4% of their wealth. the report compares the walton s charitable giving do that of warren buffett who has donated nearly 27% of his wealth of charity and bill gates who has donated 36. the waltons have given just a fraction of what the average middle class earner donates which is 6% of his or her disposable income. the report was paid for by labor
passed it when they had the power, david k. johnson, what would this have done to the economy? oh, it would have improved the economy greatly. one of the fundamental problems we have is that workers have no bargaining you power, as individuals and when all these people are out of work. and this is being ruthlessly exploited by the walton family who are the wealthiest family in america. their whole fortune is well north of $100 billion. you ve heard me say before, if you believe in market economics, you should believe in unions. just read the supreme court definition of market economics and you should believe in unions. robert greenwalt, do you think they will ever change their ways? since the demonstrations have been out in some of these city, have you seen them move on the wage chart at all? they have barely moved on the wage chart. but it s a fight that needs to be had as you said before. they re a huge employer. we have the waltons, we have the koch brothers.
about republican replacement plans, they are asking for the american people to judge them on exactly what happens to cancelee insurance plans in the future when they propose them. le all right. thank you, panel. see you next week. up next, our power player of thn week. the waltons john boy all grown up and taking on the role of the president. john boy all grown up and taking on role of the president. [ male announcer ] nearly 7 million clients. how did edward jones get so big? t me just put this away. could you teach our kids that trick? [ male announcer ] by not acting that way. it s how edward jones makes sense of investing. you are about to become very popular. because when you buy the new samsung galaxy s5 on verizon,