I just finished reading an article on Bloomberg’s website that has me spitting nails. Pissed off. Urked.
The World’s Wealthiest Family Gets $4 Million Richer Every Hour —The 25 wealthiest dynasties on the planet control $1.4 trillion.
The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day.
That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families.
At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the U.S. would’ve made about 6 cents in that time, on the way to an $11 hourly minimum.
Even in this era of extreme wealth and brutal inequality, the contrast is jarring. The heirs of Sam Walton, Walmart’s notoriously frugal founder, are amassing wealth on a near-unprecedented scale — and they’re hardly alone. — Bloomberg article
How is this ok?
I was always taught by my parents that the “world doesn’t owe you anything — just for being born.” I wonder, had I been born into a wealthy family, would the lesson have been the same? I doubt it.
What my parents worked to teach me was humility. If some quirk of the universe occurred tomorrow and I acquired immeasurable wealth, I cannot imagine going to sleep at night with the knowledge of what is happening to my country while billions poured in — just for me.
I simply cannot wrap my brain around this. I have been reaching upwards just hoping to one day reach the middle class, perhaps have a little health insurance, not have to worry about choosing between gas in the car or groceries.
We make sacrifices because this is our situation.
For all the sacrifice I made working as a single mother and putting myself through a four year degree ended with me here — unemployed, struggling with some health issues, and depending on my boyfriend financially — and reading online about wealthy families that are making more per hour than I have made in the entire 46 years of my life.
The last job I managed to compete myself into offered me 8.50 an hour. How is this a living wage for anyone?
Seriously? How can anyone “work” their way out of poverty when the opportunities available to them aren’t life-changing opportunities? People don’t want handouts — they want a fair shot!
How is it fair that some families seem to be born into wealth and it just grows and grows — while people who work hard and struggle can barely keep the lights on? How is that level of wealth even accumulated if their workers are being paid fairly?
They accumulate and accumulate wealth and I am praying my Medium income next month will be enough for me to pay the 73.00 overdue payment from 2 years ago to the YMCA.
This is NOT about whether or not people are willing to work. It is not about who is more deserving. It is about wealth, power, luck, and the greed that keeps it all going.
The laws that give the wealthy their tax breaks are made by the same people who late-fee the poor to death.
We are rats in a wheel. The wheel empowers the wealthy.
Ugh. I guess I am venting. Forgive me. If someone can please explain this imbalance of wealth and power to me —
— my parents left out the part about no matter how hard I will ever work, I will always be poor…at least I can try to hold onto my dignity.
Christina Ward is a gifted poet — but it doesn’t pay much. It probably does require more talent than that 8.50/hr job.
Will poem for pennies! 🙋♀️