Forget about the guy at the grocery store using food stamps to buy lobster. Walmart, the world's largest retail company, is even more dependent on government welfare so it can make jaw-droppingly obscene profits.
In this video, Diane Ravitch and I talk about the problem with charter schools being run by billionaires, celebrities and individuals with no experience in education; the fact that taxpayers are increasingly funding religious schools and why hedge-fund managers see education as an emerging market.
Last month, McDonald's gave its workers a little gift -- a budget purporting to show how to survive on the starvation wages the burger behemoth pays. The bizarre financial plan made millionaire McDonald's CEO Don Thompson look like a real clown.
It is the nature of our current economic system that things will concentrate into fewer and fewer hands. When you let the ones with more money win the game and set the rules it is inevitable that they will increasingly set the rules to they always win the game.
It is noteworthy that neither the Democrats nor the Republicans are proposing increases in the estate tax. As always, the latter are putting forth their usual lame arguments for lowering or eliminating it.
The six Waltons, heirs to Walmart founder Sam Walton, not only have a net worth equal to the combined wealth of the bottom 30 percent of Americans, but they also own and control nearly half of Walmart, the world's largest corporation. That's an astounding fact.
Remember Dukes v. Walmart, the case that the Supreme Court threw out because the company claimed it was too big to be sued for sex discrimination. Well, like Freddy Krueger every Halloween, it's ba-a-a-ck.