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Editorial credit: Tupungato /

Wal-Mart is a favorite target of socialists as four heirs hold nearly half of the over $200 billion equity value.

The founder was able to build the business on expanding revenues without selling most of the stock, the usual path for a publicly held corporation. There are 4,000 actively traded corporations of the 19,000 stock companies in the United States. Walmart is unusually successful. The disdain liberals have for success is irrational.

Wal-Mart Stores, Inc. is an SEC registered, joint-stock company. As of March 2017 it had 3,292,377,090 outstanding shares. They are held by the Walton family, institutions and funds, many of which are retirement investments, insurance company reserves guaranteeing benefits.

• 43.00% (1,415,891,131): Walton Enterprises LLC
• 5.30% (174,563,205): Walton Family Holdings Trust[195] • 3.32% (102,036,399): The Vanguard Group, Inc
• 2.37% (72,714,226): State Street Corporation
• 1.37% (42,171,892): BlackRock Institutional Trust Company
• 0.94% (28,831,721): Vanguard Total Stock Market Index Fund
• 0.77% (23,614,578): BlackRock Fund Advisors
• 0.71% (21,769,126): Dodge & Cox Inc
• 0.68% (20,978,727): Vanguard 500 Index Fund
• 0.65% (20,125,838): Bank of America Corporation
• 0.57% (17,571,058): Bank of New York Mellon Corporation
• 0.57% (17,556,128): Northern Trust Corporation
• 0.55% (16,818,165): Vanguard Institutional Index Fund
• 0.55% (16,800,850): State Farm Mutual Automobile Insurance Co
• 0.52% (15,989,827): SPDR S&P 500 ETF Trust

There are four heirs to the Walton fortune of $400 billion, or $100 billion each.

Socialist critics say the Walton heirs are an example of the injustice of capitalism and all such money should be taken from the Walton heirs as well anyone inheriting such wealth. We doubt that would include the Kennedys and they ignore that the vast majority of stock companies that have sold every share to fund the business and the shareholders own the business.

When asked what they would do to prevent such inequities socialists suggest confiscatory taxes for income over set maximum figures ranging wildly, but in today’s Bernanke Bucks ballooned economy they would most likely agree $50,000 would be an acceptable limit and anything above it is confiscated.

During the first Presidential campaign of William Jefferson Clinton, who gave North Korea nuclear reactors to make plutonium for bombs, had a friend, and confidant without a blue dress, Robert B. Reich, who did a weekly five minute segment on National Public Radio maintaining said we would not have a national debt if we took all excess money from rich people. Dr. Reich did not, or could not, do the math as such funds have been a small fraction of the annual federal deficit for all years since FDR. Nonetheless, many nations are run with such ideas.

The list of failed socialist states is long. It includes: East Germany, the Soviet Union, North Korea, Cuba, Guatemala, Nicaragua, Venezuela and several African countries. There will be more as socialism has great appeal to young people who believe “Everything can be free,” but are taking as truth a message from people who want only to gather power in their hands.

Youth is the time of creation and invention. In physics and mathematics the earthshakers, like Albert Einstein, peak at age 25. The young don’t know “You can’t do that!” They do it! Young men dream; the prospect of great wealth drives them. Dreams are what made America the great engine of invention it has been. We produce about four million new people per year. These are the real dreamers when they know the opportunity in capitalism.

Take away dreams of wealth for inventions, discoveries and innovations and creativity fades away as it has in every socialist country. Success in them is the product of who you please, not what you do. How long will it take our political left to learn?

Their leaders know. Socialism and Fascism are the same thing; concentrating power in authoritarian cults. Capitalism is the only system rewarding dreams of those who dare to bring them to life.

The opinions expressed in this commentary are solely those of the author and are not not necessarily either shared or endorsed by

Adrian Vance

Trained as a science teacher, with eight years classroom experience, he has been writing professionally since the age of 15. He was the youngest person to be published in Journal of the Illinois Academy of Science at 17 as a result of a paper he wrote suggesting a revision in the science teaching curriculum. Publication was accidental as his teacher headed the selection committee and his paper was sent to the printer in error. Nonetheless, it received positive response. It proposed teaching General Science, then Physics followed by Chemistry with Biology in the senior year given the then new molecular focus in Biology. During his college years he worked on the school newspaper, primarily as a photographer and did an occasional feature, some of which caused him to be called to the Dean's office. "You don't like the way we do things here?" was the usual opening remark followed by the expected suggestion. After his third year, exhausted and without direction, he left for one year, but returned, when Sputnik and Admiral Rickover's books documented a crisis in American education. He felt called to teach and completed a B.S. in Physical Science at Illinois State University with a major in chemistry, minor in biology, near minors physics and education. He did graduate work in both Illinois and California completing a California Life Diploma teaching credential in 1962. While teaching he saw many needs and opportunities in educational publishing so he wrote and produced educational materials, primarily filmstrips and sound recordings. He also wrote for photographic magazines as film work put him in touch with many photographic and production problems. He has 325 screen credits in educational, industrial film and filmstrip as a writer-producer. In 1976 he won the Learning Magazine “Best of the Year” award for his “You in the Universe” filmstrip series and the New York Film and Television Festival Silver Medal for “An Introduction to Cells” filmstrip series. For a partial database of Adrian’s publications please click on and you will see them listed by series title and publisher. Each series title included four to 30 filmstrips and all are not fully listed in this database. The grand total is over 800. Over that 30 years Mr. Vance also wrote other material: two books, published in New York: “UFO’s: The Eye and the Camera” for Barlenmir House and “Audiovisual Production” for Amphoto Books. He wrote and illustrated over 100 features and columns for photography magazines. He was a Founding Contributing Editor for Peterson's PhotoGraphic Magazine and the West Coast Editor of Popular Photography from 1974 to 1978, writing a monthly column for the magazine. As a result of underwater photography work he contributed to SKIN DIVER magazine in the 70's. His "Timing Waves to Enter The Sea" article, first appearing in SKIN DIVER, is now a chapter in a classified U.S. Navy Seals training manual. "UFO's, The Eye and the Camera" documents his "Two channel information theory for the analysis of events simultaneously seen and photographed." It is the first comparative analysis of vision and photography written with the idea of combining information from both sources into a single analysis that can be used scientifically and forensically. Mr. Vance is also credited with solving the mystery of how complete maps of Earth were drawn in antiquity and he rediscovered Captain Cook's secret method of locating Pacific islands so well their positions have only recently been improved. He is cited with discovering the method in the seventh edition of "The Maps of the Ancient Sea Kings," by Dr. Charles Hapgood and he later contributed to a definitive article on cartography in antiquity for The Smithsonian Magazine as they confirmed his method. On February 19, 1976 Mr. Vance got a “Certificate of Appreciation” award from the Los Angeles Police Department “in grateful recognition of his generosity in make available to officers of this Department the talents and training of his German Shepherd, Boris. The ready willingness of Mr. Adrian Vance to become involved and to make available his valuable dog in a potentially hazardous situation deserves the gratitude and approbation of the entire Los Angeles Police Department.” This incident was critical to the LAPD administration’s realization that trained dogs could be of value in police work and they are now employed by the LAPD. When the computer replaced film the school market audio-visual field he switched horses at full gallop and produced 460 computer educational disk systems for the Apple II computer over 15 years. During that time he became a professional broadcaster in the 90's to promote the State Water bond issue in Santa Barbara, California as he felt it was critical for the town. He was publicly credited for having been one of the top ten reasons the measure passed thanks to his book “Drought in Paradise” and radio work. The collapse of his software business when Apple Computer discontinued the "II" machine line in 1995 crystallized the failure of his second marriage. With no clear direction in the school market supplemental materials field he sought a career in broadcasting in Las Vegas, Nevada doing shows on both KDWN and KXNT. This was unsatisfying due to the "star" economics of commercial radio where a few performers make millions and everyone else starves. Mr. Vance has also been a day trader, strategist, system developer and author on the equities markets and trading. He now trades stock, land and develops residential property. His website and trading information service, "The Stock Surfer" was a leading Internet service for seven years. He has been developing “The Young Americans” series of Young Adult novels promoting conservative values as well as his personal memoir, “A Long Way From Normal.” You can buy Adrian Vance’ books or downloads at December 21, 2010 he was awarded US. Patent 7,855,061 for his “Fuel Farm” that makes a gasoline equivalent 100 Octane fuel, butanol, from CO2, water and sunlight with algae and bacteria. You can see the full disclosure websites regarding his inventions at: and -30-


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