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Started By
Message
85 people have as much wealth as bottom half of world
Posted on 1/21/14 at 6:01 am
Posted on 1/21/14 at 6:01 am
(no message)
This post was edited on 1/27/14 at 12:42 am
14
Posted on 1/21/14 at 6:07 am to bigblake
What was it 50 years ago, 100, 200?
Poverty decreases sharply in developing world
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Poverty decreases sharply in developing world
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. https://www.ft.com/cms/s/0/6d7a1c52-8cc5-11e2-8ee0-00144feabdc0.html#ixzz2r2AOZnPt
quote:
Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction, according to a United Nations report published on Thursday.
“Never in history have the living conditions and prospects of so many people changed so dramatically and so fast,” concludes the UN’s latest Development Report. “The world is witnessing an epochal ‘global rebalancing’.”
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quote:
Partly as a result, the report found that worldwide extreme income poverty has plunged from 43 per cent in 1990 to just 22 per cent in 2008, including more than 500m being lifted out of poverty in China alone.
Posted on 1/21/14 at 6:23 am to bigblake
So?
Communism/Socialism = very little "wealth" for the people living under those systems. I suspect a great part of that "half" is in that situation.
Communism/Socialism = very little "wealth" for the people living under those systems. I suspect a great part of that "half" is in that situation.
Posted on 1/21/14 at 6:44 am to udtiger
(no message)
This post was edited on 1/27/14 at 12:42 am
Posted on 1/21/14 at 6:52 am to bigblake
Someone find Robin Hood.
Posted on 1/21/14 at 7:00 am to themunch
They could at least name the 85. We can chop off their heads and take their money.
Posted on 1/21/14 at 7:01 am to wickowick
quote:
Up to 80 per cent of the world’s middle classes will live in developing countries by 2030 thanks to surprising recent gains in poverty reduction
i love how the gains are surprising...only b/c they follow decreasing socialist policies and increasing capitalist policies
i heard a stat on a podcast recently where i think 50k families in india every week (may be month) are emerging out of poverty into the lower middle class
Posted on 1/21/14 at 7:03 am to udtiger
quote:
So?
oh come on, you know what must be done
Let's vote in some government to confiscate it from them.
Posted on 1/21/14 at 7:10 am to bigblake
Envy and greed on your part are things I give not one shite about so don't think about crying on my shoulder to get a dose of sympathy.
Posted on 1/21/14 at 8:00 am to bigblake
And they probably give away more money to charity than the bottom half own
So good for them
So good for them
Posted on 1/21/14 at 8:06 am to bigblake
A suggestion for you to not make them wealthier, stop buying products made by corporations they control. Bill Gates and Warren Buffett will be definitely butt hurt about losing your chump change at the checkout lines. The royal families will abdicate the thrones they occupy just to make you happy.
Posted on 1/21/14 at 8:49 am to CITWTT
It doesnt take having much to have more wealth than most of the world. Alot of extremely poor people out there.
This post was edited on 1/21/14 at 8:51 am
Posted on 1/21/14 at 8:56 am to bigblake
quote:
I probably own as much wealth as the bottom 1,000,000 in the US because many of those have negative wealth.
So you're saying you're in a massive amount of debt?
Posted on 1/21/14 at 9:00 am to bigblake
So.....
Posted on 1/21/14 at 9:01 am to bigblake
quote:
85 people have as much wealth as bottom half of world
So if you divided up the wealth and spread it around how much would it be?
Well doing some simple math it would be about 31000 dollars per person if you completely stripped the wealthiest 1%, what do you believe would do more for the planet, giving 31000 dollars each to the most ignorant people on the planet or leave it to the people who produced it?
This post was edited on 1/21/14 at 9:05 am
Posted on 1/21/14 at 9:15 am to Strannix
quote:
So if you divided up the wealth and spread it around how much would it be?
Well doing some simple math it would be about 31000 dollars per person if you completely stripped the wealthiest 1%, what do you believe would do more for the planet, giving 31000 dollars each to the most ignorant people on the planet or leave it to the people who produced it?
And it would be a one shot deal, anyone that was smart enough to accumulate some wealth only to have it confiscated would be smart enough to not let it happen again.
Posted on 1/21/14 at 9:19 am to EA6B
quote:
And it would be a one shot deal, anyone that was smart enough to accumulate some wealth only to have it confiscated would be smart enough to not let it happen again.
And in 5 years the 1% would have most of it back anyway, wealth inequality will improve when the poor and uneducated quit reproducing at an exponential rate compared to the educated.
This post was edited on 1/21/14 at 9:22 am
Posted on 1/21/14 at 9:32 am to bigblake
the author had a chance to write a real good column but slanted it a little too much toward base political philosophy and class warfare, but there were some key points in the article that everyone should pay attention to, specifically...
quote:
It is not so much that the supply-side principle "if you build it, they will come" is no longer true. It is more that we appear to have passed a tipping point, where so much wealth has been concentrated at the top, they no longer need bother to "build" anything. In short, it has become more economically efficient to buy countries' economic policy than to create value in order to sell it on. If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?
Posted on 1/21/14 at 9:34 am to Strannix
quote:
And in 5 years the 1% would have most of it back anyway
People always say this but there is a certain degree of good fortune in accumulating massive amounts of wealth
The 1% would certainly fare very well but to act as if the money would all wind up in the same hands is just silly
Posted on 1/21/14 at 9:42 am to ForeLSU
quote:The solution here would seem obvious.
If one can control government to favour the richest, while raising barriers for new entrants, thus increasing their share of the pie exponentially, what is the incentive to grow the pie?
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