Richest 85 people worth more than bottom half of all 7B of us

bradly1101

Diamond Member
May 5, 2013
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I think these statistics are staggering.

http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/

  • Almost half of the world’s wealth is now owned by just one percent of the population.
  • The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
  • The bottom half of the world’s population owns the same as the richest 85 people in the world.
  • Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
  • The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
  • In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.

With poverty comes crime, pain, suffering... We've got to change this.
 

OCGuy

Lifer
Jul 12, 2000
27,224
37
91
Heal the world
Make it a better place
For you and for me
and the entire human race
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
Opinions vary OP

D:

In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.

This is what happens when the top 'job creators' become 'job exporters' and ship out the good paying, wealth building jobs and replace them with low wage McService jobs. Would you like fries with this post?
 
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zerocool84

Lifer
Nov 11, 2004
36,041
472
126
That's just how it is and it's going to get worse. There's nothing the average person can do other than become one of them. You can't just take away their money and distribute it to everyone else.
 
Nov 29, 2006
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That's just how it is and it's going to get worse. There's nothing the average person can do other than become one of them. You can't just take away their money and distribute it to everyone else.

Well if history has anything to say about it, they will have their heads on pikes soon enough when the revolution happens. People never seem to learn from history.
 

phucheneh

Diamond Member
Jun 30, 2012
7,306
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0
Insert ATOT's crowd of walking stereotypes: LOL u mad bro?

It's amusing how they are 'optimists' in the worst kind of way. 'Most of those poor people being talked about are really poor. I'm only poor when you compare me to a rich person. I'm actually way richer than those goddamn starving pieces of shit in Africa. Cry moar.'
 

destrekor

Lifer
Nov 18, 2005
28,799
359
126
Well if history has anything to say about it, they will have their heads on pikes soon enough when the revolution happens. People never seem to learn from history.

Honestly, the way it is going now, I truly do not expect the "good times" to last more than another century or two.

World communication has spread the idea, and actual execution, of revolutions around the world in record time. Massive groups at least temporarily cooperate and successfully coordinate, though sometimes extremely loosely: communication cannot displace the need for leaders with strong dictation skills, it can only lessen the requirement to start the initial movement and make the leader's job that much easier.

This means that the more inequality spreads, the worse the separation between lower-class and upper-class becomes, and the more the middle-class fades away completely in those countries where it does [did] exist, more people will take to the internet to have their voice heard. When enough people are pissed off and motivated enough by those who can rile them up to take action, people start taking to the streets.

In this day and age, protests are becoming less and less successful about changing anything, and are also becoming breeding grounds for the kind of violence that sparks a fire under a nation of angered citizens to finally announce their support.

Sometimes, people of wealth and power actually encourage and fund some aggression. It hasn't happened in the developed world, but that's only because we still have that "developed world" appearance.

If someone of import somewhere gets assassinated, politicians held hostage, or nearly anything that, for whatever reason, just so happens to be the "right place, right time", entire nations can be driven to war. Our desire (any developed State) to follow some of the petulant nations into war has seriously waned over the past few decades, especially as the global economy perpetually wanders around, blindly, near the brink.
That said, with enough fuel, the most inane event has often thrown the world into chaos. As economies collapse, natural disasters worsen, populations continue to grow, and the inequalities of classes blow up, I don't expect we, as a global civilization, will escape unscathed.

Hopefully, whatever happens, the result IS a more unified global civilization, hopefully with a stronger central regulatory body, if not a full legal government.
 

bradly1101

Diamond Member
May 5, 2013
4,689
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www.bradlygsmith.org
Opinions vary OP

D:



This is what happens when the top 'job creators' become 'job exporters' and ship out the good paying, wealth building jobs and replace them with low wage McService jobs. Would you like fries with this post?

Yes imagine if all those iPhones, iPads, Kindles, Dells, etc. ('American' brands) were made here. We'd have the jobs but the prices would be in the stratosphere to support our relatively high standard of living.

Competing on the world stage with 'emerging markets' brings down the average wage, hence the McJob. I guess we have 'emerged'. :\
 
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bradly1101

Diamond Member
May 5, 2013
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www.bradlygsmith.org
As economies collapse, natural disasters worsen, populations continue to grow, and the inequalities of classes blow up, I don't expect we, as a global civilization, will escape unscathed.



I remember my Aunt Susie's answer to why she didn't want children, "Because I wouldn't want to raise a child in this world." Vietnam was the war and racism and civil rights were coming to a head. Overpopulation was entering the lexicon.

Since the inventions of irrigation and the plow we have been cheating this planet into supporting more of us than it would have naturally. I truly don't understand how the poorest would want to bring a child into their world. Catholicism (and other religious norms)? We seem doomed with this growth. I'm 51, and I hope I'm out before it all comes down, selfish me.

Hopefully, whatever happens, the result IS a more unified global civilization, hopefully with a stronger central regulatory body, if not a full legal government.
Agreed.
 

John Connor

Lifer
Nov 30, 2012
22,757
618
121
In 1964 we declared a war on poverty. In 1968 13% of Americans were poor. From '68-'80 we increased social welfare payments by 400%. In 1980 13% of Americans were poor. Lets just take more money from the rich. :rolleyes:
 

Engineer

Elite Member
Oct 9, 1999
39,230
701
126
In 1964 we declared a war on poverty. In 1968 13% of Americans were poor. From '68-'80 we increased social welfare payments by 400%. In 1980 13% of Americans were poor. Lets just take more money from the rich. :rolleyes:

You can roll your eyes all you want but the reality is if the 'rich' are going to ship jobs out and not let the wealth trickle down to the masses, that's exactly what will happen more and more.

Stagnant to negative wages were at first offset by lots of debt...of course offered by the 'rich' (banks). Now, that burst and of course, the banks were too big to fail so the banks were bailed out.

Government has tried to offset this loss of income via tax cuts, to the point of zero taxes (federal) for a large chunk of the population and then to top it off, went negative on taxes (earned income credit). It's interesting that a certain party, champion of tax cuts, has been complaining more and more lately about 'broadening the base' so that 'more people pay taxes and have skin in the game'. I guess the law of unintended consequences come to mind here.

What's next? People of all levels are generally greedy and want more. Once they stop getting more via natural ways (jobs), they will look in other ways to get what they want and/or need.

The old cut taxes at the top and let it trickle down just doesn't seem to be doing anything except trickle up, as evidence by the OP. So called 'free trade' has no elements of 'fair trade' and are one way streets to swapping jobs for cheap plastic toys. Currency is manipulated by governments of these countries to keep the US industries at an unfair advantage but that goes largely untalked about.

We can have better jobs with higher prices with many of the issues today (taxes, government debt, welfare, etc) solved or we can continue on the path that we are and it doesn't look promising.
 
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Engineer

Elite Member
Oct 9, 1999
39,230
701
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Is that the reason for the widening gap? Our help for the poor?

An effect of the widening gap, not the cause.

No wonder that this graph is a negative image

fedgraph1.png

(US Workers share of national income)

vs this graph..

Spending%20On%20Food%20Stamp%20Advertising%20And%20Outreach%20Up%20More%20Than%20Six-Fold%20Since%202000.preview.jpg
 
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Rakehellion

Lifer
Jan 15, 2013
12,181
35
91
You can roll your eyes all you want but the reality is if the 'rich' are going to ship jobs out and not let the wealth trickle down to the masses, that's exactly what will happen more and more.

What's wrong with shipping jobs overseas? There are poor people all across the world.

And do you actually believe "trickle-down" works?
 

JMapleton

Diamond Member
Nov 19, 2008
4,179
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81
With poverty comes crime, pain, suffering... We've got to change this.

This has nothing to do with "greed" or unfairness.

This has everything to do with the fact that the majority of the world lives in poverty because of ineffective and corrupt governments.

Those people are not poor because some rich guy in NY stole from them. They are poor because the leaders of their own countries stole from them. This is especially true in places like Africa and SE Asia.

Furthermore, a large percentage of the world are elderly and children, they have limited or no opportunities to acquire wealth.

I'm not saying they deserve to be poor but remember to use those statistics to identify the real problem.
 

StrangerGuy

Diamond Member
May 9, 2004
8,443
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106
Just look at how much of that accumulated wealth gets wasted as mere numbers in a bank account. They still can't do things like going Mars with all that money right now.
 

JMapleton

Diamond Member
Nov 19, 2008
4,179
2
81
Just look at how much of that accumulated wealth gets wasted as mere numbers in a bank account. They still can't do things like going Mars with all that money right now.

When there are people starving, what a monumental waste it would be to spend money to go to Mars. Nothing is more wasteful than the space program. "New technology blah blah" Nonesense. We can discover new technology plenty without actually going anywhere. Just the research itself it what matters.
 

Hayabusa Rider

Admin Emeritus & Elite Member
Jan 26, 2000
50,879
4,268
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So I'll fart in the room.

Chances are that anyone posting here has more wealth in the value of what's used to post here than the bottom half. To the group of poor selected you don't look much different from The 85.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
I think these statistics are staggering.

http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/


[/LIST]

With poverty comes crime, pain, suffering... We've got to change this.

forced birth control for those receiving welfare
ie: birth control injections that last 2-3 months

eliminate the problem b4 it even begins

the current gen is screwed. its about the future.
make it better for the next gen

edit:
why isn't this thrwead in P&N?
 

AViking

Platinum Member
Sep 12, 2013
2,264
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The more interesting numbers are how much we would need to spend to eliminate hunger and poverty.

Hunger: $30 billion per year according to the UN.

Poverty: $175 billion per year for 20 years.

Truth is that people in power have zero interest in solving these problems.

Income inequality has grown to unsustainable records. The middle class is shrinking, the lower class is growing, and eventually people are going to have to do something about it.
 

AViking

Platinum Member
Sep 12, 2013
2,264
1
0
Probably worth noting that our defense budget is over $700 billion per year.

It's really important that we spend lots of money to protect the sheep from the boogeyman.