Income of Richest 100 Enough to End Global Poverty Four Times Over

[georgephillip]

Ahead of the global elite meeting in Davos next week, Oxfam is asking the rich to remember the fact that "...political equality is meaningless in the face of economic inequality."

"The 100 richest people in the world earned enough last year to end extreme poverty suffered by the poorest on the planet four times over, Oxfam has said.

"Ahead of next week's World Economic Forum in Switzerland, the charity urged world leaders to tackle inequality.

"Extreme wealth was 'economically inefficient, politically corrosive, socially divisive', the report said.

"The global economic system required reform so that it worked 'in the interests of the whole of humanity'".

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

 

[tjvh]

Let them eat cake...

 

[georgephillip]

How about closing global tax havens?

 

[PredFan]

The poor poor pitiful poor...

ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzz............................

 

[SteadyMercury]

The 100 richest people in the world earned enough last year to end extreme poverty suffered by the poorest on the planet four times over

Yeah right, go watch one of those shows about people who won the lottery and where they are today.

 

[boedicca]

And when it's all gone and the productive sector of the economy is destroyed, then what?

 

[Wry Catcher]

Let them eat cake...

That sentiment worked out so well, didn't it.

This maybe a bit too abstract for you, but consider the little worm who slithered his way across the rail road tracks only to have a train cut off his tail. Distraught, the little worm slithered back to get his tail and another train cut off his head.

The moral of the story is one shouldn't lose their head over a little bit of tail.

 

[LogikAndReazon]

Coerced Equality of outcomes for all ! Socialists unite for the myth of fairness !

 

[georgephillip]

The poor poor pitiful poor...

ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzz............................

"The richest one per cent of the world's population had increased its income by 60% in the last 20 years, Oxfam said."

Think that's sustainable?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

 

[Skull Pilot]

If you divided all the money in the world equally among the hoi polloi, I guarantee you that in less than a decade the proportion of rich to poor would be nearly the same as it is today.

 

[georgephillip]

The 100 richest people in the world earned enough last year to end extreme poverty suffered by the poorest on the planet four times over

Yeah right, go watch one of those shows about people who won the lottery and where they are today.

Where are they?
Did they move to the Caymans?
What percentage of their earnings did they pay in taxes?

 

[RetiredGySgt]

Ahead of the global elite meeting in Davos next week, Oxfam is asking the rich to remember the fact that "...political equality is meaningless in the face of economic inequality."

"The 100 richest people in the world earned enough last year to end extreme poverty suffered by the poorest on the planet four times over, Oxfam has said.

"Ahead of next week's World Economic Forum in Switzerland, the charity urged world leaders to tackle inequality.

"Extreme wealth was 'economically inefficient, politically corrosive, socially divisive', the report said.

"The global economic system required reform so that it worked 'in the interests of the whole of humanity'".

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

Ya, give me what you have. Sounds fair alright. Moron.

 

[georgephillip]

And when it's all gone and the productive sector of the economy is destroyed, then what?

"Productive sector of the economy?"
Would that be Goldman Sachs or Citi?

Would you think the following three suggestions from Oxfam would destroy the global economy?

"Closure of tax havens around the world
A reversal of 'the trend towards more regressive forms of taxation'
A global minimum corporation tax rate"

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

 

[tjvh]

Let them eat cake...

That sentiment worked out so well, didn't it.

This maybe a bit too abstract for you, but consider the little worm who slithered his way across the rail road tracks only to have a train cut off his tail. Distraught, the little worm slithered back to get his tail and another train cut off his head.

The moral of the story is one shouldn't lose their head over a little bit of tail.

Wow... You read all that into my one liner? You are quite adept at putting words in people's mouths, aren't you. Maybe if you were more selective about what you stick in your own mouth you wouldn't concern yourself so much with sticking words into the mouths of others... But perhaps my retort is a little too abstract for you.

 

[georgephillip]

Ahead of the global elite meeting in Davos next week, Oxfam is asking the rich to remember the fact that "...political equality is meaningless in the face of economic inequality."

"The 100 richest people in the world earned enough last year to end extreme poverty suffered by the poorest on the planet four times over, Oxfam has said.

"Ahead of next week's World Economic Forum in Switzerland, the charity urged world leaders to tackle inequality.

"Extreme wealth was 'economically inefficient, politically corrosive, socially divisive', the report said.

"The global economic system required reform so that it worked 'in the interests of the whole of humanity'".

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

Ya, give me what you have. Sounds fair alright. Moron.

"It reported that while the world's 100 richest people enjoyed a net income of $240bn (£150bn) last year, people in 'extreme poverty' lived on less than $1.25 (78p) a day."

Think the greedy 100 "earned" that level of income, Einstein?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

 

[PredFan]

The poor poor pitiful poor...

ZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzz............................

"The richest one per cent of the world's population had increased its income by 60% in the last 20 years, Oxfam said."

Think that's sustainable?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders

Yes, why wouldn't it be?

Wealth is not finite. That is the mistake that socialists and left wing nuts make. They assumethat wealth is finite and that if someone else is rich that means that 1, they can't be rich themselves, or 2, the rich guy took it from me.

 

[PredFan]

If you divided all the money in the world equally among the hoi polloi, I guarantee you that in less than a decade the proportion of rich to poor would be nearly the same as it is today.

You arer exactly correct.

The rich are rich because they continually do the things that made them rich, the poor are poor because they continually do the things than made them poor.

 

[Wry Catcher]

Coerced Equality of outcomes for all ! Socialists unite for the myth of fairness !

Is your ignorance willful, or were you dropped on your head numerous times?

 

[Wry Catcher]

If you divided all the money in the world equally among the hoi polloi, I guarantee you that in less than a decade the proportion of rich to poor would be nearly the same as it is today.

You arer exactly correct.

The rich are rich because they continually do the things that made them rich, the poor are poor because they continually do the things than made them poor.

Both comments are ridiculous.

 

[PredFan]

If you divided all the money in the world equally among the hoi polloi, I guarantee you that in less than a decade the proportion of rich to poor would be nearly the same as it is today.

You arer exactly correct.

The rich are rich because they continually do the things that made them rich, the poor are poor because they continually do the things than made them poor.

Both comments are ridiculous.

You disagree. Meh, color me not surprised.