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

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.
What's your guarantee based on?
If you're assuming a government that functions for the benefit of the richest 1% at the expense of the 99%, how do elites among the hoi polloi manage to steal 25% of the income in a single decade?
 
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.
Total national income is a finite number representing the total income earned by all workers in a particular economy. One percent of workers increasing their share of total income by 60% over two decades means that 1) the rich guys bribed governments for favorable tax and trade policies that 2) guaranteed poverty for billions of other human beings.
 
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

Hmm, the last 20 years.....hmmm
My income is up 400%+ in the last 20 years. I'm gaining on them.
"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."

Which group are you closest to?
 
Coerced Equality of outcomes for all ! Socialists unite for the myth of fairness !
Why do you suppose Capitalists oppose equality of opportunity?

"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."

Because 100 people will never "earn" $2.4 billion a year?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders
Opinion, unsupported by evidence.
 
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.
What's your guarantee based on?
If you're assuming a government that functions for the benefit of the richest 1% at the expense of the 99%, how do elites among the hoi polloi manage to steal 25% of the income in a single decade?

Again, opinion unsupported by evidence.
 
"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

Hmm, the last 20 years.....hmmm
My income is up 400%+ in the last 20 years. I'm gaining on them.
"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."

Which group are you closest to?

Quick analysis says the rich.
 
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.
What's your guarantee based on?
If you're assuming a government that functions for the benefit of the richest 1% at the expense of the 99%, how do elites among the hoi polloi manage to steal 25% of the income in a single decade?

It has nothing to do with government and everything to do with human nature
 
Coerced Equality of outcomes for all ! Socialists unite for the myth of fairness !
Why do you suppose Capitalists oppose equality of opportunity?

"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."

Because 100 people will never "earn" $2.4 billion a year?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders
Opinion, unsupported by evidence.
Do you have any "evidence" that capitalists who support the level of income inequality revealed in Oxfam's study support equal opportunity?

What "evidence" would you accept as proof of my opinion?
 
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.

I don't think anyone wants to just divide it up. What we want is for jobs to pay a living wage. For the rich to employe them. Benefits for all. What we have now is the elite few hording the wealth. It's not helping anyone, not even them. Spread it around and the start to that is a law requiring a living wage for all employees everywhere. And yeah, the money comes from the rich. Eventually everything will even out. Yeah, there will still be rich, but they won't be quite so much wealthier than everyone else and no one will be starving or begging.
 
Why do you suppose Capitalists oppose equality of opportunity?

"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."

Because 100 people will never "earn" $2.4 billion a year?

BBC News - Oxfam seeks 'new deal' on inequality from world leaders
Opinion, unsupported by evidence.
Do you have any "evidence" that capitalists who support the level of income inequality revealed in Oxfam's study support equal opportunity?

What "evidence" would you accept as proof of my opinion?

The claim that was made was yours. Prove it. Use facts to support it.
 
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.
What's your guarantee based on?
If you're assuming a government that functions for the benefit of the richest 1% at the expense of the 99%, how do elites among the hoi polloi manage to steal 25% of the income in a single decade?

It has nothing to do with government and everything to do with human nature
"Human nature refers to the distinguishing characteristics, including ways of thinking, feeling and acting, that humans tend to have naturally, i.e. independently of the influence of culture."

Greed, hoarding, and theft don't seem like traits likely to sustain humanity in the long run.

A small minority of humans over the past few hundred years have discovered how to leverage the power of all governments into vast private fortunes for themselves. Any government that actually based its laws on one person one vote could change that.

Human nature - Wikipedia, the free encyclopedia
 
"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.
Total national income is a finite number representing the total income earned by all workers in a particular economy. One percent of workers increasing their share of total income by 60% over two decades means that 1) the rich guys bribed governments for favorable tax and trade policies that 2) guaranteed poverty for billions of other human beings.

I didn't say that the national income wasn't finite. I said wealth is not finite. Our system, our economy, isn't closed. You are talking about an imaginary number. I'm talking about reality.
 
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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.

I don't think anyone wants to just divide it up. What we want is for jobs to pay a living wage. For the rich to employe them. Benefits for all. What we have now is the elite few hording the wealth. It's not helping anyone, not even them. Spread it around and the start to that is a law requiring a living wage for all employees everywhere. And yeah, the money comes from the rich. Eventually everything will even out. Yeah, there will still be rich, but they won't be quite so much wealthier than everyone else and no one will be starving or begging.

Again stated from the false assumption that weath is finite. it is not. Instead of demanding some of theirs, earn yours.
 
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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.
Total national income is a finite number representing the total income earned by all workers in a particular economy. One percent of workers increasing their share of total income by 60% over two decades means that 1) the rich guys bribed governments for favorable tax and trade policies that 2) guaranteed poverty for billions of other human beings.

I didn't say that the national income wasn't finite. I said wealth is not finite. Our system, our economy, isn't closed. You are talking about an imaginary number. I'm talking about reality.
If we're talking about income as a stream flowing into a national reservoir called wealth, all I'm saying is that over the last several decades 1% of the population has bribed Republicans AND Democrats for tax policies shifting the burden of taxation from FIRE sector incomes to labor and consumers.

Gains from using government to inflict your share of taxation upon others, along with "deregulation" initiatives like the repeal of Glass-Steagall, explains why the richest 1% of the world's population increased its income by 60% in the last 20 years.

Have they earned that increase?
 
What's your guarantee based on?
If you're assuming a government that functions for the benefit of the richest 1% at the expense of the 99%, how do elites among the hoi polloi manage to steal 25% of the income in a single decade?

It has nothing to do with government and everything to do with human nature
"Human nature refers to the distinguishing characteristics, including ways of thinking, feeling and acting, that humans tend to have naturally, i.e. independently of the influence of culture."

Greed, hoarding, and theft don't seem like traits likely to sustain humanity in the long run.

A small minority of humans over the past few hundred years have discovered how to leverage the power of all governments into vast private fortunes for themselves. Any government that actually based its laws on one person one vote could change that.

Human nature - Wikipedia, the free encyclopedia

I'm talking about human nature after all the money gets divided up evenly.

Most people will blow it and then wonder where it all went.

Just like they do now.

Human nature.
 

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