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The 62 richest people have as much wealth as half the world

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posted on Jan, 18 2016 @ 05:17 AM
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This poster is in regards to Reaganomics, but it applies to wealth accumulation in general.

Click Here.




posted on Jan, 18 2016 @ 05:54 AM
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originally posted by: Eilasvaleleyn
I wonder what would happen if all that wealth was shunted down to the poor and middle class? What effect would it have upon the world?


For the most part, the wealth would quickly disappear. The middle class and poor for the vast majority only know how to consume goods, not how to create and produce. The majority of us are actually brought up to be consumers. For the most part, the formerly wealthy would begin to accumulate wealth again and they'll be back in their previous position within years or decades, barring government interference.



posted on Jan, 18 2016 @ 06:00 AM
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a reply to: TheConstruKctionofLight

Some great articles there, thank you!!

It makes my head want to explode when people call cash/wealth hoarding 'Capitalism'! Capitalism is taking wealth and goods and putting them to work, generating more wealth and value.

Cash hoarding is just another way of saying 'mine is bigger than yours'. It's rather gauche and uncouth and non-intellectual, imho. I would rather have dinner with the retired teacher down the street than Bill Gates any day.



posted on Jan, 18 2016 @ 06:01 AM
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a reply to: TheConstruKctionofLight

And they keep it hidden to protect their money from governments confiscating it and wasting it on wars, corruption, democide, paying back loans to central banks for which the money loaned was created out of thin air and other wasteful projects.



posted on Jan, 18 2016 @ 06:02 AM
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a reply to: Eilasvaleleyn

Ah, but see, Reaganomics does work, IF the people at the top are true Capitalists. Not Accumulationists.

Eta: nice illustration, btw! It does leave me wondering what happens when the top glass gets so heavy, the bottom glasses can no longer support its weight :-)
edit on 18-1-2016 by CantStandIt because: (no reason given)

edit on 18-1-2016 by CantStandIt because: (no reason given)



posted on Jan, 18 2016 @ 06:05 AM
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a reply to: CantStandIt

It's called a plutocracy when money controls government. It's OK when they are good people, not so much if they're greedy sociopaths.



posted on Jan, 18 2016 @ 06:06 AM
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a reply to: masqua

Indeed



posted on Jan, 18 2016 @ 06:08 AM
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a reply to: CantStandIt

"True Capitalism" is as much a myth as "True Socialism/Communism." All three are theoretically good, but are inevitably, inexorably corrupted and abused. Reagonomics might work in an ideal world - but so would anything else.

What happens when the top glass gets too heavy? The French Revolution happens. Again.


edit on 18/1/2016 by Eilasvaleleyn because: Reasons



posted on Jan, 18 2016 @ 06:09 AM
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a reply to: masqua

Alternatively, Oligarchy. (Which is what the US is.) They are quite similar however, I believe. Oligarchic Plutocracy? Plutocratic Oligarchy?



posted on Jan, 18 2016 @ 06:10 AM
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originally posted by: theantediluvian
CNN Money - The 62 richest people have as much wealth as half the world


The world's 62 richest billionaires have as much wealth as the bottom half of the world's population, according to a new report from Oxfam International.

The wealthiest have seen their net worth soar over the five years ending in 2015. Back in 2010, it took 388 mega-rich people to own as much as half the world.

Oxfam released its annual report ahead of the World Economic Forum in the Swiss city of Davos, a yearly gathering of political and financial leaders. The study draws from the Forbes annual list of billionaires and Credit Suisse's Global Wealth Databook.

To help counter inequality, Oxfam is renewing its call for global leaders to crack down on tax havens, where the rich have socked away $7.6 trillion, the group estimates.


Let that sink in for a minute. In 2010, the richest 388 people had as much as the bottom half of the world's population and over the past five years, so much wealth has been amassed at the top that now 62 billionaires at the top have as much wealth as the 3.5 billion people at the bottom. If rumors about Putin's secret fortune are true, that number is actually lower and possibly closer to 50 than 60.

Doesn't seem like a trend that bodes well for the future of the global economy does it?


Honestly time for pitchforks.



posted on Jan, 18 2016 @ 06:12 AM
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a reply to: Xeven

The Pitchforks come out if Sanders loses the election or can't manage to get his stuff passed. Honestly though, this is becoming a massive problem worldwide. A problem we will need to deal with, sooner or later.

The uber rich need to understand this, too. This situation will only last so long. The rage of the heavens is contained within a singular, tiny glass bottle. And when the bottle breaks...

I simply hope it is peaceful, rather than the bloody alternative.
edit on 18/1/2016 by Eilasvaleleyn because: Reasons



posted on Jan, 18 2016 @ 06:12 AM
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a reply to: Eilasvaleleyn

Or, in local parlance, a 'hot mess'



posted on Jan, 18 2016 @ 06:21 AM
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edit on 18-1-2016 by jacygirl because: nvmd



posted on Jan, 18 2016 @ 06:51 AM
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originally posted by: Eilasvaleleyn
a reply to: woodwardjnr

I do envy them, but mostly because I'd actually do some interesting things with the money (read: crazy) rather than using it to make more money and I'd like to see how those things panned out.


If you consumed the capital, you would be doing the same thing that shortsighted real estate and commodity speculators do when they pump capital into bubbles that burst.

You would destroy wealth. That takes resources out of the game and diminishes available resources for advancement.

The only way to make money is to employ money toward ends that consumers dictate. They reward the most efficient means to reduce felt unease by purchasing them and allowing the cycle to continue. This is how progress is made, not by having a bonfire of the currencies.

As a producer yourself, you know this. If you want to keep your job and increase your wages, you must provide a product or service that people want. If you are an employee, there is an employer in between you and the consumer but the motivation is the same.

If people don't want anything that you and/or your employer does, you lose your job no matter how good you are at it.

Everyone is both a consumer and a producer.



posted on Jan, 18 2016 @ 08:54 AM
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originally posted by: Abysha

originally posted by: Staroth
a reply to: theantediluvian

And they are what keeps us all going. Without them and their money there would be no us. No food, no business, no cloths, no health care, nothing!


Care to explain how hoarding and hiding billions of dollars provides others with food, business, clothes, and healthcare?

Do you think they printed the money themselves and their wealth will disappear once they are dead? All their wealth was already here before they arrived and it will be here when they depart. Wealth being concentrated into a handful of people does nothing but drive up resource scarcity for the rest of the planet.

Why are you convinced that removing capital from circulation helps the global economy?


ps edit - I'm starting to think your post was sarcasm and I just retorted for no reason. If so, I'm sorry.


I'm sorry, I have to respond to this dribble.

First off, they aren't hoarding money. The wealth of these people is tied up in their companies and other investments. Let's take Bill Gates for example. Most of his wealth is tied up in Microsoft stock. It isn't like he is sitting on $70 billion of nickels and dimes stuffed in mason jars in his basement. He owns a significant portion of a company that he created. His wealth fluctuates with the value of his company.

Second, you don't think the company that Bill Gates created provides food, shelter, and benefits? Microsoft employees almost 120,000 people globally. This doesn't even count the people that USED TO work at Microsoft. Who knows what that number is... probably a million people. So this one guy, Bill Gates, provided jobs and salaries for a million people over the course of 40 years. Good paying jobs. We haven't even gotten into all the other jobs that were created ancillary to Microsoft such as the construction jobs, packaging, computers, marketing, advertising, etc. this number is also probably several hundred thousand people benefiting from the existence of Microsoft.

It isn't just Bill Gates wealth who has grown. it is estimated that some 10,000 microsoft employees became millionaires.

Please tell me what government program redistributing wealth has created 10,000 millionaires? Not only that, we haven't even gotten into all the charitable given that those millionaires do much less what Bill Gates has done with his wealth (or Paul Allen, Steve Balmer). Finally, are you willing to have your pension, 401k or other retirement decimated? People like you forget that many people are invested in Microsoft through their retirement.

Last, what most of you don't seem to grasp is that wealth is not zero sum. When wealth is created, the pie grows. You don't necessarily take a slice from someone else.



posted on Jan, 18 2016 @ 08:58 AM
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And most folks don't find this odd. How very odd.



posted on Jan, 18 2016 @ 09:00 AM
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Isn't there no honor among billionaires




posted on Jan, 18 2016 @ 10:47 AM
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a reply to: Edumakated

Yes nice of you to omit all the nefarious methods used by Gates and his ilk in order to progress his company and amass his wealth

I bet on that list of the wealthiest people there isn't a single soul who has honestly earned all that money without resorting to nefarious methods and screwing others over



posted on Jan, 18 2016 @ 10:55 AM
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originally posted by: Discotech
a reply to: Edumakated

Yes nice of you to omit all the nefarious methods used by Gates and his ilk in order to progress his company and amass his wealth

I bet on that list of the wealthiest people there isn't a single soul who has honestly earned all that money without resorting to nefarious methods and screwing others over


Nefarious methods? Business is cut throat. I've seen small Mom & Pop stores across the street from each other going at each others throats. Business is no different from athletics. You play to win. Period. This isn't to say you cheat, but you most certainly aren't out there to make friends.

Please list some of the nefarious methods that Microsoft employs.



posted on Jan, 18 2016 @ 10:56 AM
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originally posted by: Semicollegiate
Ahh the fruits of socialism and centralization grow and grow.

Most of that increase is from central bank debt monetization.

Little folks don't get the money so as to keep inflation down.


You have the gall to blame this on Socialism? Lol that's funny. Banking regulations got LESS Socialist over the last 5 years.



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