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Oxfam Finds 8 Men Have as Much Wealth as Half of the World’s Population

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posted on Jan, 16 2017 @ 10:05 AM
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Happy MLK Day. Today just before the World Economic Forum meets in Switzerland, Winnie Byanyima, executive director of Oxfam International that less than 8, yes 8 Men have as much Wealth as half of the World's population, most of which are American.

From the Associated Press

The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. ... Oxfam used Forbes’ billionaires list that was last published in March 2016 to make its headline claim. According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of ranking, are Amancio Ortega, the Spanish founder of fashion house Inditex, financier Warren Buffett, Mexican business magnate Carlos Slim Helu, Amazon boss Jeff Bezos, Facebook creator Mark Zuckerberg, Oracle’s Larry Ellison and Bloomberg, the former mayor of New York.

Oxfam outlined measures that it hopes will be enacted to help reduce the inequality.

They include higher taxes on wealth and income to ensure a more level playing field and to fund investments in public services and jobs, greater cooperation among governments on ensuring workers are paid decently and the rich don’t dodge their taxes. And business leaders should commit to paying their fair share of taxes and a living wage to employees.

Max Lawson, Oxfam’s policy adviser, urged billionaires to “do the right thing,” and to do “what Bill Gates has called on them to do, which is pay their taxes.” ... It’s because of this kind of inequality that trust in institutions has fallen sharply since the global financial crisis of 2008, according to Edelman, one of the world’s biggest marketing firms.


What an abysmal failure of the liberal/moderate elite to address growing income inequality says Truthdig editor in Chief Robert SCheer. I agree.

Meanwhile we put one of the 1% in The Whitehouse. Nice Job.

edit on 16-1-2017 by ugmold because: typo




posted on Jan, 16 2017 @ 10:14 AM
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originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.

Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.



posted on Jan, 16 2017 @ 10:20 AM
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a reply to: ugmold

Now imagine them not even being the wealthiest in all the world (just the most famous as modern get rich quickers).



posted on Jan, 16 2017 @ 10:26 AM
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a reply to: IgnoranceIsntBlisss

Does anyone know the net worth of various rothchilds?



posted on Jan, 16 2017 @ 10:28 AM
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a reply to: ugmold

How much of this is wealth envy? Apparently assets and cash (not including regular income) of less than $80K puts you in the Global top 10% richest.

If they've earned it, they've earned it - who are we to say they aren't entitled to it, although I know at least Gates and Zuckerberg talk about giving away huge amounts of their wealth within their lifetimes. Looking at what they (the so called richest 8) have achieved, how many people have or had a job due to what they created? Answer: tens of thousands of people at least I would assume given the coverage of Microsoft and Oracle alone.

They should all pay the appropriate taxes though, but then Trump says the same with one breath and says how smart he is at avoiding taxes in the next.

Interesting link with some criticism of Oxfams comments around this.....

www.bbc.co.uk...



posted on Jan, 16 2017 @ 10:39 AM
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a reply to: ugmold

er what happened to Evelyn de Rothschild head of the Rothschild clan?
Then you're speaking in Trillions - they have major stakes in all national Central banks

www.quora.com...



posted on Jan, 16 2017 @ 10:41 AM
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a reply to: jellyrev

Hard to pin down because most of their (wealth) controlling holdings are non public corporations



posted on Jan, 16 2017 @ 10:43 AM
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a reply to: ugmold

On the contrary their policies are a complete success basically they reduce everyone to the same low standard of living-except for those in charge.



posted on Jan, 16 2017 @ 10:43 AM
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I bet there are some people who have literally limitless money. Money is mostly electronic these days, just numbers on a spreadsheet or computer screen, there is no longer a gold standard. I'm willing to bet that some people can enter in as many zeros behind a number as they want and no one would ever know any different.
edit on 1/16/2017 by LumenImagoDei because: (no reason given)



posted on Jan, 16 2017 @ 10:50 AM
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originally posted by: Snarl

originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.

Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.


So basically you are saying this is a non issue and raising the middle finger to it.



posted on Jan, 16 2017 @ 10:53 AM
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And that´s the reason for the upcoming world revolution.
We just have to wait till the next bank is "too big to fail" and "needs" to be saved by the taxpayers. For the next stock market crash. Or maybe for the next fabricated war, fabricated to generate profits for the warmongerers.

If something has to be paid(like billions to save the banksters temples, the casinos for the rich), the average people have to pay. If something generates profits, those profits stay with the rich, for 100%. It´s time to change that. And i am afraid this is only to change with a big bang. Not peaceful. Because the peaceful ways, via laws, are occupied by the rich. They pay for their own laws, laws that they need to make more profits and become more untouchable. They buy their own politicians or become politicians/presidents.

What would happen if people would try to protest peaceful nowadays(national strikes for example), would try to do the Ghandi? They would get hit, shot, disappear, get arrested, maybe by G4S or similiar mercenaries, by troops that look like freaking StarWars Stormtroopers. Or by the police/military of that nation, that normally should work FOR the people that pay them(via taxes) and not handle them all as potential terrorists. Because they all are bought by the big money. To save the big moneys a$$. You can´t call the police because of exploiting slave masters, you can´t sue them in court. They have the money to buy every freaking judge and law.

That´s why average people go to jail for some weed or for fare dodging, while rich individuals can get caught with prostitutes and cocain, while they dodge taxes by the billions. And have to fear nothing. These "regrettable" individuals are sick then, addicted to gambling for example, and just lost the overview. Just simple Flops, failures and fumbles, these individuals didn´t want to get richer and richer, by dodging taxes, nooo....

If everything is bought by the rich, like the so called justice etc, what would be the solution to get rid of that system?
People need to create a peoples police, peoples courts to sue those greedy individuals, peoples jails to arrest the real criminals, a peoples army would be necessary. People would have to cut down TPTB´s propaganda, mass media channels that tell us how good we all live, with three jobs and not enough time and money for a family(to raise the rich´s profits). The people should take all the money of the known guilty rich(not all rich are bad!) and invest it into education, into infrastructure, into healthcare, fair paid jobs etc. Put that money back into the cash cycle, instead of leaving it in any tax haven.

I am really afraid there is no peaceful way to overthrow the dictatorship of the rich, because rich individuals are greedy and don´t want to lose only one cent, less than ever their freedom or life. That´s why the created 9/11, the "IS" etc, to use that terror fairy tale as an excuse to build big brother(for the protection of the rich from the rabble). To build police states.

They know that it doesn´t need much time anymore and the revenge of the people will hit them hard, harder than they ever thought.
As i said, just let´s wait for the next stock market crash!



posted on Jan, 16 2017 @ 10:56 AM
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originally posted by: jellyrev
a reply to: IgnoranceIsntBlisss

Does anyone know the net worth of various rothchilds?





500 billion at the last estimate... I think I read it on ATS.com. Or facebook.
edit on 16-1-2017 by pikestaff because: to include 'or facebook'



posted on Jan, 16 2017 @ 11:33 AM
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a reply to: ugmold

If you make $22,000 a year, you are in the top 10% of rich people in the world.

If you make $33,500 a year, you are among the richest 5% in the world.

If you make $70,000 a year, you are in the top 1% (actually 0.9%)

If you make $100,000 then you are among the richest 0.2% of the worlds population

If you make $133,000, YOU are the richest 0.1% of the worlds population!

www.worldwealthcalculator.org...
edit on 16-1-2017 by infolurker because: (no reason given)



posted on Jan, 16 2017 @ 12:06 PM
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originally posted by: infolurker
a reply to: ugmold

If you make $22,000 a year, you are in the top 10% of rich people in the world.

If you make $33,500 a year, you are among the richest 5% in the world.

If you make $70,000 a year, you are in the top 1% (actually 0.9%)

If you make $100,000 then you are among the richest 0.2% of the worlds population

If you make $133,000, YOU are the richest 0.1% of the worlds population!

www.worldwealthcalculator.org...


Figures differ though, if you are making it then that could be classed as income which as far as I'm aware isn't taken into account in the figures Oxfam use, they are based on liquid assets and available cash.

Not that I'd complain mind.



posted on Jan, 16 2017 @ 12:12 PM
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a reply to: jellyrev

2x America's total value.



posted on Jan, 16 2017 @ 12:31 PM
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It all stinks.....both the article and the facts of the article.

We all know this and it's not just these 8 individuals. It's a whole group of people who have a firm hold on power and will not let go.
This article and research will change nothing. All it will do is further fan the flames of the injustice....which I suspect is the plan.

A redistribution of wealth will change nothing. The whole monetary system is based on greed and opportunism.....which inflates the nastier aspect of humans.

We need a complete scrapping of this corrupt system......what will we put in place.....I'm not sure.

It's reminds me of when I played a game of monopoly. I was half an hour late and the started without me. When I started I was given a small amount of money.....but everything was already bought. So I just went round and round in circles paying what little monopoly money I had. I was lucky though....my "friends" lent me some money and once in a while I won something real nice in a chest. Unfortunately I ran out of money and sent to jail for being a drain on their resources.......I hate monopoly.



posted on Jan, 16 2017 @ 12:36 PM
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originally posted by: ugmold

originally posted by: Snarl

originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.

Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.


So basically you are saying this is a non issue and raising the middle finger to it.


Well what exactly *IS* the issue ?

What would *you* do about it if you were the Prime Minister of the Globe ?




posted on Jan, 16 2017 @ 12:41 PM
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originally posted by: infolurker
a reply to: ugmold

If you make $22,000 a year, you are in the top 10% of rich people in the world.

If you make $33,500 a year, you are among the richest 5% in the world.

If you make $70,000 a year, you are in the top 1% (actually 0.9%)

If you make $100,000 then you are among the richest 0.2% of the worlds population

If you make $133,000, YOU are the richest 0.1% of the worlds population!

www.worldwealthcalculator.org...


Funny isn't it. Most of the SJW complaining in America would be considered in the top 1% easily. Basically, anyone in America is in the top 5% if they work. Heck, even our poor receiving welfare benefits are in the top 5% based on the value of those benefits.

Those top 8 people have created a ton of wealth for not only themselves but for everyone else. How many jobs (and millionaires) have been created between Bill Gates and Larry Ellison alone? Do you think any of the Microsoft employees give a rat's ass that Bill Gates is worth like $70 billion or that they have great jobs that allow them to provide for their families? I'd venture Microsoft has created tens of thousands of millionaires. Not too mention the increase in quality of life from the products.

There has always been wealthy inequality. What is different though is that the inequality is no longer determined by birth right. Anyone can become immensely wealthy with a bit of hardwork and luck. With freedom we have class mobility. Just because some one is poor at some point in their lives does not mean they will remain poor.
edit on 16-1-2017 by Edumakated because: (no reason given)



posted on Jan, 16 2017 @ 12:56 PM
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originally posted by: infolurker
a reply to: ugmold

If you make $22,000 a year, you are in the top 10% of rich people in the world.

If you make $33,500 a year, you are among the richest 5% in the world.

If you make $70,000 a year, you are in the top 1% (actually 0.9%)

If you make $100,000 then you are among the richest 0.2% of the worlds population

If you make $133,000, YOU are the richest 0.1% of the worlds population!

www.worldwealthcalculator.org...


Hate stats like this because they are just a load of bollocks.. You may earn more than 90% of the world but you also pay higher prices than 90% of the world..
You are no better of on 22k a year than the man in Thailand hiring out mopeds.. Or the man in India selling Crap to tourists..



posted on Jan, 16 2017 @ 01:02 PM
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originally posted by: ugmold

originally posted by: Snarl

originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.

Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.


So basically you are saying this is a non issue and raising the middle finger to it.


Well, it's a matter of perspective. I kind'a expect that there are (and will always be) some stupid-wealthy people in the world.

I do so often wonder about the people with fortunes exceeding theirs we never hear about.

I do wonder about a guy like Zuckerberg amassing Billions and Billions and Billions in a short period of time, and he didn't really 'make' anything. Did those advertisers actually make that much money off their Facebook advertising. Is that even possible?

So, no, I don't consider it a non-issue. I see it the same way I often do. Same subject ... different perspective than yours.

Cheers,
Snarl



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