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Oct 14 2014 05:07pm
Top 1 percent ( 780k usd and up ) has 50 percent of global wealth ...

The top 10 percent of the world holds 87 percent of the worlds wealth ...


The bottom 50 percent of the population holds less than 1 percent of the worlds wealth ...


But don't worry guys ... There's billions of people to lazy to succeed
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Oct 14 2014 05:22pm
Inequity is not inherently a bad thing, and anyone trying to level out the world's wealth for the sole sake of leveling out the world's wealth is an ignorant communist shit
What matters is the baseline quality of life and resources for the world's poor, and if everyone in that bottom 50% had food, shelter, medicine and opportunity, I wouldn't give a shit about how much richer the top 1% was getting
What matters is the golden rule, that he who has the gold makes the rules- and while inequity is not cause for concern in and of itself, it goes hand in hand with corruption, rigging the financial game and monopolization.
Attacking rich people won't solve that. Having teddy style trust busting will. Having laws mandating financial transparency will.
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Oct 14 2014 05:24pm
Quote (bitg_pj @ Oct 14 2014 06:07pm)
Top 1 percent ( 780k usd and up ) has 50 percent of global wealth ...

The top 10 percent of the world holds 87 percent of the worlds wealth ...


The bottom 50 percent of the population holds less than 1 percent of the worlds wealth ...


But don't worry guys ... There's billions of people to lazy to succeed


what % of the income of the bottom 50% making the 1 percent of the words income are the ones paying for welfare of others. It's sickening to me that my social security that i earn is going to be threatened before welfare will be threatened to be taken away from the capable unemployed.
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Oct 14 2014 05:25pm
Quote (Goomshill @ Oct 14 2014 07:22pm)
Inequity is not inherently a bad thing, and anyone trying to level out the world's wealth for the sole sake of leveling out the world's wealth is an ignorant communist shit
What matters is the baseline quality of life and resources for the world's poor, and if everyone in that bottom 50% had food, shelter, medicine and opportunity, I wouldn't give a shit about how much richer the top 1% was getting
What matters is the golden rule, that he who has the gold makes the rules- and while inequity is not cause for concern in and of itself, it goes hand in hand with corruption, rigging the financial game and monopolization.
Attacking rich people won't solve that. Having teddy style trust busting will. Having laws mandating financial transparency will.


Vouch, the real problems are of scarcity and hidden externalities

The purpose of an economy is to maximize standard of living not money per person
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Oct 14 2014 05:27pm
...if someone in America says " would you like something to eat " it's considered a courtesy , in the Sudan it's considered a cruelty . :lol:
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Oct 14 2014 06:08pm
Just in, people don't all command the same value in the global workforce. Who knew? :rolleyes:
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Oct 14 2014 06:15pm
Quote (PixileDust @ Oct 14 2014 06:08pm)
Just in, people don't all command the same value in the global workforce. Who knew?  :rolleyes:


Good to know starving kids in Africa get to starve because they aren't valuable workers. Do you even read your own posts
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Oct 14 2014 06:35pm
Not everyone can be rich.
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Oct 14 2014 06:50pm
People love throwing out theses statistics but never say why this is bad.
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Oct 14 2014 07:22pm
Quote (Caedus @ Oct 14 2014 08:50pm)
People love throwing out theses statistics but never say why this is bad.


If you lived in Africa as a poor black starving child you wouldn't need it explained to you...

I don't mind that others can work harder to get more for themselves and their families ... I do mind when half the world is exploited and used as dirt cheap labour to boost those that don't care what happens to them as long as they can drive prices and costs down a little and profits up a little ... When everyone has food and shelter.... Then these numbers will be irrelevant
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