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Richest 2% own half the world's wealth

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Re: Richest 2% own half the world's wealth

Unread postby EnergyUnlimited » Thu 07 Dec 2006, 12:18:47

$this->bbcode_second_pass_quote('Zardoz', '')$this->bbcode_second_pass_quote('EnergyUnlimited', '.')..Cuba...

All your other examples are completely valid, but I wonder about Cuba. How much do we know about the distribution of wealth on that little island? If there is any place on the planet where things might be a little different, perhaps that's it.

Maybe not, though. I really don't know.

Well, may be you got me here, but my personal feelings are, that Mr Fidel Castro & family clan somehow owns entire Cuba.
I know, his estranged wife is in Spain etc, and this is bringing some doubt.
OK, one can argue that loving residents really wont to give this island to him, and there is no offence in it.
However I cannot imagine any important decision on Cuba taken without Mr Castro approval.
He may be either "shadow owner" of this island or a "father of all Cubans" perhaps.
But this is only my perception. I can be wrong.
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Re: Richest 2% own half the world's wealth

Unread postby smallpoxgirl » Thu 07 Dec 2006, 13:54:05

$this->bbcode_second_pass_quote('EnergyUnlimited', '[')i]If we decided tommorow to divide equally all the wealth on the Earth between all the people, than 1 day later we would have today's situation again
The way you get into that top 1% income bracket is the same way you get into congress....by being a lying, scheming, thief. Now you may be right that if the wealth was redistributed the lying scheming thieves would scam their way back to the top. Seems to me like an excellent arguement for why an aspect of the wealth redistribution needs to include the drawing and quartering of those top 1%ers as a warning against any future attempts at such disreputable behaviour.
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Re: Richest 2% own half the world's wealth

Unread postby NEOPO » Thu 07 Dec 2006, 14:02:18

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('EnergyUnlimited', '[')i]If we decided tommorow to divide equally all the wealth on the Earth between all the people, than 1 day later we would have today's situation again
The way you get into that top 1% income bracket is the same way you get into congress....by being a lying, scheming, thief. Now you may be right that if the wealth was redistributed the lying scheming thieves would scam their way back to the top. Seems to me like an excellent arguement for why an aspect of the wealth redistribution needs to include the drawing and quartering of those top 1%ers as a warning against any future attempts at such disreputable behaviour.


amen to that sister.....

Its a reinforcing thought that elitist plant into our little brains much like "might as well buy a new one and throw that old widget away".
Might as well go into massive debt and be a slave to a company for the rest of our lives because.....everyone else is doing it and living such a great life today because of it that there must be nothing wrong with it...........

Redistribute the wealth great but allow monopolies and central banking schemes and expect the wealth to stay evenly distributed?? I dont think so.......

Its like telling me that there is something I cannot do yet I have done it many times already........

Ah the stench of apathy........
It is easier to enslave a people that wish to remain free then it is to free a people who wish to remain enslaved.
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Re: Richest 2% own half the world's wealth

Unread postby EnergyUnlimited » Thu 07 Dec 2006, 15:19:15

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('EnergyUnlimited', '[')i]If we decided tommorow to divide equally all the wealth on the Earth between all the people, than 1 day later we would have today's situation again
The way you get into that top 1% income bracket is the same way you get into congress....by being a lying, scheming, thief. Now you may be right that if the wealth was redistributed the lying scheming thieves would scam their way back to the top. Seems to me like an excellent arguement for why an aspect of the wealth redistribution needs to include the drawing and quartering of those top 1%ers as a warning against any future attempts at such disreputable behaviour.

Well Smallpoxgirl, OK you are tough on this subject.
However how would you prevent any of those thieves/liars grabbing back entire fortune? How would you name those 1% of "infidels"?
You could hurt many decent peoples in the process.
I know, all that could be proven in court proceedings, if judges are not corrupt.
Any idea, how to do it in practice?
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Re: Richest 2% own half the world's wealth

Unread postby TommyJefferson » Thu 07 Dec 2006, 16:51:03

$this->bbcode_second_pass_quote('dissimulo', 'B')etter to spend your time joining the top 2% than trying to figure out whether or not it is fair. There is no fair.


Well said.
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Re: Richest 2% own half the world's wealth

Unread postby TommyJefferson » Thu 07 Dec 2006, 17:05:35

$this->bbcode_second_pass_quote('smallpoxgirl', 'T')he way you get into that top 1% income bracket is the same way you get into congress....by being a lying, scheming, thief.


Those behaviors are generally illegal. We should work to make every person equal under the law. Poor people cannot buy their way out of punishment. Wealthy people should not be able to either.

True equality works.

Findland's idea of fines proportional to one's income is interesting.
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Re: Richest 2% own half the world's wealth

Unread postby davep » Thu 07 Dec 2006, 17:47:33

I think you'll find that being in the top 1% of global earners doesn't require too much in the way of dastardly behaviour. I'm in the top 0.6% and I'm a tecchie...

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Re: Richest 2% own half the world's wealth

Unread postby davep » Thu 07 Dec 2006, 18:49:50

$this->bbcode_second_pass_quote('ElijahJones', 'I') assume your income is less than $100k per year


Don't assume!

OK, it's more than that, but only just (thanks to the slide of the dollar). What is nice is that I've just quit everything to pursue my ideals. Then somebody rings me up (today) to offer me the same cash but working 2 to 3 days a week. That way I can work and pursue my ideals without the frustration and anxiety that comes from not having the energy to do anything else but work (and spend the cash in a futile attempt to prove that it's worth it).

Ahem, sorry. I'm just feeling a tad happier than I was yesterday. It's not easy building your dream on a relatively small nest-egg.
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Re: Richest 2% own half the world's wealth

Unread postby TommyJefferson » Sun 10 Dec 2006, 12:13:46

$this->bbcode_second_pass_quote('Raphael', 'B')ut the point is democracy and capitalism marketed and forced down the throats of emerging countries was supposed to reduce the disparity.

I am nearly 50 and I will suggest for the past 35 years of my life...I was told how the US and Western style economies were going to save the world.


Who marketed democracy and capitalism to you as a gaurantor of reduced economic disparity? I've never seen that as an advertised feature.

US and Western style socialism cannot and will not "save the world". You should know better.

A free man is his own saviour. Only slaves look to their masters above for sustinance and direction.
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Re: Richest 2% own half the world's wealth

Unread postby basil_hayden » Sun 10 Dec 2006, 12:54:27

Global Rich List

If you're posting here, you ARE one of the top 2%...
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Re: Richest 2% own half the world's wealth

Unread postby jupiters_release » Sun 10 Dec 2006, 15:54:18

$this->bbcode_second_pass_quote('basil_hayden', '[')url=http://www.globalrichlist.com/]Global Rich List[/url]

If you're posting here, you ARE one of the top 2%...


Great perspective, the wealth curve is more like a brick wall lol.
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Re: Richest 2% own half the world's wealth

Unread postby Zardoz » Sun 10 Dec 2006, 18:02:37

$this->bbcode_second_pass_quote('basil_hayden', '[')url=http://www.globalrichlist.com/]Global Rich List[/url]

If you're posting here, you ARE one of the top 2%...


That's astounding. Thanks for posting it.

I never could have imagined that our combined household income would put us as far up the scale as we are. We're in the upper reaches of the atmosphere. We're almost into space, for God's sake.

And yet, we sure don't feel rich. We're both going to be working past 65, I'm sure. We don't feel all that financially secure. We're careful with our money, to the point of inspecting every bill and shopping around for better prices whenever we can.

I guess that just proves how wealthy we Americans are compared to so much of the rest of the world. We have little idea of what life is like in the Third World, which includes most of the population of the planet.
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Re: Richest 2% own half the world's wealth

Unread postby Tyler_JC » Sun 10 Dec 2006, 18:25:59

Their chart only goes up to 107,565th richest person. (a.k.a. $200,001 a year). Plug in $200,000 and you are in the top .01%, add a dollar and you jump up to the .001%.

Regardless, annual income is far less important than accumulated wealth.
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Re: Richest 2% own half the world's wealth

Unread postby firestarter » Sun 10 Dec 2006, 18:41:07

If I were a minimum wage worker in the U.S. I'd still be in the top 12%. Incredible. Given scarce resource realities, my guess is that it's much more likely, going foreward, that the top 2% will be losing their relative advantage (moving closer to the other 98%) rather than the other 98% substantially improving their position, if at all. Of course, the top 2% won't be going down without one helluva fight. :twisted:
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Re: Richest 2% own half the world's wealth

Unread postby firestarter » Sun 10 Dec 2006, 18:44:41

$this->bbcode_second_pass_quote('Tyler_JC', '
')
Regardless, annual income is far less important than accumulated wealth.



There was a time not long ago--before the debt empire became a pox on the economic landscape--that the two were strongly correlated.
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Re: Richest 2% own half the world's wealth

Unread postby Tyler_JC » Mon 11 Dec 2006, 01:31:05

$this->bbcode_second_pass_quote('ElijahJones', '7')0% percent of the world lives below the US poverty line for a single worker.


The poverty line for a US adult is around $10,000.

$10,000 a year gets you a crappy trailer and a pack of food stamps in Kansas. In LA, you'd essentially be living on the street or in a cardboard box. But move to India and you'd own a house, a car, new clothes, electronic goodies, etc. You could eat at nice restaurants and support a family of 6.

Is an Indian computer programmer earning $10k a year richer than an American earning twice that? I'd say, YES.

It all comes down to relative cost of living. And a purely income based measurement cannot account for that.
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Re: Richest 2% own half the world's wealth

Unread postby NEOPO » Mon 11 Dec 2006, 02:39:40

Exactly right Tyler.

My example: we use to live near D.C. and the cost of living was very high.
My job with Verizon - top pay for a tech plus overtime = 60-70k = barely paid our bills.
We did choose to live in a very nice development with all of the Military officers, swimming pool, the best schools and all that yet when the year was over we were lucky to have saved much of anything that was not in turn spent on christmas.

I was smart enough to lock in an unheard of 3 year lease.
At the end of the lease period my neighbors were paying $400-$500 more a month then us and our rent was going up respectively.
Insanity - spinning wheels faster and faster yet getting nowhere.

So yes we should look at accumulated wealth with an annual income factor in order to get a better view of wealth distribution.

Again - I do not believe the illogic that says a redistribution of wealth would be asinine and I firmly believe that this is a lie perpetuated by the wealthy or those hoping to soon join them.
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