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World’s 85 richest have same wealth as 3.5 billion poorest (says Oxfam)
NBC News ^ | January 20, 2014 | Li Anne Wong

Posted on 01/20/2014 11:46:25 PM PST by Olog-hai

The combined wealth of the world’s richest 85 people is now equivalent to that owned by half of the world’s population—or 3.5 billion of the poorest people—according to a new report from Oxfam.

In a report titled “Working for the Few” released Monday, the global aid and development organization detailed the extent of global economic inequality created by the rapidly increasing wealth of the richest, warning of the major risks it poses to “human progress.” […]

Oxfam said that based on its polls conducted across the world, it is believed that there are many laws and regulations designed to benefit the rich. …

(Excerpt) Read more at nbcnews.com ...


TOPICS: Business/Economy; Chit/Chat; Food; Society
KEYWORDS: incomeinequality; marxism; oxfam; redistribution; thirdworld; wealthredistribution; worldwealth
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Oxfam have to be at least as useless as the UN.
1 posted on 01/20/2014 11:46:25 PM PST by Olog-hai
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To: Olog-hai

How many people do those 85 individuals employ? Funny that they don’t tell you that, huh?


2 posted on 01/20/2014 11:47:32 PM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: 2ndDivisionVet

Yes, that’s conveniently left out.


3 posted on 01/20/2014 11:48:14 PM PST by Olog-hai
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To: Olog-hai

People working in teams achieve more, than working individually. A team needs a leader, so we have 85 leaders and 85 teams. I see no problem with all this state-of-the-things until the 85 have adequate merits.


4 posted on 01/21/2014 12:01:16 AM PST by Freelance Warrior (A Russian.)
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To: Olog-hai
3.5 billion of the poorest people

Counting the poorest doesn't exactly set a high bar, does it?

5 posted on 01/21/2014 12:02:03 AM PST by Jeff Chandler (Obamacare: You can't make an omelette without breaking a few eggs.)
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To: Jeff Chandler

The real threat to human dignity and cause of poverty is the governments that control nearly 100% of the world’s wealth.


6 posted on 01/21/2014 12:04:36 AM PST by Louis Foxwell (This is a wake up call. Join the Sultan Knish ping list.)
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To: Louis Foxwell

And here comes Oxfam looking to give those governments even more control over it than they possess already.


7 posted on 01/21/2014 12:07:49 AM PST by Olog-hai
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To: Olog-hai

When I was a child this sort of anti-wealth screed sounded sensible.

But then I grew up.


8 posted on 01/21/2014 12:07:57 AM PST by Bobalu (Happiness is a fast ISR)
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To: Olog-hai
The combined wealth of the world’s richest 85 people is now equivalent to that owned by half of the world’s population—or 3.5 billion of the poorest people—according to a new report from Oxfam.

Well then - let's immediately strip every penny from these 85 people and share that money equally among those 3.5 billion of the poorest people. And then, when absolutely no appreciable difference is made in the lives of those 3.5 billion people by this act, let's maybe take a moment to realize that the dreaded problem of "income inequality" is just a fig leaf for self-righteous envy, and that the leftists who keep talking about this problem don't want it solved, they want it to grow and fester to give them cover for more taxes.
9 posted on 01/21/2014 12:08:26 AM PST by AnotherUnixGeek
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To: Freelance Warrior

Of course, the left sees government as the only “team” one should be on.


10 posted on 01/21/2014 12:08:36 AM PST by Olog-hai
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To: AnotherUnixGeek

Of course. Just another power grab via demagoguery.


11 posted on 01/21/2014 12:10:19 AM PST by Olog-hai
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To: Olog-hai

12 posted on 01/21/2014 12:14:13 AM PST by JoeProBono (SOME IMAGES MAY BE DISTURBING VIEWER DISCRETION IS ADVISED;-{)
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To: Olog-hai
Anyone who stokes envy is a communist by any name.

Communism is a philosophy built on a foundation of envy. It falsely points to the "upper classes" as the cause of your own misery. Ironically, it manages to make someone else poorer without making you any richer.

13 posted on 01/21/2014 12:15:11 AM PST by stormhill
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To: Olog-hai

The big problem here is that few know what “wealth” is... it is NOT money or income. A middle-class household with 2 moderate income-earners can have zero wealth if they are renting their home, are leasing their vehicles, have no stock portfolio, etc. A few hundred million people can easily fit in that mold, and have a net total wealth equal to that of your neighbor’s cat.


14 posted on 01/21/2014 12:25:23 AM PST by Teacher317 (We have now sunk to a depth at which restatement of the obvious is the first duty of intelligent men)
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To: AnotherUnixGeek

thou shalt not covet thy neighbor’s goods.


15 posted on 01/21/2014 12:26:59 AM PST by Secret Agent Man (Gone Galt; Not averse to Going Bronson.)
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To: AnotherUnixGeek
Well then - let's immediately strip every penny from these 85 people and share that money equally among those 3.5 billion of the poorest people.

Actually, that $1.83T translates to $520 per person and would make an appreciable difference in their lives for a year or in some cases for as long as three years. The big difference would be what happened when that money was gone. I don't want to see what the world would look like for the poor (and these people would remain desperately poor) if we wiped out the wealth of our 85 most productive individuals.

16 posted on 01/21/2014 12:36:56 AM PST by Pollster1 ("Shall not be infringed" is unambiguous.)
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To: 2ndDivisionVet

“How many people do those 85 individuals employ?”

How many of those 85 are associated with either the Democratic Party, The Soros Group, or The Open Society Institute?


17 posted on 01/21/2014 12:45:08 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: stormhill

>> Anyone who stokes envy is a commie

Excellent!


18 posted on 01/21/2014 12:46:09 AM PST by Gene Eric (Don't be a statist!)
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To: Pollster1

“The big difference would be what happened when that money was gone.”

80% will be broke, and 20% will control all the wealth. Basic human sociology.


19 posted on 01/21/2014 12:47:03 AM PST by tcrlaf (Well, it is what the Sheeple voted for....)
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To: Nailbiter

“Well then - let’s immediately strip every penny from these 85 people”

Lets experiment- starting with Soros and working on down from that point.


20 posted on 01/21/2014 12:52:37 AM PST by Nailbiter
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To: Olog-hai

Barack Obama has 10,000 times the wealth of the poorest half of his relatives.


21 posted on 01/21/2014 1:01:30 AM PST by Dr. Sivana (The only thing that can save us is if Kerry wins the Nobel prize and leaves us alone.--Moshe Yaalon)
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To: Olog-hai

Despite all attempts at an even distribution of wealth, the top five NFL teams have more than FOUR TIMES as many wins as the bottom five, with most of them doing this several times in a row!


22 posted on 01/21/2014 1:07:07 AM PST by Dr. Sivana (The only thing that can save us is if Kerry wins the Nobel prize and leaves us alone.--Moshe Yaalon)
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To: Jeff Chandler

They’re doing it that way because they’re counting on some leftists to misread the statistic and start claiming the rich have half the world’s wealth. And... as a matter of fact... I think I saw a “tweet” to that effect earlier this evening. If not, the countdown will be brief.


23 posted on 01/21/2014 1:50:49 AM PST by ArmstedFragg (hoaxy dopey changey)
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To: tcrlaf

Next time I have them over to my gated compound I’ll ask them.


24 posted on 01/21/2014 1:50:50 AM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: Dr. Sivana

Painful stat for a Texans fan, bro...


25 posted on 01/21/2014 1:54:44 AM PST by ArmstedFragg (hoaxy dopey changey)
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To: Teacher317

They can have 0 wealth even if they “own” their home (or 2) if their mortgage is about = to the value of their home and they have other debt. I would bet that half the world population have about no wealth at all.


26 posted on 01/21/2014 2:03:55 AM PST by muskah
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To: 2ndDivisionVet

Dont forget those 85 people are largely tired of democracy and all for using global warming as an excuse to put the 3.5 billion under a dictator.


27 posted on 01/21/2014 2:26:43 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Olog-hai

My wife had Brian Williams on. I was totally disgusted when he blathered about this. I yelled at the TV - “SO WHAT! THEN LET’S GET THE 3.5 BILLION TO MOVE UP!! GET THEM JOBS!”

Then he mentioned this as the major topic when world leaders meet in Davos.

To me it’s just prophetic. How else will the zeitgeist/groupthink allow the mark of the beast “...and no man rich or poor great or small could buy or sell without the mark of the beast...”. It’s under way.


28 posted on 01/21/2014 3:08:00 AM PST by time4good
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To: Dr. Sivana

“Barack Obama has 10,000 times the wealth of the poorest half of his relatives.” Yes, and Kobe Bryant makes ~35,407 times the average annual per capita income in Kenya, where average life expectancy is ~57-60 years. Reportedly, a significant portion of the Kenyan population of ~43 million make ≤ 1 dollar a day. So Kobe’s >30 million/year salary could increase the income of 300,000 of these poor people by 100 times. All of this is true, but what do these statistics mean? What are the causes of poverty, and what are the solutions? Is poverty measured by money, how many square ft. your living space is - if you have living space? Is it measured by whether you have indoor plumbing? etc. etc. The world has tons of hurts and injustices in it, but personally I haven’t seen anything that works better than a free marked capitalist approach combined with societal embracing of spirituality and charity for those in need.


29 posted on 01/21/2014 3:38:47 AM PST by pieceofthepuzzle
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To: pieceofthepuzzle

Those people aren’t living on <$1 per day because of capitalism. They are largely there because of socialism, war, corruption and power hungry dictators.

Just what these 85 want for us. Dont forget those 85 approved the publishing of this story.


30 posted on 01/21/2014 3:43:11 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver
“Those people aren’t living on <$1 per day because of capitalism. They are largely there because of socialism, war, corruption and power hungry dictators.”

Yes, I agree. I also think that those like the 85 mentioned in the story have a significant amount of personal guilt (and some probably worry about a massive revolt). Their worries and guilt would be better dealt with, IMHO, by their own personal works and charity than by trying to change the system that has allowed them to become ultra-successful, and to help employ thousands and thousands in the process.

31 posted on 01/21/2014 3:52:35 AM PST by pieceofthepuzzle
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To: Gene Eric

>> Anyone who stokes envy is a commie

Excellent!

Dittos to that!


32 posted on 01/21/2014 4:12:29 AM PST by 2001convSVT (Going Galt as fast as I can.)
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To: pieceofthepuzzle

Most of them inherited the wealth, they didn’t acquire it. They think they are better then the remaining 6 billion who don’t have the ultra wealth.

Seems many on this thread would agree with them.


33 posted on 01/21/2014 4:26:41 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Olog-hai

And you think these 85 don’t control the governments?


34 posted on 01/21/2014 4:27:49 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Pollster1

Where would that money go? It would be spent and probably end back with a very small group of people.

Not that I advocate taking the money. The purpose of this article isn’t to take their money. Its to increase taxes on the middle class.


35 posted on 01/21/2014 4:33:09 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: 2001convSVT

Seems to me that these 3.5 billion have some work to do. Perhaps that what thew 85 did...


36 posted on 01/21/2014 4:52:51 AM PST by CPONav
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To: driftdiver
“Most of them inherited the wealth, they didn’t acquire it.”

I would guess that if you did inherit it, and therefore might not have much of an idea what it took to acquire it, your world view could get very skewed.

37 posted on 01/21/2014 4:56:27 AM PST by pieceofthepuzzle
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To: Olog-hai

Poor countries aren’t industrious and do not create wealth.

The fact that some Swede started a business, hired some people, increased the value of the property he bought, and created a $400,000 home on a $10,000 empty parcel of land, does not mean that all that wealth came at the expense of a man in Nairobi, who has lived in a mud hut for the same period of time and done nothing but subsistence farm.

Those two men are as unrelated as you can possibly get. Yet, this article would have you believe that the Swede’s wealth is the direct result of the African’s poverty.


38 posted on 01/21/2014 4:57:22 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
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To: Olog-hai
Naturally, the Marxist media has the story bass ackwards.

Sub-Saharan Africa is getting close to a billion people. Most of them live in rotten countries with rotten economies. But most of the huge population growth in that area is due to help from the wealthy western countries who introduced health standards and food aid.

India has about one billion people. Virtually all of them were dirt poor before India's Marxist-from-independence economic policies were junked and capitalism was initiated only about twenty years ago. India now has rich people and a growing middle class.

China has over one billion people. They didn't start a free enterprise economic system until 1979 three years after Mao died. So instead of one billion poor people, they have half a billion.

Moral of story: many of the formerly poor people of the world are getting wealthier....thanks to capitalism and those ahem "greedy" super wealthy people who helped make it all possible.

39 posted on 01/21/2014 4:57:48 AM PST by driftless2
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To: Olog-hai

I hope 0 bummer has some charity and gives his half brother in Kenya some of the money moochelle spends on a single vacation.


40 posted on 01/21/2014 5:10:35 AM PST by Arrowhead1952 (The Second Amendment is NOT about the right to hunt. It IS a right to shoot tyrants.)
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To: Olog-hai
via wiki:
Oxfam is an international confederation of 17 organizations working in approximately 90 countries worldwide to find solutions to poverty and related injustice around the world". "Oxfam works on trade justice, fair trade, education, debt and aid, livelihoods, health, HIV/AIDS, gender equality, conflict (campaigning for an international arms trade treaty) and natural disasters, democracy and human rights, and climate change."
Global socialism by any other name.
41 posted on 01/21/2014 5:13:36 AM PST by wtd
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To: Olog-hai

Take it away from them! Give it the RAT party! Save the world!


42 posted on 01/21/2014 6:06:28 AM PST by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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To: Dr. Sivana
Despite all attempts at an even distribution of wealth, the top five NFL teams have more than FOUR TIMES as many wins as the bottom five, with most of them doing this several times in a row!

Equality of OPPORTUNITY is provided for the bottom teams to draft well, to trade well, and to supplant one of those at the top. If they don't draft or trade as well as they could have, you can't blame the top teams for that!

43 posted on 01/21/2014 6:13:36 AM PST by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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To: driftdiver

If they did, then the CPC wouldn’t exist. Not in their interest to have any very powerful government out there that’s so anti-business and only uses private companies from overseas as a means to an end. They also wouldn’t be allowing the US dollar to fall into the abyss it’s currently falling into.


44 posted on 01/21/2014 6:34:15 AM PST by Olog-hai
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To: JimRed

“Equality of OPPORTUNITY is provided for the bottom teams to draft well, to trade well, and to supplant one of those at the top. If they don’t draft or trade as well as they could have, you can’t blame the top teams for that! “

Well obviously those top teams cheated or enjoyed some level of privilege that the bottom teams don’t.


45 posted on 01/21/2014 6:35:16 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: JimRed

Should be more like English soccer, where if you suck, you get relegated. And good teams get promoted.


46 posted on 01/21/2014 6:36:30 AM PST by dfwgator
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To: Olog-hai

Allowing? They are causing the dollar to collapse.

And of course they want a powerful govt to control the masses. They probably spend more on breakfast then those 3.5 billion people make in a month. They can certainly spend a few euros on politicians.


47 posted on 01/21/2014 6:37:53 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: driftdiver

If they have a powerful government to control the masses, how can they make any money if “the masses” are no longer making money themselves?

The euro is the currency of the social market economy. That is also antithetical to their fortunes.


48 posted on 01/21/2014 6:48:26 AM PST by Olog-hai
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To: Olog-hai

How did kings make money? There are way too many extremely wealthy people like Bill Gates and George Soros pushing socialism.

Bernie Ecclestone is another one of those. He basically owned Formula 1 racing. He’s a multi-billionaire who doesn’t like democracy and believes Hitler, Saddam Hussein and the Taliban were doing a good job. He’s not even in the top 85.


49 posted on 01/21/2014 7:01:23 AM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Olog-hai

What are we supposed to do about it? Are we supposed to take everybody’s money away and distribute it equally throughout the world?

The 3.5 billion poor people live in countries where the ruling class steals everything and deliberately keeps them starving and homeless. They would not allow the distributed money to be given directly to the poor masses and thus they would “distribute” it themselves. The poor would never see a penny.


50 posted on 01/21/2014 7:41:56 AM PST by OldMissileer
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