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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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