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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: clintonfoundation; globalinequality; haiti; incomeinequality; marxism; oxfam; redistribution; thirdworld; wealthredistribution; worldwealth
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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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To: Olog-hai

Oxfam has a long history of liberal fraud and fake studies that get quoted as Gospel by the MSM.

Israel, abortion, gays, global warming, communism — they are a wolf on the wrong side of every issue -— all done in sheep’s clothing.

Love to see the data underlying this fake report -— be like the NFL suicide report -— nothing but an empty office and a fax machine for press releases.


51 posted on 01/21/2014 9:07:41 AM PST by TheThirdRuffian (RINOS like Romney, McCain, Christie are sure losers. No more!)
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To: Olog-hai; GeronL; Revolting cat!

Don’t know the current numbers, but around 10-15 years ago, half of the world’s 10 richest men lived in the Middle East.

Maybe the people should rise up against their sultans and monarchs.

Playing classwar games against productive industrialists is a joke.


52 posted on 01/21/2014 9:16:22 AM PST by a fool in paradise ("Health care is too important to be left to the government.")
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To: TheThirdRuffian

But they’ve got their willing accomplices , the presstitutes and ‘settled science’ on their side.


53 posted on 01/21/2014 10:07:57 AM PST by TurboZamboni (Marx smelled bad and lived with his parents .)
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