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World’s 100 richest earned enough in 2012 to end global poverty 4 times over
RT.com ^ | 20 January, 2013, 15:46

Posted on 01/20/2013 9:50:34 AM PST by TaxPayer2000

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To: SpaceBar
During the midst of the Northern hemispheric weather anomaly that destroyed Northern and Western Europe after 535AD, people burned ancient rare books and other works of art just to keep warm ~ all to no avail. The Dark Ages ensued and it took that part of the world nearly a thousand years to recover economically to the levels they'd achieved when the Roman Empire ruled the region.

Burning a Mona Lisa to keep warm is sometimes the correct answer.

51 posted on 01/20/2013 11:13:34 AM PST by muawiyah
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To: youngidiot

When you are dead you have no business. You are dead. Time to take care of your own people even if you hated them in life. Why should they become a public charge when you have left billions behind.


52 posted on 01/20/2013 11:15:33 AM PST by muawiyah
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To: TaxPayer2000

Of course, you know the REAL solution that the Proggies have for the “excess poor”.

A bullet to the head and a ditch, some lime, and a bulldozer.

They could probably achieve THAT for $240 billion. . .


53 posted on 01/20/2013 11:18:25 AM PST by Salgak (Acme Lasers presents: The Energizer Border. I **DARE** you to cross it. . . .)
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To: muawiyah

I wonder how many of them were liberal 1%’ers?...


54 posted on 01/20/2013 11:18:51 AM PST by jsanders2001
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To: muawiyah
When you are dead you have no business. You are dead. Time to take care of your own people even if you hated them in life. Why should they become a public charge when you have left billions behind.

If they are a public charge, that happened long before my death. Simply mandating that those fools get money solves nothing. Most of them will cash it in for $1 bills and head to the nearest titty bar. To each his own.
55 posted on 01/20/2013 11:19:28 AM PST by youngidiot (God help us.)
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To: youngidiot

Titty bars deserve to exist ~ but life is for the living ~ not the dead.


56 posted on 01/20/2013 11:21:40 AM PST by muawiyah
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To: jsanders2001
Odds are good that by passing on inheritances to the 500 closest blood relatives, the largest fortunes will end up being managed by folks who are FAR MORE CONSERVATIVE than any of the professional foundation class.

What's good for Conservatism is good for America, and the world.

57 posted on 01/20/2013 11:23:44 AM PST by muawiyah
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To: The_Reader_David

If you’re experiencing it, it doesn’t matter if it’s mild or extreme poverty. But we’re nothing near the level of poverty that they suffer in 3rd world countries


58 posted on 01/20/2013 11:24:46 AM PST by jsanders2001
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To: TaxPayer2000

The rich could do LOTS of things if they wanted. But is this THEIR problem? Are they responsible fo the bad decisions of others? Hardly.

The taxpayers of the U.S. have been bilked out of BILLIONS of dollars for the war on poverty, drugs, etc,etc,etc.

Has it helped? You be the judge.


59 posted on 01/20/2013 11:26:59 AM PST by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: TaxPayer2000

Hey!

LBJ’s war on poverty” has spent $9 trillion and counting.

Yes, $9 trillion - those are tax dollars.


60 posted on 01/20/2013 11:30:07 AM PST by donna (Pray for revival.)
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To: Teacher317

Mr. Teacher Man,

I don’t.......understand

all your ways and my future,

Wasted away, the words you say

this dream I got runs much deeper.

Stand aside, your precious pride,

your dead men don’t speak any.........longer.

You don’t care

‘bout what is fair,

You got no business telling me.

I see love...I see... What is right,

You turn your cheek from the needy.

What’s so wrong...

Get what you can...

Why not get it cheaper.

/s


61 posted on 01/20/2013 11:30:07 AM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: muawiyah
During the midst of the Northern hemispheric weather anomaly... Burning a Mona Lisa to keep warm is sometimes the correct answer.

Just about anything can be rationalized when the conversational deck is stacked through circumstantial cherry picking.
62 posted on 01/20/2013 11:30:45 AM PST by SpaceBar
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To: SpaceBar

The Dark Ages in Northern Europe were quite a cherry picking opportunity eh!


63 posted on 01/20/2013 11:35:45 AM PST by muawiyah
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To: muawiyah

Fortunes diluted by too many heirs are largely squandered in a generation or two. If that weren’t the case, I’d likely have been born into wealth myself. I was not, but do have a few ancestors who were wealthy in the extreme by the standards of their day. All I got was a certain grudging acceptance into certain social settings as genteel po’ lol.

Primogeniture laws were unfair but often kept inherited wealth intact. If an estate falls below a certain level of critical mass, it’s much more easily lost entirely due to poor decisions, war or other conditions beyond ones control.


64 posted on 01/20/2013 11:36:18 AM PST by RegulatorCountry
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To: DManA

That’s the fallacy of their thinking; it wouldn’t “end” poverty. If all wealth were gven equally to every person on the planet it would not be equal for long. It would be far worse because the wealth producing people would disappear if everything was going to be confiscated all the time.


65 posted on 01/20/2013 11:40:06 AM PST by Rusty0604
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To: RegulatorCountry
These days you keep the corporate entity intact and you inherit shares of stock.

That way you keep whatever advantage keeping it in the family gives, plus you keep the money out of the hands of the government AND the far leftwing extremist foundation management class.

Expanding inheritance to the 500 closest blood relatives should take care of a number of social problems right off the bat.

BTW, I'd still be very wealthy if I had my share of FifthThird Bank ~ it's an immense fortune and a relatively small number of heirs.

Then there's the Hughes Tool Foundation.

Jus' gimme' my stuff ~ take it away from the leftists.

66 posted on 01/20/2013 11:41:10 AM PST by muawiyah
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To: TaxPayer2000

So let’s see if I understand this correctly.

$240 Billion can wipe out global proverty four times over.

So when Pelosi, PigNose Waxman, and Zer0 spend four times as much on stimulous, that should wipe out global poverty sixteen times over!

Yet the wasted almost $900 billion stimulous didn’t do diddly-squat for nobody, nowhere, nohow, noway!

I call this bull-sh!t!


67 posted on 01/20/2013 11:43:58 AM PST by Noob1999 (Loose Lips, Sink Ships)
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To: Rusty0604

Exactly what I posted earlier, and has been played to deaf ears for well over 40 years.

“Tax the rich, Feed the poor,

til there are, Rich no more”

Repeat.......ooops !!

https://www.youtube.com/watch?v=jzrUqAtUcpU

How ‘bout the Anderson family reunion ??


68 posted on 01/20/2013 11:46:21 AM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: TaxPayer2000

To hell with the poor, everyone make it on their own or quit taking up space on this planet.


69 posted on 01/20/2013 11:46:42 AM PST by dalereed
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To: SECURE AMERICA
The majority of the defined poor class of people in America are not poor.
But the goal posts keep being moved to define more poor when there isn't enough
to pay off for votes.
The Gov needs excuses to steal our money.
70 posted on 01/20/2013 11:47:58 AM PST by MaxMax (Gun free zones was the invitation to gun bans by the left, at any cost)
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To: Zeneta

Yes, I have known people that make the same $ as I or even more, but they go blow it and get into debt, are always overdrawn, etc. Then when they see me purchase or do something that costs $ they give me a dirty look and want to know how I can do that. I just tell them I save and live under my means and it usually pisses them off. I won’t lend them $ either if they ask.


71 posted on 01/20/2013 11:52:39 AM PST by Rusty0604
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To: muawiyah
Really? You honestly think the rich invest their wealth in businesses and thereby create jobs? Boy are you deluded. I have it on good authority what they REALLY do with their wealth...have a look below. We all know this is true.



72 posted on 01/20/2013 12:05:07 PM PST by ProtectOurFreedom
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To: Rusty0604

The battle lines are drawn among those that have and those that don’t.

It starts with money, but that’s not the point.

It’s the winner, the one that tries,

The one that sees through all the lies.

He is the man, that needs to be restrained,

Clever and cunning, has no place,

After all, it’s the democracy of Race.


73 posted on 01/20/2013 12:08:57 PM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: TaxPayer2000

You don’t end poverty by distributing capital, it happens through wealth creation.

Giving a million bucks to a poor farmer in Ethiopia means nothing in the long run because private ownership of land is illegal there—meaning they can’t even advance to an industrial stage. Handouts to peasants in Peru means nothing in the long run if it takes five years and a hundred government-mandated steps to open a business there. Good look having a hiring expansion under those conditions.

We suffer from an unequal distribution of capitalism, not capital.


74 posted on 01/20/2013 12:14:42 PM PST by LifeComesFirst (http://rw-rebirth.blogspot.com/)
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To: TaxPayer2000

You don’t end poverty by distributing capital, it happens through wealth creation.

Giving a million bucks to a poor farmer in Ethiopia means nothing in the long run because private ownership of land is illegal there—meaning they can’t even advance to an industrial stage. Handouts to peasants in Peru means nothing in the long run if it takes five years and a hundred government-mandated steps to open a business there. Good look having a hiring expansion under those conditions.

We suffer from an unequal distribution of capitalism, not capital.


75 posted on 01/20/2013 12:14:55 PM PST by LifeComesFirst (http://rw-rebirth.blogspot.com/)
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To: Rusty0604

Not many folks do math apparently.

However many people (3 billion, 2 billion 1 billion?) are in ‘poverty’, divided by that 240 billion wouldn’t lift anyone out of poverty.


76 posted on 01/20/2013 12:15:30 PM PST by jjotto ("Ya could look it up!")
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To: TaxPayer2000

Before you get too excited by this ridiculous claim: “enough money to end extreme poverty worldwide four times over”, please consider that the population control crowd would never let the rich feed the poor.

It’s the same reason they won’t let the 3rd world develop meaning sources of electricity, or teach them effective farming techniques.

“They” are afraid this self sufficiency will lead to higher population growth, and competition for the valuable resources in those areas.

Ask the bleeding hearts for a few details and you’ll find they rather prescribe crippling Depo-Provera, anal sex, and abortion than allow them to thrive.

These eugenicists are truly the scourge they charge “the rich” with being.


77 posted on 01/20/2013 12:16:53 PM PST by G Larry (Which of Obama's policies do you think I'd support if he were white?)
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To: Zeneta
The battle lines are drawn among those that have and those that don’t.

If only it were that simple. The battle is between the dark forces of totalitarianism and those it wishes to subjugate. If it were as simple as "the rich vs the poor" you'd have Bill Gates, Warren Buffet, Carlos Slim, the Pelosi family and others siding with the producers against the leachers, and advocating free market enterprise, instead of preaching the siren's song of socialism to the ignorant masses to consolodate their own lust for power.
78 posted on 01/20/2013 12:32:06 PM PST by SpaceBar
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To: G Larry

Well said.

How can you control, much less, make money from folks if you give them the means.

Evil ?

Self interest ?

The path to the betterment on mankind is a huge leap of faith. Faith in the inherent nature of man.

It is this leap and their inability to trust man, but seem perfectly willing to trust Gov’t, to do the right thing.

I suspect that they don’t trust their fellow man, because they don’t trust themselves, as their childish and selfishness have been empowered.


79 posted on 01/20/2013 12:34:07 PM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: SpaceBar

..........The battle lines are drawn among those that have and those that don’t.......

If only it were that simple. The battle is between the dark forces of totalitarianism and those it wishes to subjugate............

I agree, however you should not take my post out of context.

IT’S NOT ABOUT THE MONEY !!!

While it starts with money.

It is ALL about the diffusion of ability.

Putting people on an equal playing ground by undermining the achievers while rewarding the underachievers.

The goal of “democracy” is to MAKE everybody equal.


80 posted on 01/20/2013 12:46:43 PM PST by Zeneta (Why are so many people searching for something that has already found us ?)
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To: yldstrk

I use the lottery all the time as an example that money does not solve poverty. In the US, poverty is a mindset not a lack of money. Your examples ring true. I have seen it with local lottery winners. Give certain people a big chunk of money and they buy stuff until they are out of money. Very few will actually take their winnings and use it to secure their future.


81 posted on 01/20/2013 1:03:13 PM PST by Dutch Boy
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To: jsanders2001

I think the difference does matter — there’s a big difference between having trouble making ends meet and not being able to afford luxuries because all your income is going to food, shelter and clothing (or maybe those plus a cell phone bill, a cable TV/internet bill and keeping a junk car on the road here in the U.S.) and not being able to get enough to eat on a regular basis while living in a hut made of cardboard and packing crates and wearing rags.

The point of Oxfam’s claim is that 1/4 of the aggregate income of the 100 wealthiest people on the planet would, correctly used, suffice to abolish the truly grinding poverty suffered principally in Third World countries (and replace it with more ordinary, more bearable poverty).


82 posted on 01/20/2013 1:41:04 PM PST by The_Reader_David (And when they behead your own people in the wars which are to come, then you will know...)
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To: TaxPayer2000
The world's 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over

The operative word, here, is "earned". They went out and worked to earn that money, it wasn't a gift (which leftist money-grabbers believe should be theirs to use for buying votes and spending frivolously).

83 posted on 01/20/2013 1:41:04 PM PST by DustyMoment (Congress - another name for anti-American criminals!!)
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To: TaxPayer2000
We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true,”

The benefits to the non-rich of the creation of wealth by the rich mainly occur under conditions of freedom and laissez faire capitalism, where beyond a certain point, excess concentration of capital is incompatible with the division of knowledge and the benefits of the division of labor.Under capitalism, the rich will realize that they will be better off owning a smaller piece of a large pie in a prosperous society, than owning a large piece of a smaller pie in a hellhole.

84 posted on 01/20/2013 1:43:14 PM PST by mjp ((pro-{God, reality, reason, egoism, individualism, natural rights, limited government, capitalism}))
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To: TaxPayer2000

“Poverty” can never be ended unless you kill all the poor people. People are not poor because of lack of money. Mt 26:11a “The poor you will always have with you,” (NIV)


85 posted on 01/20/2013 1:48:53 PM PST by Blue Collar Christian (Pray for revival. <BCC><)
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To: TaxPayer2000
This idiot reporter needs to learn fifth grade math. I'll make it easy:

There are roughly 10 billion people in the world. Let's say that roughly 24% live in poverty. That's 2.4 billion people. Since his $240 billion is said to eliminate this poverty four times over, this works out to 240B divided by four equals $60 billion. Divided into 2.4 billion people works out to $25 per year per person in poverty. Does the author really believe that 25 bucks will provide food and housing for a person for a whole year? Keep in mind that the next year they will have nothing since the earners will stop working once they won't be able to retain the fruits of their labors.

86 posted on 01/20/2013 2:01:22 PM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: cripplecreek

“$240 billion is enough to end global poverty? LOL”

The article failed to mention that it would end poverty for one month.

Translation > the Author is a fricking hack and joke.


87 posted on 01/20/2013 2:14:39 PM PST by DAC21
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To: 1rudeboy

Very true. The point is that the liberal knee-jerk reaction of “feed the poor” has an immense emotional appeal, but in and of itself just simply doesnt work. Really, the only way of solving the problems of some of these very poorest nations is for their entire society to be systematically reorganised. And then of course, you are accused of “recolonisation”.


88 posted on 01/21/2013 12:18:48 AM PST by Vanders9
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To: mnehring

hmm...how are the poor doing on your graph? More pertinently how are the middle income folk?


89 posted on 01/21/2013 12:32:05 AM PST by Vanders9
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To: TaxPayer2000

Wow, I didn’t realize that “teaching a Man to fish” would cost so much money.


90 posted on 01/21/2013 12:50:09 AM PST by Kickass Conservative (I only Fear a Government that doesn't Fear me.)
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To: TaxPayer2000
Hey, Oxfam: 249b/4 = 60b. If there are seven billion people in the world, and one billion are poor (to make the arithmetic simple), I guess $60/person ought to do the trick! Let them eat out once a week! Check out the latest McD dollar menu!

Obama's recent tax increase bill to solve the Fiscal Cliff is expected to raise an additional $62b/year from "the rich", while giving away $68b in investment crony capitalist giveaways! Obama is just a crook from Chicago with an ideology informed by his Kenyan dad.

91 posted on 01/21/2013 1:09:42 AM PST by cynwoody
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To: TaxPayer2000

How many are employed by these people? How many businesses are supported by these people? How many charitable groups
are supported by tese people?


92 posted on 01/21/2013 9:19:20 AM PST by upcountryhorseman (An old fashioned conservative)
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