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swoll
2017-01-19, 11:23 PM
The world’s eight richest billionaires control the same wealth between them as the poorest half of the globe’s population, according to a charity warning of an ever-increasing and dangerous concentration of wealth.

In a report published to coincide with the start of the week-long World Economic Forum in Davos, Switzerland, Oxfam said it was “beyond grotesque” that a handful of rich men headed by the Microsoft founder Bill Gates are worth $426bn (£350bn), equivalent to the wealth of 3.6 billion people.

The development charity called for a new economic model to reverse an inequality trend that it said helped to explain Brexit and Donald Trump’s victory in the US presidential election.

Oxfam blamed rising inequality on aggressive wage restraint, tax dodging and the squeezing of producers by companies, adding that businesses were too focused on delivering ever-higher returns to wealthy owners and top executives.

The World Economic Forum (WEF) said last week that rising inequality and social polarisation posed two of the biggest risks to the global economy in 2017 and could result in the rolling back of globalisation.

Oxfam said the world’s poorest 50% owned the same in assets as the $426bn owned by a group headed by Gates, Amancio Ortega, the founder of the Spanish fashion chain Zara, and Warren Buffett, the renowned investor and chief executive of Berkshire Hathaway.

The others are Carlos Slim Helú: the Mexican telecoms tycoon and owner of conglomerate Grupo Carso; Jeff Bezos: the founder of Amazon; Mark Zuckerberg: the founder of Facebook; Larry Ellison, chief executive of US tech firm Oracle; and Michael Bloomberg; a former mayor of New York and founder and owner of the Bloomberg news and financial information service.

Last year, Oxfam said the world’s 62 richest billionaires were as wealthy as half the world’s population. However, the number has dropped to eight in 2017 because new information shows that poverty in China and India is worse than previously thought, making the bottom 50% even worse off and widening the gap between rich and poor.

With members of the forum due to arrive on Monday in Switzerland, where guests will range from the Chinese president Xi Jinping, to pop star Shakira, the WEF released its own inclusive growth and development report in which it said median income had fallen by an average of 2.4% between 2008 and 2013 across 26 advanced nations.

Norway, Luxembourg, Switzerland, Iceland and Denmark filled the top five places in the WEF’s inclusive development index, with Britain 21st and the US 23rd. The body that organises the Davos event said rising inequality was not an “iron law of capitalism”, but a matter of making the right policy choices.

The WEF report found that 51% of the 103 countries for which data was available saw their inclusive development index scores decline over the past five years, “attesting to the legitimacy of public concern and the challenge facing policymakers regarding the difficulty of translating economic growth into broad social progress”.

Basing its research on the Forbes rich list and data provided by investment bank Credit Suisse, Oxfam said

the vast majority of people in the bottom half of the world’s population were facing a daily struggle to survive, with 70% of them living in low-income countries.

It was four years since the WEF had first identified inequality as a threat to social stability, but that the gap between rich and poor has continued to widen, Oxfam added.

“From Brexit to the success of Donald Trump’s presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo,” the report said.

The charity said new information had shown that poor people in China and India owned even fewer assets than previously thought, making the wealth gap more pronounced than it thought a year ago, when it announced that 62 billionaires owned the same wealth as the poorest half of the global population.

Mark Goldring, chief executive of Oxfam GB, said: “This year’s snapshot of inequality is clearer, more accurate and more shocking than ever before. It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity.

“While one in nine people on the planet will go to bed hungry tonight, a small handful of billionaires have so much wealth they would need several lifetimes to spend it. The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become.”

Mark Littlewood, director general at the Institute of Economic Affairs thinktank, said: “Once again Oxfam have come out with a report that demonises capitalism, conveniently skimming over the fact that free markets have helped over 100 million people rise out of poverty in the last year alone.”

The Oxfam report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.

Oxfam called for fundamental change to ensure that economies worked for everyone, not just “a muh privileged few”.

https://www.theguardian.com/global-development/2017/jan/16/worlds-eight-richest-people-have-same-wealth-as-poorest-50?CMP=twt_a-world_b-gdnworld




8 people = 3.5 billion people

thewindsarepickingup
2017-01-19, 11:32 PM
Inb4 republican free market fanatics religious retarts

swoll
2017-01-19, 11:37 PM
Inb4 republican free market fanatics religious retarts

http://s2.quickmeme.com/img/6c/6c2883f50569ccdd0ebb9424a5c2f743e2192750a0737f1d1c 4be77f7f9d4c20.jpg

Mfw there's 8 people in this meme

YouWillPay
2017-01-20, 01:13 AM
So? Focusing on what other people have is pretty pathetic IMO. Focus on yourself you ignorant slack jaw

swoll
2017-01-20, 01:15 AM
So? Focusing on what other people have is pretty pathetic IMO

http://blacksportsonline.com/home/wp-content/uploads/2015/06/nick-young-confused-face.jpg

YouWillPay
2017-01-20, 01:17 AM
http://blacksportsonline.com/home/wp-content/uploads/2015/06/nick-young-confused-face.jpg

You act like those numbers = injustices taking place

LMFAO

swoll
2017-01-20, 01:20 AM
You act like those numbers = injustices taking place

LMFAO

What the fuck are you trolling? Do you think 8 people owning more than 3.5 billion people combined is through puritan hard work? Or was it through exploitation?

YouWillPay
2017-01-20, 01:23 AM
What the fuck are you trolling? Do you think 8 people owning more than 3.5 billion people is through puritan hard work? Or was it through exploitation?

Working hard doesn't mean shit. Anyone can work hard. Working smart is what makes people rich. Mad? Also LOL @ you comparing wealth of first-world businessmen to peasants in third world countries. Strong argument there brah

swoll
2017-01-20, 01:26 AM
Working hard doesn't mean shit. Anyone can work hard. Working smart is what makes people rich. Mad? Also LOL @ you comparing wealth of first-world businessmen to peasants in third world countries. Strong argument there brah

Um okay? Working smart for them is exploitation of the working class. They didn't earn what they make. Which is 8 people combining 3.5 billion of the peoples' wealth

YouWillPay
2017-01-20, 01:31 AM
Working smart for them is exploitation of the working class.


Elaborate with specifics. This should be hilarious


They didn't earn what they make.


Textbook COPE response


Which is 8 people combining half of the world's wealth

LMFAO @ your black-and-white outlook. Life is just so simple for you, isn't it? LMFAO

housemang
2017-01-20, 01:35 AM
interesting

Phoenix
2017-01-20, 01:35 AM
lemme get a hundo stacks sir

swoll
2017-01-20, 01:37 AM
Elaborate with specifics. This should be hilarious



Textbook COPE response



LMFAO

Lmfao you rightist cucks are so weird. You are not the rich elite, you are not them, why are you defending them? Lmao. Be for your own self interest. We are all the working class.

Elaborate on the specifics: https://en.wikipedia.org/wiki/Labor_theory_of_value
https://en.wikipedia.org/wiki/Surplus_value

YouWillPay
2017-01-20, 01:41 AM
Lmfao you rightist cucks are so weird. You are not the rich elite, you are not them, why are you defending them? Lmao. Be for your own self interest. We are all the working class.


Be for your own self interest? So you should vote based on what a politician promises to give you? Sounds like selling out. Me, I don't count on politicians to improve my life... because I'm an adult. Do you live in the USA? If so fucking LOL if you can't make any money on your own



Elaborate on the specifics: https://en.wikipedia.org/wiki/Labor_theory_of_value



At present, this concept is usually associated with Marxian economics.


Stopped reading there LMFAO

swoll
2017-01-20, 01:46 AM
Be for your own self interest? So you should vote based on what a politician promises to give you? Sounds like selling out. Me, I don't count on politicians to improve my life... because I'm an adult. Do you live in the USA? If so fucking LOL if you can't make any money on your own





Stopped reading there LMFAO

Not surprised a rightist is scared to read actual theory

YouWillPay
2017-01-20, 01:50 AM
Not surprised a rightist is scared to read actual theory

Theory, LOL. It's irrelevant anyway. Why do you rely on other people to lift you up? Are you a child (serious question)?

swoll
2017-01-20, 01:53 AM
Theory, LOL. It's irrelevant anyway. Why do you rely on other people to lift you up? Are you a child (serious question)?

When did I say I rely on people to lift me up? Are you mentally retarded?

swoll
2017-01-20, 01:54 AM
You just said theory is irrelevant. Kill yourself retard.

YouWillPay
2017-01-20, 01:58 AM
When did I say I rely on people to lift me up? Are you mentally retarded?

That's how idiots like you think. It's obvious you associate with no one that has actually achieved anything


You just said theory is irrelevant. Kill yourself retard.

Sure did, because it is. Marxism, LMFAO. Go smoke some weed with your loser friends - I'm sure an echo chamber for underachievers is empowering. Better yet, try hanging out with someone that has actually achieved something. Compare their life with yours and it will become clear as day why some people have more money than others, LOL

thewindsarepickingup
2017-01-20, 01:59 AM
Leftists are just jelly

Cause 8 people are as smart as 3.5 billion

thewindsarepickingup
2017-01-20, 02:04 AM
Youwillpay is clearly an overachiever

YouWillPay
2017-01-20, 02:08 AM
Youwillpay is clearly an overachiever

And this thread marks my latest achievement, which was many LULZ at swoll's expense. Always fun destroying an underachiever

swoll
2017-01-20, 02:08 AM
That's how idiots like you think. It's obvious you associate with no one that has actually achieved anything



Sure did, because it is. Marxism, LMFAO. Go smoke some weed with your loser friends - I'm sure an echo chamber for underachievers is empowering. Better yet, try hanging out with someone that has actually achieved something. Compare their life with yours and it will become clear as day why some people have more money than others, LOL

Marxism = free stuff and dude weed lmao. Read a book for once you fucking retard.

:jordan:

YouWillPay
2017-01-20, 02:10 AM
Marxism = free stuff and dude weed lmao. Read a book for once you fucking retard.

:jordan:

And yet he continues to ignore my sound logic. Why do you choose to be a loser?

YouWillPay
2017-01-20, 02:13 AM
Calls me a "fucking retard," but compares the wealth of first-world businessmen to that of third-world peasants. Oh the irony, LMFAO!

swoll
2017-01-20, 08:16 AM
And this thread marks my latest achievement, which was many LULZ at swoll's expense. Always fun destroying an underachiever

You didn't say anything you delusional cuck lmao. Inb4 I'm more successful than you and half your age. Underachiever.

YouWillPay
2017-01-20, 01:10 PM
You didn't say anything you delusional cuck lmao. Inb4 I'm more successful than you and half your age. Underachiever.

If I was half your age, I'd probably be around 9. Delusional kids always think they have the world figured out. Marxism, LMFAO!

thewindsarepickingup
2017-01-21, 12:06 AM
And this thread marks my latest achievement, which was many LULZ at swoll's expense. Always fun destroying an underachiever
You're not even on topic fucking idiot.

This achievement is just like all the others in your life, only in your head.

YouWillPay
2017-01-21, 12:31 AM
You're not even on topic fucking idiot.

This achievement is just like all the others in your life, only in your head.

How can you be red on FitMisc? You must be a special kind of phaggot.

CUCKHINOOOO
2017-02-03, 07:28 AM
It's obvious to everyone they didn't get there by hard work.

Take the elites dick out of your ass u beta bitch.

nihilixm
2017-02-03, 11:55 AM
thats why we need NATIONAL socialism :)

Lil Flinch
2017-02-03, 11:55 AM
Inb4 republican free market fanatics religious retarts

See I knew there was some good in you srs.

YouWillPay
2017-02-03, 11:37 PM
ITT: broke socialist betas with no education, no valuable skills and no business sense. Derp, wealthy people cheat, derp! It's impossible to get rich without cheating, DERP!

LMFAO

Lil Flinch
2017-02-04, 12:23 AM
ITT: broke socialist betas with no education, no valuable skills and no business sense. Derp, wealthy people cheat, derp! It's impossible to get rich without cheating, DERP!

LMFAO

Not at all. In America at least Billionaires donate millions of dollars to politicians through superpacs or like $500k paid speaches and in return they get insane tax breaks, they get deregulation or other laws written or taken away to benefit them I will give you 3 basic examples. There are in infinite amount of them so I'll just give a couple.

The pharmaceutical industry donates tons of money. One of there MANY kickbacks is that they are VERY against the federal legalization of marijuana and medical marijuana. Why? It's funny how the general public doesn't have a problem AT ALL with weed but it's still illegal? Because medical marijuana would put a MASSIVE dent into the amount of prescription opiates prescribed. There are many obvious problems with opiates but there is no real alternate option right now. If you have chronic back pain either deal with it or take your 5mg of percocet twice a day. Those are your two options. The pharmacutical industry cashes in BIG because of that. If marijuana gets legalized for recreational use or for medical use, that gives the person with back pain another option that is almost as effective with FAR less side effects. Trust me though, America hands out opiates like its NOTHING and the pharmaceutical industry wants to keep it like that.

Another one of the biggest donors is the oil/natural gas industry more specifically exxonmobile. Have you ever wondered why there are some politicians that don't believe in global warming/climate change when something like 97% of scientists agree its happening? I feel like the only peope who don't in media are the far right wackjobs like Alex Jones who think aliens are going to invade us. EVERYONE KNOWS THAT SHIT IS HAPPENING. Many politicians deny this clear fact because many of these establishment candidates take BIG money from Exxonmobile and other oil companies. Having climate change regulation would seriously hurt there profits, so they just pretend like it doesn't exist after a couple million dollars is donated.

This last one is probably the most obvious one, it's all the money taken by politicians from wall st. Politicians do all types of deregulation on the banks to basically let them do whatever the fuck they want. Back before the crash in 2007, Bush and Bill Clinton did their banker buddies a favor and deregulated the banks so they could gamble with peoples savings, give out loans to people who had NO business taking them out just so the bankers could hit crazy quotas and get bonuses. Endless other deregulations.. All this benefited the bankers and the rich donors who invested in them. This was not in the interest of the American people because they were given insane loans that there was no way they could ever pay back.

It's basically as if the richest people in the country legally bribe the politicians. This isnt conspiracy theory at all either this is pretty well documented that superpacs are legalized bribery.

OpenSecrets.org is a website that you should look into.

Just do some research. You generic arguments literally pained me too read. You don't need politicians to improve your life? People like you are what makes it work for them. Don't even realize that your at the bottom and your gonna stay at the bottom while all the growth is going to the top. SMH

I have a decent job too, I'm 23 and making 24/hr and once I past my test in june I will be making 35-50+/hr...So none of this, your just a loser bullshit. I just have observation skills. You choose to not even look.

YouWillPay
2017-02-04, 01:29 AM
Not at all. In America at least Billionaires donate millions of dollars to politicians through superpacs or like $500k paid speaches and in return they get insane tax breaks, they get deregulation or other laws written or taken away to benefit them I will give you 3 basic examples. There are in infinite amount of them so I'll just give a couple.

The pharmaceutical industry donates tons of money. One of there MANY kickbacks is that they are VERY against the federal legalization of marijuana and medical marijuana. Why? It's funny how the general public doesn't have a problem AT ALL with weed but it's still illegal? Because medical marijuana would put a MASSIVE dent into the amount of prescription opiates prescribed. There are many obvious problems with opiates but there is no real alternate option right now. If you have chronic back pain either deal with it or take your 5mg of percocet twice a day. Those are your two options. The pharmacutical industry cashes in BIG because of that. If marijuana gets legalized for recreational use or for medical use, that gives the person with back pain another option that is almost as effective with FAR less side effects. Trust me though, America hands out opiates like its NOTHING and the pharmaceutical industry wants to keep it like that.

Another one of the biggest donors is the oil/natural gas industry more specifically exxonmobile. Have you ever wondered why there are some politicians that don't believe in global warming/climate change when something like 97% of scientists agree its happening? I feel like the only peope who don't in media are the far right wackjobs like Alex Jones who think aliens are going to invade us. EVERYONE KNOWS THAT SHIT IS HAPPENING. Many politicians deny this clear fact because many of these establishment candidates take BIG money from Exxonmobile and other oil companies. Having climate change regulation would seriously hurt there profits, so they just pretend like it doesn't exist after a couple million dollars is donated.

This last one is probably the most obvious one, it's all the money taken by politicians from wall st. Politicians do all types of deregulation on the banks to basically let them do whatever the fuck they want. Back before the crash in 2007, Bush and Bill Clinton did their banker buddies a favor and deregulated the banks so they could gamble with peoples savings, give out loans to people who had NO business taking them out just so the bankers could hit crazy quotas and get bonuses. Endless other deregulations.. All this benefited the bankers and the rich donors who invested in them. This was not in the interest of the American people because they were given insane loans that there was no way they could ever pay back.

It's basically as if the richest people in the country legally bribe the politicians. This isnt conspiracy theory at all either this is pretty well documented that superpacs are legalized bribery.

OpenSecrets.org is a website that you should look into.

Just do some research. You generic arguments literally pained me too read. You don't need politicians to improve your life? People like you are what makes it work for them. Don't even realize that your at the bottom and your gonna stay at the bottom while all the growth is going to the top. SMH

I have a decent job too, I'm 23 and making 24/hr and once I past my test in june I will be making 35-50+/hr...So none of this, your just a loser bullshit. I just have observation skills. You choose to not even look.

Observation skills? Son, all you did was point out examples of how billion-dollar industries lobby Washington. You think that somehow invalidates my point that advocates of socialism are almost always underachieving, unskilled losers? LMFAO! Strong logic there, sport :applouse:

Also LOL @ your .org as if that's a reputable source. Every .ORG in existence is pushing an agenda. Somebody's brainwashed... LMFAO!

Lil Flinch
2017-02-04, 01:59 AM
It's just a website that shows what companies donated how much money to what politician. Just the statistical facts, you don't have to read any of the words.

That's not true at all. I can make statements like that too watch...

Everyone who wants a purely capitalist system is either extremely rich or uninformed.

You said these things

"You act like those numbers = injustices taking place"
I gave you examples of why the fact that wealth distribution is rigged and there are injustices taking place.
"So? Focusing on what other people have is pretty pathetic IMO. Focus on yourself you ignorant slack jaw"

:what:

If the system is rigged for the richer to gain almost all the new wealth why should we not focus on that just because it's not ours?

That logic makes no sense. Nothing you said was compelling at all. You make points I respond with a pretty valid point and you say

"Those are just examples of how billion-dollar industries lobby Washington." but there "are no injustices taking place"

How do you acknowledge that the politicians are bought but there are no injustices taking place? Checkmate. *Mic drop*

HighEnergyBigly
2017-02-04, 06:21 PM
If I was half your age, I'd probably be around 9. Delusional kids always think they have the world figured out. Marxism, LMFAO!

this....best to just ignore swoll. he may grow up when he gets a job and has to start paying for stuff

Brownrice123
2017-02-04, 06:24 PM
this....best to just ignore swoll. he may grow up when he gets a job and has to start paying for stuff

Strawman

HighEnergyBigly
2017-02-04, 06:24 PM
ITT: broke socialist betas with no education, no valuable skills and no business sense. Derp, wealthy people cheat, derp! It's impossible to get rich without cheating, DERP!

LMFAO

hahaha thats them in a nutshut. not to mention the richest people in the world, for example bill gates...make a TON of people's lives better. and young socialist idiots like swoll dont understand that wealth is not finite. they (falsely) think there is a fixed amount of money (wealth) in the world, and if someone is rich they are stealing from someone else. This is a major fallacy that socialists dont seem to understand. a lot of them smarten up as they get older, but not all

HighEnergyBigly
2017-02-04, 06:25 PM
Strawman

think you should look up straw man

Brownrice123
2017-02-04, 06:29 PM
think you should look up straw man

http://heritageaction.com/wp-content/uploads/2013/08/Strawman.jpg

thewindsarepickingup
2017-02-04, 06:40 PM
hahaha thats them in a nutshut. not to mention the richest people in the world, for example bill gates...make a TON of people's lives better. and young socialist idiots like swoll dont understand that wealth is not finite. they (falsely) think there is a fixed amount of money (wealth) in the world, and if someone is rich they are stealing from someone else. This is a major fallacy that socialists dont seem to understand. a lot of them smarten up as they get older, but not all

Finite planet
Finite amount of people
Finite amount of work and time

But there is an infinite amount of wealth.

Everyone is going to have a castle and a lamborghini, that's what idiots you like to think to make themselves feel good.

You're going to get rich pal

And leave internet forums hopefully

HighEnergyBigly
2017-02-04, 06:50 PM
Finite planet
Finite amount of people
Finite amount of work and time

But there is an infinite amount of wealth.

Everyone is going to have a castle and a lamborghini, that's what idiots you like to think to make themselves feel good.

You're going to get rich pal

And leave internet forums hopefully

so right now we arent more wealthy as a species than lets say....1000 years ago? 10000 years ago?

i always find it laughable when someone insults someone for being on an internet forum that they themselves are also on...insulting yourself as well as everyone else here, including those on your side.

thewindsarepickingup
2017-02-04, 09:43 PM
So?

HighEnergyBigly
2017-02-04, 10:31 PM
So?

so buttons. if that is your response (typical libtard response) then ive won the argument.

when someone invents something new....cell phone, computer, penicillin, cancer cure, uber etc and they make billions, they arent stealing a $1 from one billion poor people. you know this right? but when you want to tax someone 50% or more of their income to pay for someones healthcare you ARE stealing. its armed robbery. you are NOT entitled to someone else's money or services.

"Taxation is Theft" - Ron Paul

thewindsarepickingup
2017-02-04, 10:41 PM
Oh it's really about inventing something new?

What did Donald Trump invent for example?

HighEnergyBigly
2017-02-04, 10:42 PM
Oh it's really about inventing something new?

What did Donald Trump invent for example?

shit ton of real estate and a shit ton of jobs

YouWillPay
2017-02-04, 11:39 PM
shit ton of real estate and a shit ton of jobs

x2

Besides, why are communist CUNTS so focused on the super wealthy? Why not focus on elevating yourself to the middle class by bettering yourself, instead of complaining that rich people aren't giving away enough of their money (LOL)? Respect the people that do life better than you, and learn from them.

https://s-media-cache-ak0.pinimg.com/736x/b5/1b/5e/b51b5e9df9f12409886dfc8ef9ce4516.jpg

HighEnergyBigly
2017-02-04, 11:42 PM
x2

Besides, why are communist CUNTS so focused on the super wealthy? Why not focus on elevating yourself to the middle class, instead of complaining that rich people aren't giving away enough of their money (LOL)?

https://s-media-cache-ak0.pinimg.com/736x/b5/1b/5e/b51b5e9df9f12409886dfc8ef9ce4516.jpg

mental disorders and conditioning since young ages by education and media....participation trophies etc

they have been convinced if they dont finish first its because the system is unfair/immoral. they can not fathom they are just not as smart as Trump or a CEO or not as athletic as an athlete.

its tough for them to flip off these nuero connections they have made.

HighEnergyBigly
2017-02-05, 06:40 AM
http://i.imgur.com/2Awn9tZ.jpg

thewindsarepickingup
2017-02-05, 12:51 PM
shit ton of real estate and a shit ton of jobs

Wouldn't it be the same if there was 1000 people with the same amount of real estate as Donald Trump instead?

How does Donald Trump make my life better being a billionnaire them?