Results 1 to 14 of 14
  1. #1
    Thailand Expat
    Hans Mann's Avatar
    Join Date
    Aug 2013
    Last Online
    01-07-2016 @ 05:52 AM
    Location
    Land of Laughs
    Posts
    5,764

    62 richest people have as much wealth as half the world



    The world's 62 richest billionaires have as much wealth as the bottom half of the world's population, according to a new report from Oxfam International.

    The wealthiest have seen their net worth soar over the five years ending in 2015. Back in 2010, it took 388 mega-rich people to own as much as half the world.

    And the Top 1% own more than everyone else combined -- a milestone reached in 2015, a year earlier than Oxfam had predicted.

    Oxfam released its annual report ahead of the World Economic Forum in the Swiss city of Davos, a yearly gathering of political and financial leaders. The study draws from the Forbes annual list of billionaires and Credit Suisse's Global Wealth Datebook.

    The 62 richest people have as much wealth as half the world - Jan. 17, 2016

  2. #2
    Thailand Expat
    Join Date
    Jun 2014
    Last Online
    @
    Posts
    18,030
    Grotesque extreme...

  3. #3
    Member
    Henrie's Avatar
    Join Date
    Dec 2015
    Last Online
    @
    Posts
    659
    Hasn't the world always been this way? Every population in history has had gold-clad rulers, Pharaohs, kings and emperors. These are the 21 century version.

  4. #4
    Molecular Mixup
    blue's Avatar
    Join Date
    Aug 2010
    Last Online
    09-06-2019 @ 01:29 AM
    Location
    54N
    Posts
    11,353
    Quote Originally Posted by Henrie View Post
    Hasn't the world always been this way? Every population in history has had gold-clad rulers, Pharaohs, kings and emperors. These are the 21 century version.
    the point is:
    The wealthiest have seen their net worth soar over the five years ending in 2015.
    Back in 2010, it took 388 mega-rich people to own as much as half the world.

  5. #5
    Member
    Henrie's Avatar
    Join Date
    Dec 2015
    Last Online
    @
    Posts
    659
    It all seems pointless. These top 62 might have had $10 billion each five years ago and now they have $20 billion each. It makes not an ounce of difference to the lifestyle they can lead.

  6. #6
    Thailand Expat

    Join Date
    Sep 2014
    Last Online
    @
    Posts
    6,269
    That's so fucked up bros... really..

    So If we were to take the wealth of those mere 68 individuals and allocate that where most needed, we could end world poverty?

    Probably not quite so simple.. but you see my point?

    There should be a cap to how much money an individual can amass..

    (I know that sounds communist minded)... but I mean a huge, big ass cap..

    It's hard, because on one side I believe in freedom to make as much money as you bloody can/want... on the other side, think of all the good and lives that could be saved with all that money...

    Bring back Robin Hood, I say...

  7. #7
    Thailand Expat
    sabang's Avatar
    Join Date
    Feb 2006
    Last Online
    04-09-2019 @ 05:06 AM
    Location
    BackinOz
    Posts
    30,807
    Quote Originally Posted by NZdick1983
    There should be a cap to how much money an individual can amass..
    I don't believe in that, but I do believe the ultra-rich should be taxed more.
    There should be a Wealth and an Inheritance tax, not so much for mere millionaires, rather Megarich.

  8. #8
    Thailand Expat

    Join Date
    Sep 2014
    Last Online
    @
    Posts
    6,269
    ^ Agree... I would like to be rich (wouldn't we all?) but to have 20 billion vs 1 billion how much difference does it make?

    Having a stable of supercars vs 2 or 3? have 1 yacht vs 2 or 3... etc, etc...

    I just want to have enough passive income to not "have" to work in my dotage and be able to chill with my lady... lounge about home/beach, smoke weed like breathing air, work on my tan while sipping rum and coke... sabai sabai...

  9. #9
    Thailand Expat
    VocalNeal's Avatar
    Join Date
    Jul 2007
    Last Online
    Today @ 02:05 PM
    Location
    Bangkok
    Posts
    11,263
    Quote Originally Posted by NZdick1983 View Post
    That's so fucked up bros... really..
    So If we were to take the wealth of those mere 68 individuals and allocate that where most needed, we could end world poverty?
    Sadly this as a fallacy. What happens is everyone ends up with a little and then no one has enough money to do any real good.

    This is the same reason why the wealthy of old did not split up their estates and give equal shares to all their offspring. The eldest son inherits and manages the estate and gives a stipend to his siblings. Second son army/navy, third son clergy etc. If one splits it all up then there are a collection of small estates, which does nothing.
    Last edited by VocalNeal; 18-01-2016 at 10:33 AM.
    Better to think inside the pub, than outside the box?
    I apologize if any offence was caused. unless it was intended.
    You people, you think I know feck nothing; I tell you: I know feck all
    Those who cannot change their mind, cannot change anything.

  10. #10
    Balls to Monty
    Looper's Avatar
    Join Date
    Jun 2007
    Last Online
    Yesterday @ 01:45 AM
    Posts
    12,011
    I don't mind people being super rich provided

    1. they did not inherit the wealth
    2. they donate 95% of their wealth to charity when they die

  11. #11
    Member
    Deckwan's Avatar
    Join Date
    Aug 2015
    Last Online
    17-09-2018 @ 11:52 AM
    Location
    Face down in a Chatuchak gutter
    Posts
    146
    This is what the QE central bank money printing did...it was a huge give away to the 1%.... disgusting!!

  12. #12
    Member
    Henrie's Avatar
    Join Date
    Dec 2015
    Last Online
    @
    Posts
    659
    Quote Originally Posted by Looper View Post
    I don't mind people being super rich provided

    1. they did not inherit the wealth
    2. they donate 95% of their wealth to charity when they die
    Why not 2% per year while they are alive? That is what the Facebook guru is doing.

  13. #13
    Balls to Monty
    Looper's Avatar
    Join Date
    Jun 2007
    Last Online
    Yesterday @ 01:45 AM
    Posts
    12,011
    I think it is up to the rich person if they want to do that but I think the amount that a rich person can bequeath or gift to another person should be capped at a few million.

    Enough to give them a modest life of leisure if that is what they want but not a life of the ultra-rich as an inheritance.

    Also I don't think multi-billion dollar corporations should be bequeath-able to offspring and individuals.

    I think people should be allowed to acquire wealth and build empires and become super-rich through their endeavours (assuming this is without unreasonably exploiting other humans). I think freedom to compete economically is how economies are driven to some extent. I just don't think massive wealth should ever be inherited as a birth right.

  14. #14
    Molecular Mixup
    blue's Avatar
    Join Date
    Aug 2010
    Last Online
    09-06-2019 @ 01:29 AM
    Location
    54N
    Posts
    11,353
    The problem is many countries like Britain are in a pathetic competition to attract the rich and so tax them fuck all.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •