LINK 26 Billionaires Own The Same Wealth As The Poorest 3.8 Billion People | HuffPost
The Public Good or Private Wealth? report, published Sunday, found that the wealth of billionaires has increased by $900 billion in the last year, or $2.5 billion a day. This bonanza has not been felt by the poorest half of the world, which saw its wealth decline by 11 percent.
Since the 2008 financial crisis, the number of billionaires has doubled, according to the report, and the very rich along with corporations are paying lower taxes than they have in decades. At the same time, 3.4 billion people are living in poverty on less than $5.50 a day, and women are often hardest hit. Men hold 50 percent more of the world’s wealth than women, according to the report.
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Feel free to reply to any comment by clicking the "Reply" button.It's always easy to divide, to attack one group or another. How about this statistic:
Every single day for more than a decade 270,000 people have been lifted out of extreme poverty, and by the same forces that double the number of billionaires.
Wealth envy is an ugly thing, particularly when isolated from other important information.
jeshuey
Level 8
Jan 21, 2019
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Did You Used the word "Lifted"? How about those "Pushed" from Poverty to Extreme Poverty?
@GipsyOfNewSpain you cite evidence there of and I'll take you seriously.
@jeshuey Problem is I DON'T TAKE YOU SERIOUS... You are a Dinosaur after all. Science Can Not Keep you or Your politics Alive!!!!
People think that this is a sign that our current iteration of capitalism is broken -that what we need to course correct and everything will be fine- but this actually exactly how capitalism is supposed to work. When we figure that out...
ghettophilosopher
Level 7
Jan 21, 2019
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Yeah, but so many are too stupid to comprehend that. When I try to explain it, I'm often given the reply "well, they worked that much harder". They don't even comprehend how dumb their own statement is.
chucklesIII
Level 7
Jan 21, 2019
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