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Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.

Oxfam’s report, ‘An economy for the 99 percent’, shows that the gap between rich and poor is far greater than had been feared. It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.

New and better data on the distribution of global wealth – particularly in India and China – indicates that the poorest half of the world has less wealth than had been previously thought.  Had this new data been available last year, it would have shown that nine billionaires owned the same wealth as the poorest half of the planet, and not 62, as Oxfam calculated at the time.

it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

Same 8 men will lose the wealth of half the world... when they die.    8)

it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They are poor because they were producing dozens of children each, rather than concentrating on education. Even if the super-rich donates a part of their fortune to these people, they will return to poverty after a short while. There is only one permanent method to end poverty - family planning.

There are people who live in those simple houses and are very happy compared to many people who live in their palaces.

They could bring a whole country back from debt and poverty or run a prospering one into debt.

They could do it, with the help of corrupt politicians. Take the case of Greece as an example. The two mainstream parties (PASOK and New Democracy) not only allowed the oligarchs to loot the national wealth, but also turned a blind eye when these criminals were moving the funds to safe heavens in London and Geneva. Without such politicians, the Bilderberg group will be powerless to manipulate the economy.

That's true. I've seen a map of corruption in the world and, sadly, the poorer the country the more corrupt it was. I'm sure you've seen what happened in Ukraine couple years ago. The protesters were being paid to be there, they even openly admitted it in front of the cameras that people are sending them money to fight the government and some said they were getting daily wages.
On the other hand they had to do something. People were earning $200 a month and their politicians were living in palaces: http://www.telegraph.co.uk/news/worldnews/europe/ukraine/10656023/In-pictures-Inside-the-palace-Yanukovych-didnt-want-Ukraine-to-see.html

There is no point in being jealous. They became rich through their hard work. For example, Bill Gates put decades of effort for Microsoft, before the Windows OS and MS Office became popular. None of them were born with a silver spoon in their mouth.

If you like, Trump the start-up capital by his father. I think that with the release of the land helped. Look how we live the children of the rich. How do you say in Russian "Money goes to money". You agree with this idea?

Trump managed to convert an investment of $30 million given by his father to a $3 billion business. On the other hand, there are a lot of people who inherited fortunes worth billions, but ended up as dirt poor.

Bahahaha what a sheep.
That russian troll belives that Putin is santa claus.

It has always been the same, and it will always be the same. Nobody will or can do shit about it.

There is no point in being jealous. They became rich through their hard work. For example, Bill Gates put decades of effort for Microsoft, before the Windows OS and MS Office became popular. None of them were born with a silver spoon in their mouth.

They are poor because they were producing dozens of children each, rather than concentrating on education. Even if the super-rich donates a part of their fortune to these people, they will return to poverty after a short while. There is only one permanent method to end poverty - family planning.

Bahahaha what a sheep.
That russian troll belives that Putin is santa claus.

False. Today is the first time where we have such a strong wealth inequality

Sure, they clearly deserve owning half of the world. I mean, they clearly produce a work that deserves that  ::)
How dumb can you be?


Oh ok, this dumb...
Sure sure sure, I mean clearly if there is not a single Kenyan who's a billionaire, it's just because they chose to not work and study at school. Clearly it's THEIR fault, we were all born equal and those are just stupid enough to go up.
You're ignored, I'm tired of your stupidity. You don't deserve anything but to go back to school...

Unfortunately very few of these people earned their money thanks to the outstanding abilities. They are all heirs of the ruling clans. Power and money inherited. It says that the world is ruled not people, and money.

Yes, and the worst par is that even those who earned this money don't deserve to pwn half of the world!

Yeah billgate created a huge company!
Yeah Zuckerberg had a brillant idea!
Do they deserve to own so much? Does that mean that without them the world would have beeb so different?

No. Without bill Gates someone would have had the idea of PC sooner or later. And in this case rather soon... and what did Zuckerberg bring to the world apart from a chat platform with loads of adds?

I agree with you. Only I can tell you that Zuckerberg and bill gates are not the worst in this list. They even did anything. What did the Morgans, the Rothschilds? Only plunder people and the state. I am against these people. They causes of crises in the world.

I don't know if he's russian but the worst part is that I think he's serious...
Some people ACTUALLY believe that earning money and living a good life is a question of work amount...
Which is clearly not the case anymore! If it ever was...

It has always been the same, and it will always be the same. Nobody will or can do shit about it.

While there has always been a disparity in the distribution of wealth and in a way that is understandable, the difference has grew incredibly large in the last centuries, in the past there was not efficient medical attention whether you were rich or poor, now the richest have access to the best doctors, medicines and hospitals while the poor still don't have access to medical attention.

This is not strange for me. Always the same things were happened and will not ever be changed. According to the live count of Forbes, only on the last day (of count) Warren Buffet, the third richest man in the world, added US $ 1.3 billion in his fortune. Check out the ranking of 2016 http://www.forbes.com/billionaires/list/#version:realtime

Today he lost 201 million dollars. It's certainly not a very big loss if we compare with his status, but still a loss. I believe that exchange was conceived as an aid to investing, but now they are just an object for speculation.

  I often think how much money I need to have to buy house on very nice place, new car, house on a see, and to have money for the rest of my life for food and other things. My calculations are on 1 million euros! Thats right with 1 million I can have all this! And I ask my self what can this men do with their billions? What? For what and for whom are they making that money? Stupid people, thats is what I think about them and I wonder how they can sleep at night. Cause of this 8 people and their followers kids die every day cause they dont have food and watter, and do I need to start talking about poverty in this world? Shame on them!

They are not interested in your opinion. They have completely different costs and completely different needs. For them your million euros is not money at all. For all this, they will not give you a penny because it contradicts their ideology.

No.
Not at all in fact.
They have different DESIRES yes.
But they have EXACTLY the same needs as you do.
That's why wealth inequality is a problem

There is no point in being jealous. They became rich through their hard work. For example, Bill Gates put decades of effort for Microsoft, before the Windows OS and MS Office became popular. None of them were born with a silver spoon in their mouth.

I haven't researched about this case but if this is true then I can say that if the money would be spread to all people in the world then there would not be poor or rich people and all would be considered equal. World populations is estimated to 7 billion so those 8 men are as rich as 3.5 billion people in the world.

They are not interested in your opinion. They have completely different costs and completely different needs. For them your million euros is not money at all. For all this, they will not give you a penny because it contradicts their ideology.

The system is rigged and nothing will happen until enough people are so deep in shit that they can't handle it anymore and the revolution begins.

It has always been the same, and it will always be the same. Nobody will or can do shit about it.

If that is true then I dont have problem with that so far they made their money and they are not stooping anyone from making his own.

This disparity is creating a lot of difference. There should be some extra taxes on such billionaires so that they can contribute extra to the welfare of the needy people

Can't agree with any such measure. Are you going to punish them for being able to make money? If you do so, then they will simply close their factories and stay at home. Millions of people will lose their jobs and the government will receive a much reduced tax revenue.

Can't agree with any such measure. Are you going to punish them for being able to make money? If you do so, then they will simply close their factories and stay at home. Millions of people will lose their jobs and the government will receive a much reduced tax revenue.

Can't agree with any such measure. Are you going to punish them for being able to make money? If you do so, then they will simply close their factories and stay at home. Millions of people will lose their jobs and the government will receive a much reduced tax revenue.

OMG just shut up and kill yourself stupid sheep ><
It's impossible to discuss with someone actually thinking that someone earning billions CAN DESERVE IT ><

I do not like those who earns a lot of money and spends it on their well-being. From them no good. In order to enrich themselves they take them from others. However, they are so because society allows them. Who is to blame?

Thank you this is interesting.
The question you added is the right one. Who is to blame? I would just add "what should be changed?"

Those people are only partly responsible that's for sure. The whole society is built in giving them more and more, they would have to make huge effort to change the society... Into a society less favorable to them. That's not logical ^^
So I'm not saying we should just kill them all sure... Those just living in this system well they did nothing wrong. Nothing good but nothing wrong.
Problem is that lots of them are using their power and wealth to continue abusing the system and transforming society into something more and more unequal.

And THAT is a crime.
A crime for which they should be punished.

Unfortunately that peaceful means will not solve the problem. Once America was called a country with equal opportunities. Now it is not. Most of these 8 billionaires Americans. This means that they are simply monitoring the global financial flows.

Just 8 men own same wealth as half the world


https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world (https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world)

If eight people has hold the same wealth poor people has on earth is a great inequality. What this means if it true is there will ever be war on earth. The poor masses' has been brain wash by the social media, radio and tv that they arm are the reason there is Government but in this report I think it is better we should not have Government. Leaders all over the world are pulpy to the wealthiest of the earth. The Rothschild control 95% of the central and treasure house around the world. Most war been fight on earth today is for the evils interest of those evil man to keep their fellow human beings in forever slavery and poverty. God is watching us.

The poor people remain in poverty, because they give more importance to producing children than education. Take the Philippines for example. The Catholic church has banned family planning in that country. As a result, there are more than 100 million people living in tiny crowded islands. The population is fed by the remittance sent by the migrant workers.

The poor people remain in poverty, because they give more importance to producing children than education. Take the Philippines for example. The Catholic church has banned family planning in that country. As a result, there are more than 100 million people living in tiny crowded islands. The population is fed by the remittance sent by the migrant workers.

It seems to me that not all the fault of the Church. The poorer the country the less educated people and the more children they have. They have no purpose in life. Children mi is necessary as slaves. Girls are sold into sexual slavery and the boys support their families.

It's a medieval economy, ffs, with aristocrats and royalties. Democracy is a joke, we actually live in aristocracy.

All the renessaince and enlightenment age is fading away and we are going into barbarous dark ages, where brutality increases again.

WTF is happening in europe, what is all that fucking violence? It's just horible.

Wealth inequality is just 1 sympthom, but the violence is the other, people are very violent these days. Why???

People must become civilized now, and give up this violent bullshit.

It seems to me that not all the fault of the Church. The poorer the country the less educated people and the more children they have. They have no purpose in life. Children mi is necessary as slaves. Girls are sold into sexual slavery and the boys support their families.

Yup indeed.
First step would be to stop attacking random countries I'd say xD

And most important would probably to reach for democracy....
As you said we don't have anything close to that, but it doesn't mean I can't create one :)

Who will do it? And why would a democracy be better than what we have now?

If dumb people let this thing happen as it is now, then what makes you think, that suddenly if everyone had a voice, things will be better? Because it will be the same dumb people voting, who let this happen.

I start to think that humanity is un-saveable, because all evil things have been done with the consent of dumb people.

Who? Well seems like the only one having interest in a democracy would be the people. It has to come from the people because no aristocracy would want a real democracy.

No, what was evil was not made with the consent of dumb people but with their inaction.
It's not that people are dumb, it's that they have been educated into stupid beings without any critical thinking.

A true direct democracy would give a lot of power to everyone.
First advantage: no longer corruption and manipulation by the elites. You can corrup 100 deputies, you can't corrup 100millions citizens. Just that would make everything SO BETTER
Second advantage: people would start being interested and learn from politics.
You got majority of people who don't care about politics because they think they can't change anything.

Start giving them power and they'll start thinking about it Wink

I am pretty sure people did love Stalin and Hitler back then, everyone cheered for them, and look what happened!

No people are dumb morons. No amount of education will help this.

You can corrupt 100 million people by giving them welfare, of course you can. It's not like average people are angels.

What makes you think that the averagr guy on the street is anything better than the elite? If he were in his position, he would be exactly the same.

People are dumb and evil, get used to it.

They are poor because they were producing dozens of children each, rather than concentrating on education. Even if the super-rich donates a part of their fortune to these people, they will return to poverty after a short while. There is only one permanent method to end poverty - family planning.

having a lots of children is not resulting for a poverty. on the early 70's many families have greater than 7 children. but you cant say that they are poor. having a lot of children will not lead you to poverty. being lazy will. even if you have many children but you can manage to educate them all, theres no problem. the thing that leads us to sucess is wisdom and being wise.

But you are not?
Wahou, glad to know everyone is dumb and evil but YOU ARE NOT and the best is that it's not even thanks to education!
Incredible, how can you be so gifted? :D

Idiot. Arrogant idiot.

Statistically it's not being lazy that makes you poor, it's coming from a poor family.

Just 8 men own same wealth as half the world


https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world (https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world)

It is the combination of laziness and religious indoctrination, which creates poverty. There are a lot of people around us, who became super-rich as a result of their hard work. Many of them were born in poor families. For example, Howard Schultz grew up in a government subsidized apartment complex for the poor.

It is the combination of laziness and religious indoctrination, which creates poverty. There are a lot of people around us, who became super-rich as a result of their hard work. Many of them were born in poor families. For example, Howard Schultz grew up in a government subsidized apartment complex for the poor.

No.
Most of them come from very wealthy families, at least rich enough to pay them the best education.
You don't become poor because you're lazy. You become poor because you were born poor AND you don't have enough will, work, education and luck to become rich.

I agree with you. But not only money makes born in rich families to earn more income. There is still a connection. They agree among themselves and where the ordinary person does not earn the money they earn millions.

Yeah even without taking into account the social aspect with education or things like that, the social groups are important!

It's so much easier to earn money when your dad is the boss of a big company...
You get everything you need. Internships, jobs, studies, formations...

It doesn't mean you didn't earn the money, it's just SO MUCH EASIER for you...

No.
Most of them come from very wealthy families, at least rich enough to pay them the best education.
You don't become poor because you're lazy. You become poor because you were born poor AND you don't have enough will, work, education and luck to become rich.

IMO, the education must be 100% free, up to the University level. In addition to that, the students must get reimbursement for their conveyance and food/stationary expenses. This will help the poor people to grab more opportunities.

IMO, the education must be 100% free, up to the University level. In addition to that, the students must get reimbursement for their conveyance and food/stationary expenses. This will help the poor people to grab more opportunities.

It seems to me that education and not only it may not be free. I do believe that everything that comes for free it is not valued. Another thing is that it should be paid from different sources, and perhaps a loan.

You are going too far from the subject lol. They are the richest because they have the capabilities to become and they do it with harwork. Being poor or rich doesn't matter however they are i guess all from a first world country which means the probability of becoming this rich is also higher than other countries because they have the technologies and better system as well.

 I also assumed that most of the top 8 was living on the silicon valley right now where tech companies(largest) were at.

What does silicon valley? View the full list of the richest people. Most of these people have no relation to new technologies. It's the financiers. They simply speculate on the financial market. They are parasites.

That is the place where most of the biggest tech companies are operating. Lol seriously?  Of course do you know bill gates? the founder of microsoft?(which is an obvious tech? do you know marK? the founder of fb? and larry the founder of google?) both of those are probably part of the 8 men and they are all a founder of a tech company so obviously Tech are taking a huge part of becoming rich

What good is produced by Microsoft? Windows really is not the best operating system. Just due to the fact that bill gates had the advantage due to the fact that he was now cornered the market and will not allow to competitors.

What good is produced by Microsoft? Windows really is not the best operating system. Just due to the fact that bill gates had the advantage due to the fact that he was now cornered the market and will not allow to competitors.

Windows may not be the best operating system, but their support service is the best. Also, the other operating systems (especially Linux) is not compatible with most of the software and PC games. What is the use in having a computer, if you are unable to use any software? Also, I can't blame Windows for this. There are thousands of Linux versions, and software which is compatible in one version may not be compatible in another.

We all citizens must know about this research, but we must know if it is only a research or it is not a fact. We cannot claim that there are only 8 men own same wealth, because some other people, or others save money in bank, we cannot see their true money. But it is true to spread money for poor people, to have a fair living.

Exactly, i don't know if what type of user he is but usually a normal person is satisfied with the microsoft OS and aside from that they are widely known as well for their ms office it is i guess the most widely used editing type. They have actually a good products and that is why they are still on the market right now as well as the founder.

I have used various operating systems including Windows, IOS, Fedora, and Ubuntu. I found Windows the most user friendly. For tech savvy people, Ubuntu may be better, but the vast majority of the remainder is going to chose Windows.

Not reason to envy them, as because first this is a sin, and because this money did not fall from the sky (except maybe for Middle-Eastern princes, whom money rise from the soil). All of them had a genius though, or their father had it. Thus, they merit their money.

This is quite an outlier case.  I've never seen a client wish to return to a windows environment after having a non-backdoored system, mostly just because it winds up being faster and easier to use.  This is for folks of little to no technical ability. 

People "choose" windows because it comes preinstalled and nobody has told them a much easier and more functional option exists.  Who would tell them?  There's no advertising or company to say anything.  You have to be lucky enough to have somebody in your life who knows something about computers. 

I don't envy because everyone will die empty-handed...

What is the problem with that? They will enjoy a life of luxury, dining out in the finest restaurants, sipping super-expensive wine. They will be able to access the most advanced healthcare treatment and will live to an average age of 90 to 100 years.

I don't envy because everyone will die empty-handed...

Oh ok, this dumb...
Sure sure sure, I mean clearly if there is not a single Kenyan who's a billionaire, it's just because they chose to not work and study at school. Clearly it's THEIR fault, we were all born equal and those are just stupid enough to go up.
You're ignored, I'm tired of your stupidity. You don't deserve anything but to go back to school...

First of all, the statement by Oxfam is a blatant lie, and they are distorting the facts. But I am not surprised, as the liberal media outlets never tell the truth. They have made their statement, to sound like "8 men own half of all the wealth", which is false (they own around 0.1%).

Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity,

These people worked very hard and their condition is the result of their labors. We need to take an example from them. You can not approach the ocean of possibilities with a teaspoon and be content with the small when the whole world is at your feet.

First of all, the statement by Oxfam is a blatant lie, and they are distorting the facts. But I am not surprised, as the liberal media outlets never tell the truth. They have made their statement, to sound like "8 men own half of all the wealth", which is false (they own around 0.1%).

it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They should stop making babies.. Don't ya think?

Your post may be sarcastic, but in reality this is the best solution. Look at Sub Saharan Africa. The people are having 10-15 children each, and then they ask the Western nations to send them food aid saying that they can't feed their children.