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According to various studies and world inequality report 2018, large portion of world's wealth is concentrated  in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.

What governments can do to make it more equitable?


https://wir2018.wid.world/

Without need to look the studies and statistics, I think everyone know if the wealth gap between the poor and middle class with upper class are extremely far.

The poor and middle class aren't trying hard to become rich, because their mind are mostly want to earn a lot money via instant which actually impossible! majority of the people this group are spent their money to buy branded stuffs in order to get respected by many peoples. Do you know which one is selling the branded stuffs? it's the upper class!

The upper class already have a lot business, they're also make a lot money from stupid poor and middle class, so it make them can expand their business become bigger and bigger.

Why don't you think that it is the government who are those people? They are the ones who hold the majority of the world's wealth and rule the world. As Jawhead999 said, without those studies, just looking at what happens every day, the news in the media is enough to prove that there is a deep divide between the rich and poor. Society will always develop that way, there has never been and never will be justice, the rich will continue to be rich, and the poor will continue to be poor.

The solution for equality of wealth distribution will never come from government who are the same people causing the inequality.
No matter how nice a politician or public office holder is, one thing is certain, they wants to clinge to power and make more money.
I just feel there might not be any solution coming to the rescue soon. The powerful sees oppressing the powerless as a fun sport.
Just think about the reasons why so many governments of the world are against cryptocurrency.

This should be the last entity that you should be looking up to be make the gap between the rich and the poor closer. We all live in a capitalist society where money is power. The politicians in government are puppets to the billionaires whom in turn pull their strings according to their whims and interests.

I think it’s pretty obvious that the total wealth of the world is in the hands of a certain few. The wealth gap between the rich and the poor is only getting wider. We live in a capitalist society after all.

You are correct that crypto currencies can potentially play an important role to address issue of unequal distribution of wealth by empowering individuals to take control of their own wealth and financial future. However, there are challenges associated with the with the use and regulation of these technologies that need to be carefully considered and addressed. It is important for individuals and communities to have their voice heard and advocate policies and technologies that can benefit society at large. Raising awareness about benefits of adopting these technologies can help in  building momentum on governments to consider them a viable option.

This is a fairy tale... A kind but naive fairy tale about universal equality. As much as you would like, but cryptocurrency will not change the standard of living of anyone. Cryptocurrency is no different from fiat currency in terms of its distribution and "availability" for everyone.
I will prove it very simply, and you will do it yourself if you answer my question :)
Tell and describe the processes that will take place in the community if tomorrow we replace fiat currencies with cryptocurrencies? In relation to reality, please? Believe me, even while writing and thinking about the answer, you will understand how "fairytale idea" this is ....

Your numbers are way off probably. It is probably 95% - 5% or smth.

Even If what you said (or I said) was true, the govs simple can't do to fix this because there isn't anything to fix. The rich are getting richer because their ancestors did the right stuff, made the right investments and passed down their wealth to their children.

The poor is getting poorer because most of the time they are dumb as f. They shouldn't manufacture more children than they could afford and yet they do the exact opposite. While the rich make 2-3 kids at most, the poor manufacture 5-6 sometimes 10 children and they become poor like their parents too.

Why would the rich share their wealth with these dumb fucks?

Makes no sense.

The nature rewards smart people and punishes dumb people. Just like capitalism.

Only a few people hold or have more wealth than others and those who control the economy in their country. But I don't know, that's just speculation and we also don't have any studies on it for now because, as rich people, not all want to show it to the public.

The government can only help its people by providing jobs but to become rich, it seems that it must from the awareness of each citizen and how they can struggle to get that wealth. And only people who are willing to change and start trying can get wealth.

The world's politicians could do a lot to reduce these inequalities, but they don't want to, and even if they wanted to, they wouldn't be able to because they (politicians) are nothing but pawns of their masters who rule from the shadows. Today's world, which has turned into a completely consumerist society, needs as many uneducated and unaware people as possible, which they will exploit in all possible ways - whether it is the millions of poor people who work across Africa, or the hundreds of thousands of illegal immigrants who work within the EU in conditions that would could be called modern slavery.

The paradox of the whole situation is that the majority of those who are at the bottom see these billionaires as some kind of gods, and it is they who are partially responsible for their poverty.

the government will not do anything like that. they are taking more from the people so the people will keep working to pay more for the government.
the WEF is compose of people who are ruling elite of the world which even Putin was a member of it.

the WEF are saying "you will owned nothing and be happy"  this already explains they want you to have nothing. but i don't think you will be happy.

if you own nothing that means someone else owns it and only the rich guys and probably the cronies of the government officials who are among the 20%. its probably less than 20% by now

Top 1% controls 80% either directly or indirectly so the remaining 20% are not in charge of those big sharks. If you ever dreamt of the wealth distribution will be equal then it will only happen in dreams cause the rich will become richer in every kind of political structure so one who wants to get rich needs to find a way to get out of this salary job to reach higher status.

Total wealth is a variable number. You cannot equally distribute a variable number. If you try to do this you will limit the total wealth. So, you harm the total welfare. If you harm the total welfare, you share the poverty, not the wealth. Unfortunately, we must continue to watch this gap widen if we want total welfare to increase.

Capitalism has destroyed the world of religions and the socialist. There is no way to reverse this. We all have to accept this.

There is no way to make it balance. The inequality of it makes it the actual world and reality.

Even if there will be potential ways of making things balance from these powerful people, they don't wanna do it because that's the thing that's on their minds.

The imbalance is making them powerful and even with such power to make things happen for the balancing of the state and citizens, it's not part of what they wanna do.

The world populace is never certain at any point and so I wonder how this statistics is been generated but then, therr is no hidden truth of the fact that, there is an unequal distribution of wealth amongst the world's people. Its been as such from the beginning of time where wealth was defined by sheeps, goats, cows and even wives. Of course times have changed and it is now in the terms of assets, investments and luxury items.

There is absolutely nothing the government can do to close in on the gap between the rich forks in the society and the poor once. Ideas are the bases to wealth generation. Some might have it and not even able to bring it to a physical manifestation while others can conceive it and still have the ability to. This becomes the definitive factor for most and is apparently what everyone can't have in equal. There would always be a class in the society and those that are already ahead will always sort means to remain ahead.

I think this is true that 80% of the worlds wealth is in the hands of 20% because there are many poor people in the world and only few people are rich i see that more people suffering from poverty there are people that is in the average status and there are people that doesn't have stable job so i believe more people suffer from poverty than to those people who are very rich.

Whatever governments do, this noble goal will not be achieved, because the rich have access to the necessary resources and judicial powers that make it impossible for their wealth to decrease to equal with the poor.
The best system that can be obtained is to distribute the wealth in a better way so that 80% of the people are members of the middle class, and then 10% are rich and 10% are poor, and then raise the level of poverty to be humanly decent for many (maybe $20- $200 a day is good)

True, rich getting richer and poor getting poorer, so that definitely makes the gap getting bigger as time pass by.


The poor and middle class are trying to be rich but they are given limited opportunities.  With less money in hand, they are unable to compete against tycoons which can spend millions and be able to lose millions trying to experiment with certain trends and businesses.  It isn't about people in middle class spending their money to buy branded items, if you look at these people, most of them are contented to have knock off items, or imitations to use since they really lack money to buy those branded ones.  It is the availability of funds, influence, and of course connections that set the difference.


Saying stupid is a very harsh word.  People doesn't want to be poor or in a middle class, if they have a choice, they would choose to be born in a wealthy family, it is that they were born in that class, and who know how hard they are trying to get out of that situation.  Not because one of 10 people are branded crazy, you can generalize all these people are doing the same thing. 

well that doesn't add up to 100%. But the fact is true. And I don't think that there's any solution to this. Rich will always take from the poor and become more rich. That's how the whole world works. Poor people will always look up to rich and try to be like them. And in that process they end up giving more to the rich. And the education system is the main problem. It will teach you to never think out of the box. You are trapped inside. Have a look at the rich people. 99% of them are who broke the box and made their own decisions.

That there is so much wealth disparity throughout the globe worries me. It's sad that so few people control so much of the world's wealth, while the lowest half of the population controls less than 2%. The world's increasingly uneven distribution of wealth is a source of worry for many people, including myself. A more fair version of this situation sounds like a formidable obstacle to overcome, yet it is still a fact of life in the world we now inhabit. Although influential individuals have the ability to restore equilibrium, they show little sign of doing so since they benefit from the current state of affairs. I have faith that governments and the public will come up with innovative and helpful solutions to this problem, but I recognize its complexity.

I do not think that equilibrium will be attained, the moment these rich and influential people feel that the momentum is shifting, they will do everything they can eve dirtying their hands in order to stop that momentum.

While you have faith in the government, I do not have.  Since most of the people who are elected to the seat have this gratitude to pay to those who supported them in their candidacy.  Just like what our recent president did, appointing a junior bypassing its senior as an undersecretary of some department.  Imagine, how much experience and knowledge or even achievement a 24-year-old has than his seniors that work decades in that department. 

That example simply shows that government works not on its people's concerns but rather on the people behind their elections. So I think equilibrium in economic status is a myth.

Government doesn't exist to make things equitable. They can strive for equality, but not equity.

Equity is equal outcome. You can only get this through direct wealth transfer (usually in the form of higher taxes for most countries) and this has always shown to slow down economic growth and eventually drive wealth out of the country. Equality is equal opportunity. You get equal opportunity by opening free markets and ensuring the average citizen has access to these markets.

Global wealth inequality isn't a giant issue. Wealth does not necessarily have to be a zero sum game. It's possible for people at the top to have copious amounts of wealth while still having prosperity for the lower half. Looking at the globe, we clearly know what types of economic systems work and which ones don't.

i don't think the government will be looking at solutions on this matter. that's actually hard to implement. i guess, let's not worry about this as it is beyond our control. the figures may be true, but what can we do being an ordinary person?
do you really think even one government on this earth is thinking about the equality of his people? i seriously doubt they are. so just mind your own business, and find ways how to improve your living.

It is true that crypto currency alone may not necessarily solve all the issues related to economic inequality, it is  incorrect to say that it can't play a role in improving financial access and reducing poverty. Adoption of crypto currency will provide easy access to millions of unbanked individuals through smart phone and internet, it can potentially reduce corruption as transactions made on block chain are on a public ledger & transparent.
Decentralization of financial system will reduce the concentration of power with a single entity, such as central bank, this can help to promote financial stability.
Of course, these potential  changes come with their own challenges and difficulties, such as, need for wide spread adoption, the development of user-friendly interfaces and reduction of volatility in crypto currency prices.

Nevertheless, it is important to consider the ways in which  crypo currency could potentially improve the financial system & promote economic equality

Exactly, it's out of our control, there's nothing we can do, don't waste time on those things, our job is to focus on ourselves and our family. As long as we can bring a full and happy life to our loved ones, we have succeeded. The world has been unfair for thousands of years, and I suspect that even government intervention will not be able to solve it. All this, crime, and the divide between rich and poor, all stem from human greed, so no one can stop this.

We can't do much to change this injustice, but we can do something for our families in many ways, and that's what we have to do for the sake of our loved ones and preparing for the generations to come after us. When we can do it, we don't have to worry about the changes happening in this world because we can adapt, and so will the generations after us.

We also cannot expect too much from the government because they already have too much work to be done, even though the welfare of the people is the government's responsibility. And if we can try on our own until we truly do not depend on the government, we can survive well and maybe help people around us who need it more.

How crypto can improve financial access and reducing poverty when the poor people don't have money to buy crypto? ::) crypto isn't a free money where you can easily claim faucet worth of $10 for every minute, if you claim Bitcoin faucet it's only give you 10 satoshi for every hour.

I believe you're live in where Bitcoin isn't become a legal tender, do you think those individuals will create their own crypto wallet rather than their bank accounts? lol, you're need bank accounts or e-wallet in order to receive cash converted from Bitcoin!

Doesn't make any sense if your assumptions people wouldn't or can't create their own bank accounts since it's easy and you need it since you're still using fiat.

Again, do you think crypto is a charity that will give free coins to the poor people?

Isn't it obvious? Looking around you. Go on the internet. Walk around your neighbourhood. Watch the news or listen to the radio. You need no seer to tell you this. I would be surprised it isn't. The ratio is massive, and the divide is increasing by the day.
Unfortunately, the government can't do nothing or better still the government won't do anything. All their so-called economic policies and reforms are all a charade. They gotta keep the people poor so that they can do their bidding. They have to be able to control the people.
Poverty is like a leash around the neck of the poor in the hands of the government. No wonder they are fighting bitcoin because they know it's freedom. Do not let anyone deceive you, you gotta take personal responsibility for creating your own wealth.

The Pareto distribution are happening and reproduced across many subjects of life, not specifically about economics or wealth.


Sure, but how significant it is compared to an aid to those who truly need it and a direct practical approach to educate how could they thrive in their own life, accustomed to their knowledge and their social and geographical condition. I dont't think cryptocurrency would do much.

Cryptocurrency won't fix corruption, those who do it surely could do better. It is also an absurd idea for a government to use cryptocurrency for the sole purpose of governmental usage. They will not incorporate their bureaucracy with decentralized economics tools. It broke the idea of how the state performs.

Afterall, cryptocurrency alone won't greatly and significantly helps poverty.

Our society is such that the poor are getting poorer while the rich are getting richer. The main reason for this is profiteering. It cannot be completely equalized, but if the government wants to, it can be equalized to a certain extent. If the government taxes rich people well and gives interest-free loans to poor people, it can solve this problem to a large extent.

Cryptocurrencies are mostly benefited by rich people as they are not taxed at all. I think it is not possible to equalize wealth through cryptocurrency until it is properly legalized in any country. But the problem is that no one from the government is going to make common people equal to them. 50% People of the rich people in the world are government people

If we understand how the hands of capitalists, who are always talked about as one of the world's financial rulers, then 80% depends on where the data comes from. Because of how the world economy can easily be classified as rich, poor, and middle class. What is the importance of all this, if poor people still don't believe in their abilities, don't want to work hard and feel that only rich people can achieve their goals. Until whenever it will enrich the richer and enslave the poor thinking to remain poor.

Get out of the zone of narrow thinking and do what is right in front of your eyes, pay attention to world data related to this and that wealth because the data is created by those who are rich so that the poor stay where they are.

Yes, this is a widely recognized issue and a growing concern for many people. wealth inequality can also result in limited access to education, healthcare, and other essential services for those who are at the bottom of the wealth distribution, perpetuating the cycle of poverty and limiting their opportunities for upward mobility. So it will become infinite cycle.

What government could do ?
I think implement a progressive tax system where higher income individuals and corporations pay higher tax rates. This helps to redistribute wealth from the wealthy to the less well-off. This thing already implemented in some countries but still not enough to reduce the wealth inequality.
And what they should strict about is labor protections, such as minimum wage laws and worker protections, to ensure that workers are paid a fair wage for their labor.

But as we all know that wealthier people have more power to control how the economics work, so they wouldn't let "others" reach their level while they are already above others

Are you sad that you are not one of them? Human society since its creation has been inherently unfair, there is always racial discrimination, the divide between rich and poor, and it will remain forever, never disappear. So don't try to be sad or worried because there's nothing else we can do. Just because we are not rich, we want the world to be fairer, but I think if we were rich, we would think differently.

This is reality and there is nothing that will change it. even crypto will not make much change. My reason.
1; The rich knows how to control the masses and it is simple. feed them with what they crave for and everyone keeps quite. Nobody seriously wants to challenge towards the rich. If you do, government forces will come for you.
Even crypto is gradually been control by the rich. The government will always work hand in hand with the rich to intimate or feed little to the poor mass while they take the large share.

Interesting but no government or private individual can ever make the equality amongst us around the world. I’m not sure but I think there is nothing we can do about it since making money different phase for everybody. One individual could be way smarter than the other and that’s why some of them are richest one and create their universe out of scratch.

I think we should not be jealous about it. There is nothing like someone is restricting us from making more and more money. Let’s not include the family owned big businesses which are running since ages. There are still examples in the current era who has made so much wealth within their life span itself. This is not really question if someone being a huddle, it’s question of how one creates a wealth for themselves.

You said everything! Our goal should be our personal lives, as individuals, because the collective causes are doomed to the failure. It has been like this since the beginning of human society. Everyone who attempted to change the status quo was betrayed, murdered or corrupted, while the world remained the same. If each person took care of their own lives with excellency, the world would be a better and more conscious place, where manipulation by the upper classes wouldn't take place.

well,

when 2 billion peoples savings are equivalent to just $500 each($1trilion total)
and then we have 9 people with more then $1trill total

there is a massive rich:poor gap

9:2,000,000,000,000

Only thing government can do is make socialism in practice to improve things but we have seen in the past even that didn't worked well so technically nothing much that they can do. You can tax the rich as much as you want they will eventually find loopholes in it and pay minimal taxes moreover you'll also have want businesses to generate income in your country so obviously you'll want they are not taxed much too. So this gap can only be reduced to a certain extent not more than that.

The wealth gap is insanely big and as far as I know it is going, but that doesn't mean that the average person is less wealthy than yesterday. It is important to consider that a gap in wealth still does not mean that the less wealthy are becoming poorer over time. It still comes with a lot of issues as those who have less feel the need to thrive as well and their desire is to close that gap with fair means.

I think that the real problems occur where one person's wealth undermines the fulfillment of the basic human needs of other people. Lots of people say that capitalism is the best social and economic order, but still it shouldn't be the case that malnutrition is so prevalent in the world. We have all the means to solve many of the existing problems and that would still allow for people to own more than others.

If we are helpless yes but once we got up, let's also make it a habit to check around us if they are also fine. If not then we can lend some help about them. I think the beginning of human society isn't really that great but we already saw an improvement over the decades or centuries, so don't be too bitter and we shouldn't put the blame to others because sometimes they are also doing what they can to help.

Not all times they are bad or selfish who only focus on themselves. It also depends on the leader of the country. If they are understandable then they can always listen to the suggestions of the public so we shouldn't be afraid to hear our voice.

I agree, we cannot do anything to it, we just need to let it be. Let us just focus in our own wealth and let us work harder for us to gain more and more money in the future. In times like this, I made these rich people as my motivation to stay productive everyday and to keep me going that I cannot stop now until I became rich like other people in this country. I want to make my own name.

this world economy is controlled by some people, that is very true, but aren't your words very harsh toward the poor! until whenever it is true that the gap between the poor and the rich will forever exist, many rich people create new businesses with the aim of getting money from purchases made by the general public, for example > cigarettes, many cigarette business people make money from selling cigarettes to poor people because they are true cigarette addicts.


the government in many countries is controlled by businessmen because when they carry out campaigns, the political funds they receive can come from them.
because the emergence of bitcoin and cryptocurrency really cannot be stopped, most governments are afraid that what they have controlled so far will just disappear, so they do various ways to define bitcoin and cryptocurrency as a form of resistance against the government and the world economy.

I agree with your perspective. The growing gap between rich and poor can create lot of social and economic problems, particularly when it undermines the ability of people to meet their basic needs. It is true that capitalism can be effective economic system but its also important that its benefits are fairly distributed.
Additionally, it is also important to recognize that wealth is not just having more money, but also having access to resources, opportunities and services that are essential for decent quality of life.

To be rich is to have a lot of money because when you have a lot of money, you will have access to all the best things in this world, and your life will have the best quality. My country is a 3rd world country, the economy is quite difficult, and there are many items that cannot be imported to be used universally. But for rich people, they can easily buy those things to serve their luxurious life. With just money, you can bring the whole world into your home.

I think it highlights that income inequality has been at an all-time high for the last ten years. So, who is responsible for that 20% jump in wealth? Globalization and technological change, supply-demand balance, and international trade are some of the main reasons why wealth is concentrated in the hands of a few. Another reason is the privatization of the public and corporate sectors.

So, there are many factors why it happens and how to stop it. But first we need to understand what the consequences of this development will be and how it can weaken our society and affect our long-term future in my opinion.

I can't dispute this fact there is unequal wealth distribution
though it fair in developed countries, however in third world countries there is a vast disparity in wealth largely due to corruption among their government officials, politicians and few individuals who connived with government officials to enrich themselves at the expenses of their poor masses consequently widens the gap between the rich and the poor, unfortunately the government officials who ought to correct this abnormally are the major culprit, while the people who should vote the right people into power will rather accept vote buying deployed by corrupt politicians.

It is correct that money can buy many luxuries to bring comfort in life. However it is just a tool and doesn't guarantee happiness or fulfillment. Personnel growth, sense of purpose and inner peace are equally important. It is worth noting that a person's wealth and standard of living  can be greatly influenced by the economic conditions of the country. In developing countries, it can be very challenging to achieve financial stability as many people face significant hardships and obstacles in their lives.

This is the mathematical Pareto law, which is formulated as follows - twenty percent of the efforts give eighty percent of the results.  It is impossible to cancel this law (as well as any other mathematical law). 

People initially focus on different things.  Those people who initially focus on making money, on finances, on issues of power and economic influence, receive significantly more income than those who focus on sex, on entertainment, on alcohol, on low-revenue (but interesting) work. 

The situation is aggravated by the fact that rich people pass on their accumulated financial knowledge and capital by inheritance.

In addition, in the world there is such an activity as investing. 

Investing allows you to redistribute cash flows from poor people to rich people, since the presence of a large initial capital in investments gives an initial competitive advantage.

Money will buy happiness and will guarantee your happiness, the world has changed, my friend. I assure you, if you treat a girl but you don't have money and a guy with a lot of money, that girl will not hesitate to choose that rich guy. Because without money, married life will never be happy and not to mention our children will grow up without money, how will they have a life as friends.

Most resources say that the main wealth is concentrated in the 10% of the wealthiest people. But if you take the largest state, then I think that these values ​​can reach 3-5%.

I also read an article that said that the fortune of 1% of the richest people on our planet is greater than that of the rest of the population. I don't know if this is true, but I suppose it could be true. This distribution has always been, there is nothing surprising in this.

Big fortunes gain influence, they are everywhere where there is big money and try to control everything in their favor, big fortunes make even more money. Inequality is somewhat out of control.

Op you made me laugh. This question would have been asked by non educated person and not you. Even the illiterate knows that the distribution process is not equal. Yes it very much true that few hands control the wealth in the world, and that is the reason why capitalism took over the economic system from socialism which the Soviet Union. I think everyone if not all supposed know this world economics story from social, economics, geographical, historical, and political perspective and etc.

Government is part of the unequal distribution team so they can not help the people instead they support the unequal distribution process. Anyone that goes to the government join them to suffer the poor.

If globally, of course, this data requires in-depth research, but economists in my country have said that less than 10% of the world's population controls the world's wealth, and this is also almost similar to the facts in my country. According to research by economists several years ago, currently about 85% of wealth and welfare is controlled by less than 5% and 90% of the money printed by the state is controlled by around 8%.

I wonder if the mathematical Pareto law even holds true in the long run or, as you said, whether the situation is aggravated even further due to inheritance. Maybe the Pareto law does hold true forever because some of those who inherit huge amounts of capital also waste it and don't keep anything substantial to be passed on to later generations.

It's also possible that once this 80% to 20% rule gets out of balance too much, political pressure from either group will lead to striking that balance again as if there was an invisible hand at play. Meaning that if the working class realizes that the gap is becoming more and more severe, political measures will be taken such that relative peace can be restored overall without letting things get out of control.

Interestingly this law applies to many aspects of life and it is worth looking into it. There are some interesting summaries where this law actually holds true.

I am sure that 80% of the world's wealth in the hands is not more than 20%, the fact is that there are many poor people in many countries, even in developing countries like mine, many countries' wealth is controlled by foreigners, and maybe less than 1% they control the country's assets, unfortunately many countries have no power to prevent this, foreign or private companies clearly control assets but the state is made powerless because of laws or corruption that occurred in the previous government.

Yes, Pareto's law is true in the long run. 

At the same time, attempts to cancel the operation of this law in relation to the distribution of national wealth in world history have been made.  Thus, in 1917, the Great October Socialist Revolution was carried out in Russia and an attempt was made to build a just socialist society. 

For a certain period of time, the gap in wealth between poor and rich citizens was not very large. 

However, over time, the country's bureaucracy was able to return to the pre-revolutionary state of affairs. 

The situation is similar in China.  Despite the fact that the Communist Party is in power there, the gap between the level of well-being of poor and rich Chinese citizens is very large.

Lol. Why in the world would world governments want to decrease that gap when it would end up screwing them over in the process? Makes zero sense if you think about it op.

That gap will always keep widening and the only way to stop it is through a complete world reset which will most probably never happen. So many people have tried and failed to make a dent in that widening gap over time.

This is our reality where people keep trying hard to climb higher and higher.

What would people of the world do with wealth if they had it? Most who win the lottery end up poor again within a relatively short span of time. Even if all of the poor people of the world were given millions. All of them would probably wind up poor again before much time had passed.

Forces behind wealth distribution being what it is, travel far beyond a mere 80/20 ratio. They are spiritual and cultural. Most of our culture is consumerist in nature where the average person is both encouraged and expected to have a credit card to spend themselves as deep into debt as possible to purchase questionable items which they do not particularly want or need. Spiritually, most feel they have to compete financially against each other. If their neighbor or peers buy a new TV. They have to buy a new TV, too. Its called "keeping up with the joneses". Many feel peer pressured to conflict with their peers and make impulsive purchases so as not to fall behind.

These consumerist patterns trend opposite of a direction which the average person would need to follow in order to accumulate and amass wealth. But they are often an unescapable component to our culture, character and identity. It is these intangibles which serve as central pillars of wealth distribution ratios like the 80/20. But somehow I don't think that many care to think about or question what leads to these things. We simply imagine an invisible magic wand being waved to overturn these fundamental principles. Which is what makes them so difficult to define and address.

Biggest way to increase distribution is to increase innovation and invention possible then you educate the population enough to benefit all of society.    When people can improve business or society through their work and intellectual property it should mean there is a much greater chance of distribution of wealth from the traditional to the new technology creators.
  The 80/20 split is probably correct and in some places it could be far worse.  Economies especially based around commodity wealth and control of land dont tend to reward individual achievement.  Its thought that an advanced society will develop beyond purely owning rich ground but the means to work it best, mining or farming etc.

When you are dealing with global statistics it's important to consider that prices are different in different countries. A house in the US costs $400,000. In developing countries this can be 10 times less. So a poor person in the US who owns their own house is automatically much more richer than a poor person from a developing country who also owns their house. And even just owning a house increases someone's networth substantially, even if they earn very little and don't have savings.

So, I'm pretty sure that most people on this forum belong to the upper 20%.

10000 % I was agree with your statement there is always gap between upper class and lower class in fact this might happen when human exist centuries ago.

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and in my opinion and like other have said this might can't be fixed the upper class make business and make them getting more rich and the lower class buy it

Wealth redistribution never works and the perfect examples are that of Cuba and Venezuela. Despite numerous failed examples, populist politicians continue to demonize the wealth creators and propose socialist policies for the financial sector. Here in India, the income tax rate for the highest slab was recently reduced from 42.74% to 39.00%. Immediately there was an outcry from the welfare rats, claiming that the government is favoring the rich. And most of those who were complaining were the ones who engage in tax evasion, using the farmer loophole (farming income is tax-free in India).

I wish, 80% of worlds wealth is in the hands of very tiny portion, like 1%, that is the issue that we are having right now and why people are so much angry at the top. When you say you should tax all these companies that make billions in profit, liberals go against it and say that it is an achievement and we shouldn't be charging them for being successful.

But, the fact is that we can't keep supporting these rich folks getting richer forever, we need to do something to close this wealth gap one day, otherwise there will be a few wealthy people and billions in poverty, and we are already getting there pretty quick. Tax the rich, and not just people, the companies too.

Scientists-futurologists are seriously discussing the scenario of the development of Mankind, in which it will be divided into two completely separate biological species of people. 

This is due to the fact that with the further development of technology and the achievement of the technological singularity, rich people will be able to use the full power of technology to dramatically improve their lives. 

With the help of new biotechnologies, they will be able to defeat all diseases and achieve personal immortality.  With the help of the latest quantum computers and powerful neural networks, they can easily solve any problem of controlling another "lower" kind of people. 

In fact, this is a dystopia, which, nevertheless, can be embodied in our reality. 

And this will lead to an even greater (by orders of magnitude greater) gap in the level of well-being between the poor and rich inhabitants of the planet Earth.

This is the case ever since the history of mankind. Greed and power. I am not even expecting 20% since I thought that it is only 5% or lesser who controls the world's wealth. I remember when the world's richest billionaires are planning to redistribute most of their wealth and only left a few percent to their descendants but then another certain billionaire disagreed. That billionaire said that they are not supposed to scatter money to unproven people and instead they should continue to make more business and build their empires. It sounds greedy but there's also a point. Middle-class and poor people have different mindsets, unlike those billionaires.

I fear that the balance has drifted much further away from this in the 5 years since the report was created. Money makes more money is the fact, these billionaires are hoarding their massive wealth and if they have it diversified will be accumulating much more each year with almost no effort at all - in the form of dividends, or companies paying out their profits to shareholders. It's very hard for governments to push back these days and requires every country pulling together to tax them at much higher rates. Frankly, the capitalist model is the best we have but there becomes a point where a single person does not need millions of times greater amounts than the average person just sat in their accounts doing very little.

The accumulation of the assets is the reason for this report output.But the poor people from various developing countries was suffering lot for the foods and basic needs.This will be due to all the money was holding by fifty percentage of the total population.Remaining people only hold of 2% of the total money.So they suffer without livelihood.To short this out,the people of poor countries should do their graduation fully and start to earn from their job to fulfill their basic needs.Then in their next generation,they will move to the upper class for sure.

Lets just embrace the reality and this had been a common problem even into those early age on which money equality cant really be that possible considering that there would be always those people who would

really be sitting in the top of the chain.The more the money they do have the more power and authority that they could gain which it isnt surprising.This is why as an ordinary person then you should thrive your
very best on finding various sources of income,. it doesnt matter if it would be in online or would be offline.

As long you could be able to handle and make yourself that sustain and survive on daily living.Dont mind about equality but rather mind your own.

I can only agree with that. Each of us has certainly noticed these differences at some point. Except maybe the super rich, who walk through life blindly and are not interested in other people.  ::)

Unfortunately, this statement is also true. The chances of getting rich quick are really slim. Sometimes you can make it, with a lot of work or with a lot of luck. But still only a few make it. Most make just enough money to survive but never get rich.

Unfortunately, this has always been the case in human history. The rich get richer and most of the poor stay poor. In order to change this system, much of our planet had to be changed and I don't think it will ever happen. Before that, it can happen sooner that humanity dies out than this system will change.  :'(

if we look at the list of the 10,000 richest people in the world, they all have large business networks that control their respective countries. in my country alone there are many rich people who have many businesses and the consumers are middle and poor people. since a long time ago, this world has been controlled by some people and we don't realize it.

The same thing happened in my country, almost all economic sectors of agriculture, plantations, mines, property, etc are controlled no more than 1% of the population, of course this is a sad thing, especially the state looks helpless with the rich so that when there is a conflict then there is a conflict then those who always win.

If a country adheres to a democratic system, I think it is very difficult to overcome economic, social and political inequality. A president will be elected if supported by sufficient finances. They have to pay a high price to become a president. Of course these costs will be supported by a handful of people, or often said by co-financiers. Thus the state system will be controlled by oligarchs who have an interest in it. So that economic equality will be difficult to overcome, social inequality continues. Maybe every country has different problems, of course we will understand the problems that occur in our country. Not to mention we are talking about divisions between supporters of various presidential candidates who attack each other by spreading negative issues.
Another case with countries that adhere to the royal system. There are no political issues that extend to the community. But they are more internal to the kingdom. This concept will be more effective in overcoming social, political and economic inequality. There is no commotion created between people in a country from political effects. Maybe we can look at countries that adhere to the royal system, and compare it with countries that adhere to a democratic system.

LOL.

Poor and middle class people are not stupid, rich people only have too much privilege in their life that's why. Also, rich people are taking advantage of those who are really in needs by giving them jobs that doesn't even pay well, so that they could earn more, I don't see any justice in that. If you think rich people are smart because they have a lot of businesses but doing something dirty in the shadows, I pity your judgement then.

It is the main thing that makes wealth concentrated in the hands of a small population because of family factors, they inherit these companies and businesses (wealth) to their children, that's why they are only concentrated in a small part of the population. For this problem I think it has nothing to do with a democratic system of government.

The government's job is to provide guarantees for its people, these guarantees are concentrated in the ability of the people themselves, meaning that the rules apply to everyone and to make them fairer are these rules, but they cannot control everything individually. Completely surrendering to the government is the style of people who have no ability to manage their lives.

The majority of people just don't have enough IQ to have a lot of money

Social inequality is very widespread around the world, and it will be difficult to change. I read in one of the books, if I am not mistaken, the author was Robert Kiyosaki, so he wrote that if you take for a group of people and distribute the same amount of money to everyone equally, then after some period everything will return to its previous position, some of the people will accumulate funds, some will become poor and a middle class will appear.

It is difficult to say why this happens, even if conditions are equal at the start. I guess it depends more on the person's education. From the ability to handle money, the ability to save and invest it so that it works and generates income.

And those who spend everything they earn are deprived of a chance to change something in life. If there are no savings and a person gets sick, then he will not even have money for treatment, then there will be debts and it is much more difficult to get out of this situation.

actually this is a fact that is clearly visible to our own eyes at this time. the comparison could even exceed what the OP mentioned. as a simple example, a rich businessman can even have hundreds of thousands of employees under him. because this rich entrepreneur has many factories in almost every region in a country. even in several other countries as well. Just by looking at this simple example, we can see quite a comparison between bosses and employees. and of course the wealth of the boss is very much different from the wealth of his employees. then we can look at the comparison of per capita income of a developed country and compared to developing countries or below. then you will see a very much different comparison.

rich people have the opportunity to have more profits because they have far greater capital. so that their wealth continues to increase rapidly. and this continues so that the gap between the rich and the poor is becoming more and more different.

I believe that less than 5% of the world's population controls the wealth of the world, in many countries there are frequent demonstrations demanding economic improvement because the demonstrators say that a few percent of the country's wealth is controlled by citizens, even foreign investors, and look at some of the world's top companies that have very many business units so that they can control the wealth of the earth.

Yes, I agree, many poor and middle class people are oppressed, different from rich people who have a lot of authority. that's why justice is hard to uphold. We cannot blaspheme them, because thanks to the ideas and systems that the rich (big corporations) create, it facilitates the world economic system and the progress of civilization is also thanks to them with global finance. What we can hope for is that they still have a conscience, for humanity.

social inequality in various countries is very uneven, even in developed countries the gap is uneven.  the rich prefer to exploit the poor by employing them at relatively low wages, especially in factories where the working hours are longer but the wages received by workers are very small.  So I believe that there are only a few rich people in this world, the rest are poor people who make money from the rich.

I think the percentage of rich people in the world should even be lesser than 20%. If it were like 20% then the margin is not so distant like expected and these days with the crunch of hardship, the margin is getting wider. The economic downturn is not really affecting the rich because jobs are taking away from the poor while the rich is reinvesting the suppose salary of the poor whose job has been relieved off into other businesses because the rich is smart to take steps for the future that is filled with inflation also. This is the difference, the rich think of the future while the poor thinks of the immediate.



It is true that the poor has a flamboyant life style to gain approval in the society but the rich really don't see a reason for that approval because they already seen above that. They know acceptance is not in appearance but what you were able to achieve.

Undoubtedly, the pervasive issue of monetary inequality has been a long-standing actuality in our societal construct, and it appears highly unlikely that its elimination can be fully accomplished. Notwithstanding, this does not signify that we should acquiesce in the quest for an equal allocation of wealth. Rather, we can exert our authority over our own financial affairs and formulate means to increase our revenue and accumulate wealth, regardless of the scale. This could entail the pursuit of supplementary income streams, venturing into the stock market, or simply attaining proficiency in budgeting and saving. Ultimately, although the macroeconomic system is beyond our sphere of control, we can regulate our own courses of action and judgments, which warrants our focal point. What methods have you implemented to expand your income or amass wealth? Have you identified any particular strategies that have been exceptionally efficacious for you?

Several factors cause inequality and the balance of rich and poor is always skewed according to the 80/20 rule of reporting.  Chance and luck?  In fact, the richest people are not necessarily the most talented.  Some people inherit property for generations, where they are transferred assets that, perhaps a small percentage. can be used to change the world into a better and fairer place?  When they have enough talent (hard work, savings, intelligence, reasonable investment) comes with luck, perhaps

Problems like this will continue to exist because regardless of anything, even if there are no statistics, it's all been seen when socio-economic disparities are always visible, be it for each country or for each group within a country.
Things like this have always been an open secret, I think with the current conditions because if we look at the present when we see the difference between the rich and the poor, of course we already know where the rich are getting richer and the poor are getting poorer.
On the other hand, the mindset of the rich and the poor has actually been seen because even though not all but the average person who is indeed in the lower strata of their economic life will definitely always look for opportunities and hope instantly, even though in fact this is not possible, it is not uncommon to think that it always happens, it's different from rich people who sometimes think that they always look more advanced because they already understand and are taught from the start.
Regardless of whatever the basis is in terms of environment and teaching, this clearly distinguishes this so that the gap widens.

Like my country  today the most wealthiest men are so call politicians,who lut government funds,use the name of poor people and lounge programs after taken all ur data when is time for payment they will collecte all the money and start there own business in most case that is what makes them more rich, example( 1)NG CARE, is a program design to help small and medium enterprise business to help boost their business,if beneficiaries are 75% people that will be given the opportunity will be 25% after taken there data our so call politicians will take 50% to make them self rich and wealthy,example(2)IFAD,NG,NDDC, is and agricultural program design to help farmers in comparting climate change and other natural rising of the sea to help them go back to there farming,this programs will be control by the so call politicians the benefits will not go to the common man thy will take all to them self and start there own farming with the public founds,then the poor people will now buy from there products and make them more rich and wealthy,not that if the have rage man is given such opportunity it can not use it well they can still do well also.

One of the most important reasons why many people are kept poor when this should not be the case is that in schools, despite the fact that most people will have to work for decades or for the rest of their lives, the topic of money management is never taught, people work all their life for money but then they spend it recklessly or in stuff they do not need and they need to keep themselves working, but if they were taught those skills then they could retire early or even join the rich, but obviously those at the top do not want this as this will reduce the amount of people buying their useless products.

It's the governments that are in these 20%. Politicians are rich and often abuse power to gain more wealth. They won't do anything about the problem because they're a part of it. Without their laws the disparity wouldn't be so great in the first place.

It works like this: Rich people pay politicians directly or pay lobbyists to establish laws that favor them and give them more ways to make money. They become even richer than before and have even more money for bribes. Most of them are untouchable like those pharma companies that charge $2 million for a drug that cures SMA.

The government or rather those in authority can do nothing cos basically they are the cause of inequality to start with, let's take what happened in my country during the Covid period where the government had to hoard up the Covid palliatives from the masses that actually needed them while some sold them of and some of those palliatives end of spoiling. The government will always want wealth to be centered around them and they guard that circle with everything they can. A government where they masses are suffering and they stack away billions of money for a log time and it ends up decaying, money.

So you see the government can do nothing to stop inequality which they originated themselves

Governments have always been extremely inefficient, they attempt to redistribute the wealth they get by the taxes they extort from the population, but a great deal of that wealth is consumed by them as they generate a significant amount of bureaucratic jobs which are unnecessary, give themselves high salaries and create useless institutions, so despite their supposed good intentions they end up not helping the people that need their help the most.

What I read is different from yours, it was claimed in that article that the wealth of the world is being controlled by 5% of people which I agree more than yours because it's evident around us, 20% (1,577,600,000 based on the 2021 world's pollution of 7.888B) is much. However, statistics fail, yet a near representation is often regarded as valid.

Government can do nothing about this as wealth is being distributed by God and luck. But government can try to eliminate the monopoly and dominance of some players in some sectors and empower citizens where they could through awareness, creative teaching, grant and others.

Unfortunately yes, the wealth we humans amassed over the years is distributed very unequal across countries, and even more unequal within all the countries. To be honest I find it the number of 20% owning 80% of the wealth quite high, I expected it to much lower. Just look at the super rich for example - worldwide the 26 richest people held as much wealth as half of the global population (3.8 bn people). It's kind of insane that there are not more civil wars around the world and people are demanding change. The wealth of the 1%ers keeps increasing even during crisis times, whereas the wealth of the largest part of the population remains constant. I don't think that the government is going to change anything, because they are being funded by the rich families. There is a huge lobby industry behind the politicians that finance all their campaigns. Without the money of the rich, the politicians would never get into power. 

Laws are written rich for the rich, so it is clear that their wealth will constantly grow. Big money creates even greater capital with proper management, and rich people have enough funds to create financial institutions, where for their capiels they find the best options for investment.

Rich families are worried that their wealth passes from generation to generation, so their wealth are growing over many generations.

To some extent, it is difficult to understand why they need so much money, they will not spend it for several lives. Probably all this for the sake of power, because much money can be able to give great influence.

This is an outdated statistic because of the world's changes after the 2019 -2020 pandemic. When it started, there has a significant impact that affected everyone that had any say in the economic balance and the distribution of wealth.

Has anybody had that kind of data?

Even if 80% of the wealth is in the hands of 20% of the people, is it that bad? Wealth redistribution is a flawed idea and the countries who tried it have become bankrupt in a matter of few years. I am OK with this distribution (80% of wealth divided by 20%). But if the distribution is something like 90% of the wealth controlled by 0.1% of the population, then we can say that it is very asymmetric. There will be both rich and poor people in this planet, because skillset, knowledge, character and physical traits differ from one individual to another. Striving for uniform wages and wealth by normalizing these differences will never be successful.

The difference between some nations is that taxes goes to waste in all kinds of nations, but some of them try to have less government, while others try to get rid of the corruption in the government.

I believe that we do need government and it's help, because there are too many things that can't be let to private companies, it just doesn't work better for the general population, but the way it is right now, our taxes are spent inefficiently so that doesn't work neither. Instead of getting rid of all those big budget governmental organizations, we should be getting rid of people in the government who doesn't use our money for us, but uses for themselves.

Without a doubt a centralized government is needed, but the issue is that once a centralized government is in place instead of remaining as small as possible while fulfilling its functions politicians expand the government and the bureaucracy to incredible levels, and things get so bad that governments give their back to the citizens and look only after themselves and others like them, and lamentably this is something we are seeing all over the world.

Is the point of getting rid of big government and letting the citizens decide their own faith? Or is it to build a better government? Because on the one hand, you are left to people like Bezos and Musk and other big capitalist companies who would rather have a higher profit margin and let you die suffering because they don't care about you, they care about what to say to their shareholders, so the small government doesn't work. But on the other side if you let the government get bigger, this time they end up taxing you a high amount, and yet they do not give you anything in return, the USA spends the most amount on healthcare, and people die because they can't go to the hospital, proof that big government doesn't work either. All of this could be solved by just having a decent politician at the top, not big or small, just a good president that cares, that's what I agree with.

Hi, The issue of wealth inequality is undoubtedly a complex and multifaceted one, and governments have a crucial role to play in addressing it. One potential solution is through implementing progressive taxation policies that place a heavier burden on the wealthy, while also increasing funding for social safety net programs to support those in need.
Another approach could be to invest in education and workforce development programs to help individuals acquire the skills and knowledge necessary to earn higher incomes and move up the economic ladder. Governments can also enact policies that promote fair labor practices, such as raising the minimum wage and protecting workers' rights.

Overall, addressing wealth inequality will require a multi-faceted approach that involves cooperation between governments, businesses, and individuals. However, by taking concrete steps towards creating a more equitable society, we can create a brighter and more just future for all

We can all see who is going to the economic forum in Davos. Many of us have the opportunity to read Forbes magazine's lists of the richest people. So we can say that - judging from the external data - most of the world's wealth is concentrated in the hands of a relatively small number of people.

if the bureaucracy runs well and the government really implements tough laws against corruptors, I think it will be able to reduce the number of corruption which is the main parasite in a country. as is the case in my country where officials are currently showing off their wealth until finally because of a case that is under pressure from the community an investigation is held for officials whose wealth is not reasonable, in the end it is the community who loses because many officials are selfish

In my opinion, this is just a conjecture or finding, according to a study that has been conducted by an independent institution for almost a year, concluded that in my country assets are controlled by around 15% of the population. Another unique fact is that land owners who use it for business are controlled by 5%, we even often hear reports that in many countries that are still poor, state assets are controlled by less than 3% of the population or citizens.

After a very long time, this is the first time I encountered again the Pareto rule. The best thing that the government can do is to do their job and provide jobs. They should be held accountable for every decision they make for the country. Because when jobs and equal opportunities are provided to the people, things start to work out.

It is a common thing in many countries of the world that few individuals control the major portion of  national wealth which is often viewed as unjust and unethical Hence, it is important for governments to introduce and implement such policies which ensure equal opportunities for all citizen without any bias.

Government can accomplish this goal through measures such as taxation and equal distribution of resources.

The society is arranged in such a way that even if you take some kind of conditional wealth and divide it equally among all citizens, then after a certain time everything will return to its usual order, a middle class will form, there will be poor and rich. Different people think differently, someone is inclined to accumulate wealth, someone is not interested, someone knows how to handle money, someone does not. It has always been so and it will be so, so the government will not be able to change it.

You made an interesting comment in perspective of Pareto theory of tendency of societies to maintain a certain pattern of distribution of wealth and power, regardless of attempts to change it, but some social scientists argued that it oversimplifies the concepts and ignores the historical context, institutional structure and political power that can have significant impact on patterns of wealth and inequality.

Indeed, Pareto theory has some validity but it doesn't capture full picture of how wealth is distributed in societies.

yes, I agree with this, the concept or three in the law of economics, the lower class, the middle class and the upper class are always there wherever we will meet them, such as smart people, mediocre people and stupid people, it will exist in the complexity of living in a society anywhere, and it's true as you said that there are people who don't care about money or are skeptical that there are those who accumulate wealth and so on there will be those who will form castes in society, of course the government cannot handle this, there is also an equalization that is carried out as a tax regulation has been made I think the minimum payment for empowerment and development is that class in social status will definitely exist forever.

Who would labor and serve them if everyone became wealthy? That is the government's mentality. While their citizens are suffering and under their power, they keep getting rich.

The government cannot provide its people with equitable wealth. The best they can do is provide a level playing field for employment for its citizens, leaving it up to the individual to come up with a business concept independent of the government that will make him wealthy. The government can not make you wealthy tomorrow because they are afraid that if they do it today, you will challenge, or compete with them in the future. That's why they are fighting crypto as bestdss said

Nothing can be done to overcome the present economic structure. Wealth getting accumulated into the hands of specific percentage of people is true and they have achieved it through their continued work. What government can do is provide support based on the economic order. To have the perfect data on the people's economic situation is really tough task. If a government is able to do it, then it can share are give subsidiaries and added benefits to lift their living. This can be effective, but not every class of people will agree with it. Because every citizen pay equal tax based on the income and the lower class of people getting additional benefits will surely turn to be a controversy.

Thats nonsense logic then because a rich country can export its requirement for labor in a variety of ways.  If that wasnt possible Japan with its drastic loss of working population would have hit the buffers hard a long time ago.  Governments dont benefit from poor people especially but of course society can be made increasingly unequal and commodity wealth is easier to divert then general productive capacity so that type of economy can be a kind of curse to a country.  Most modern economies there is no harm or disadvantage for anyone if every section of society is better off and well educated, healthy etc.

that's a fact and to add to that, at the very top of the food chaun where rich people live, they keep accumulating wealth to have more influence in the economy while letting people work for them. the ones who have more money can dominate who's below them and they can even command and make decisions for the economy. a good example is how Elon keeps doing things, the only downside to that is his inconsistent behaviour.

Last year I read a book about the distribution of wealth among the world's population. 

I was overwhelmed by the information contained in this book.  I was surprised to learn that 90 percent of all modern British property is owned by the direct descendants of William the Conqueror.  The owners of modern banks and investment funds are representatives of ancient Italian families (for example, the famous Medici bankers). 

This happens not only because wealth and capitals are inherited.  The ability to earn and save money is also inherited. 

That is why the mathematical law of the Pareto distribution works very accurately in the field of finance.

Actually there is huge problem with goods distribution, many regions in the world still experience hunger and infectious diseases, while others change mobile phones several times a year and spend billions buying excess food which will go to trash. Capital distribution is a problem, but capital itself is not a value, it's value is in improving life quality of those who have it. The life quality attached to fiat currencies is the mechanism which is used by main fiat tycoons to manipulate the poor ones... :(

I certainly agree with it. No wonder why rich families stay rich from generation to generation and could even enlarge their territories and properties because they inherited the ability to save and earn and how manage their wealth wisely.
They might be born rich and privileged but they have an edge because they have the right mindset especially when their parents mold them as successors of wealth. Rich families could maintain their wealth and even use their assets and investments to get richer.

Being born rich can be a curse often I think in terms of developing well as a person, not having to acknowledge the full range of possible circumstances people in society have to encounter is easily arguable as a disadvantage in life.   If you do not value correctly various factors put in your favor it will put that person off balance their whole lives.   With good discipline and education maybe it doesn't have to matter, respect for the knowledge you are taught perhaps is enough to give a person purpose and direction but never having to work from too much wealth can easily go wrong in character forming ironically causing them harm as a person imo.  
  The stat about being descended from the 1066 invasion is probably a bit too general.  I'm also descended from royalty in some slight way not direct afaik because if you go back far enough or have enough history to call on you can find famous relations for alot of people I think its more common then people realize but very often family history is lost further back then a hundred years.  My link is very weak and Im in no way fitting that idea that I would be gifted land or a bank but sure enough alot of people are related from the prior generations.
  Most riches are lost over time, they dont perpetuate that long as history often changes and industries, fortunes are made and lost.   A dynamic well performing economy will not resemble parcel to parcel just via a family over centuries, that wouldnt result in efficient business as often as free competition and success for all in an economy.

The government do not want this wealth to be distributed evenly. They want the wealth to be with them so that they may control the people. That is another reason why government oppose bitcoin and promote fiat because through bitcoin the wealth can be distributed evenly.



How unfair is this that government to provide jobs to its people while the people in the government or at the higher authorities' positions can get free money by just printing the money. Inflation makes the rich richer while the poor poorer. This injustice cannot be stopped with the fiat monetary system.

It is true that policies of the government in many countries may tend to favor  elite class, in particular in developing countries but overall the objective of policies is to provide equal opportunities for every citizen without any bias. Additionally current monetary system based on fiat currencies may have some limitation, it is important to note that there is no economic system that can guarantee absolute fairness & equality. It is important for all us to continue raising our voices to put pressure on governments to continue taking initiatives to address these long standing issues.

Those wealthy families didn't all achieved their wealth through handwork, some where stolen or taken by force and now their estates has been inherited by their descendents and living luxury life making others that are working day and night look stupid. We have politicians that have gotten power and provided means for their generator to achieve wealth easily.

It's not fair when we say this wealthy individual got their money through handwork as we know they had an advantage over others and when we talk about hard work, those who're doing the most don't get close to the wealth these families has acquired illegally. I don't think the government will do anything about it though because they're beneficiary themselves.

I really don't want to see this kind of statistics because we already knew, no matter what the exact numbers, that there are more poor people than wealthy ones, though this is only based on where I am living because everywhere I see most of the people are minimum wage earners and their houses are not as nice as compared to the wealthy ones. But whats painful is that your house is the only one in like 10 houses along the road; it's a head turner because it needs repair but you can't do it because you don't have the money to do it.

Yes OP, it's true.
And it's true because people who are poor minded or middle class go for show off and the poor class is worried about tomorrow's food while the upper middle class is worried about their neighbors and will do anything to burn their asses, of which the upper class takes enough advantage. Upper class focuses on spreading their money through investments in stocks and/or various businesses while middle class goes for small happiness like buying cars, home or property on EMI and paying the instalments lifetime. And later, their children either enjoy or just sell off their stuff that they gave their entire life to collect, and those children go out of country to become slaves of other countrymen who then exploit them after taking hefty fees to give visa to them to their country. This cycle goes on and on and so, upper class becomes richer and middle class either remains the same or gets into the category of poor but hardly gets rich. And poor class gets poorer with more inflation that takes place in future.

Its true that the world wealth is accumulated in rich people bank accounts and there is a major gap of finances in rich and poor .
Plus rich are getting richer and poor are becoming poorer because of economic crisis,  poor people are in majority in third world  countries so to solve poverty issue totally is impossible as the rich are fewer in number .

The government always finding a solution to make everyone equal in terms of government  assistance or job offerings but still everyone is not equal because they have different status in life from the ancestors, some people are born in poor family and some are born in rich family.

The people who has the wealth in their hands today are enslaving the common man to enrich themselves, that is why you see the rich people buying properties that belong to the common man by force, because they want to use the properties for business and to enrich themselves, and doesn't care about the common man and the government are adding to the common man problem, because they respect the rich people are careless for the common citizens. What the government should do is to provide job opportunity and to make life more for the ordinary man. 

Take a peek, would you! The wealthy are back to their old antics. Changing regular people into money makers? They resemble the villains from a major motion picture, except their goal is to acquire property rather than the world. What about the state? The henchmen performed what their wealthy superiors directed them to do and disregarded the public. It's similar to a strange collective.

There is a way out of this though, so don't fret. Governments ought to create employment opportunities and aid the common man. What you're doing is the emotional equivalent of wrapping your arms around them and saying, "We're here for you."

It is funny how the proponents of socialism tries to spin this topic. They always come up with 20% rich people oppressing the remaining 80%. But they never mention the simple fact that citizens of the United States, who comprise just 4% of the world's population account for 31% if the global wealth. None of the other countries even come close. China account for 18% of the global wealth, but they also account for a similar share in the global population. But we never hear about socialists in the United States asking their government to help the poor people outside their country.

Its mainly because the government can't regulate it and track it. The government want to be able to investigate your bank and financial activity. If needed,  freeze assets get taxes. Since it digital, Bitcoin exists at many different locations at the same time. This makes it very difficult for a single regulatory power to enforce its will across borders. It also means that a government or other third party can't technically raid on office and shut down anything.

If many governments of the world are against cryptocurrency and and can ban anytime then what why governments should tolerate cryptocurrency?

Now everyone is aware of it, that there really is something wrong in the government of the country or the world. If the existing government were fair and not greedy, surely all people would be better off and more prosperous. But the current government is very far from such expectations, most of them also have no intention of advancing their citizens, but only want to enrich themselves. To be honest, in my country, there are still many government officials who are caught doing corruption, and this is very detrimental to many parties.

And by looking at the number of cases like that, I can draw conclusions. Why is the wealth in this world unequal? maybe one of the strong factors is the number of people who are given authority, but abuse this authority to enrich themselves. And the rest of the wealth that exists in the world may be in businessmen, and ultimately in ordinary people.

So in my opinion the core of the problem lies with the government, the government must be able to change their bad attitude, and must care for their fellow human beings.

This is just my personal opinion, which I take from observations in the country where I live. I don't know much about other countries, but I hope the governments will be honest and trustworthy in carrying out their duties.

Along with the liberalization of goods and capital movements with globalization, the weight of the state in the economy has gradually weakened. With privatization, deregulation, reducing the role of the state in health and education, more passive monetary and fiscal policies, gradually reducing taxes and public expenditures, the leading role of the state has been abandoned and almost everything has been left to the market mechanism.

Thus the termination of the social state understanding has had negative consequences especially on low and middle income groups.

For this reason, we should bring the concept of social state to the agenda again. I hope that wealth will spread from the hands of a small group to the public with the dominance of the Social State in the market.

Actually, between the rich and the poor, they only differ in their pattern of using money or something. The mindset of rich people is usually to save and invest first, then use the rest for the needs of their life. Meanwhile, the mindset of poor people is to use money for their needs first, then if there is some left over, they will save or invest it so that they will remain poor throughout their lifetime because they do not want to change the pattern of thinking that is run by rich people.

Very few government ministers are members of the wealthy elite. They are just the puppets iof the wealthy dynasties.

That's so true Syed sir, I have also read and watched much content about this, and this fact is not new, for example, i have watched a video about how Romans made many unnecessary games, and events so that they can divert the interest of people from getting rich, educated and mannered to those pre-planned game. Maybe, you would also have watched those videos. Actually, the thing is, we are living in the world of manipulation where the one who has more money is governing us, that's what governance means. Getting power and if power is distributed among every person equally then it's of no good to those who want to govern us. There fore I mentioned the Roman scheme which is still present at this time, that people have stuck doing the same thing that only they are able to buy luxury cars, apartments and etc., etc.

Why? The reason is some powerful don't want to share power with us, you asked what governments can do, i am asking you, do they even want to make it more equitable, because if they do they will lose. For example, they could implement many plans, such as a progressive taxation system so that the one with more money has to pay more tax and the one with less money have to pay less tax, in this way, money will circulate and will be used for whole poor and rich) society.

There are many other steps that governments can do, like Welfare programs, to aid the poor and the lower ones, Educate them so that they can grow and can open new gateways for themselves and for others, and increment in wages of labor according to the economic conditions, as you may have seen many countries have a bad economy and still labor are getting wages same as there were getting 5 years back.

the government doesn't do anything we ourselves should think why other people can be rich and I don't have a mindset like that that we have to instill in ourselves we start from ourselves being consistent and disciplined because we humans are all the same only way of thinking  those of us who are rich, if we believe we can be rich, it will definitely happen.

well, you can't blame the poor people. definitely, what they think first is how to fill-up their tummy. can you work if you're hungry? i don't think so. they may have different approach in spending money because they truly have different needs.
rich people are few in numbers, but do you think all of them are at peace with themselves? can they sleep soundly at night when a lot of them are thinking about their companies and all? this is why, some people prefer to live in the countryside and live simply. they may not have all the extravagant things, but they are just happy and contented with their lives.
so in this life, it is up to you how you will be at peace with yourself, with money or not.

If we accept this situation as a problem, we have to say that it has a solution. However, the real problem arises at this point because when we accept it as a problem, we are faced with the fact that it has no solution.

Total wealth is a variable number. We cannot divide a variable number equally for everyone. If we try to do this, we will limit the total wealth. So as a result, if we limit the total wealth, we will not be sharing the wealth but the poverty. Unfortunately, we will see this gap continue to grow.

Yes, based on the statistics that is a commonly cited known as the Pareto principle or most commonly known as the 80/20 rule. Roughly 80% of the worlds wealth is controlled by 20% of the existing population. But still it is important for to let us know that the existing statistics can be different depending on who conducted the statistical data and of course the specific definition of wealth. If we will base on that statistical data i agree that there is a highly unequal distribution of wealth maybe that 20% is more capable to increase their wealth compare to the 80% who are having hard time earning their wealth.

I think not all governments plan to do this. Because there are many governments are also a hostage to those rich people or businessmen. So how will they find solutions to all those problems? Day by day the rich are only getting richer. But the condition of the poor is getting worse. Although it will not be possible to equalize this disparity, the amount of disparity there can be brought to a consistent level. Otherwise peace and order may be lost in many countries in the world with in a certain period of time.

It's probably much worse than you portray actually and the wealthier are getting even richer every year. A large chunk of that 80% will also reside in the hands of more like 1% of people and below. It is truly obscene how much wealth is wasted in the hands of a few, but unfortunately well regulated capitalism is very hard to achieve. There are a few super wise countries who had politicians with the foresight to use their resource wealth well, like Norway for example, where the profits of oil development went into a sovereign wealth fund for the wider public to use - instead of being sold off as a one off bump to government accounts like many countries did with their oil rights.

We know that each country does have its laws and other regulations or simply on what type of government they do have which there's no way that there would really be some sort of equal distribution.

The rich gets richer and the poor gets more poorer and there's no way on stopping this inevitable reality. This is why as an individual, it would really be just that right that you should really be finding ways on making yourself progress in terms of your way of living.Inequality is always been  the issue, wealth or money distribution is never been that equal on the first place.
Not really that a shocking reality in the  first place. It is really just sad to see that there are lots who had been suffering due to lack of opportunities which are supposed to be distributed or to be
applied.

they are in full control of finances. well, I can say that the existing financial centralization makes us unable to be free in owning wealth. Of course those in control will have more wealth than those of us who are just users. they may keep secrets that we don't know, they can make us poor in an instant if they want. but for them 20% of our wealth cannot be a problem for them because it is only a small part.

[1] https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html

i don't know whether the data scattered about wealth around the world is true and accurate, but from your question OP; the fact is that the government will not be able to make wealth spread evenly to everyone in the world, there are many factors that cause it.  many politicians and businessmen in each country collaborate to monopolize the available wealth in that country, so as long as there are people with greedy types, equal distribution of wealth is impossible to happen.

Equal distribution of wealth won't happen forever. Maybe if we were practicing the bartender method of transaction, it might've been followed. This is not just on greed, one have put the effort and multiplied his earning and someone without any efforts expecting his earnings to be shared isn't a fair thing.

80% of wealth into the hands of 20% is the truth, and this can be understood with the net worth of the leading people against the sum of cumulative value of each country's budget. Also Governments can never get into one's money and force to distribute equally when the person have paid tax for what he have earned.

80/20 is more lopsided in USA I think and probably a few different places, we should find a chart that compares inequality but its not rare because some will save and invest and some will just spend on the basis that they need things now.  For alot of people, their family is their investment literally the kids will look after their parents in old age and this is their pension of sorts in lots of countries the reliance on paper money isnt there they farm and turn over value in live stock, plantations etc.
   That makes sense and doesn't make them poor exactly but on paper it doesn't compare well to the global reserve system all based around paper debt from mostly just an elite set of countries; it ain't fair basically.

Economically people should try to improve their fortunes the government has no role to play in speeding up and taking the country forward socio economically. Due to the social and political unrest in the world, economic activities are being hampered. People are falling behind in this the prerequisite for development is political stability economic development is not possible without political stability. The poor are getting poorer and personal income inequality is increasing, the gap between the richest and the poorest has widened. If not, public outrage against such discrimination will continue to grow discrimination there will be a big stir in the political field.

If we think of the most richest person in the world we would think of people like Elon Musk and Bill Gates. But they are just famous, most of the rich people in the world doesn't even want to be exposed to the public they would pay the government or people to hide their identities to the public maybe it might be for their safety since they are rich. In short we still don't know some of the richest person in the world that might contribute more to the country to eliminate the issues but since that's not their responsibility they remain silent, so this statement could be true.

It is true that wealth distribution can be unequal, with a small percentage of individuals holding a significant portion of the world's wealth. Economic disparities exist in many societies, and the concentration of wealth can impact social and economic dynamics.

While government policies and initiatives can play a role in creating opportunities and promoting economic growth, individual efforts and choices also contribute to wealth accumulation. Factors such as education, skills, entrepreneurship, hard work, networking, and access to resources can influence an individual's ability to generate wealth.

Government can't take from the rich to give to the poor or middleclass so i don't think they can do anything, the rich will continue to get richer because all the finest opportunities of life is at their feet.
The poor and middleclass people can only do much, if you get lucky with so much hard work you can find yourself in the top. But in most cases they can't exceed certain level. However, not everyone has the capability and capacity to climb to that level. I think the majority of middleclass are just content with their status, as long as they don't belong to the poor majority they are okay.  :D

Indeed, we are just seeing small percentage of it but we cannot deny how the gap between rich and poor is significantly higher and we can actually observe this in most countries especially those in developing. We can see through the years that rich were continuously getting rich while poor people stays like that. It may be because of the wise decisions of the wealthy people and what they have is actually the opportunity to make it more since they have the resources to do so. Therefore those who are really poor who do not have that kind of resources doesn't have the opportunity to help. I think it is indeed that government cannot do something regarding this gap, but I think they can help lessen the poverty line if they just do good governance that offers really more opportunities for poor and focuses on them on helping them but that it is too good to be true since most of people in government are corrupt, what a sad reality it is.

I think that it is human nature to be competitive because everybody wants to be at the top, to control others. So the issue of class has always been there. Those at the top will do anything, even it it's evil to remain there, because they control the wealth of their society, they will make sure that it is not evenly distributed. This top or high class individuals will go as far as putting their loyalists at the head of government, just to protect their wealth.

Government can not do much to bridge the gap between the rich and poor, especially in capitalist countries, where the industrialists and the super rich controls the economy. They will always have the upper hand in wealth distribution.

I also see something that is very reasonable in cases like this because it already talks about a person's ability to do so in order to maintain his throne of wealth and power through several channels, including through the economy. So it's only natural that there will always be competition in high-class society so that the losers and the winners will always be seen and some of them will never give up to stay rich and be number one globally.

If examined in depth, actually this kind of thing is not included in the government's duties even though it occurs within a country. Because the task of the government is to supervise, guide and also build what is needed by the community so that the rich and poor are only colors in society because it occurs based on the benchmark of the number of valuable assets owned by everyone. So it will be difficult for the government to intervene in such a problem because there really won't be a common ground to resolve.

It is not, we have talked about this before and many other people talked about it as well, 1% of the people own 90%+ of the wealth in the world, that's true and the reality we live in. The discussions about socialism and liberalism meets a crossroads here, if you build a nation with free market liberalism, then some people get rich based on their talents, or more like their business ideas, and they get rich to a point where they own it all, but if you build a socialist or communist nation then the people at power start to do that, why do you think in 1991 as soon as USSR disbanded there were rich people?

So all in all, whatever method you use, doesn't matter the ideology, there are rich people who own most of the wealth, that's just how human nature is, we are incapable of stopping that. There is literally no known method that can stop this.

What you say is true, but it is not entirely true. The government is also partly responsible and responsible when it comes to inequality and disparity between rich and poor in society. But if you think the government has no role or effort in driving the economy and the country forward, you are wrong. They will create opportunities and jobs, but who grabs and takes advantage is up to each person, you can't expect them to come and give you a high paying job, you don't have to put in the effort to find. No government can do that. In addition, many people stay poor and get poorer because they are lazy, don't try to get ahead, and can't blame the government for this case. Just like in a family where there will be rich and poor, you cannot blame your parents when you are poor, your brothers and sisters are wealthy.

I think it's a whole lot of countries. The gap between the rich and the poor is too wide. In fact, it's even worst in developing countries. I believe the gap is a little bit low in the US when compared to developing countries. Maybe it's the many opportunities in the US. In some developing countries, the middle class is none existent. It's either you are rich or you're poor, there are no in-betweens.

Are you saying the government has no role to play in reducing poverty in the country? If that is what you're saying then you are wrong. In fact, Government has the biggest role to play in this.
I'm not saying people shouldn't find their own way, but they would be short of options if the government don't try to help in the fight against poverty.

Hmm, the government will never solve the inequality that distinguishes between rich and poor because it is the rulers who play this stupidity on their own playing field. The power that they control over the people and see in us as a diversion flickers in their eyes, a tool that enables them to make more money. So there will be nothing to change; the whole life will continue, and the loser is still the people, no matter how big the fortune is. It will never be the game of these rulers.

Well, I think that those statistics may be partially correct, but I think that there is quite a wide world population that has more money; maybe you, we, the media, or the government did not just know them all because they just chose to stay anonymous. Why I said the statistics may be partially correct is that, normally, we have a lot of poor people and middle-class people because there are a lot of lazy people who usually give up for principal that can earn them a lot of money, which is why some people too end up working for a company or the government all the days of their lives and receiving less than $300 per month. So, the number of rich people is supposed to be less than the middle class and the poor because there are only a few (lot) of them who are breaking the principal to make wealth, but they are more than 20% based on your topic. There are quite a lot of richer people worldwide, not just Elon Musk, Bill Gates, the CEO of Apple, the Facebook CEO, and their likes. What of the Hollywood super starts, Bollywood super starts, Nollywood supper starts, all the supper starts musicians, and some supper starts comedians? What about those bitcoiners with thousands of bitcoins in their wallets, what about the drug cartels... There are many rich people worldwide; just that, some are in disguise  for some possible reasons best known to them.

Not really. Let me tell you of a personal insight I was able to gather from starting as a poor kid, to a middle class, and to an upper class (I guess) person.

First off, the mindset when you're poor isn't how to make money to make more money, it's to make money in order to make ends meet. Which is why people that employ lower classes could get away with paying them stupendously low fees. They are at the mercy of these people considering that the slightest sign of rebellion is going to leave their families' stomachs empty.

When you become a middle class person, you've basically risen above the fear of losing finance for your basic needs, so now what you're looking for is to make more money in order to meet other needs. Adventure, luxury, other stuff that doesn't necessarily equate to being important but is definitely something that shines bright for a middle class individual. This is also the reason why they oftentimes find themselves losing their status, cause from all those spending, they didn't bother looking if whether they can save some of it in times of need, or to keep a consistent profit stream for when times get rough. They basically live in the "now"

Finally, the rich. The rich doesn't bother over stuff that the poor and the middle class would normally wrack their brains over, they can do it anytime they want anyway, so they focus on the main thing that would enable them to do this things: Money. Rich people will be seen working for money, and making money work for them, they seldom go to adventures and trips, and makes sure that their main investment, the body and the mind, is in tip-top shape. This is why you'd see rich people ripped and eloquent and smart, they got there for a reason, and they are staying in their lane because they have the capabilities.

Instant cash is something that both the poor and the middle class know is impossible, that's why they don't push for it. The rich knows it's improbable, so they make ways and do things that would allow them to do it.

It is sad indeed if we look at this and this has caused concern because of its potential social and political implications. High levels of wealth inequality can lead to social unrest, economic instability, and hinder sustainable development.

Responding to this problem, the government and policy makers have a big duty to overcome this inequality and make it fairer, for example in terms of progressive taxation, inclusive economic policies and regulating financial markets and accumulation of wealth, meaning that the government can implement regulations and policies to prevent excessive accumulation of wealth and curb predatory and monopolistic practices.

I am sure, that wherever the steps taken by the government, all related components must submit and comply, otherwise there will be no consequences. The government always wins when it comes to exact regulation.

The issue of wealth being controlled by only a few percent of the world's population, of course, still needs proof and real data, but if you look at the conditions that exist in my country and have done research, a surprising fact was found, namely that the country's resources are controlled by 5%.

If only 5% is controlled, I think that is a very small number because there is still another 95% that must be known and managed properly by the state or the authorities in order to be able to prosper the people who live there. And by the way I want to know which country you are in that so little resource is being managed by a party that you don't name yourself. And what needs to be clarified here is what resources manage that 5% in your country? Is it natural resources or are there human resources there?

Even if we don't real data, the visibility of their companies, businesses, and other stuff publicly is already enough to say that they've been controlling the world's wealth. I'm into conspiracy theories but it seems that a few of those stuff are likely for real like that Rothschild and Rockefeller thing.

That's a lot if your country has a huge mass. A total of 5% of it will make someone control over all of those resources and will make them oligarchs.

I do not see this issue as temporal, if just talking about the data is not clear whether verifiable or unverified, it is not enough to assess the overall impact.
I have a small thought about the old times when the economy was controlled by the royal family and it worked well in the early stages and then the crisis hit and created an economy again. new royal control. Today also balance may be what many people want, but in reality it has not happened, if the control and operation is good, I see no problem at all, but if the opposite is the case, the change will happen again.