Just 8 men own same wealth as half the world

[ridery99]

Just 8 men own same wealth as half the world

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

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

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

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

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[The-Accountant]

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

[Sahyadri]

Most of this wealth they hold is speculative in form of shares.

If they were to sell those shares the price of those shares would fall steeply

[Sithara007]

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

[BADecker]

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

[Chikito]

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

[Sithara007]

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

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

[Slow death]

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

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

I agree

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

Many of these billionaires have fortune because they Harms many people

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

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

Would be a solution, but as long as poor countries are run by unscrupulous people, will hardly escape poverty.

[Sithara007]

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

How can you be so sure? I am 100% confident that they will be much more happier, if they could afford quality healthcare and send their children to good schools. In most of the cases, money can buy you happiness.

[dreamer81]

it's plain dumb to measure happiness in wealth.

The richest man in the world could die of cancer in a 1 or less (steve jobs).

I'd rather stay healthy than rich

[coolcoinz]

Ever heard of the Bilderberg group? It was made for this purpose, to manipulate the economy and political situation. If you gather a group of the most powerful people in the world and focus them on a specific area, branch of industry, country, whatever, you can do anything you want. They could bring a whole country back from debt and poverty or run a prospering one into debt.

[bryant.coleman]

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

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

[coolcoinz]

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

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

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

[bitcoinboy12]

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

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

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

This is actually perceived truth. You can observe this and experience this yourself. Go to a 1st world country and go to a 3rd world country and compare how it feels.

[Real5real]

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

[PetroffVany]

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

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

[Sithara007]

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

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

[criptix]

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

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

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

[dirokkl]

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

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

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

Russian trolls on all sites are company to support Trump. I certainly do not think that the Russian was recruited by Trump. It seems to me that Putin believes that Trump is a very stupid man and it would be easy to cheat.

[craked5]

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

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

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

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

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

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

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