Is it true that 80% of the world's wealth in the hands of 20%?

[Sayeds56]

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/

[Jawhead999]

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.

[fuguebtc]

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What governments can do to make it more equitable?

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.

[Bestdss]

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.

[White pawn]

What governments can do to make it more equitable?

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.

[Sayeds56]

Just think about the reasons why so many governments of the world are against cryptocurrency.

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.

[DrBeer]

Just think about the reasons why so many governments of the world are against cryptocurrency.

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 ....

[mindrust]

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/

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.

[ethereumhunter]

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.

[Lucius]

What governments can do to make it more equitable?

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.

[electronicash]

What governments can do to make it more equitable?

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

[jrrsparkles]

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.

[trendcoin]

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.

[boyptc]

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.

[Smartvirus]

What governments can do to make it more equitable?

https://wir2018.wid.world/

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.

[MiF]

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.

[hugeblack]

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)

[lionheart78]

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.

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 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 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.

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.

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. 

[tjtonmoy]

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.

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.

[slapper]

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.