We don't need more billionaires..

[Questat]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

People will always carry its own greed, that's something that we can't removed from being a human being.

However, having more billionaires means having bigger revenues of the government because of their massive taxes, and because these billionaires are capable of creating big businesses, that would mean creating more job opportunities for the average people to have their own source of living and work on the billionaires' companies. With that, billionaires are actually serving their own purpose, that offers bigger advantage especially to the jobless people that are qualified for the job description.

[IceLincoln]

Permit me to say this. The most dangerous threat to the world economy isn't war, not poverty, not corruption. It's the billionaires. The world had enough money, but ten men hold it. Listen to this, the ten richest men in the world, have more money than 3 billion people combined. Elon musk, Bezos, Dangote, Zuckerberg, they all can end world hunger with 6% of their wealth, but they won't. Because they won't gain from it. They are only interested in profitable things like buying twitter now called X buying yachts, go to space to have fun, while children in India, Africa and even America sleep hungry. That is not economy, that is wickedness.

They tell us billionaires create employment". Lies! Amazon killed 100 thousand small shops. One man jeff Bezos closed shops of millions of families. Uber killed taxi drivers, Ai billionaires are now firing workers and replacing them with robots. They don't create jobs, they packaged poverty and call it innovation.

Every billionaire product is built on cheap labour. Who make iPhone ? Poor Chinese boy in the factory who earns $2 per day. who makes Nike shoes? Poor Vietnamese girl who cannot afford the shoe. Who drives profit for Tesla? Workers who can't afford Tesla. The billionaires at the top collects one billion, the workers at the button can't even pay rent. That is modern slavery.

A market woman pays tax on every bottle and sachet water she sells, but Amazon, Google, Apple Dodge billions in tax. They hide money in cayman island. The poor tax, the rich Dodge tax, and then the government borrows more money and tells the poor to pay more tax, world economy is upside down.

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

OP I understand where you’re coming from and why you would want to blame the wealthy people for the economic inequality we see today. Of course many big companies or businesses have put away smaller businesses and some may have taken advantage of cheap labour and weak regulations. But the billionaires are not entirely to blame or even the problem, the economic and political systems that allow this are the reason for such situations, the world is a capitalist world I tell you and most of our political leaders are not doing anything about it cause they’re part of the system.
You can’t get angry over other people’s money or wealth for not using it the way you want or expect them to, you’re not entitled to it cos you didn’t work for it.

[Synchronice]

Permit me to say this. The most dangerous threat to the world economy isn't war, not poverty, not corruption. It's the billionaires. The world had enough money, but ten men hold it. Listen to this, the ten richest men in the world, have more money than 3 billion people combined. Elon musk, Bezos, Dangote, Zuckerberg, they all can end world hunger with 6% of their wealth, but they won't. Because they won't gain from it. They are only interested in profitable things like buying twitter now called X buying yachts, go to space to have fun, while children in India, Africa and even America sleep hungry. That is not economy, that is wickedness.

They tell us billionaires create employment". Lies! Amazon killed 100 thousand small shops. One man jeff Bezos closed shops of millions of families. Uber killed taxi drivers, Ai billionaires are now firing workers and replacing them with robots. They don't create jobs, they packaged poverty and call it innovation.

Every billionaire product is built on cheap labour. Who make iPhone ? Poor Chinese boy in the factory who earns $2 per day. who makes Nike shoes? Poor Vietnamese girl who cannot afford the shoe. Who drives profit for Tesla? Workers who can't afford Tesla. The billionaires at the top collects one billion, the workers at the button can't even pay rent. That is modern slavery.

A market woman pays tax on every bottle and sachet water she sells, but Amazon, Google, Apple Dodge billions in tax. They hide money in cayman island. The poor tax, the rich Dodge tax, and then the government borrows more money and tells the poor to pay more tax, world economy is upside down.

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

World poverty can't be solved that easily. It won't be solved if these billionaires just give free money to people. The only way to solve world poverty is to invest into education and create lots of businesses in many niches. For example, if there is a country that doesn't produce shoes and imports it, investing some millions of dollars into education and factories can make country able to produce shoes, which will employ many people and will significantly reduce the price of the shoes since they won't have to import shoes. This is just a brief example.
By the way, sadly, in the world, those with power control everything. That's just the nature of our life and the ecosystem on this earth.

[boyptc]

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

Been reading about that, why the wealthy ones doesn't end poverty since age of time. In the first place, is that even they have lived and worked for?

I'm not clapping and worshipping them. But that's not how it is going to solve poverty easily if they put their wealth altogether and feed people.

They should have done that long time ago but, it's a problem that will never be solved by them but by the government.

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

What if that few becomes you? the world doesn't need more any of you?

Well, the world has a permanent poverty problem and even until we leave this world it will not be gone.

[M47AK16]

OP says world dont need billionaires, he describes only inequality and advantages billionaire have over regular or poor people. If billionaires are the problem, then what will be the solution? OP makes a statement that there is a problem, but doesnt provide solution to it.

Lets make billionaires turn into regular people. That I think OP wants to suggest. But that will mean that thousands people get fired. From OP own example, what is better, let "Poor Chinese boy" make Nike shoes and earn $2, or it would be better to fire this boy and let him be unemployed. Or the solution would be move factory from where "Poor Chinese boy" is into other place, spend money to build it, hire new employees and pay them $100/h. Would OP then buy Nike shoes if they cost not $100, but $1100 because that would be only production cost with no profit?

Is it bad for person to want to have more money? Is it bad for person to have skills or opportunity to organize business or something that turns profitable and bring that person more and more money?

There are a lot of people who are not billionaires who support the rights of billionaires like you. If you have just one nation that taxes the billionaires carefully, and the rest just let them be, then those rich people will just leave that country and go to other ones. If you are a wealthy person, and Sweden taxes you 50%+ and USA taxes you 30% and Singapore asks 0%, which one would you prefer? The problem is simple, rich people have too much, and I am fine with them having a lot, have as much as possible, be trillionaire in fact, I do not care.

But all I am saying is that they should be taxed accordingly. Not "people"; the companies that make them rich should be paying a lot, or hiring a lot; that's the only solution. Either you hire thousands and pay less tax in return, or if you fire thousands, then you pay a lot of taxes. If only one place does this, then the rich will flee to those places, but if all nations do it together, then the rich would have to pay taxes. That's it: pay decent taxes so we do not have a dude with a trillion dollars while having people dying of starvation in the same place; that's the solution.

[Mayor of ogba]

I clearly understand why you are sounding this way and I won't blame you for being among the people who believes billionaires should share some percentage of their wealth among the poor across the world in order to eradicate poverty, but you don't tell a man or woman who has worked so hard to conquer poverty how to spend his or her money, so you shouldn't get angry on how billionaires are spending their money. What gives money value is scarcity. If everyone has money the world will become more difficult to live no one will want to work, all the billionaires understand this, that's why they haven't shared their wealth for some people to work out what the world will feed on.

[Kelvinid]

I clearly understand why you are sounding this way and I won't blame you for being among the people who believes billionaires should share some percentage of their wealth among the poor across the world in order to eradicate poverty, but you don't tell a man or woman who has worked so hard to conquer poverty how to spend his or her money, so you shouldn't get angry on how billionaires are spending their money. What gives money value is scarcity. If everyone has money the world will become more difficult to live no one will want to work, all the billionaires understand this, that's why they haven't shared their wealth for some people to work out what the world will feed on.

And just because billionaires have abundant wealth and money then they are responsible enough to help the poor and the needy, that's not how it works. If this is the case, they should have not worked so tirelessly and endure sleepless nights because in the end, they will be giving away all their wealth and let the other people take the most benefits.

I understand that people don't have the same luck, opportunities and privileges in life, but the wealth of Juan should only be for Juan, and what's for Pedro is just for Pedro only. This is what I often hear from my grandparents before.

[Sanitough]

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

So what's your point here? Eliminate those billionaires that give the biggest revenues to our government, and prevent them from getting richer?

If I'm not mistaken, those billionaires are once living in poverty, but they make the most of their lives and sacrifice a lot to achieve the life they have right now. They just reap what they sow, whatever they will do to their money, no one has the right to make rules for it. Even those who are making illegalities in life and end up billionaires, still we have no right to ask penny for them, but they should face the authorities if they are being caught and guilty.

[m2017]

Permit me to say this. The most dangerous threat to the world economy isn't war, not poverty, not corruption. It's the billionaires.

Ah, so that’s how it is… Too bad you can’t leave dislikes here.

The world had enough money, but ten men hold it. Listen to this, the ten richest men in the world, have more money than 3 billion people combined.

Beyond these high-profile billionaires, there are other figures lurking in the shadows whom you are overlooking.

Elon musk, Bezos, Dangote, Zuckerberg, they all can end world hunger with 6% of their wealth, but they won't.

But even if they put an end to hunger now, in 10 years, following a natural increase in the population, for instance, they would need to allocate even more than that 6% to address the hunger that will have emerged by then.

Because they won't gain from it.

The people you’ve listed are businessmen, and the primary goal of business is profit, not charity. So, what exactly are you expecting? For a wolf to start giving milk like a cow?

They are only interested in profitable things like buying twitter now called X buying yachts, go to space to have fun, while children in India, Africa and even America sleep hungry. That is not economy, that is wickedness.

That’s capitalism, baby. And why, then, would anyone go to the trouble of starting a business, growing it, solving problems, and keeping it from "dying", only to hand the fruits of that labor over to outsiders who do nothing? And tell me, @Prince patrick, why don’t you give your own earnings to children in Africa? In what way are you any less capable than Musk?

They tell us billionaires create employment". Lies! Amazon killed 100 thousand small shops. One man jeff Bezos closed shops of millions of families. Uber killed taxi drivers, Ai billionaires are now firing workers and replacing them with robots. They don't create jobs, they packaged poverty and call it innovation.

This is a redistribution of spheres of influence and profit. It’s natural selection: the weak (in terms of business, technology, etc.) die out.

The point of business is not to create jobs, but to generate profit through the people who hold those jobs. In other words, workers are an "instrument" used by a business to make money. If this "instrument" becomes inefficient at generating profit, it is either replaced or "discarded". Stop confusing business with charity.

Every billionaire product is built on cheap labour. Who make iPhone ? Poor Chinese boy in the factory who earns $2 per day. who makes Nike shoes? Poor Vietnamese girl who cannot afford the shoe. Who drives profit for Tesla? Workers who can't afford Tesla. The billionaires at the top collects one billion, the workers at the button can't even pay rent. That is modern slavery.

Congratulations - you’ve finally seen the light. That’s the essence of business: making money through other people.

A market woman pays tax on every bottle and sachet water she sells, but Amazon, Google, Apple Dodge billions in tax. They hide money in cayman island. The poor tax, the rich Dodge tax, and then the government borrows more money and tells the poor to pay more tax, world economy is upside down.

Believe me, if an ordinary market vendor could, and had the resources and the "tools" to do so, she would also avoid paying taxes (which, in fact, is something she does whenever the opportunity arises).

It’s just that billionaires have more resources (and more incentive, since, given the scale, the potential savings can be enormous).

Imagine we take just half or billionaires wealth and put it into free schools, hospitals, factories and farms. Poverty will end in five years. But we worship them. We clap for them on Forbes list while we suffer.

No matter how much you invest in "destitution", it will never be enough. It’s just like giving money to an idle, non-working son - he will grow up incapable of earning a living on his own.

You applaud and worship them because you wish you were in their shoes.

The world does not have a poverty problem, the world has a greed problem, we don't need more billionaires, we need fewer, some has 2 hundred billion while some is drinking dirty water.

Ok, you’ve pinpointed the root of the evil. What would you like to see happen next? Should quotas be issued for billionaires?

[5W-KILO]

OP, I am highly disappointed in you.

Everyone in the world are going to school, running after degrees, learning new skills with AI and Non AI, the world is evolving very fast and you think the world problem is the billionaires?

Why are you trying to get those degrees then?
It's the likes of you that brings children into this world without enough money in the bank.

You don't think it's a world problem that poor people are giving birth? Let's the real here, poor people are the biggest problem in the world, they have the same mentality like you, they don't face their own problems instead they put blames on successful people.

Poor people and their guts, guts to point fingers when they are the 99% problem, what confidence does poor people have to birth children and raise nuisances because they don't even have money to give sound education to their offsprings.

Crime rate would reduce alot in the world if everyone is capable of raising their kids right, but you can't do it without enough money so fix the problem, children are far safer in heaven, they are innocents, they shouldn't be dragged into your mess because of your senseless way of thinking.

[viljy]

They tell us billionaires create employment". Lies! Amazon killed 100 thousand small shops. One man jeff Bezos closed shops of millions of families. Uber killed taxi drivers, Ai billionaires are now firing workers and replacing them with robots. They don't create jobs, they packaged poverty and call it innovation.

Don’t lump AI and the platform economy together. AI is something completely different. It’s not just a change in business format, it’s a change in the mode of production. As for Amazon. Didn’t these merchants move their trade to the marketplace? Marketplaces and the platform economy have created millions of new merchants, i.e., jobs.

In general, whether owners of bankrupt stores like it or not, platforms have created global trade, where goods are delivered almost right to your plate, to your cat or dog’s bowl, to your closet, and so on. This is the best format of trade for the consumer. Now you can buy absolutely anything from anywhere in the world (well, almost anything). Millions of satisfied consumers don’t care about the hundred thousand closed stores. As Chubais said: "They didn’t fit into the market."

As for the billionaires from whom the OP wants to take money (and at least half of it) and distribute it among the poor - well, that happened a hundred years ago, and it ended the same way: with the same billionaires, just different ones.