80 richest people on the planet have the same wealth as the poorest 50%

[Febo]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

[1714899636]

1714899636

[1714899636]

1714899636

[erre]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

Trillions, maybe?
Bill Gates alone own 80 billion dollars.
http://en.m.wikipedia.org/wiki/The_World%27s_Billionaires

[BitCoinNutJob]

The problem is getting worse also, the super rich are getting better and better at killing the middle class.  I reckon best thing to do is boycott the system as much as possible.  Trying to address the problem within the system hasnt worked.

[General_A]

The problem is getting worse also, the super rich are getting better and better at killing the middle class.  I reckon best thing to do is boycott the system as much as possible.  Trying to address the problem within the system hasnt worked.

"Give my people plenty of beer, good beer, and cheap beer, and you will have no revolution among them."

The problem isn't the rich. The problem is the lethargy of the working man. If you want change then switch off your PC, mute your televisions and begin to appreciate your fellow man. You'd be surprised how many people think the same way but wouldn't know where to begin. We need a shepherd to guide us. Be that shepherd.

[Febo]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

Trillions, maybe?
Bill Gates alone own 80 billion dollars.
http://en.m.wikipedia.org/wiki/The_World%27s_Billionaires

Yes ofcourse is trillions.

[B.A.S.]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

Trillions, maybe?
Bill Gates alone own 80 billion dollars.
http://en.m.wikipedia.org/wiki/The_World%27s_Billionaires

Yes ofcourse is trillions.

Maybe he meant the same wealth as the poorest 3.5 billion people?

[B.A.S.]

The problem isn't the rich. The problem is the lethargy of the working man. If you want change then switch off your PC, mute your televisions and begin to appreciate your fellow man. You'd be surprised how many people think the same way but wouldn't know where to begin. We need a shepherd to guide us. Be that shepherd.

Especially in this forum, just want to point out your comment is very wise and something I subscribe to myself. In a lot of ways, the middle class is voluntarily hanging itself. We need to get re-energized about our place in the world once more. Prior to these inflated decades of entitlement, the middle class man was revered for his sense of duty, honor and commitment to family and friends. He worked hard and it stood for something. Getting rich was not his idea of life, though perhaps a by-product.

[General_A]

Especially in this forum, just want to point out your comment is very wise and something I subscribe to myself. In a lot of ways, the middle class is voluntarily hanging itself. We need to get re-energized about our place in the world once more. Prior to these inflated decades of entitlement, the middle class man was revered for his sense of duty, honor and commitment to family and friends. He worked hard and it stood for something. Getting rich was not his idea of life, though perhaps a by-product.

Why thank you ! A very kind thing to say.

We need to get re-energized about our place in the world once more.

^^ I could not agree more with this. It has taken many a hard working man to create the society in which we are blessed to be currently living in today. Our forefathers have fought for centuries told to fight for the standard of living that most of us in the west enjoy today. They would probably be immensely proud of how far our species has come and the fruits that our and there labour have brought. However, I am also sure they would be a little pleased to see how are appetites for bigger and better have increased exponentially, whereas our hunger to work hard for such improvements has practically vanished.

In Asia, that hunger is growing. Watch the east.

[username18333]

. . .

^^ I could not agree more with this. It has taken many a hard working man to create the society in which we are blessed to be currently living in today. Our forefathers have fought for centuries told to fight for the standard of living that most of us in the west enjoy today. They would probably be immensely proud of how far our species has come and the fruits that our and there labour have brought. However, I am also sure they would be a little pleased to see how are appetites for bigger and better have increased exponentially, whereas our hunger to work hard for such improvements has practically vanished.

In Asia, that hunger is growing. Watch the east.

(Red colorization mine.)

These parameters link the violence to natural selection: killing competitors improves a male chimp's access to resources like food and territory - and crucially, it will happen more frequently when there is greater competition from neighbouring groups, and when the males can patrol in large numbers, with less risk to their own survival.


Chimpanzees and bonobos are our closest living evolutionary relatives

"It's a natural behaviour - it's not something that we've induced by disturbance or intervention," explained Dr Susanne Shultz, an evolutionary biologist at the University of Manchester.

Nietzsche’s philosophy contemplates the meaning of values and their significance to human existence. Given that no absolute values exist, in Nietzsche’s worldview, the evolution of values on earth must be measured by some other means. How then shall they be understood? The existence of a value presupposes a value-positing perspective, and values are created by human beings (and perhaps other value-positing agents) as aids for survival and growth. Because values are important for the well being of the human animal, because belief in them is essential to our existence, we oftentimes prefer to forget that values are our own creations and to live through them as if they were absolute. For these reasons, social institutions enforcing adherence to inherited values are permitted to create self-serving economies of power, so long as individuals living through them are thereby made more secure and their possibilities for life enhanced. Nevertheless, from time to time the values we inherit are deemed no longer suitable and the continued enforcement of them no longer stands in the service of life. To maintain allegiance to such values, even when they no longer seem practicable, turns what once served the advantage to individuals to a disadvantage, and what was once the prudent deployment of values into a life denying abuse of power. When this happens the human being must reactivate its creative, value-positing capacities and construct new values.

(Red colorization mine.)

Alexander did, indeed, conquer many a people; however, conquest is a self-preservation technique so primitive as to be employed by chimpanzees.

[General_A]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

Trillions, maybe?
Bill Gates alone own 80 billion dollars.
http://en.m.wikipedia.org/wiki/The_World%27s_Billionaires

3.5 billion people, not dollars.

[expert4knowledge]

"80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)"
^^^
$3.5 Billion combined for the richest 80 people, seriously?
Don't you want to check that one before posting it?

Datas are correct i saw them elsewhere few days ago.

Trillions, maybe?
Bill Gates alone own 80 billion dollars.
http://en.m.wikipedia.org/wiki/The_World%27s_Billionaires

3.5 billion people, not dollars.

Some of entrepreneurs or very smart people or people with special powers may grow much more logical, maybe governments need to revise their tax policy.

[Amph]

Make of this what you will.

• By 2016, the top 1% of the world’s population will have more wealth than the other 99%
• 80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)
• The poorest 80% own just 5.5% of the world's wealth
• The richest 80 doubled their worth in cash terms between 2009 and 2014
• More than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches
• Britain’s 100 richest had the same wealth as 30% of UK households
• The financial sector contributed $571 million to various campaigns during 2012 U.S. presidential elections
• In 2013, financial and insurance lobbies gave $550 million to policymakers in Washington and Brussels

ps: Before anyone blindly starts proselytizing about Bitoin, keep in mind the same pattern has/is emerging in crypto as well.
Less it be forgotten, the top 100 addresses own 20% (2,875,298 BTCs) of all BTCs mined thus far (13,736,250, as of block #339,450).

This is a very big problem indeed, but bitcoin won't resolve it at all.

but it may help in some way for sure, by spreading it in the right way, some poor people would have a better living, if they took the bitcoin train

[arbitrage001]

Wealth disparity is a sign of unhealthy social structure.

[zimmah]

The difference with Bitcoin is that inflation will decrease and the wealth will eventually be irrevocably distributed.

With fiat, the ruling wealthy can continuously inflate the currency and still maintain their wealth without redistribution.

Speaking as a Bitcoiner,
1. Bitcoin is a deflationary currency.
2. There is no guarantee it "will eventually be irrevocably distributed."

There is, assuming bitcoin is used as the one and only currency.

If you want food, you'll need to pay with bitcoin.

If you never do anything to earn bitcoin, you'll just keep losing bitcoin to pay for food. Thus, unless you were incredibly rich to start with, you'll need some form of income (= you need to offer something to mankind) to pay your food. You can't just print your way out of it like the rich do now.

Yes, early investors will likely have enough bitcoin to feed themselves and several generations of children and grandchildren but eventually there will be a somewhat even distribution. Since the few people who are rich enough in bitcoin that they don't need to work will only lose bitcoin (they will spend more than they earn), while the relatively poor will work and earn more than they spend. Eventually the gap between poor and rich will close.

That's the effect of a currency that is limited in supply, like gold or bitcoin. At some point, you will need to do someone a favor to gain some commodity in order to get something you want.

There are no free rides in a commodity-based system.

The gap between rich and poor is caused by a lot of things, unlimited printing of dollars is one of the causes (not the only cause however).

Another important cause is because a majority of people is stupid enough to refer to other people as their 'boss' like they are some kind of dog.

[manselr]

Make of this what you will.

• By 2016, the top 1% of the world’s population will have more wealth than the other 99%
• 80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)
• The poorest 80% own just 5.5% of the world's wealth
• The richest 80 doubled their worth in cash terms between 2009 and 2014
• More than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches
• Britain’s 100 richest had the same wealth as 30% of UK households
• The financial sector contributed $571 million to various campaigns during 2012 U.S. presidential elections
• In 2013, financial and insurance lobbies gave $550 million to policymakers in Washington and Brussels

ps: Before anyone blindly starts proselytizing about Bitoin, keep in mind the same pattern has/is emerging in crypto as well.
Less it be forgotten, the top 100 addresses own 20% (2,875,298 BTCs) of all BTCs mined thus far (13,736,250, as of block #339,450).

This is a very big problem indeed, but bitcoin won't resolve it at all.

but it may help in some way for sure, by spreading it in the right way, some poor people would have a better living, if they took the bitcoin train

Most people cant take the Bitcoin train because they dont have the money and resources to risk on it anyway. And to pick a good spot in the train to become rich, you need a lot of money to buy at least 100 coins.

[Kprawn]

Make of this what you will.

• By 2016, the top 1% of the world’s population will have more wealth than the other 99%
• 80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)
• The poorest 80% own just 5.5% of the world's wealth
• The richest 80 doubled their worth in cash terms between 2009 and 2014
• More than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches
• Britain’s 100 richest had the same wealth as 30% of UK households
• The financial sector contributed $571 million to various campaigns during 2012 U.S. presidential elections
• In 2013, financial and insurance lobbies gave $550 million to policymakers in Washington and Brussels

ps: Before anyone blindly starts proselytizing about Bitoin, keep in mind the same pattern has/is emerging in crypto as well.
Less it be forgotten, the top 100 addresses own 20% (2,875,298 BTCs) of all BTCs mined thus far (13,736,250, as of block #339,450).

This is a very big problem indeed, but bitcoin won't resolve it at all.

but it may help in some way for sure, by spreading it in the right way, some poor people would have a better living, if they took the bitcoin train

Most people cant take the Bitcoin train because they dont have the money and resources to risk on it anyway. And to pick a good spot in the train to become rich, you need a lot of money to buy at least 100 coins.

Well I personally know people, who only started with the clothing on their backs and through hard work are millionaires today.

Money gives you the edge, but it's not the alpha and omega to becoming rich in Bitcoin or any other currency. I will respect you more, if you become successful, from starting with faucets.   

[neurotypical]

Make of this what you will.

• By 2016, the top 1% of the world’s population will have more wealth than the other 99%
• 80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)
• The poorest 80% own just 5.5% of the world's wealth
• The richest 80 doubled their worth in cash terms between 2009 and 2014
• More than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches
• Britain’s 100 richest had the same wealth as 30% of UK households
• The financial sector contributed $571 million to various campaigns during 2012 U.S. presidential elections
• In 2013, financial and insurance lobbies gave $550 million to policymakers in Washington and Brussels

ps: Before anyone blindly starts proselytizing about Bitoin, keep in mind the same pattern has/is emerging in crypto as well.
Less it be forgotten, the top 100 addresses own 20% (2,875,298 BTCs) of all BTCs mined thus far (13,736,250, as of block #339,450).

This is a very big problem indeed, but bitcoin won't resolve it at all.

but it may help in some way for sure, by spreading it in the right way, some poor people would have a better living, if they took the bitcoin train

Most people cant take the Bitcoin train because they dont have the money and resources to risk on it anyway. And to pick a good spot in the train to become rich, you need a lot of money to buy at least 100 coins.

Well I personally know people, who only started with the clothing on their backs and through hard work are millionaires today.

Money gives you the edge, but it's not the alpha and omega to becoming rich in Bitcoin or any other currency. I will respect you more, if you become successful, from starting with faucets.   

It's impossible to become rich from faucets unless you have tremendous amounts of luck. Yes LUCK. Because there isn't enough time to become a millonaire if you start from the bottom. To defeat that time/gains balance, you need luck. An insane investment like buying tons of cheap AUR and selling at the top at 0.1, or a lucky bet in a coin casino.

[zimmah]

Make of this what you will.

• By 2016, the top 1% of the world’s population will have more wealth than the other 99%
• 80 richest people on the planet have the same wealth as the poorest 50% (3.5 billion)
• The poorest 80% own just 5.5% of the world's wealth
• The richest 80 doubled their worth in cash terms between 2009 and 2014
• More than a third of the 1,645 billionaires listed by Forbes inherited some or all of their riches
• Britain’s 100 richest had the same wealth as 30% of UK households
• The financial sector contributed $571 million to various campaigns during 2012 U.S. presidential elections
• In 2013, financial and insurance lobbies gave $550 million to policymakers in Washington and Brussels

ps: Before anyone blindly starts proselytizing about Bitoin, keep in mind the same pattern has/is emerging in crypto as well.
Less it be forgotten, the top 100 addresses own 20% (2,875,298 BTCs) of all BTCs mined thus far (13,736,250, as of block #339,450).

This is a very big problem indeed, but bitcoin won't resolve it at all.

but it may help in some way for sure, by spreading it in the right way, some poor people would have a better living, if they took the bitcoin train

Most people cant take the Bitcoin train because they dont have the money and resources to risk on it anyway. And to pick a good spot in the train to become rich, you need a lot of money to buy at least 100 coins.

Bullshit, 21 million coins divided by 7 billion people means the average amount of bitcoins will be 3 millibitcoin (0.003 Bitcoin) anyone who can't afford 0.003 Bitcoin will be poorer than average (poorest 50%) anyone who has more will belong to the richest 50%. Having a full Bitcoin would make you like a millionaire today.

[Joe200]

Just wrote something on the distribution of bitcoins. Thought you guys might be interested. Posted it under Speculation, since that's where I usually post. Very interested in your comments. Thanks.

https://bitcointalk.org/index.php?topic=946938.0

[Joe200]

Bullshit, 21 million coins divided by 7 billion people means the average amount of bitcoins will be 3 millibitcoin (0.003 Bitcoin) anyone who can't afford 0.003 Bitcoin will be poorer than average (poorest 50%) anyone who has more will belong to the richest 50%. Having a full Bitcoin would make you like a millionaire today.

Not exactly. The average and the median are two different things. The median person (50th percentile) has less than the average number of coins. The average number of coins is skewed upwards by the very rich. See my post where I give the math (though I don't specifically discuss the median vs. average.)