85 Richest People In The World Have As Much Wealth As The 3.5 Billion Poorest

[ObscureBean]

The problem is not that individuals can accumulate wealth, The problem is when there is a crisis like 2009 and the system protects those at the top at the expense of those at the bottom, you create economic apartheid.

In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.

Bailing out the too big to fail with taxes of the middle and lower income earners, while the wealthiest pay virtually no taxes is indefensible.

While the contribution to an economy of those who create goods and services is a healthy attitude, they must not be put above their customers in a time of crisis.

clearly there are serious problems when the billions being pumped into the economy are being scooped up by the the wealthiest and is not trickling down, but simply inflating asset bubbles and impoverishing the middle and lower income groups this is a recipe for social disaster.

Centralising power to allocate resources is not healthy or sustainable, Natural or sustainable growth is a fractal process.

Impossible. The entire human universe relies on hierarchy of power for support. If you pull this primordial element from the equation, everything collapses. Power is like the operating system of the current world, you can tweak it to some extent but you can't remove it completely whilst keeping all your current applications (everything outside of nature that you see around you) intact.
 

While I agree, historically hierarchy was our only option, we trusted centralised authority to provide security and legitimacy. The dangers have always been that over concentrations of power lead to total corruption and that led to the demise of all previous empires. Today we have three significant advantages that will hopefully break this cycle of boom bust war.

Firstly We have mass global communication that so far remains unrestricted with almost every human being having access to a cell phone eaven in Africa, its is possible for any individual to communicate with any other human amongst the 7 billion of us. We can now share information independently of Hierarchy.

Secondly thanks to Satoshi we have the blockchain that will allow us to operate trustless distributed networks. This makes our historical reliance on centralise authority redundant.

Thirdly, through technology we are moving from paradigm of scarcity to one of surplus.

Granted these changes have happened in the space of one generation so adapting to the situation will take some time. My late grandmother was born when transportation was limited to animal drawn carts, she lived to see us put a man on the moon yet she refused to undress in front of the TV because the thought the people on tV could see her naked. Because something was always so does not mean we are not able to evolve past it.

Dogma remains or greatest enemy

It is most definitely possible to evolve past it. However humanity would need to start over with a clean slate, the current 'OS' would need to be purged completely from the world. This means that nothing of what has been achieved so far is salvageable.

What is stopping you from becoming the CEO of your own business right now and growing it to multi-million dollar status?

In a word? Conscience.

The funny thing about conscience though is that everybody arbitrarily draws the line somewhere, so it's kinda hard to get a sense of what it actually means. It's cool to be self-righteous but you gotta be careful not to overdo it lest you find yourself on the wrong side of humanity 

[CoinCidental]

satoshi - 1 million btc
Karpeles- 850,000 btc 
pirate  -  700,000 btc
ulbricht - 650,000 btc
winklevoss -210,000btc

btc is not exactly fair either in comparison when you count some of the wealth the major players have or had control off  in some cases
and these are just the ones we know about ,there could be whales out there with as much or more that just keep their info
off the radar

[userchart02]

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[funtotry]

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The forum doesn't support that html tag, just thought you should know

I think it makes sense that the 85 richest people own this much. They created the companies that all of us know and use every day, it only makes sense. I didn't really expect anything else...

[rexxarofmoknathal]

Without this ' 0.0000012% of the people in the world have as much wealth as 50% ' we wouldn't be here discussing about it. I understand this is a hard concept to grasp, the wider the gap between the extremely rich and the extremely poor, the faster humanity 'progresses'. It's literally potential energy, no pun intended.

This is bullshit in the 21century with automation taking over all the jobs. Most rich people just sit their asses and accumulate wealth. The "rich people are the best cuz they innovate and give jobs" is a myth.

What is stopping you from becoming the CEO of your own business right now and growing it to multi-million dollar status?

A couple things

Social conscious is one. I'm not willing to have foreign workers slave away in shit poor conditions so I can manufacture things for less. I'm not willing to support the bombing of other countries so I can get oil for cheaper. I'm not willing to take all of society to shit by abusing their trust.

Big businesses are an issue. They can easily drive down prices to take all your customers. They are protected, "too big too fail," they can do what they want. Unless a new company is completely innovative or has a product unlike any other, you are hard pressed to survive long, much less reach the heights of these companies. Besides, multimillion companies are pocket change for these big guys.

And social status is another. My family is just a normal middle class family, well off, but not by any means rich. I have a lot of respect for many rich people that made the classic rags to riches story, but the majority of the richest people come from wealthy, important families, so of course they can achieve that wealth more easily.

These people only make money to help themselves make more money. Imagine how different the world would be if they only gave half a shit about the rest of society.

[(oYo)]

What is stopping you from becoming the CEO of your own business right now and growing it to multi-million dollar status?

In a word? Conscience.

The funny thing about conscience though is that everybody arbitrarily draws the line somewhere, so it's kinda hard to get a sense of what it actually means. It's cool to be self-righteous but you gotta be careful not to overdo it lest you find yourself on the wrong side of humanity 

I'm not self-righteous, just half decent, and I don't think I'm on the wrong side, but I'm definitely on the losing side. I had a business and know enough that hard work doesn't get you very far. You really need to have a kind of predatory sense and be willing to take more than your fair share to become truly successful.

Without this ' 0.0000012% of the people in the world have as much wealth as 50% ' we wouldn't be here discussing about it. I understand this is a hard concept to grasp, the wider the gap between the extremely rich and the extremely poor, the faster humanity 'progresses'. It's literally potential energy, no pun intended.

This is bullshit in the 21century with automation taking over all the jobs. Most rich people just sit their asses and accumulate wealth. The "rich people are the best cuz they innovate and give jobs" is a myth.

What is stopping you from becoming the CEO of your own business right now and growing it to multi-million dollar status?

A couple things

Social conscious is one. I'm not willing to have foreign workers slave away in shit poor conditions so I can manufacture things for less. I'm not willing to support the bombing of other countries so I can get oil for cheaper. I'm not willing to take all of society to shit by abusing their trust.

Big businesses are an issue. They can easily drive down prices to take all your customers. They are protected, "too big too fail," they can do what they want. Unless a new company is completely innovative or has a product unlike any other, you are hard pressed to survive long, much less reach the heights of these companies. Besides, multimillion companies are pocket change for these big guys.

And social status is another. My family is just a normal middle class family, well off, but not by any means rich. I have a lot of respect for many rich people that made the classic rags to riches story, but the majority of the richest people come from wealthy, important families, so of course they can achieve that wealth more easily.

These people only make money to help themselves make more money. Imagine how different the world would be if they only gave half a shit about the rest of society.

Well said.

I'd just like to clarify that "giving half a shit" about people does not mean cheating and/or killing them for profits, then giving back some percentage of your spoils to whitewash your devious deeds in the name of philanthropy.

[desired_username]

No worse than Bitcoin's distribution.

Bitcoin is an infant, open source project, comparing it to the wealth distribution of the USD is idiotic.

When it started, only a handful of people had any BTC, today there are approximately 1-2M users and growing.

If you really want to compare, then consider the damage QE (and central manipulation causes), and the numerous other flaws of the fiat system. In contrast, bitcoin is transparent, non-discriminatory and voluntary.

[sukamasoto]

As the World Economic Forum begins in Davos, Switzerland, Oxfam International has released a new report called, “Working for the Few,” that contains some startling statistics on what it calls the “growing tide of inequality.”

According to the  United Nations, however, estimated that the world population reached seven billion in October 2011 Using that figure 0.0000012% of the people in the world have as much wealth as 50%

http://www.forbes.com/sites/laurashin/2014/01/23/the-85-richest-people-in-the-world-have-as-much-wealth-as-the-3-5-billion-poorest/

That peoples will conqueor the world.
I think if that billionaire buy a ton of bitcoin, I'm sure it will deeply affect on the price

[rexxarofmoknathal]

As the World Economic Forum begins in Davos, Switzerland, Oxfam International has released a new report called, “Working for the Few,” that contains some startling statistics on what it calls the “growing tide of inequality.”

According to the  United Nations, however, estimated that the world population reached seven billion in October 2011 Using that figure 0.0000012% of the people in the world have as much wealth as 50%

http://www.forbes.com/sites/laurashin/2014/01/23/the-85-richest-people-in-the-world-have-as-much-wealth-as-the-3-5-billion-poorest/

That peoples will conqueor the world.
I think if that billionaire buy a ton of bitcoin, I'm sure it will deeply affect on the price

They already have conquered it. They run everything, many people just haven't realized it

[pattu1]

satoshi - 1 million btc
Karpeles- 850,000 btc 
pirate  -  700,000 btc
ulbricht - 650,000 btc
winklevoss -210,000btc

btc is not exactly fair either in comparison when you count some of the wealth the major players have or had control off  in some cases
and these are just the ones we know about ,there could be whales out there with as much or more that just keep their info
off the radar

This is just one asset class.
If Bill Gates decides to convert a portion of his wealth into bitcoins, he would be up there as well.
You just have to look at distribution of wealth, not distribution of an asset class.

[CoinCidental]

satoshi - 1 million btc
Karpeles- 850,000 btc 
pirate  -  700,000 btc
ulbricht - 650,000 btc
winklevoss -210,000btc

btc is not exactly fair either in comparison when you count some of the wealth the major players have or had control off  in some cases
and these are just the ones we know about ,there could be whales out there with as much or more that just keep their info
off the radar

This is just one asset class.
If Bill Gates decides to convert a portion of his wealth into bitcoins, he would be up there as well.
You just have to look at distribution of wealth, not distribution of an asset class.

people say fiat wealth is unevenly distributed ,btc wealth is also very unevenly distributed
whats your point ?

[Neotox]

this gap will keep increasing with time, The rich get richer and the poor get poorer
may be we will see some day that 90% of world's total wealth belong to few hundred peoples

[grendel25]

World population is expected to cap at around 11-13 Billion and then recede back to betwen 8-10 billion. Awareness of economic distributions will be much more apparent as this happens. 

[CoinCidental]

World population is expected to cap at around 11-13 Billion and then recede back to betwen 8-10 billion. Awareness of economic distributions will be much more apparent as this happens. 

What's the time frame for a world with 13 billion people?
Not in our lifetime I would imagine...

[rosh]

World population is expected to cap at around 11-13 Billion and then recede back to betwen 8-10 billion. Awareness of economic distributions will be much more apparent as this happens. 

Population growth is anyway expected to be higher in developing countries. So imbalance in economic distribution will increase before it gets better.

[coinmaster222]

this gap will keep increasing with time, The rich get richer and the poor get poorer
may be we will see some day that 90% of world's total wealth belong to few hundred peoples

Just make sure your one of the few hundred

[Agestorzrxx]

First off. Wealth is not money. Again. Wealth is not... money. Wealth is things produced by other people that make us feel better off. It is therefore limitless. Enjoying someone singing is wealth. Someone else digging a hole then filling it in is not wealth. It might be a job creation scheme but it is not wealth. Therefore it is physically impossible for 1% of the population to actually have half of all the worlds produced wealth, or half of everything being created. However, it is possible for 1% of the population to be in someway responsible for producing half the worlds wealth and this could be partly why half of all the money or IOU's in the world, has ended up with them. Which means the other 99% of us should maybe be grateful to and encourage the 1% because without them we might all be half as well off.

[rexxarofmoknathal]

First off. Wealth is not money. Again. Wealth is not... money. Wealth is things produced by other people that make us feel better off. It is therefore limitless. Enjoying someone singing is wealth. Someone else digging a hole then filling it in is not wealth. It might be a job creation scheme but it is not wealth. Therefore it is physically impossible for 1% of the population to actually have half of all the worlds produced wealth, or half of everything being created. However, it is possible for 1% of the population to be in someway responsible for producing half the worlds wealth and this could be partly why half of all the money or IOU's in the world, has ended up with them. Which means the other 99% of us should maybe be grateful to and encourage the 1% because without them we might all be half as well off.

Wealth is money. It's "an abundance of valuable resources, possessions, or money." Don't be metaphorical and poetic; if I'm poor and homeless, I can't listen to someone sing and suddenly afford food and a house because I'm now wealthy. Wealth is very limited. That's why if these people control all of it, it leaves nothing for the rest of society.

And yes, I am so extremely grateful for the 1% and their money laundering, tax evasion, fraud, neglect of social responsibility, impoverishing of society, desire to cut social programs, and overall self righteousness   

[CoinCidental]

First off. Wealth is not money. Again. Wealth is not... money. Wealth is things produced by other people that make us feel better off. It is therefore limitless. Enjoying someone singing is wealth. Someone else digging a hole then filling it in is not wealth. It might be a job creation scheme but it is not wealth. Therefore it is physically impossible for 1% of the population to actually have half of all the worlds produced wealth, or half of everything being created. However, it is possible for 1% of the population to be in someway responsible for producing half the worlds wealth and this could be partly why half of all the money or IOU's in the world, has ended up with them. Which means the other 99% of us should maybe be grateful to and encourage the 1% because without them we might all be half as well off.

And yes, I am so extremely grateful for the 1% and their money laundering, tax evasion, fraud, neglect of social responsibility, impoverishing of society, desire to cut social programs, and overall self righteousness   

Youre Welcome 

[avw1982]

satoshi - 1 million btc
Karpeles- 850,000 btc 
pirate  -  700,000 btc
ulbricht - 650,000 btc
winklevoss -210,000btc

btc is not exactly fair either in comparison when you count some of the wealth the major players have or had control off  in some cases
and these are just the ones we know about ,there could be whales out there with as much or more that just keep their info
off the radar

Wow does the Winklevoss got that much.  Now I understand why the want to regulate BTC.