World's 85 richest have same wealth as 3.5 BILLION poorest

Discussion in 'Wall St. News' started by nitro, Jan 21, 2014.

Is this obscene?

  1. Yes. I have no problem with people with lots of money. I do have a problem with such inequity

    20 vote(s)
    42.6%
  2. No. I am in love with Ayn Rand

    11 vote(s)
    23.4%
  3. I don't know.

    3 vote(s)
    6.4%
  4. I don't care.

    13 vote(s)
    27.7%
  1. In fact the dices are pipped in western countries :
    most people are not taught how to get rich, so those who are
    taught , explained, showed have a zero competition - or at least very reduced competition.

    The best thing the US could do is to finance and expand "elite" primary. secondary and universities. I am not talking about increasing finances
    of the failing schools as the majority of US schools are.
    Increase 100 folds the competition, by significantly increasing the number of very well educated people.
     
    #21     Jan 22, 2014
  2. A real man doesn't ignore his problems; he deals with them. You're so full of shit. Keep living in your ignorant wasteland that is your mind.
     
    #22     Jan 22, 2014
  3. d08

    d08

    Those 3.5 billion enable the 85 to have those lifestyles.

    I support very high inheritance taxes. There's absolutely no reason for kids of the superwealthy to be born into billions and have no idea how to build something from scratch. Say a 40-50% tax on all assets. Enforcing it is completely different issue.
    The government is extremely poor at making wise investment decisions but you have to admit that they're the perfect lavish spenders of (other people's) money.
     
    #23     Jan 22, 2014
  4. its a disease wealth becomes a drug. In fact wealth become the thing to get because its the only thing you cant buy. and if you take something away from an addict, they will play the victim card.

    the wealthy evade more taxes than the poor.
     
    #24     Jan 22, 2014
  5. Disagree, Comrade.

    Most of the 3.5 Billion are here because their parents didn't practice birth control an are unable to financially support their spawn.

    High inheritance taxes are nothing but the theft of personal property.

    You'll be on my ignore list as soon as the function is restored.
     
    #25     Jan 22, 2014
  6. You'll be on my ignore list as soon as the function is restored.
     
    #26     Jan 22, 2014
  7. You'll be on my ignore list as soon as the function is restored.
     
    #27     Jan 22, 2014
  8. You'll be on my ignore list as soon as the function is restored.
     
    #28     Jan 22, 2014
  9. High schools and colleges don't even teach basic personal finance. What could be more important? Such courses should be mandatory to graduate.

    Unfortunately, the government and business have a vested interest in the population remaining financially ignorant.

    :(
     
    #29     Jan 22, 2014
  10. taipan77

    taipan77

    Correct in that business has a vested interest in people being financially ignorant. The govt gives people money and instead of trying to do something good with money, they spend it which keeps the economy going. The govt is borrowing our future earning so they can give it to corporations now. Guess who gets to pay that borrowing in the future? Not the elite, they will move to another tax friendly country before that happens.
    :cool:
     
    #30     Jan 22, 2014