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World´s richest 85 people have as
much as bottom half the population

McClatchy Foreign, by Matthew Schofield

Original Article

Posted By:NYC RAL, 1/20/2014 1:22:33 PM

The world’s richest 85 people control the same amount of wealth as the total held by half the world’s population, according to a report issued today by the British-based anti-poverty charity Oxfam. The means the world’s poorest 3,550,000,000 (3.55 billion) people must live on what the richest 85 possess. Another way to look at it: Each of the wealthiest 85 Earthlings has access to the resources available to about 42 million of the world’s poor, a population equal to the total number of people living in Canada, with those all those from Kentucky and Kansas tossed in.

Comments:
Income Equality? How does this fit into the definition? 85 pairs of hands, feet, legs and arms to carry all that money. True riches are... Micah 6:8 You have been told, O mortal, what is good, and what the LORD requires of you: Only to do justice and to love goodness, and to walk humbly with your God.

      


Post Reply  

Reply 1 - Posted by: Dante, 1/20/2014 1:26:59 PM     (No. 9698961)

Guess what, Oxfam, socialism only makes the problem worse.

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Reply 2 - Posted by: Redneck In NY, 1/20/2014 1:34:29 PM     (No. 9698973)

The talking points have been distributed. This is all the media will bray about until Team O gets a bill shoved thru giving the LoFo´s even more of our money.

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R-VAR_AD


 
Reply 3 - Posted by: TarAndFeathers, 1/20/2014 1:40:09 PM     (No. 9698983)

Seems to me that the bottom half of the population should get to work (if the Marxists will let them).

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Reply 4 - Posted by: mackrand, 1/20/2014 1:54:15 PM     (No. 9698997)

If you look at it another way, you will never get rich counting your neighbors money.

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Reply 5 - Posted by: TunnelRat, 1/20/2014 1:59:41 PM     (No. 9699004)

The solution is simple enough:
1) Identify who holds the wealth.
2) Kill them and confiscate their property.
3) Distribute the proceeds equally.

This has been done with varying degrees of success in Russia and the Eastern Bloc nations, China, North Korea, Viet Nam, Cuba, and elsewhere.

Do not be deceived by Marxist propaganda. It only leads to destruction.

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Reply 6 - Posted by: obviousity, 1/20/2014 2:00:11 PM     (No. 9699006)

FTA: what the richest 85 possess

Images of 85 Scrooge McDucks bathing in coins and legal tender swirling in Oxfamian heads.

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Reply 7 - Posted by: Digger, 1/20/2014 2:00:27 PM     (No. 9699007)

No person is poor because someone else is rich. Wealth is not a zero-sum game.

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Reply 8 - Posted by: SteelTurman, 1/20/2014 2:03:01 PM     (No. 9699010)

Confiscate all the wealth of those rich people and give it all to the poor ...

... and it will all revert back the wealthy in a decade.

In Darwinian terms - that it has to be.

Equilibrium or extinction.

Live with it.

Or perish ...



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Reply 9 - Posted by: clw54, 1/20/2014 2:12:05 PM     (No. 9699018)

World´s richest 85 people have as much as bottom half the population? Best argument against wealth redistribution I´ve ever seen. If you confiscate all of it and give it to bottom half, they still won´t have much and the top 85 won´t have anything. It´s a one time deal that won´t accomplish a thing.

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Reply 10 - Posted by: john56, 1/20/2014 2:12:12 PM     (No. 9699020)

And all 85 are Liberal Democrats.

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Reply 11 - Posted by: TexasAllTheWay, 1/20/2014 2:20:55 PM     (No. 9699031)

I wonder what the total is in charities these 85 people donate to; guess the author forgot about that...

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Reply 12 - Posted by: IfUAskMe, 1/20/2014 2:32:32 PM     (No. 9699039)

How many of the Poor live under systems that DENY them the opportunity to accumulate wealth?

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Reply 13 - Posted by: Garage Logician, 1/20/2014 2:39:13 PM     (No. 9699052)

And I would not be surprised to learn those 85 people pay more taxes than the bottom 50%.

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Reply 14 - Posted by: flatwater, 1/20/2014 2:39:59 PM     (No. 9699053)

Wow. The Kneepad Press have finally dropped the mask. They´re now openly promoting Communism, the most murderous ideology in history. 120,000,000 innocent people were murdered last century in the name of Communism/Socialism. Will our media or our schools ever tell anyone the truth about the politics of Hatred, Fear and Envy? Of course not. They´re too busy promoting it.

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Reply 15 - Posted by: TLCary, 1/20/2014 2:44:59 PM     (No. 9699068)

Of course it depends on how you measure wealth.
Since life has no intrinsic value to these people...


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Reply 16 - Posted by: GOPinTN, 1/20/2014 3:01:42 PM     (No. 9699098)

It never gets old ...

“Property is the fruit of labor… Property is desirable [and] is a positive good in the world. That some should be rich shows that others may become rich, and, hence, is just encouragement to industry and enterprise. Let not him who is houseless pull down the house of another, but let him labor diligently and build one for himself, thus by example assuring that his own shall be safe from violence when built.” ~~ Abraham Lincoln

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Reply 17 - Posted by: OhMy, 1/20/2014 3:08:44 PM     (No. 9699107)

We on this forum know that the result of this will be greater burdens on the middle class none of them among the 85 to supply funds for the top 85 to grab while the bottom 50% are looked after well enough that they remain dependent. The super rich do not earn it any more than the lofo welfare bums! They rob others on a much grander scale by putting themselves in the position to privately create currency. The first part of the constitution to be shredded was Article 1 Sec 8 Powers of Congress: - To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures; The Federal Reserve is a private institution despite the name. It´s rate on money is essentially zero for the last few years but it has not always been. When this clause was shredded it was inevitable the the rest would be as well. This Oxfam article and others like it never point at the biggest scam of all - the banking scam.

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Reply 18 - Posted by: mean Gene, 1/20/2014 3:12:44 PM     (No. 9699109)

If you have ONE PENNY of net worth you are ´´richer´´ than one quarter of Americans!
Fully 1/4th of all American households have ZERO net worth!
So, naturally, the WalMart owners, the Waltons, are ´´richer´´ than 40% of American households.
I´m sure the numbers are similar in the UK.


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Reply 19 - Posted by: EQKimball, 1/20/2014 3:26:05 PM     (No. 9699121)

When our children graduated from prestigious graduate and professional schools, because of student loans and little savings, they each had a large negative net worth. Statistically, therefore, they were among the "have nots." Their father started off the same way, with a paper degree and a car that was less worth than the remaining payments. Oh, plus two pair of nice slacks and a blazer. No one should spend a moment worrying about any of us.

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Reply 20 - Posted by: KTWO, 1/20/2014 3:29:33 PM     (No. 9699130)

This is a problem only because it fuels both the politics of influence and the politics of envy. Too much of either is bad.

The cause? Once a person has many millions the wealth will just keep accumulating. Only political upheaval or a decision not to diversify is likely to bring a setback.

A comment on statistics and media:

That ´bottom half´ is mostly children who have zero ownership of anything. Thus I probably own as much as the billion at the very bottom.



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Reply 21 - Posted by: chance_232, 1/20/2014 3:38:11 PM     (No. 9699141)

Redistribution is theft.

Spreading the wealth is theft.

Forcing someone to pay "their fair share" is theft.

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Reply 22 - Posted by: whyyeseyec, 1/20/2014 3:50:05 PM     (No. 9699158)

Capitalism = Freedom and Prosperity

Communism = Poverty and Despair

Learn it or live it...

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Reply 23 - Posted by: marthaville, 1/20/2014 3:59:36 PM     (No. 9699173)

As one writer pointed out, if you have a net worth of $0.01, you have a greater net worth than 25% of Americans.

I suppose the McClatchy writer thinks everyone, other than the 85, should just give up and quit working. There is no hope. The rich today will be the rich tomorrow and forever. Even Barack Obama has collected more than $16 million from his books. I want my part.

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Reply 24 - Posted by: robertj984, 1/20/2014 4:00:52 PM     (No. 9699176)

If they know its 85 people, then list their names... It would be interesting to just see how many are liberal, socialists

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Reply 25 - Posted by: oh-heck, 1/20/2014 4:47:53 PM     (No. 9699233)

I actually did a search to check out the list of the top 100. It is an interesting mix of entrepreneurs (Bill Gates), merchants (Sam Walton), investment specialists (Warren Buffet), hedge fund operators (George Soros), etc. One interesting character near the top was Harold Hamm who was one of those oilmen that believed that oil could be liberated from the shale of North Dakota. With the exception of Soros who has made money betting on the collapse of currencies he may have precipitated, the wealth they had was created by offering a valuable product at a price the market was willing to pay.

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Reply 26 - Posted by: faith_and_reason, 1/20/2014 5:02:38 PM     (No. 9699247)

I´m picturing a typical billionaire.

If he sits on his money, living in a flophouse, eating food from his own garden, he seems "poor" by choice. Then the wealth he rightfully owns is managed well or poorly.

If managed well, then he blesses everyone he deals with. If poorly, it is quickly transferred to others. So every penny spent is a benefit to others.

Every penny NOT spent is an increase in the value of money that is in circulation. He is not bidding up the price of ANYTHING is he is not spending. So every penny NOT spent, every economic vote he COULD have cast, but didn´t, is - once more - a blessing to the community.

At no point does his wealth become anything other than a blessing, or at least harmless, to his community!

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Reply 27 - Posted by: Magic8Ball, 1/20/2014 5:26:44 PM     (No. 9699266)

Eat the rich

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Reply 28 - Posted by: JediJerry, 1/20/2014 5:34:23 PM     (No. 9699278)

Sooooooo????? Guess what, the bottom half of Earthling´s has just as much opportunity to work as hard as they can to join the other half.

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Reply 29 - Posted by: Sandbar, 1/20/2014 5:41:40 PM     (No. 9699283)

This equation leaves out all those in the top half except the 85. Others have pointed out it also ignores age. If we have a positive net worth we easily fit in the top half worldwide but are ignored to create the politics of envy.
Pure drivel!!

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Reply 30 - Posted by: franq, 1/20/2014 5:45:06 PM     (No. 9699290)

Yawn. Scratch. Workers of the world, unite!

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Reply 31 - Posted by: eoddad, 1/20/2014 6:46:19 PM     (No. 9699342)

and their all going to die and they can´t take it with them We should thank them for buying luxury items that we little people get paid to make.

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Reply 32 - Posted by: Objectivity, 1/20/2014 7:58:54 PM     (No. 9699391)

so ridiculous ...

after they get everyone excited about a piece of nonsense...they (Oxfam) corrects the story ...it is no where near the headline

And Lucianne.........stop with the ridiculous streaming advertisements .....in your greed you are losing whatever audience you once rightly proudly claimed.

I am sure this post will last .....(x) seconds

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Reply 33 - Posted by: ColonialAmerican1623, 1/20/2014 8:02:43 PM     (No. 9699394)

Is income equality the latest buzz word or another diversion ?

With this kind of talk, shouldn´t Sorryos split his wealth with the rest of US ?

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Reply 34 - Posted by: Charactercounts, 1/20/2014 10:48:28 PM     (No. 9699479)

If it was all taken away from them, it wouldn´t be long before some other 85 people have half the wealth. That´s the way it works.

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Reply 35 - Posted by: Japanorama, 1/21/2014 12:46:00 AM     (No. 9699533)

Those 85 people have invested their money in thousands of companies employing millions of people.
This is simply another hate-the-wealthy screed.

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foot-washing ritual

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San Francisco Chronicle, by Staff    Original Article
Posted By: Harlowe- 4/18/2014 11:46:54 AM     Post Reply
To "honor the dignity and work of immigrants," Democratic House Minority Leader Nancy Pelosi helps Bishop Marc Andrus wash the feet of two children Thursday at Saint John the Evangelist Episcopal Church in San Francisco. Pelosi also used the occasion to talk about passing HR15 - bipartisan immigration legislation that her office says would "reduce the deficit by nearly $1 trillion, secure our borders, unite our families, protect our workers and provide an earned pathway to citizenship." The Democratic leader´s ceremony coincides with Pope Francis´ similar ceremony in Rome to mark Holy Week.

Deadbeat on the Range
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New York Times, by Timothy Eagan    Original Article
Posted By: Pluperfect- 4/18/2014 3:52:52 PM     Post Reply
Imagine a vendor on the National Mall, selling burgers and dogs, who hasn’t paid his rent in 20 years. He refuses to recognize his landlord, the National Park Service, as a legitimate authority. Every court has ruled against him, and fines have piled up. What’s more, the effluents from his food cart are having a detrimental effect on the spring grass in the capital. Would an armed posse come to his defense, aiming their guns at the park police? Would the lawbreaker get prime airtime on Fox News, breathless updates in the Drudge Report, a sympathetic ear from Tea Party Republicans?

Illinois Dems to offer $100 million in
taxpayer money to lure Obama library site

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Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/18/2014 9:15:50 AM     Post Reply
First, the good news: We are close enough to the end of the Obama presidency for his crowd to talk about a presidential library. Now, the bad news: Obama´s retirement is still 1,008 days distant. Plenty of time though to round up the dough to build it somewhere. Figure they need Solyndra-style money, at least $500 million. The last two presidents – Bill Clinton and George W. Bush -- built their legacy edifices totally with private money. [Snip] However, Obama supporters have a different take. They think taxpayers should put up $100 million in public money for Obama´s library.

Every Media Outlet: Hillary
Grandkid the Most Consequential
Baby Since Jesus

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Mediaite, by Tina Nguyen    Original Article
Posted By: JoniTx- 4/18/2014 10:34:40 AM     Post Reply
Less than 16 hours after Chelsea Clinton announced she was pregnant, a lot of major news outlets started staring into the crystal ball of Chelsea’s womb, wondering what this currently floating zygotic multicellular being meant for the prospects of Hillary Clinton’s 2016 campaign, which is also a floating, zygotic, multicellular being. Their answer: The immaculately conceived Clinton child could mean everything. And no, it’s not just the fact that having a grandchild could be personally fulfilling to Hillary and Bill (mazel tov, by the way), or that a cute baby would be a sweet cherry on top of Hillary’s already


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