World's richest 85 people = same wealth as 3.5 billion of poorest

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  • World's richest 85 people = same wealth as 3.5 billion of poorest
  • Premier Icon teamhurtmore
    Subscriber

    No not at all.

    deadlydarcy
    Member

    No not at all.

    Numbers and dates please.

    Premier Icon teamhurtmore
    Subscriber

    For what?

    deadlydarcy
    Member

    For what?

    Your claim.

    Premier Icon teamhurtmore
    Subscriber

    Give me an example of a social democratic country in Europe or one that is considered relatively equitable.

    sbob
    Member

    The vast majority of us would rather see a fairer distribution of wealth. So how come we don’t have one?

    I earn a fraction of the average wage.
    Many posters here earn more than the average wage.
    Are any of them willing to hand me some wealth?
    No, because they are rotten hypocrits.

    All the people that call for a redistribution of wealth are calling for a redistribution of other people’s wealth. ❓

    All the people that call for a redistribution of wealth are calling for a redistribution of other people’s wealth.

    In much the same way that the banks now holding the wealth redistributed other peoples wealth and caused financial meltdown…

    or the way the Eton Chums Government redistributed the wealth invested in Royal Mail (on the crooked banking advice of Chums)

    Or the Royal’s and MPs recent pay rises

    If the banks have been bailed out with public money and the debate is still ongoing as to whether there should be a cap on Million pound bonuses on Million pound Salaries, is it not reasonable to chime in with a modicum of discontent m’lord?

    sbob
    Member

    is it not reasonable to chime in with a modicum of discontent m’lord?

    Depends, how much do you earn?

    grum
    Member

    Give me an example of a social democratic country in Europe or one that is considered relatively equitable.

    Yes sir.

    Premier Icon teamhurtmore
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    JHJ – which quintile of the UK population have seen the biggest increase in incomes and which the worst since the crisis?

    Depends, how much do you earn?

    Gazillions, thanks to savvy investments in Rio Tinto Uranium Mines, Lockheed Martin, General Electric, Monsanto and Goldman Sachs to name but a few… trends indicate the most lucrative element is the weapons trade with Israel, especially as the currency used is often blood diamonds.

    JHJ – which quintile of the UK population have seen the biggest increase in incomes and which the worst since the crisis?

    Is that Quintile, or Quentin… and furthermore, reported by whom?

    Premier Icon teamhurtmore
    Subscriber

    You are a savvy investor with good market timing given that Goldman is till below the levels seen in 2009!! Better than most fund managers, for sure.

    Quintile as in fifth? Let’s try an independent statistical office in the UK.

    Given that the origins of this topic are regarding a ratio far beyond fifths, lets take this snippet from a report matching your criteria:

    However, extremely high pay, such as that earned by Chief Executives of FTSE 100 companies, is still increasing rapidly. In 2010, FTSE 100 Chief Executive pay rose by 49% on average(The High Pay Commission, 2012), even while the economy is still in recession

    I trust you have ample sources to make a sneering mockery of my figures?

    deadlydarcy
    Member

    Give me an example of a social democratic country in Europe or one that is considered relatively equitable.

    Well I wasn’t the right wing cheerleader coming in jiggling my bits around the thread waving straw men instead of pom poms. I notice you’re now talking about “social democratic” countries. Which are what all western and Northern European countries have been for quite a few decades. Which wasn’t what you mentioned in your first post. So show me your figures, dates and to which countries they pertain.

    Btw, the thread was about world inequality. As such it’s all a bit pie in the sky as we know it’s not going to get solved anytime soon, so why now steer the discussion onto European social democracies?

    Premier Icon teamhurtmore
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    The Torygraph was reporting today that the Halo Trust paid for its CEO’s four kids to be privately educated. Try find that in the accounts!!!!

    Premier Icon teamhurtmore
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    Nothing to do with cheerleading – I will leave that to those who try to suggest that rising income inequality is driven by economic model or politics. It isn’t.

    FWIW, since 2000 the fastest increase in income inequality in the OECD has been in the Nordics (and Germany). You can guess the source.

    Plus there is nothing new about income inequality.

    Try

    It’s fun! He is a specialist on the topic and a witty writer.

    Premier Icon teamhurtmore
    Subscriber

    JHJ, well you seem to be suggesting that in the UK since the crisis that the rich have got richer and the poorer have got poorer. Just checking if that is what you mean?

    deadlydarcy
    Member

    Plus there is nothing new about income inequality.

    Who said there was? Does that make it a good thing?

    Why has income inequality increased in the Nordic countries? What are they doing wrong?

    grum
    Member

    FWIW, since 2000 the fastest increase in income inequality in the OECD has been in the Nordics

    Which have generally speaking moved to the right and pursued less wealth-redistributing policies at around the same time. But of course these things couldn’t possibly be related. πŸ˜•

    deadlydarcy
    Member

    rich have got richer and the poorer have got poorer.

    Before he answers perhaps you should clarify what parameters you’re using to measure wealth and poverty. One assumes you have a statistic lined up for a “yes” answer.

    sbob
    Member

    Still waiting for a STWer to help balance the inequality of wealth by giving me a bike… πŸ˜•

    deadlydarcy
    Member

    Still waiting for a STWer to help balance the inequality of wealth by giving me a bike…

    You were here begging for one before weren’t you? I wonder why no one wanted to give you one.

    JHJ, well you seem to be suggesting that in the UK since the crisis that the rich have got richer and the poorer have got poorer. Just checking if that is what you mean?

    My main suggestion is essentially down to the concept that there are some very bad and deceptive people in this world, who pretend to be good, yet shit on the rest of us, that we may do their dirty work and the stinking lumps they deposit from their battyholes for us to clean up have been becoming more putrid and frequent of late…

    Imagine a composite of something like this:

    with something like this:


    and include the words ‘Whore of Babylon’

    Premier Icon teamhurtmore
    Subscriber

    Oh I see.

    deadlydarcy – Member
    Btw, the thread was about world inequality.

    Cheers deadly, I had clearly forgotten that in my first post.

    teamhurtmore – Member
    Since 2008, levels of global inequality between nations rather than iside them has also decreased for the first time since the mid 19C…

    Are China, Russia and Brazil also not global enough for you? Tut, tut, I will try harder next time. Apologies.

    deadlydarcy
    Member

    I will try harder next time.

    You could by showing some figures to back up your claims when asked. Rather than just asking a question back. Also, why are Nordic countries’ levels of inequality rising?

    Apologies.

    No need. Just try harder. That will show your contrition.

    sbob
    Member

    deadlydarcy – Member

    You were here begging for one before weren’t you?

    Not begging, merely offering an opportunity to redistribute wealth.

    I wonder why no one wanted to give you one.

    Because people who call for a redistribution of wealth are either those that would benefit, or utter **** hypocrites.

    Feel free to prove me wrong… πŸ˜‰

    Premier Icon teamhurtmore
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    xxx

    Sleep well

    (P.S. Was happy to until grum’s silliness. Couldn’t be bothered after that.)

    deadlydarcy
    Member

    Feel free to prove me wrong…

    I’m not that particularly bothered Spongey. You only appear here every so often, usually to have a go at people…maybe that’s why nobody wants to give you a bike. I’ve seen lots of examples here of more deserving cases getting offered free parts for a bike build either for themselves, a less well off friend or charity. I wouldn’t hold my breath if I were you though.

    Not begging, merely offering an opportunity to redistribute wealth.

    Isn’t that what beggars are doing though? So, yeah, you’re begging. Again. And I suspect nobody will offer you a bike this time either. You never know though…beggars wouldn’t persist unless there was some chance of success I suppose.

    jonah tonto
    Member

    this is an interesting ted talk on wealth inequality, trickle down economics, taxing the rich etc. not from a guy in a homemade hair shirt but a venture capatalist who sold a business for a few billion dollars. worth 5 mins of your time i think

    deadlydarcy
    Member

    Sleep well

    (P.S. Was happy too until grum’s silliness. Couldn’t be bothered after that.)

    Don’t take it all too seriously thm. You dole it out when you want to. You have to take some back every so often too from time to time. At least JY is either at work or bed so your shins are safe this evening.

    Premier Icon teamhurtmore
    Subscriber

    I don’t. It makes me laugh.

    xxx

    sbob
    Member

    I’m not that particularly bothered Spongey.

    Ho ho! You’ve addressed me by a name that isn’t mine!
    Well done, have a biscuit.

    You only appear here every so often, usually to have a go at people…

    I read the forum all the time, I don’t post much but have a low tolerance for bullshitters.

    maybe that’s why nobody wants to give you a bike.

    I’ve already underlined the reason for that.

    Isn’t that what beggars are doing though? So, yeah, you’re begging.

    Beggars have an expectation, I don’t. If I thought that any of the rather comfortably well off posters here would entertain the idea of giving me a bike I would not have suggested it.

    And despite not pretending to be a socialist, I’ve given approx a third of my last years wages to people less fortunate than myself.

    That’s enough about me though, let’s talk about you.
    So are you one that would benefit, one of the hypocrites, or one of the mythical other…? πŸ™‚

    grum
    Member

    What was my silliness? πŸ˜•

    deadlydarcy
    Member

    If I thought

    would

    I would not have suggested it

    So an entirely useless unhelpful post. Staying true to form.

    I’ve given approx a third of my last years wages to people less fortunate than myself.

    We have only your word* for that. Can you back it up with figures? A graph? Spreadsheet? πŸ™‚

    *e.g. I don’t believe you.

    grum
    Member

    I think there are rather more deserving causes than getting you a new bike sbob.

    Junkyard
    Member

    At least JY is either at work or bed so your shins are safe this evening.

    Surely someone else has disagreed with him and he has got annoyed and called them silly or impertinent or some such gentle ad hom whilst insisting they are calling him names/being disrespectful to him?

    Some recent threads have reminded me of the global importance of a solution to this scourge we are facing… look at the long game; if FTSE company directors, MPs and Royalty continue getting pay rises and this trend is a global phenomenon amongst the elite, whilst the economy remains dormant due to the necessity of minimal interest rates to avoid debt collapse, where will we be in 10, 15, 20 years? How about our Grandkids in 50 years?

    This affects everyone…

    peterfile
    Member

    And despite not pretending to be a socialist, I’ve given approx a third of my last years wages to people less fortunate than myself.

    You do know that income tax doesn’t get spent solely on benefits? πŸ˜€

    Premier Icon teamhurtmore
    Subscriber

    Kerching. “Triple word score.”

    Does that make it a good thing?

    No, DD, of course addressing income inequality is important, critically so. That is why it is important to identifying the correct causes, so that you can implement the correct solutions. Labelling the cause as simply a particular economic model is inaccurate and unhelpful.

    deadlydarcy
    Member

    When you say “particular economic model”, do you mean the various versions of “free”-market capitalism with varying degrees of state intervention? (Genuine question…not trying to wind you up). Is or has there been a model that has led to less inequality within that system alone?

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