World's 85 richest earn more than 3.5 billion poorest: UN

[ScienceRocks]

World's 85 richest earn more than 3.5 billion poorest: UN
World's 85 richest earn more than 3.5 billion poorest: UN - Business - CBC News

The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day.

The UN’s annual Human Development Report notes that overall poverty is declining throughout the world, but says worsening inequality risks reversing the trend to improvements in life span and income.

Canada placed No. 8 on the UN Human Development Index, a measure based on education, income, health and other measures of human well-being. It is among the group of nations considered to have very human development, with Norway at the top of the list.

That is better than last year, when Canada placed 11th, after making the top of the list in the 1990s.

Among the nations considered to have very poor human development are Niger, Congo, Mali, Haiti and Nepal.

Nearly one-third of people are poor or vulnerable to poverty, meaning they are not resilient in the face of natural or human-induced disasters and can slip further behind, according to the report.

Eradicating poverty is not just about "getting to zero, but about staying there," said UN human development head Helen Clark.
Call for universal access to social programs

The report calls for "universal access to basic social services, especially health and education; stronger social protection, including unemployment insurance and pensions; and a commitment to full employment, recognizing
that the value of employment extends far beyond the income it generates."

Is it really good that 85 people have more wealth than half of the population of our planet? I don't think so!

 

[ScienceRocks]

'If you invest in people, if you upgrade your infrastructure and increase the choices available to all, you will have a more stable society.'- Khalid Malik, author of UN report

 

[Politico]

You hate rich people we get it. If they only ran their homes on solar like you refuse to do maybe you won't hate them so much.

 

[Freewill]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

 

[occupied]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Wealth is power, you know this, more wealth in fewer hands should worry anyone who does not want to live in a police state. We can already see it forming while conservatives think they can suck up to them and get better treatment, the fools.

 

[NoTeaPartyPleez]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Actually, it really is the funneling of more money to the top.

I posted a couple of months ago about the difference between the Forbes Top Ten in the mid 1980s compare to today. Ross Perot was like number 1 or 2 with a worth of $2B. Now Bill Gates and Warren Buffett hold those spots at $72B and $58B respectively.

Even taking inflation into account, the difference is absolutely stunning: Gates would be worth a mere $36B and Ross Perot a paltry $4B.

 

[Geaux4it]

World's 85 richest earn more than 3.5 billion poorest: UN
World's 85 richest earn more than 3.5 billion poorest: UN - Business - CBC News

The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day.

The UN’s annual Human Development Report notes that overall poverty is declining throughout the world, but says worsening inequality risks reversing the trend to improvements in life span and income.

Canada placed No. 8 on the UN Human Development Index, a measure based on education, income, health and other measures of human well-being. It is among the group of nations considered to have very human development, with Norway at the top of the list.

That is better than last year, when Canada placed 11th, after making the top of the list in the 1990s.

Among the nations considered to have very poor human development are Niger, Congo, Mali, Haiti and Nepal.

Nearly one-third of people are poor or vulnerable to poverty, meaning they are not resilient in the face of natural or human-induced disasters and can slip further behind, according to the report.

Eradicating poverty is not just about "getting to zero, but about staying there," said UN human development head Helen Clark.
Call for universal access to social programs

The report calls for "universal access to basic social services, especially health and education; stronger social protection, including unemployment insurance and pensions; and a commitment to full employment, recognizing
that the value of employment extends far beyond the income it generates."

Is it really good that 85 people have more wealth than half of the population of our planet? I don't think so!

More power to them. May they line their pockets to capacity

-Geaux

 

[Freewill]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Wealth is power, you know this, more wealth in fewer hands should worry anyone who does not want to live in a police state. We can already see it forming while conservatives think they can suck up to them and get better treatment, the fools.

So we have done much better in the world when a "poor" person takes charge? Hitler wasn't exactly a 1 percenter. Neither was Castro. My thoughts are that I would rather have a person who understand finance and is successful as leader then someone who took power because they were neither.

That said, what is your solution to this "problem?"

BTW, even thought the richest in Congress are Democrats could you please, please, clarify whether conservative, Republicans are the party of the poor rednecks or the rich luminati?

 

[Freewill]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Actually, it really is the funneling of more money to the top.

I posted a couple of months ago about the difference between the Forbes Top Ten in the mid 1980s compare to today. Ross Perot was like number 1 or 2 with a worth of $2B. Now Bill Gates and Warren Buffett hold those spots at $72B and $58B respectively.

Even taking inflation into account, the difference is absolutely stunning: Gates would be worth a mere $36B and Ross Perot a paltry $4B.

And how does either of those effect your pay check?

 

[NoTeaPartyPleez]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Wealth is power, you know this, more wealth in fewer hands should worry anyone who does not want to live in a police state. We can already see it forming while conservatives think they can suck up to them and get better treatment, the fools.

Exactly, you can't have power without lots and lots of money. But I think the uber-wealthy on both sides of the fence operate by owning their local congressman or congresswoman.

Again, it goes back to taking money out of politics but Congress will never vote to get rid of lobbyists. They literally bring suitcases of money to some of these politicians inside the Beltway, others prefer to set up phony foundations and of course there's always their PACs which are nothing but piggy banks.

 

[AVG-JOE]

The simple but elusive answer remains:

Fair and simple tax codes.

 

[Seawytch]

You hate rich people we get it. If they only ran their homes on solar like you refuse to do maybe you won't hate them so much.

Recognizing that having half the WORLD's wealth concentrated in the hands of 85 people (out of how many billion?) is a ******* problem does not equate to "hating rich people".

 

[Geaux4it]

You hate rich people we get it. If they only ran their homes on solar like you refuse to do maybe you won't hate them so much.

Recognizing that having half the WORLD's wealth concentrated in the hands of 85 people (out of how many billion?) is a ******* problem does not equate to "hating rich people".

There is no problem but only the left with buckets of solutions in search of problems

Hats off to those 85 folks. Of course the human goal is to seek employment with the highest compensation. I never got there but they did. They won, I lost... IOW, life...

-Geaux

 

[AvgGuyIA]

World's 85 richest earn more than 3.5 billion poorest: UN
World's 85 richest earn more than 3.5 billion poorest: UN - Business - CBC News

The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day.

The UN’s annual Human Development Report notes that overall poverty is declining throughout the world, but says worsening inequality risks reversing the trend to improvements in life span and income.

Canada placed No. 8 on the UN Human Development Index, a measure based on education, income, health and other measures of human well-being. It is among the group of nations considered to have very human development, with Norway at the top of the list.

That is better than last year, when Canada placed 11th, after making the top of the list in the 1990s.

Among the nations considered to have very poor human development are Niger, Congo, Mali, Haiti and Nepal.

Nearly one-third of people are poor or vulnerable to poverty, meaning they are not resilient in the face of natural or human-induced disasters and can slip further behind, according to the report.

Eradicating poverty is not just about "getting to zero, but about staying there," said UN human development head Helen Clark.
Call for universal access to social programs

The report calls for "universal access to basic social services, especially health and education; stronger social protection, including unemployment insurance and pensions; and a commitment to full employment, recognizing
that the value of employment extends far beyond the income it generates."

Is it really good that 85 people have more wealth than half of the population of our planet? I don't think so!

Does it occur to you the YOU earn more than 1.2 billion people and maybe more? How much of your income are YOU going to give away?

 

[NoTeaPartyPleez]

Don't understand why the left keeps bring up what the rich make over the poor as if there never was a difference. Then on the next hand the left will tell us trickle down doesn't work. So what is it, the rich, by making more, are somehow ripping off the poor, or trickle down does actually work?

Actually, it really is the funneling of more money to the top.

I posted a couple of months ago about the difference between the Forbes Top Ten in the mid 1980s compare to today. Ross Perot was like number 1 or 2 with a worth of $2B. Now Bill Gates and Warren Buffett hold those spots at $72B and $58B respectively.

Even taking inflation into account, the difference is absolutely stunning: Gates would be worth a mere $36B and Ross Perot a paltry $4B.

And how does either of those effect your pay check?

Are you serious?


""According to every major data source, the vast majority of U.S. workers—including white-collar and blue-collar workers and those with and without a college degree—have endured more than a decade of wage stagnation. Wage growth has significantly underperformed productivity growth regardless of occupation, gender, race/ethnicity, or education level.
During the Great Recession and its aftermath (i.e., between 2007 and 2012), wages fell for the entire bottom 70 percent of the wage distribution, despite productivity growth of 7.7 percent.

Weak wage growth predates the Great Recession. Between 2000 and 2007, the median worker saw wage growth of just 2.6 percent, despite productivity growth of 16.0 percent, while the 20th percentile worker saw wage growth of just 1.0 percent and the 80th percentile worker saw wage growth of just 4.6 percent.
The weak wage growth over 2000–2007, combined with the wage losses for most workers from 2007 to 2012, mean that between 2000 and 2012, wages were flat or declined for the entire bottom 60 percent of the wage distribution (despite productivity growing by nearly 25 percent over this period).

Wage growth in the very early part of the 2000–2012 period, between 2000 and 2002, was still being bolstered by momentum from the strong wage growth of the late 1990s. Between 2002 and 2012, wages were stagnant or declined for the entire bottom 70 percent of the wage distribution. In other words, the vast majority of wage earners have already experienced a lost decade, one where real wages were either flat or in decline.

This lost decade for wages comes on the heels of decades of inadequate wage growth. For virtually the entire period since 1979 (with the one exception being the strong wage growth of the late 1990s), wage growth for most workers has been weak. The median worker saw an increase of just 5.0 percent between 1979 and 2012, despite productivity growth of 74.5 percent—while the 20th percentile worker saw wage erosion of 0.4 percent and the 80th percentile worker saw wage growth of just 17.5 percent."""

A Decade of Flat Wages: The Key Barrier to Shared Prosperity and a Rising Middle Class | Economic Policy Institute

So, Einstein, where did the money go? To the top. Oh, and then many of them ship it to the Caymans like Mitt Romney.

 

[NoTeaPartyPleez]

World's 85 richest earn more than 3.5 billion poorest: UN
World's 85 richest earn more than 3.5 billion poorest: UN - Business - CBC News

The 85 richest people in the world have as much wealth as the 3.5 billion poorest people, the United Nations said Thursday in a report that highlights the 1.2 billion people who live on less than $1.25 a day.

The UN’s annual Human Development Report notes that overall poverty is declining throughout the world, but says worsening inequality risks reversing the trend to improvements in life span and income.

Canada placed No. 8 on the UN Human Development Index, a measure based on education, income, health and other measures of human well-being. It is among the group of nations considered to have very human development, with Norway at the top of the list.

That is better than last year, when Canada placed 11th, after making the top of the list in the 1990s.

Among the nations considered to have very poor human development are Niger, Congo, Mali, Haiti and Nepal.

Nearly one-third of people are poor or vulnerable to poverty, meaning they are not resilient in the face of natural or human-induced disasters and can slip further behind, according to the report.

Eradicating poverty is not just about "getting to zero, but about staying there," said UN human development head Helen Clark.
Call for universal access to social programs

The report calls for "universal access to basic social services, especially health and education; stronger social protection, including unemployment insurance and pensions; and a commitment to full employment, recognizing
that the value of employment extends far beyond the income it generates."

Is it really good that 85 people have more wealth than half of the population of our planet? I don't think so!

Does it occur to you the YOU earn more than 1.2 billion people and maybe more? How much of your income are YOU going to give away?

Don't let simple facts scare you into tossing out red herrings...Never has with your posts, why stop now.

 

[zeke]

You hate rich people we get it. If they only ran their homes on solar like you refuse to do maybe you won't hate them so much.

Recognizing that having half the WORLD's wealth concentrated in the hands of 85 people (out of how many billion?) is a ******* problem does not equate to "hating rich people".

There is no problem but only the left with buckets of solutions in search of problems

Hats off to those 85 folks. Of course the human goal is to seek employment with the highest compensation. I never got there but they did. They won, I lost... IOW, life...

-Geaux

So that's how you ignorant Republicans think the worlds ultra wealthy got their money eh?
They went out and got themselves an hourly wage job and made......many, many billions.

Hey go, if you'd get a minimum wage job, that would be a nice increase in wages for you. Put you right up there with the top 85.

 

[pvsi]

World's 85 richest earn more than 3.5 billion poorest:

From New World Government . net:

THERE CAN BE NO DOUBT that when a small MINORITY of population is making MAJORITY of income, the MAJORITY is DISSATISFIED with the system, and THE ONLY WAY this majority can be CONTAINED is by turning this majority against each other, making us HATE and DISTRUST each other. And understanding what LENGTHS this minority will go through to turn us against each other, to create an ignorant society, to suppress the working class, to create a welfare class on food stamps to hide behind, when we understand their tactics, we CAN NOT, ever possibly disrespect and hate each other any MORE, than we must distrust our real enemy which is the MINORITY behind the scenes. Whether it hides behind liberalism, or conservatism, or extremism... - ONE PERSON from AMONG us must STAND UP, and PROCLAIM: I LOVE YOU ALL, EQUALLY - whether you call yourself a DEMOCRAT, a REPUBLICAN, an independent, A Christian, a Jew or a Muslim, whether you are in the MILITARY or an anti WAR protester - we are all the SAME soul, experiencing life from a different perspective.

 

[Geaux4it]

Recognizing that having half the WORLD's wealth concentrated in the hands of 85 people (out of how many billion?) is a ******* problem does not equate to "hating rich people".

There is no problem but only the left with buckets of solutions in search of problems

Hats off to those 85 folks. Of course the human goal is to seek employment with the highest compensation. I never got there but they did. They won, I lost... IOW, life...

-Geaux

So that's how you ignorant Republicans think the worlds ultra wealthy got their money eh?
They went out and got themselves an hourly wage job and made......many, many billions.

Hey go, if you'd get a minimum wage job, that would be a nice increase in wages for you. Put you right up there with the top 85.

Thanks for the neg Zeke. Right back at ya

-Geaux

 

[NoTeaPartyPleez]

More power to them. May they line their pockets to capacity

-Geaux

What you are too stupid to realize is that they picking yours.