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

[Jarhead]

The 85 richest do not dictate the prices of goods and services worldwide.

The 3.5 billion do.

So what difference does it make?

Answer: NONE.

 

[Avorysuds]

What other people earn is really...

NONE OF YOUR ******* BUSINESS MATTHEW.

Stop promoting leeches

Until the Obamas buy a house.

http://www.usmessageboard.com/current-events/366845-obamas-buying-this-little-cottage.html

Gramps didn't make the thread, but maybe he posted in it, i don't know. Passed that, the issue people have with Obama buying houses and paying 14% tax rates is that Obama leads the idiot lemmings (you) around with the idea that he will change all of this evil corruption. All the while Obama gives 0% tax rates to friends, makes millions after being elected President, pays low tax rates, owns rich homes in only rich areas, plays golf like all fuckin day, bails out the rich and has the FEDr giving the bankers a trillion a year every year he has been in office.

These people simply point out that your leader is among the worst of what you would claim to hate and oppose.

 

[ScreamingEagle]

One big business will create a hundred satellite businesses surrounding it.....the whole community or several communities thrive....you got 'trickle down'....

those foreign people are reaping the benefits of American big businesses moving overseas......we get cheaper clothing etc. but fewer jobs....

how do you think we bring back business and encourage more business in America....?

Easy. For starters, get this under control:


STUDY: 70% OF FORTUNE 500 COMPANIES USED TAX HAVENS IN 2013

30 companies booked more cash offshore than others combined

THURSDAY, JUNE 5, 2014
Washington, June 5 – Tax loopholes encouraged more than 70 percent of Fortune 500 companies to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

[That's $2,000,000,000,000 out of OUR ECONOMY right there!]


Key findings of the report include:

- At least 362 Fortune 500 companies operate subsidiaries in tax haven jurisdictions, as of 2013. All told, these companies maintain at least 7,827 tax haven subsidiaries. The 30 companies with the most money booked offshore for tax purposes collectively operate 1,357 tax haven subsidiaries.

- Approximately 64 percent of the companies with tax haven subsidiaries had subsidiaries in Bermuda or the Cayman Islands. The profits that American multinationals collectively claim to earn in these island nations’ totals 1,643 percent and 1,600 percent, respectively of each country’s entire yearly economic output.

- The 30 companies with the most money booked offshore for tax purposes collectively hold nearly $1.2 trillion overseas. That is 62 percent of the nearly $2 trillion that Fortune 500 companies together report holding offshore.

- Only 55 companies disclose the amount they would expect to pay in U.S. taxes if they didn’t report profits offshore for tax purposes. All told, these 55 companies would collectively owe $147.5 billion in additional federal taxes, equal to the entire state budgets of California, Virginia, and Indiana combined. The average tax rate the 55 companies currently pay to other countries on this income is a mere 6.7 percent, implying that most of it is booked to tax havens.

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013 | U.S. PIRG

of course international companies will use tax loopholes.....the U.S. has the highest corporate tax rate in the world....businesses will move if they need to stay competitive in the world.....if you close the loopholes even more of our businesses will move out.....our whole country will look like Detroit....

don't you see the REAL problem here....?

U.S. Firms Move Abroad to Cut Taxes - WSJ

 

[Jarhead]

I like how the conservatives don't see anything wrong with this.

Well tell us why everyone should have the same amount of money.

Where did I say that?

Then why don't you tell us how much money one person is allowed to have.

Would you feel better if the ratio was 1 Billion to 2.5 billion?

How is that fair to the 2.5 billion?

When will you consider it fair?

 

[Avorysuds]

Well tell us why everyone should have the same amount of money.

Where did I say that?

Then why don't you tell us how much money one person is allowed to have.

Would you feel better if the ratio was 1 Billion to 2.5 billion?

How is that fair to the 2.5 billion?

When will you consider it fair?

The answer is it will be fair when his income level goes up without doing any work to get it there. Fair is when he didn;t have to innovate, build or risk anything to be wealthy as those he envy's.

 

[NoTeaPartyPleez]

of course international companies will use tax loopholes.....the U.S. has the highest corporate tax rate in the world....businesses will move if they need to stay competitive in the world.....if you close the loopholes even more of our businesses will move out.....our whole country will look like Detroit....

don't you see the REAL problem here....?

U.S. Firms Move Abroad to Cut Taxes - WSJ

What the tax rate is and what they pay are two different things. None of them are paying 35%. Not even close. Many are paying none.

Here's a bit more light to shed on the subject while you are feeling sorry for corporations and falling for their lies. I suggest you see that

Big No-Tax Corps Just Keep on Dodging

Last November, Citizens for Tax Justice and the Institute on Taxation and Economic Policy issued a major study of the federal income taxes paid, or not paid, by 280 big, profitable Fortune 500 corporations. That report found, among other things, that 30 of the companies paid no net federal income tax from 2008 through 2010. New information for 2011 shows that almost all these 30 companies have maintained their tax dodging ways.

In fact, all but four of the 30 companies remained in the no-federal-income-tax category over the 2008-11 period.

Over the four years:
# 26 of the 30 companies continued to enjoy negative federal income tax rates. That means they still made more money after tax than before tax over the four years!

# Of the remaining four companies, three paid four- year effective tax rates of less than 4 percent (specifically, 0.2%, 2.0% and 3.8%). One company paid a 2008-11 tax rate of 10.9 percent.

# In total, 2008-11 federal income taxes for the 30 companies remained negative, despite $205 billion in pretax U.S. profits. Overall, they enjoyed an average effective federal income tax rate of –3.1 percent over the four years.

“These big, profitable corporations are continuing to shift their tax burden onto average Americans,” said Citizens for Tax Justice director Bob McIntyre. “This isn’t fair to the rest of us, it makes no economic sense, and it’s part of the reason our government is running huge budget deficits.”


http://www.ctj.org/pdf/notax2012.pdf

And as for your comment about Detroit, that's where we are going if these corporations continue to suck dollars by the trillion out of this country. They could care less about the American consumer. They have the Chinese and Indians to offset any kind of economic shock here in these domestic markets.

 

[Dad2three]

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

The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power. Of course they don't believe in democracy, they see it is an upstart insurgency of the rabble upsetting the balance of nature where rich white males rule as they were meant to.

 

[dilloduck]

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



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

The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power. Of course they don't believe in democracy, they see it is an upstart insurgency of the rabble upsetting the balance of nature where rich white males rule as they were meant to.

wow---gotta link for that one ?

 

[Dad2three]

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

-Geaux

The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power. Of course they don't believe in democracy, they see it is an upstart insurgency of the rabble upsetting the balance of nature where rich white males rule as they were meant to.

wow---gotta link for that one ?

You don't read much history huh?

Throughout history, monarchies have been abolished, either through revolutions, legislative reforms, coups d'état, or wars. The founding of the Roman Republic is a noteworthy example. The twentieth century saw a major acceleration of this process, with many monarchies violently overthrown by revolution or war, or else abolished as part of the process of de-colonisation.



Anti-monarchism in the United States developed out of the gradual process of revolution that began as early as 1765, as colonists resisted the Stamp Act through boycott and the expulsion and condemnation of royal officials. With the Declaration of Independence in 1776, the most violent wave of anti-monarchial protest began, with the systematic destruction of the relics and symbols of monarchy. Examples can be found in the toppling of the equestrian statue of George III on Bowling green in New York City. Monarchic loyalists were particularly affected, with hundreds of thousands exiled to Canada and the East Indies. Their property was immediately turned over to the State. Thomas Paine, the famous author of the revolutionary pamphlet "Common Sense," extolled the colonists to finance the revolutionary war through this means. Even today, very few artifacts depicting the British monarchy from the colonial period can be found in the United States.


Abolished monarchy - Wikipedia, the free encyclopedia


The Founding Fathers favored a merit based republic and took down an aristocracy the conservatives are trying to take US back to!

 

[dilloduck]

The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power. Of course they don't believe in democracy, they see it is an upstart insurgency of the rabble upsetting the balance of nature where rich white males rule as they were meant to.

wow---gotta link for that one ?

You don't read much history huh?

Throughout history, monarchies have been abolished, either through revolutions, legislative reforms, coups d'état, or wars. The founding of the Roman Republic is a noteworthy example. The twentieth century saw a major acceleration of this process, with many monarchies violently overthrown by revolution or war, or else abolished as part of the process of de-colonisation.



Anti-monarchism in the United States developed out of the gradual process of revolution that began as early as 1765, as colonists resisted the Stamp Act through boycott and the expulsion and condemnation of royal officials. With the Declaration of Independence in 1776, the most violent wave of anti-monarchial protest began, with the systematic destruction of the relics and symbols of monarchy. Examples can be found in the toppling of the equestrian statue of George III on Bowling green in New York City. Monarchic loyalists were particularly affected, with hundreds of thousands exiled to Canada and the East Indies. Their property was immediately turned over to the State. Thomas Paine, the famous author of the revolutionary pamphlet "Common Sense," extolled the colonists to finance the revolutionary war through this means. Even today, very few artifacts depicting the British monarchy from the colonial period can be found in the United States.


Abolished monarchy - Wikipedia, the free encyclopedia


The Founding Fathers favored a merit based republic and took down an aristocracy the conservatives are trying to take US back to!

That link isn't about the invention of democracy. It's about the abolition of monarchies.

 

[Dad2three]

wow---gotta link for that one ?

You don't read much history huh?

Throughout history, monarchies have been abolished, either through revolutions, legislative reforms, coups d'état, or wars. The founding of the Roman Republic is a noteworthy example. The twentieth century saw a major acceleration of this process, with many monarchies violently overthrown by revolution or war, or else abolished as part of the process of de-colonisation.



Anti-monarchism in the United States developed out of the gradual process of revolution that began as early as 1765, as colonists resisted the Stamp Act through boycott and the expulsion and condemnation of royal officials. With the Declaration of Independence in 1776, the most violent wave of anti-monarchial protest began, with the systematic destruction of the relics and symbols of monarchy. Examples can be found in the toppling of the equestrian statue of George III on Bowling green in New York City. Monarchic loyalists were particularly affected, with hundreds of thousands exiled to Canada and the East Indies. Their property was immediately turned over to the State. Thomas Paine, the famous author of the revolutionary pamphlet "Common Sense," extolled the colonists to finance the revolutionary war through this means. Even today, very few artifacts depicting the British monarchy from the colonial period can be found in the United States.


Abolished monarchy - Wikipedia, the free encyclopedia


The Founding Fathers favored a merit based republic and took down an aristocracy the conservatives are trying to take US back to!

That link isn't about the invention of democracy. It's about the abolition of monarchies.

So you don't accept the premise that overthrowing monarchies, like the US did, led to democracy? Or that wealth in a few hands lessons democracy?

 

[Jarhead]

Where did I say that?

Then why don't you tell us how much money one person is allowed to have.

Would you feel better if the ratio was 1 Billion to 2.5 billion?

How is that fair to the 2.5 billion?

When will you consider it fair?

The answer is it will be fair when his income level goes up without doing any work to get it there. Fair is when he didn;t have to innovate, build or risk anything to be wealthy as those he envy's.

Any other answer would not make any sense.

That is why the whole argument makes no sense.

Like I said earlier......the demand of the 3.5 billion is what dictates market prices for goods and services.

The other 85 play absolutely no role in it.

So what difference does it make?

 

[AvgGuyIA]

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

Send half your income to somebody who makes $1.24 per day. Do it or STFU about it.

Again, more pixelated methane. Why don't you find some hard data to support your position rather than your inept opinions. Or is that too much to ask?

You write like a sissy..."pixelated methane". The point is you complain about rich people and demand they give their wealth away. Yet you won't give a poor man a dime of your wealth. It's so easy to demand some other guy give his up. Bullshit.

 

[Listening]

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!

Why ?

Just because you THINK SO ?

Great.

I don't think you should breed.

 

[AvgGuyIA]

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.

The richest man in the world is a Mexican. It's very possible he started out living in a hovel.

 

[Listening]

The whole reason democracy was invented as a means to make the rich and powerful give up their stranglehold on wealth and power. Of course they don't believe in democracy, they see it is an upstart insurgency of the rabble upsetting the balance of nature where rich white males rule as they were meant to.

wow---gotta link for that one ?

You don't read much history huh?

Throughout history, monarchies have been abolished, either through revolutions, legislative reforms, coups d'état, or wars. The founding of the Roman Republic is a noteworthy example. The twentieth century saw a major acceleration of this process, with many monarchies violently overthrown by revolution or war, or else abolished as part of the process of de-colonisation.



Anti-monarchism in the United States developed out of the gradual process of revolution that began as early as 1765, as colonists resisted the Stamp Act through boycott and the expulsion and condemnation of royal officials. With the Declaration of Independence in 1776, the most violent wave of anti-monarchial protest began, with the systematic destruction of the relics and symbols of monarchy. Examples can be found in the toppling of the equestrian statue of George III on Bowling green in New York City. Monarchic loyalists were particularly affected, with hundreds of thousands exiled to Canada and the East Indies. Their property was immediately turned over to the State. Thomas Paine, the famous author of the revolutionary pamphlet "Common Sense," extolled the colonists to finance the revolutionary war through this means. Even today, very few artifacts depicting the British monarchy from the colonial period can be found in the United States.


Abolished monarchy - Wikipedia, the free encyclopedia


The Founding Fathers favored a merit based republic and took down an aristocracy the conservatives are trying to take US back to!

I am sure you can site conservatives saying we want an aristocracy.

Spare me the linkage you'll try to make.

Either you have the quotes to back you bullshit or you don't.

 

[deltex1]

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!

I'll bet the tallest make way more than the shortest also.

 

[Listening]

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!

Your thread title says they EARN it.

I know that drives you guys crazy.

Why would anyone want to earn that much and actually want to keep it.

 

[Listening]

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.

And how is wealth power....you can buy governments.

What does the left want....more government so the rich have more to buy to make themselves richer.

 

[AvgGuyIA]

The poorest need to get their shit together

The Liberals recoil in horror at what you said, but it is the god's honest Truth with a capital "T".