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

[Dad2three]

wow...3,5 billion?

wow

I wonder how does it feel

mmmmmmm

There sure are a lot of economically unproductive people in the world, huh?

Yes, we generally call them conservatives

 

[Rikurzhen]

wow...3,5 billion?

wow

I wonder how does it feel

mmmmmmm

There sure are a lot of economically unproductive people in the world, huh?

Yes, we generally call them conservatives

Wouldn't it be much nicer for you if we set about having the Big Sort and you could purge all the conservatives out of your nation. You could then invite all the poor people in the US, all the minorities, all the world's refugees to come live with you. You could impose true communism, you could impose draconian environmental protection laws, etc. Think of how heavenly of a society you could create.

Meanwhile, normal people could live in their own nation and not have to contend with liberals like you.

Isn't it time for a divorce?

 

[Dad2three]

There sure are a lot of economically unproductive people in the world, huh?

Yes, we generally call them conservatives

Wouldn't it be much nicer for you if we set about having the Big Sort and you could purge all the conservatives out of your nation. You could then invite all the poor people in the US, all the minorities, all the world's refugees to come live with you. You could impose true communism, you could impose draconian environmental protection laws, etc. Think of how heavenly of a society you could create.

Meanwhile, normal people could live in their own nation and not have to contend with liberals like you.

Isn't it time for a divorce?

You know what happens when you have a very static and simplistic view of a very dynamic and complex system? You find yourself being wrong almost all the time.


Today's TBGOPers Can't win on ideas. So they lie, cheat and distort


Blue States are from Scandinavia, Red States are from Guatemala A theory of a divided nation


In the red states, government is cheaper, which means the people who live there pay lower taxes. But they also get a lot less in return. The unemployment checks run out more quickly and the schools generally aren’t as good. Assistance with health care, child care, and housing is skimpier, if it exists at all. The result of this divergence is that one half of the country looks more and more like Scandinavia, while the other increasingly resembles a social Darwinist’s paradise.

Blue States are from Scandinavia, Red States are from Guatemala | New Republic

 

[soonerthunder22]

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

How many less fortunate have they aided today? Last week? Last year? Who among them have done much of anything to further the cause of the homeless, the hungry, the impoverished? Don't say they do all these things but prefer to be anonymous. Those bigwigs would love to suck up all the good pub. that they could ....to negate their reputation as greedy,self serving, scumbags

 

[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.

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".

That is not the issue and you know it. The article, Matt and probably you would like to take it from them.

 

[Toro]

The goal, then, is to get the incomes of the poorest higher so that number falls to 2.5 billion then 1.5 billion.

And you do that through free market capitalism, the rule of law, more spending on educating the masses, and eradicating corruption.

 

[Delta4Embassy]

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!

Isn't good, but it works better than the alternatives. Thinking on this sort of thing rather a lot, alternative government and economic systems would collapse instantly, or lead to unprecedented corruption (as with communism.) Democracy+Capitalism is by no means ideal or even fair, but it works. Come up with a better system and tell people about it and I'm sure we'll get right on it.

Until the current D+C system, nations ideas of 'economic growth' was invading their neighbors. Capitalism allows those neighbors now to trade for goods they desire instead of going to war to steal them. Unfortunately, capitalism also means for the minority to be successful and wealthy, the majority must be empoverished. No such system as one where everyone's wealthy. But if we can keep everybody alive more efficiently than the war-based economies of the past, maybe someone will come along and come up with a better idea.

 

[WheelieAddict]

The tax code is fucked. Fix it. Close loopholes while lowering taxes on corps, can still get close to same revenue. More level playing field. What's not to like?

 

[zeke]

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers

It's quite apparent that those 10 men produced more value than the 250,000 teachers. Keep in mind that people voluntarily paid the salaries of those Hedge Fund managers.

So exactly who are you to step in between a hedge fund manager and his clients and dictate to them how much they are allowed to pay the hedge fund manager for managing their money.

You totalitarian liberals really don't know your place, do you?

Apparently you don't know what a "hedge fund" is or does. And please share who those "people" are that voluntarily paid those commissions (it sure as **** ain't a "salary").

You don't really know what the **** you are talking about do ya?

 

[Toro]

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers

It's quite apparent that those 10 men produced more value than the 250,000 teachers. Keep in mind that people voluntarily paid the salaries of those Hedge Fund managers.

So exactly who are you to step in between a hedge fund manager and his clients and dictate to them how much they are allowed to pay the hedge fund manager for managing their money.

You totalitarian liberals really don't know your place, do you?

Apparently you don't know what a "hedge fund" is or does. And please share who those "people" are that voluntarily paid those commissions (it sure as **** ain't a "salary").

You don't really know what the **** you are talking about do ya?

Notwithstanding the amount of money hedge fund managers make, investors who give their money to hedge funds do so voluntarily.

Also, hedge funds are not brokers and are not paid commission. They are paid mostly on profit sharing generated from their earnings.

 

[CrusaderFrank]

wow...3,5 billion?

wow

I wonder how does it feel

mmmmmmm

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers

We also are told that these guys (and yes, they are all guys) make big bucks because they’re terrific gamblers, the very best poker players in the financial world. But that’s a misleading analogy. Evidence suggest that many are more like card sharks. They don’t really want to gamble. Instead they always seeking to bet on a sure thing. Better yet, they would prefer to create a rigged bet. Sounds far fetched? I’d wager that the financial maneuvers I’m about to list understate the severity of hedge fund cheating.

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers | Too Big Has Failed

Teacher don't get paid on merit. No matter how good or bad, they are trapped in the Progressive Collective

 

[CrusaderFrank]

The goal, then, is to get the incomes of the poorest higher so that number falls to 2.5 billion then 1.5 billion.

And you do that through free market capitalism, the rule of law, more spending on educating the masses, and eradicating corruption.

^ Kulak! What does he know of the Worker's Paradise?

 

[Toro]

wow...3,5 billion?

wow

I wonder how does it feel

mmmmmmm

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers

We also are told that these guys (and yes, they are all guys) make big bucks because they’re terrific gamblers, the very best poker players in the financial world. But that’s a misleading analogy. Evidence suggest that many are more like card sharks. They don’t really want to gamble. Instead they always seeking to bet on a sure thing. Better yet, they would prefer to create a rigged bet. Sounds far fetched? I’d wager that the financial maneuvers I’m about to list understate the severity of hedge fund cheating.

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers | Too Big Has Failed

I read that link, then the link in the link.

It's clear that the author has little idea what he's talking about. He's ranting and spewing out baseless and slanderous invectives because he hates the idea that these guys make so much money.

 

[saveliberty]

The tax code is fucked. Fix it. Close loopholes while lowering taxes on corps, can still get close to same revenue. More level playing field. What's not to like?

We have a world tax code?

 

[AvgGuyIA]

At least throw the assholes in prison.

That's why it is imperative you people must be removed from power and kicked out this Country.

 

[AvgGuyIA]

The world needs a minimum wage of 1.25/hour. Any nation that allows their businesses to pay less then that should be condemned and economic punishment shell fall on them.

If you're born in a country where you could end up food for lions, why should you think you deserve more than $1.25 per day in wages?

 

[Dad2three]

It's quite apparent that those 10 men produced more value than the 250,000 teachers. Keep in mind that people voluntarily paid the salaries of those Hedge Fund managers.

So exactly who are you to step in between a hedge fund manager and his clients and dictate to them how much they are allowed to pay the hedge fund manager for managing their money.

You totalitarian liberals really don't know your place, do you?

Apparently you don't know what a "hedge fund" is or does. And please share who those "people" are that voluntarily paid those commissions (it sure as **** ain't a "salary").

You don't really know what the **** you are talking about do ya?

Notwithstanding the amount of money hedge fund managers make, investors who give their money to hedge funds do so voluntarily.

Also, hedge funds are not brokers and are not paid commission. They are paid mostly on profit sharing generated from their earnings.

They give almost zero value to US. They are scavenger without much benefit but to a few


“risks being inundated by managers who are gaming the system rather than delivering high returns, which could ultimately lead to a collapse in investor confidence.”

Gaming the System: Are Hedge Fund Managers Talented, or Just Good at Fooling Investors? » Knowledge@Wharton

1990 $38 billion managed

2014 $2.2+ trillion




ABUSE OF STRUCTURED FINANCIAL PRODUCTS:


Misusing Basket Options to Avoid Taxes and Leverage Limits

I. EXECUTIVE SUMMARY

For the last decade, the U.S. Senate Permanent Subcommittee on Investigations has presented case histories showing how financial institutions, law firms, accountants, and others have designed and implemented complex financial structures to take advantage of and, at times, abuse or violate U.S. tax statutes, securities regulations, and accounting rules.



This investigation offers yet another detailed case study of how two financial institutions – Deutsche Bank AG and Barclays Bank PLC – developed structured financial products...., that used them to avoid federal taxes and leverage limits on buying securities with borrowed funds.

The basket option contracts examined by the Subcommittee investigation were used by at least 13 hedge funds to conduct over $100 billion in securities trades, most of which were short term transactions and some of which lasted only seconds. Yet the resulting short-term profits were frequently cast as long-term capital gains subject to a 20% tax rate (previously 15%) rather than the ordinary income tax rate (currently as high as 39%) that would otherwise apply to investors in hedge funds engaged in daily trading

Hearings| Homeland Security & Governmental Affairs Committee

 

[Dad2three]

wow...3,5 billion?

wow

I wonder how does it feel

mmmmmmm

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers

We also are told that these guys (and yes, they are all guys) make big bucks because they’re terrific gamblers, the very best poker players in the financial world. But that’s a misleading analogy. Evidence suggest that many are more like card sharks. They don’t really want to gamble. Instead they always seeking to bet on a sure thing. Better yet, they would prefer to create a rigged bet. Sounds far fetched? I’d wager that the financial maneuvers I’m about to list understate the severity of hedge fund cheating.

Ten Hedge Fund Managers Made More Combined Than 250,000 Teachers | Too Big Has Failed

I read that link, then the link in the link.

It's clear that the author has little idea what he's talking about. He's ranting and spewing out baseless and slanderous invectives because he hates the idea that these guys make so much money.

Montclair author Les Leopold on how hedge funds place bets on a rigged game

Montclair author Les Leopold on how hedge funds place bets on a rigged game - News - NorthJersey.com

 

[AvgGuyIA]

So kill off nasa, nws, epa, cdc, fda, and our public educational system is what you're saying? Next you'd kill infrastructure funding, science and investment. You sound like you're rooting for the collapse of this country.

At the very least you're rooting for a small super rich and big poor to be the model of our society.

Our spending problem is not that we're too generous with funding operations of government, it's entirely rooted in too much redistribution - taking wealth from some people and transferring it to others.

We live in a country which has one of the highest standards of living and this comes with a commensurate high cost of living. We have too many, and we keep importing more, people who can't produce enough economic value to live in this country. That's the problem, not that we fund public health research and monitoring via the Centers for Disease Control.

YEAH, THAT'S WHAT IT IS

Liberals love their charts and graphs to document their paranoia,yet they can't show how a rich man has harmed them in any way.

 

[Wry Catcher]

The simple but elusive answer remains:

Fair and simple tax codes.

Fair and simple PROGRESSIVE tax codes.

We ALREADY have the world's most progressive tax code according to the OECD. How much is enough?

But a new study on inequality by researchers at the Organization for Economic Cooperation and Development (OECD) in Paris reveals that when it comes to household taxes (income taxes and employee social security contributions) the U.S. "has the most progressive tax system and collects the largest share of taxes from the richest 10% of the population." As Column 1 in the table below shows, the U.S. tax system is far more progressive—meaning pro-poor—than similar systems in countries most Americans identify with high taxes, such as France and Sweden.​

We don't have a tax revenue problem we have a spending problem and we have too many poor and dumb people that we need to support and we keep letting more and more of them into the country via our wide-open Southern Border.

We have a serious problem, but it's not spending, per se. It is the failure to establish rational national priorities and goals, an ideology such as the one you seem to have adopted which is myopic, framed by bigotry and ignorance, and an effort by the few to continue to set policy and establish laws to their benefit with a callous disregard for others, our environment and our posterity.