Topic: Is it true that 80% of the world's wealth in the hands of 20%? - page 2. (Read 1117 times)

[1] https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html

i don't know whether the data scattered about wealth around the world is true and accurate, but from your question OP; the fact is that the government will not be able to make wealth spread evenly to everyone in the world, there are many factors that cause it.  many politicians and businessmen in each country collaborate to monopolize the available wealth in that country, so as long as there are people with greedy types, equal distribution of wealth is impossible to happen.

they are in full control of finances. well, I can say that the existing financial centralization makes us unable to be free in owning wealth. Of course those in control will have more wealth than those of us who are just users. they may keep secrets that we don't know, they can make us poor in an instant if they want. but for them 20% of our wealth cannot be a problem for them because it is only a small part.

We know that each country does have its laws and other regulations or simply on what type of government they do have which there's no way that there would really be some sort of equal distribution.

The rich gets richer and the poor gets more poorer and there's no way on stopping this inevitable reality. This is why as an individual, it would really be just that right that you should really be finding ways on making yourself progress in terms of your way of living.Inequality is always been  the issue, wealth or money distribution is never been that equal on the first place.
Not really that a shocking reality in the  first place. It is really just sad to see that there are lots who had been suffering due to lack of opportunities which are supposed to be distributed or to be
applied.

It's probably much worse than you portray actually and the wealthier are getting even richer every year. A large chunk of that 80% will also reside in the hands of more like 1% of people and below. It is truly obscene how much wealth is wasted in the hands of a few, but unfortunately well regulated capitalism is very hard to achieve. There are a few super wise countries who had politicians with the foresight to use their resource wealth well, like Norway for example, where the profits of oil development went into a sovereign wealth fund for the wider public to use - instead of being sold off as a one off bump to government accounts like many countries did with their oil rights.

I think not all governments plan to do this. Because there are many governments are also a hostage to those rich people or businessmen. So how will they find solutions to all those problems? Day by day the rich are only getting richer. But the condition of the poor is getting worse. Although it will not be possible to equalize this disparity, the amount of disparity there can be brought to a consistent level. Otherwise peace and order may be lost in many countries in the world with in a certain period of time.

Yes, based on the statistics that is a commonly cited known as the Pareto principle or most commonly known as the 80/20 rule. Roughly 80% of the worlds wealth is controlled by 20% of the existing population. But still it is important for to let us know that the existing statistics can be different depending on who conducted the statistical data and of course the specific definition of wealth. If we will base on that statistical data i agree that there is a highly unequal distribution of wealth maybe that 20% is more capable to increase their wealth compare to the 80% who are having hard time earning their wealth.

If we accept this situation as a problem, we have to say that it has a solution. However, the real problem arises at this point because when we accept it as a problem, we are faced with the fact that it has no solution.

Total wealth is a variable number. We cannot divide a variable number equally for everyone. If we try to do this, we will limit the total wealth. So as a result, if we limit the total wealth, we will not be sharing the wealth but the poverty. Unfortunately, we will see this gap continue to grow.

well, you can't blame the poor people. definitely, what they think first is how to fill-up their tummy. can you work if you're hungry? i don't think so. they may have different approach in spending money because they truly have different needs.
rich people are few in numbers, but do you think all of them are at peace with themselves? can they sleep soundly at night when a lot of them are thinking about their companies and all? this is why, some people prefer to live in the countryside and live simply. they may not have all the extravagant things, but they are just happy and contented with their lives.
so in this life, it is up to you how you will be at peace with yourself, with money or not.

the government doesn't do anything we ourselves should think why other people can be rich and I don't have a mindset like that that we have to instill in ourselves we start from ourselves being consistent and disciplined because we humans are all the same only way of thinking  those of us who are rich, if we believe we can be rich, it will definitely happen.

That's so true Syed sir, I have also read and watched much content about this, and this fact is not new, for example, i have watched a video about how Romans made many unnecessary games, and events so that they can divert the interest of people from getting rich, educated and mannered to those pre-planned game. Maybe, you would also have watched those videos. Actually, the thing is, we are living in the world of manipulation where the one who has more money is governing us, that's what governance means. Getting power and if power is distributed among every person equally then it's of no good to those who want to govern us. There fore I mentioned the Roman scheme which is still present at this time, that people have stuck doing the same thing that only they are able to buy luxury cars, apartments and etc., etc.

Why? The reason is some powerful don't want to share power with us, you asked what governments can do, i am asking you, do they even want to make it more equitable, because if they do they will lose. For example, they could implement many plans, such as a progressive taxation system so that the one with more money has to pay more tax and the one with less money have to pay less tax, in this way, money will circulate and will be used for whole poor and rich) society.

There are many other steps that governments can do, like Welfare programs, to aid the poor and the lower ones, Educate them so that they can grow and can open new gateways for themselves and for others, and increment in wages of labor according to the economic conditions, as you may have seen many countries have a bad economy and still labor are getting wages same as there were getting 5 years back.

Very few government ministers are members of the wealthy elite. They are just the puppets iof the wealthy dynasties.

Actually, between the rich and the poor, they only differ in their pattern of using money or something. The mindset of rich people is usually to save and invest first, then use the rest for the needs of their life. Meanwhile, the mindset of poor people is to use money for their needs first, then if there is some left over, they will save or invest it so that they will remain poor throughout their lifetime because they do not want to change the pattern of thinking that is run by rich people.

Along with the liberalization of goods and capital movements with globalization, the weight of the state in the economy has gradually weakened. With privatization, deregulation, reducing the role of the state in health and education, more passive monetary and fiscal policies, gradually reducing taxes and public expenditures, the leading role of the state has been abandoned and almost everything has been left to the market mechanism.

Thus the termination of the social state understanding has had negative consequences especially on low and middle income groups.

For this reason, we should bring the concept of social state to the agenda again. I hope that wealth will spread from the hands of a small group to the public with the dominance of the Social State in the market.

Now everyone is aware of it, that there really is something wrong in the government of the country or the world. If the existing government were fair and not greedy, surely all people would be better off and more prosperous. But the current government is very far from such expectations, most of them also have no intention of advancing their citizens, but only want to enrich themselves. To be honest, in my country, there are still many government officials who are caught doing corruption, and this is very detrimental to many parties.

And by looking at the number of cases like that, I can draw conclusions. Why is the wealth in this world unequal? maybe one of the strong factors is the number of people who are given authority, but abuse this authority to enrich themselves. And the rest of the wealth that exists in the world may be in businessmen, and ultimately in ordinary people.

So in my opinion the core of the problem lies with the government, the government must be able to change their bad attitude, and must care for their fellow human beings.

This is just my personal opinion, which I take from observations in the country where I live. I don't know much about other countries, but I hope the governments will be honest and trustworthy in carrying out their duties.

Its mainly because the government can't regulate it and track it. The government want to be able to investigate your bank and financial activity. If needed,  freeze assets get taxes. Since it digital, Bitcoin exists at many different locations at the same time. This makes it very difficult for a single regulatory power to enforce its will across borders. It also means that a government or other third party can't technically raid on office and shut down anything.

If many governments of the world are against cryptocurrency and and can ban anytime then what why governments should tolerate cryptocurrency?

It is funny how the proponents of socialism tries to spin this topic. They always come up with 20% rich people oppressing the remaining 80%. But they never mention the simple fact that citizens of the United States, who comprise just 4% of the world's population account for 31% if the global wealth. None of the other countries even come close. China account for 18% of the global wealth, but they also account for a similar share in the global population. But we never hear about socialists in the United States asking their government to help the poor people outside their country.

Take a peek, would you! The wealthy are back to their old antics. Changing regular people into money makers? They resemble the villains from a major motion picture, except their goal is to acquire property rather than the world. What about the state? The henchmen performed what their wealthy superiors directed them to do and disregarded the public. It's similar to a strange collective.

There is a way out of this though, so don't fret. Governments ought to create employment opportunities and aid the common man. What you're doing is the emotional equivalent of wrapping your arms around them and saying, "We're here for you."

The people who has the wealth in their hands today are enslaving the common man to enrich themselves, that is why you see the rich people buying properties that belong to the common man by force, because they want to use the properties for business and to enrich themselves, and doesn't care about the common man and the government are adding to the common man problem, because they respect the rich people are careless for the common citizens. What the government should do is to provide job opportunity and to make life more for the ordinary man. 

The government always finding a solution to make everyone equal in terms of government  assistance or job offerings but still everyone is not equal because they have different status in life from the ancestors, some people are born in poor family and some are born in rich family.

Its true that the world wealth is accumulated in rich people bank accounts and there is a major gap of finances in rich and poor .
Plus rich are getting richer and poor are becoming poorer because of economic crisis,  poor people are in majority in third world  countries so to solve poverty issue totally is impossible as the rich are fewer in number .