Topic: Is it true that 80% of the world's wealth in the hands of 20%? - page 4. (Read 1111 times)
We can all see who is going to the economic forum in Davos. Many of us have the opportunity to read Forbes magazine's lists of the richest people. So we can say that - judging from the external data - most of the world's wealth is concentrated in the hands of a relatively small number of people.
Hi, The issue of wealth inequality is undoubtedly a complex and multifaceted one, and governments have a crucial role to play in addressing it. One potential solution is through implementing progressive taxation policies that place a heavier burden on the wealthy, while also increasing funding for social safety net programs to support those in need.
Another approach could be to invest in education and workforce development programs to help individuals acquire the skills and knowledge necessary to earn higher incomes and move up the economic ladder. Governments can also enact policies that promote fair labor practices, such as raising the minimum wage and protecting workers' rights.
Overall, addressing wealth inequality will require a multi-faceted approach that involves cooperation between governments, businesses, and individuals. However, by taking concrete steps towards creating a more equitable society, we can create a brighter and more just future for all
Another approach could be to invest in education and workforce development programs to help individuals acquire the skills and knowledge necessary to earn higher incomes and move up the economic ladder. Governments can also enact policies that promote fair labor practices, such as raising the minimum wage and protecting workers' rights.
Overall, addressing wealth inequality will require a multi-faceted approach that involves cooperation between governments, businesses, and individuals. However, by taking concrete steps towards creating a more equitable society, we can create a brighter and more just future for all
February 25, 2023, 11:32:43 PM
Is the point of getting rid of big government and letting the citizens decide their own faith? Or is it to build a better government? Because on the one hand, you are left to people like Bezos and Musk and other big capitalist companies who would rather have a higher profit margin and let you die suffering because they don't care about you, they care about what to say to their shareholders, so the small government doesn't work. But on the other side if you let the government get bigger, this time they end up taxing you a high amount, and yet they do not give you anything in return, the USA spends the most amount on healthcare, and people die because they can't go to the hospital, proof that big government doesn't work either. All of this could be solved by just having a decent politician at the top, not big or small, just a good president that cares, that's what I agree with.
February 25, 2023, 11:09:43 PM
Governments have always been extremely inefficient, they attempt to redistribute the wealth they get by the taxes they extort from the population, but a great deal of that wealth is consumed by them as they generate a significant amount of bureaucratic jobs which are unnecessary, give themselves high salaries and create useless institutions, so despite their supposed good intentions they end up not helping the people that need their help the most.
The difference between some nations is that taxes goes to waste in all kinds of nations, but some of them try to have less government, while others try to get rid of the corruption in the government.I believe that we do need government and it's help, because there are too many things that can't be let to private companies, it just doesn't work better for the general population, but the way it is right now, our taxes are spent inefficiently so that doesn't work neither. Instead of getting rid of all those big budget governmental organizations, we should be getting rid of people in the government who doesn't use our money for us, but uses for themselves.
February 23, 2023, 10:14:30 AM
Governments have always been extremely inefficient, they attempt to redistribute the wealth they get by the taxes they extort from the population, but a great deal of that wealth is consumed by them as they generate a significant amount of bureaucratic jobs which are unnecessary, give themselves high salaries and create useless institutions, so despite their supposed good intentions they end up not helping the people that need their help the most.
The difference between some nations is that taxes goes to waste in all kinds of nations, but some of them try to have less government, while others try to get rid of the corruption in the government.I believe that we do need government and it's help, because there are too many things that can't be let to private companies, it just doesn't work better for the general population, but the way it is right now, our taxes are spent inefficiently so that doesn't work neither. Instead of getting rid of all those big budget governmental organizations, we should be getting rid of people in the government who doesn't use our money for us, but uses for themselves.
February 23, 2023, 06:10:02 AM
Even if 80% of the wealth is in the hands of 20% of the people, is it that bad? Wealth redistribution is a flawed idea and the countries who tried it have become bankrupt in a matter of few years. I am OK with this distribution (80% of wealth divided by 20%). But if the distribution is something like 90% of the wealth controlled by 0.1% of the population, then we can say that it is very asymmetric. There will be both rich and poor people in this planet, because skillset, knowledge, character and physical traits differ from one individual to another. Striving for uniform wages and wealth by normalizing these differences will never be successful.
February 23, 2023, 05:14:02 AM
This is an outdated statistic because of the world's changes after the 2019 -2020 pandemic. When it started, there has a significant impact that affected everyone that had any say in the economic balance and the distribution of wealth.
Has anybody had that kind of data?
Has anybody had that kind of data?
February 23, 2023, 05:07:09 AM
Unfortunately yes, the wealth we humans amassed over the years is distributed very unequal across countries, and even more unequal within all the countries. To be honest I find it the number of 20% owning 80% of the wealth quite high, I expected it to much lower. Just look at the super rich for example - worldwide the 26 richest people held as much wealth as half of the global population (3.8 bn people). It's kind of insane that there are not more civil wars around the world and people are demanding change. The wealth of the 1%ers keeps increasing even during crisis times, whereas the wealth of the largest part of the population remains constant. I don't think that the government is going to change anything, because they are being funded by the rich families. There is a huge lobby industry behind the politicians that finance all their campaigns. Without the money of the rich, the politicians would never get into power.
Laws are written rich for the rich, so it is clear that their wealth will constantly grow. Big money creates even greater capital with proper management, and rich people have enough funds to create financial institutions, where for their capiels they find the best options for investment.Rich families are worried that their wealth passes from generation to generation, so their wealth are growing over many generations.
To some extent, it is difficult to understand why they need so much money, they will not spend it for several lives. Probably all this for the sake of power, because much money can be able to give great influence.
February 23, 2023, 03:16:33 AM
According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
https://wir2018.wid.world/
What governments can do to make it more equitable?
https://wir2018.wid.world/
Unfortunately yes, the wealth we humans amassed over the years is distributed very unequal across countries, and even more unequal within all the countries. To be honest I find it the number of 20% owning 80% of the wealth quite high, I expected it to much lower. Just look at the super rich for example - worldwide the 26 richest people held as much wealth as half of the global population (3.8 bn people). It's kind of insane that there are not more civil wars around the world and people are demanding change. The wealth of the 1%ers keeps increasing even during crisis times, whereas the wealth of the largest part of the population remains constant. I don't think that the government is going to change anything, because they are being funded by the rich families. There is a huge lobby industry behind the politicians that finance all their campaigns. Without the money of the rich, the politicians would never get into power.
February 23, 2023, 02:44:37 AM
Is it true that 80% of the world's wealth in the hands of 20%?
What I read is different from yours, it was claimed in that article that the wealth of the world is being controlled by 5% of people which I agree more than yours because it's evident around us, 20% (1,577,600,000 based on the 2021 world's pollution of 7.888B) is much. However, statistics fail, yet a near representation is often regarded as valid.What governments can do to make it more equitable?
Government can do nothing about this as wealth is being distributed by God and luck. But government can try to eliminate the monopoly and dominance of some players in some sectors and empower citizens where they could through awareness, creative teaching, grant and others. February 22, 2023, 09:52:29 PM
According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
https://wir2018.wid.world/
What governments can do to make it more equitable?
https://wir2018.wid.world/
The government or rather those in authority can do nothing cos basically they are the cause of inequality to start with, let's take what happened in my country during the Covid period where the government had to hoard up the Covid palliatives from the masses that actually needed them while some sold them of and some of those palliatives end of spoiling. The government will always want wealth to be centered around them and they guard that circle with everything they can. A government where they masses are suffering and they stack away billions of money for a log time and it ends up decaying, money.
So you see the government can do nothing to stop inequality which they originated themselves
February 22, 2023, 07:44:38 PM
According to various studies and world inequality report 2018, large portion of world's wealth is concentrated in the hands of small portion of population, while the bottom 50% holds less than 2%. This distribution of wealth is highly unequal and cause of concern for many people, as it contributes to social and political unrest all over the world.
What governments can do to make it more equitable?
https://wir2018.wid.world/
What governments can do to make it more equitable?
https://wir2018.wid.world/
The government or rather those in authority can do nothing cos basically they are the cause of inequality to start with, let's take what happened in my country during the Covid period where the government had to hoard up the Covid palliatives from the masses that actually needed them while some sold them of and some of those palliatives end of spoiling. The government will always want wealth to be centered around them and they guard that circle with everything they can. A government where they masses are suffering and they stack away billions of money for a log time and it ends up decaying, money.
So you see the government can do nothing to stop inequality which they originated themselves
February 19, 2023, 04:12:39 PM
What governments can do to make it more equitable?
It's the governments that are in these 20%. Politicians are rich and often abuse power to gain more wealth. They won't do anything about the problem because they're a part of it. Without their laws the disparity wouldn't be so great in the first place.
It works like this: Rich people pay politicians directly or pay lobbyists to establish laws that favor them and give them more ways to make money. They become even richer than before and have even more money for bribes. Most of them are untouchable like those pharma companies that charge $2 million for a drug that cures SMA.
February 19, 2023, 03:33:45 PM
Several factors cause inequality and the balance of rich and poor is always skewed according to the 80/20 rule of reporting. Chance and luck? In fact, the richest people are not necessarily the most talented. Some people inherit property for generations, where they are transferred assets that, perhaps a small percentage. can be used to change the world into a better and fairer place? When they have enough talent (hard work, savings, intelligence, reasonable investment) comes with luck, perhaps
One of the most important reasons why many people are kept poor when this should not be the case is that in schools, despite the fact that most people will have to work for decades or for the rest of their lives, the topic of money management is never taught, people work all their life for money but then they spend it recklessly or in stuff they do not need and they need to keep themselves working, but if they were taught those skills then they could retire early or even join the rich, but obviously those at the top do not want this as this will reduce the amount of people buying their useless products. February 19, 2023, 02:38:34 PM
Like my country today the most wealthiest men are so call politicians,who lut government funds,use the name of poor people and lounge programs after taken all ur data when is time for payment they will collecte all the money and start there own business in most case that is what makes them more rich, example( 1)NG CARE, is a program design to help small and medium enterprise business to help boost their business,if beneficiaries are 75% people that will be given the opportunity will be 25% after taken there data our so call politicians will take 50% to make them self rich and wealthy,example(2)IFAD,NG,NDDC, is and agricultural program design to help farmers in comparting climate change and other natural rising of the sea to help them go back to there farming,this programs will be control by the so call politicians the benefits will not go to the common man thy will take all to them self and start there own farming with the public founds,then the poor people will now buy from there products and make them more rich and wealthy,not that if the have rage man is given such opportunity it can not use it well they can still do well also.
February 19, 2023, 11:06:27 AM
Problems like this will continue to exist because regardless of anything, even if there are no statistics, it's all been seen when socio-economic disparities are always visible, be it for each country or for each group within a country.
Things like this have always been an open secret, I think with the current conditions because if we look at the present when we see the difference between the rich and the poor, of course we already know where the rich are getting richer and the poor are getting poorer.
On the other hand, the mindset of the rich and the poor has actually been seen because even though not all but the average person who is indeed in the lower strata of their economic life will definitely always look for opportunities and hope instantly, even though in fact this is not possible, it is not uncommon to think that it always happens, it's different from rich people who sometimes think that they always look more advanced because they already understand and are taught from the start.
Regardless of whatever the basis is in terms of environment and teaching, this clearly distinguishes this so that the gap widens.
Things like this have always been an open secret, I think with the current conditions because if we look at the present when we see the difference between the rich and the poor, of course we already know where the rich are getting richer and the poor are getting poorer.
On the other hand, the mindset of the rich and the poor has actually been seen because even though not all but the average person who is indeed in the lower strata of their economic life will definitely always look for opportunities and hope instantly, even though in fact this is not possible, it is not uncommon to think that it always happens, it's different from rich people who sometimes think that they always look more advanced because they already understand and are taught from the start.
Regardless of whatever the basis is in terms of environment and teaching, this clearly distinguishes this so that the gap widens.
February 19, 2023, 09:35:39 AM
The accumulation of the assets is the reason for this report output.But the poor people from various developing countries was suffering lot for the foods and basic needs.This will be due to all the money was holding by fifty percentage of the total population.Remaining people only hold of 2% of the total money.So they suffer without livelihood.To short this out,the people of poor countries should do their graduation fully and start to earn from their job to fulfill their basic needs.
Social inequality is very widespread around the world, and it will be difficult to change. I read in one of the books, if I am not mistaken, the author was Robert Kiyosaki, so he wrote that if you take for a group of people and distribute the same amount of money to everyone equally, then after some period everything will return to its previous position, some of the people will accumulate funds, some will become poor and a middle class will appear.It is difficult to say why this happens, even if conditions are equal at the start. I guess it depends more on the person's education. From the ability to handle money, the ability to save and invest it so that it works and generates income.
And those who spend everything they earn are deprived of a chance to change something in life. If there are no savings and a person gets sick, then he will not even have money for treatment, then there will be debts and it is much more difficult to get out of this situation.
February 18, 2023, 06:55:18 AM
The accumulation of the assets is the reason for this report output.But the poor people from various developing countries was suffering lot for the foods and basic needs.This will be due to all the money was holding by fifty percentage of the total population.Remaining people only hold of 2% of the total money.So they suffer without livelihood.To short this out,the people of poor countries should do their graduation fully and start to earn from their job to fulfill their basic needs.
Lets just embrace the reality and this had been a common problem even into those early age on which money equality cant really be that possible considering that there would be always those people who would really be sitting in the top of the chain.The more the money they do have the more power and authority that they could gain which it isnt surprising.This is why as an ordinary person then you should thrive your
very best on finding various sources of income,. it doesnt matter if it would be in online or would be offline.
As long you could be able to handle and make yourself that sustain and survive on daily living.Dont mind about equality but rather mind your own.
February 18, 2023, 04:40:47 AM
I think the percentage of rich people in the world should even be lesser than 20%. If it were like 20% then the margin is not so distant like expected and these days with the crunch of hardship, the margin is getting wider. The economic downturn is not really affecting the rich because jobs are taking away from the poor while the rich is reinvesting the suppose salary of the poor whose job has been relieved off into other businesses because the rich is smart to take steps for the future that is filled with inflation also. This is the difference, the rich think of the future while the poor thinks of the immediate.
The upper class already have a lot business, they're also make a lot money from stupid poor and middle class, so it make them can expand their business become bigger and bigger.
It is true that the poor has a flamboyant life style to gain approval in the society but the rich really don't see a reason for that approval because they already seen above that. They know acceptance is not in appearance but what you were able to achieve.
The upper class already have a lot business, they're also make a lot money from stupid poor and middle class, so it make them can expand their business become bigger and bigger.
It is true that the poor has a flamboyant life style to gain approval in the society but the rich really don't see a reason for that approval because they already seen above that. They know acceptance is not in appearance but what you were able to achieve.
February 17, 2023, 10:22:57 PM
But, the fact is that we can't keep supporting these rich folks getting richer forever, we need to do something to close this wealth gap one day, otherwise there will be a few wealthy people and billions in poverty, and we are already getting there pretty quick. Tax the rich, and not just people, the companies too.
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