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Topic: Just 8 men own same wealth as half the world (Read 5136 times)

newbie
Activity: 31
Merit: 0
it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They should stop making babies.. Don't ya think?

Your post may be sarcastic, but in reality this is the best solution. Look at Sub Saharan Africa. The people are having 10-15 children each, and then they ask the Western nations to send them food aid saying that they can't feed their children.
A lot of refugees now hide behind children to get an allowance and a residence permit in Europe. I believe that their assistance to such people the West is provoking the growth of such dependents.
full member
Activity: 168
Merit: 100
looking at the 8 people at the top should restore faith in humanity. They are not royals nor having great hereditary wealth. Almost all of them built from scratch. They were all stories of entrepreneurship. All of them were first generation entrepreneurs [at that scale].

While Buffett and Slim were beneficiaries of business minded parents, the others were stories of great struggle of people with no business background building first generation enterprises. Some were sons of book keepers, railway workers, lawyers and dentists. Others like Bezos and Ellison [like Jobs] endured tumultuous childhood due to unprepared/unqualified biological parents.

They all depict human struggle and the will to overpower them. A large chunk of these guys are great philanthropists who gave away far, far more wealth than their critics had seconds in their life.

In short, there is nothing obscene or scary or wrong about it.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They should stop making babies.. Don't ya think?

Your post may be sarcastic, but in reality this is the best solution. Look at Sub Saharan Africa. The people are having 10-15 children each, and then they ask the Western nations to send them food aid saying that they can't feed their children.
newbie
Activity: 3
Merit: 0
The problem with these types of people is that they slow the velocity of money.
member
Activity: 119
Merit: 100
Horror Movie Phreak
it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They should stop making babies.. Don't ya think?
legendary
Activity: 1666
Merit: 1285
Flying Hellfish is a Commie
The problem with a lot of this money is that it's all on paper, it can't be liqudiated and if the people who owned shares of the companies tries to liquidate their shares in the portfolio of companies they own it would cause an insane amount of panic. Causing the share price to plummet and their wealth to decrease -- unless people were buying all these shares up at market price.

First of all, the statement by Oxfam is a blatant lie, and they are distorting the facts. But I am not surprised, as the liberal media outlets never tell the truth. They have made their statement, to sound like "8 men own half of all the wealth", which is false (they own around 0.1%).

This too, welcome to the MSM and what they try to do in order to paint a horrible picture to the rich and the elite in the countries in a way to get people to turn against them. Always bothers me that companies do this that are owned by the elite too-- like aren't you being counterproductive.

And anyway, so what?
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
These people worked very hard and their condition is the result of their labors. We need to take an example from them. You can not approach the ocean of possibilities with a teaspoon and be content with the small when the whole world is at your feet.

Yes. Some of these inherited their wealth, but most of them worked hard to become rich. You need a combination of luck and hard work to become rich. Only 0.0000001% of the people will be blessed with this unique combination.
legendary
Activity: 2464
Merit: 1145
First of all, the statement by Oxfam is a blatant lie, and they are distorting the facts. But I am not surprised, as the liberal media outlets never tell the truth. They have made their statement, to sound like "8 men own half of all the wealth", which is false (they own around 0.1%).

What? The reports starts with the main message:

Quote
Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity,

How the hell are you able to misread this except you only read the title Roll Eyes
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
First of all, the statement by Oxfam is a blatant lie, and they are distorting the facts. But I am not surprised, as the liberal media outlets never tell the truth. They have made their statement, to sound like "8 men own half of all the wealth", which is false (they own around 0.1%).
hero member
Activity: 1722
Merit: 528
Not all of these kind of man are in the place where they started to rugs. Some of them, or maybe most of them really has a good and rich families at that time making good money from the companies. And reading that 9 billionaires are holding money the same as the half of the poorest of the planet, that is really unfortunate.
hero member
Activity: 1022
Merit: 564
Need some spare btc for a new PC
Well what else would you do if you had that amount of money than earning more money... TBH i have no problem with them owning that much of a wealth, tho it's mostly possible that they weren't doing that clear of business, they've invested, risked and earned. When I hear people crying about topics like these, they're mostly commies...
legendary
Activity: 2366
Merit: 2054

it is true only 8 richest man, and there are a quarter people on earth who live in poverty.

They are poor because they were producing dozens of children each, rather than concentrating on education. Even if the super-rich donates a part of their fortune to these people, they will return to poverty after a short while. There is only one permanent method to end poverty - family planning.

Oh ok, this dumb...
Sure sure sure, I mean clearly if there is not a single Kenyan who's a billionaire, it's just because they chose to not work and study at school. Clearly it's THEIR fault, we were all born equal and those are just stupid enough to go up.
You're ignored, I'm tired of your stupidity. You don't deserve anything but to go back to school...

for anyone?, we are born equally be human but inequality of education and human resources to educate very much different. I once read a book from Paolo Freire, education that can be understood by means of dialogue, and try to teach appropriate that is around, no to memorize and save the science in the brain like style savings in Bank, because neurosis  bring up memories randomly. Bitcointalk such as forums, we discuss to determine and finalize a conservative paradigm, providing information about cryptocurrency and information politic & society on subforum. whereas you garbage postmodernism, can only judge without giving good advice. I'm going back to school, but my school does not have a concrete building, and the enemy is the best teacher :-).
newbie
Activity: 46
Merit: 0
These people worked very hard and their condition is the result of their labors. We need to take an example from them. You can not approach the ocean of possibilities with a teaspoon and be content with the small when the whole world is at your feet.
hero member
Activity: 1246
Merit: 588
I don't envy because everyone will die empty-handed...

Well, still for now you are at some point in which you envy them even a little. Unless you are some sort of a rich person as well (then envying them won't be atleast an option) but if you are just like us making small time earnings just to live then probably envying sometimes are part of our life. Tho we can achive that one as well in god's will
hero member
Activity: 762
Merit: 500
I don't envy because everyone will die empty-handed...

What is the problem with that? They will enjoy a life of luxury, dining out in the finest restaurants, sipping super-expensive wine. They will be able to access the most advanced healthcare treatment and will live to an average age of 90 to 100 years.
No problem at all, they live their lives the way they want. Like I said, idk......
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
I don't envy because everyone will die empty-handed...

What is the problem with that? They will enjoy a life of luxury, dining out in the finest restaurants, sipping super-expensive wine. They will be able to access the most advanced healthcare treatment and will live to an average age of 90 to 100 years.
hero member
Activity: 762
Merit: 500
I don't envy because everyone will die empty-handed...
hero member
Activity: 1246
Merit: 588
Exactly, i don't know if what type of user he is but usually a normal person is satisfied with the microsoft OS and aside from that they are widely known as well for their ms office it is i guess the most widely used editing type. They have actually a good products and that is why they are still on the market right now as well as the founder.

I have used various operating systems including Windows, IOS, Fedora, and Ubuntu. I found Windows the most user friendly. For tech savvy people, Ubuntu may be better, but the vast majority of the remainder is going to chose Windows.

This is quite an outlier case.  I've never seen a client wish to return to a windows environment after having a non-backdoored system, mostly just because it winds up being faster and easier to use.  This is for folks of little to no technical ability. 

People "choose" windows because it comes preinstalled and nobody has told them a much easier and more functional option exists.  Who would tell them?  There's no advertising or company to say anything.  You have to be lucky enough to have somebody in your life who knows something about computers. 

Well, that was before however now i can see most of the computers being sold in our place has now a Ubuntu linux operating system. Yet people still wants to reformat it becausw they use to it and you are right this is good for not on the development side of the computer
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
Not reason to envy them, as because first this is a sin, and because this money did not fall from the sky (except maybe for Middle-Eastern princes, whom money rise from the soil). All of them had a genius though, or their father had it. Thus, they merit their money.

Yes. That is the point. But the socialists want their wealth to be confiscated and distributed to the slum dwellers. It never work. The same tactic was tried in countries such as Venezuela, Cuba and North Korea. Look at the state of these countries now.
hero member
Activity: 588
Merit: 500
Gloire à la Victoire !
Not reason to envy them, as because first this is a sin, and because this money did not fall from the sky (except maybe for Middle-Eastern princes, whom money rise from the soil). All of them had a genius though, or their father had it. Thus, they merit their money.
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