Topic: Richest 2000 People richer then poorest 4.6 billion - page 4. (Read 1323 times)

In the understanding of people that isn't open with investments and volatility, bitcoin isn't fair for them. Let's just admit that they can't go along with the risk that bitcoin brings. I can't understand about division of cryptocurrency to the whole world.
This is real internet money and this isn't free so why there's a need to divide it?

Poverty is really destroying the life of many and it’s sad that the world is not doing much to stop it.
Most people are just interested in filling their pocket and nothing else, they are just greedy. If only people, especially the rich and the government, will start creating lots of jobs for people to support the poor.

There are lots of other ways that we can reduce poverty and the number one is to create jobs. Some think that by tipping a beggar by the roadside they have done much, when they know that the penny they drop will only be spent on food and nothing else.

2% of people hold the possession of 98% of all assets in that world which is what I read many times on different platforms but this is not about economic inequality this shows how people are stupid enough to work as labour in the name of salaried person for their life time and follows it for generations.

Absolutely no! There is no more chance to have equity in this world. Richest people will always want to be rich and in result poor employees are staying in an over time and under paying job. Even bitcoin will not solved this problem because elite will make away to get a pace in normal people.

There are people saying that the world is simply reverting to the norm. According to this theory the rise of the middle class and the greater socioeconomic equality of the past decades was the result of WW2 decimating the rich. After the war the governments also had a more interventionist approach to businesses.

I don't think that bitcoin can solve this issue, the population of the world is about 7 billion people and there's already 18,177,337  bitcoin's in the circulation right now, and there's only 21 Bitcoin in this world, imagine 21 million people hold 1 bitcoin each while the rest population will get nothing so I can say it's not fair divided. However bitcoin is a deflationary currency meaning that its value will be soar, so in the future even if people holding some satoshis they can support their life with it.

If you are talking about the distribution of wealth you cannot expect that to be fair if you are lazy. The richest did not get their wealth handed out to them, they earned with their brilliant innovation which changed the market, the problem is that majority are looking for someone to give them the wealth distributed equally and that is not going to happen and BTCitcoin is not here to distribute wealth equally.

The main idea against these kinds of things to happen has always been higher taxation of richness, not just people but companies as well. If you tax the super wealthy companies that deal in billions of dollars of profit and people who do have billions of dollars (and their profits as well) and helped out the people who actually need it, you could actually balance it after a while.

Think about all these 2000 people and their companies paying double and even triple their current taxes and think of that money going for healthcare, education and welfare, that would change the situation very quickly, people who are poor right now would be able to give their kids a better life and those kids would become white collar middle income people very quickly, that is why making billions of dollars in profit should be encouraged, it is a good thing, as long as you also pay taxes to help out others as well.

My initial thoughts about this is that, if we could have the information about their sum total net worth in cryptocurrency, would it be possible to lift the rank of the 4.6 billion poor people and to make our world better with people having same financial status? I've came up to a conclusion that without the poor people, completion of many tasks will not be possible, as the person that are responsible for maneuvering the development are those that is included in the top 2000 people, both rich and poor needs to work hand in hand for us to have a working environment.

No, I don't think that's a good idea. How can you share your hard earned wealth with so many people doing nothing? If you were the one who spent your youth trading bitcoin and got 1,000 bitcoins, then the government forced you to divide your assets, would you accept this fact?
I am not saying we are selfish, but the rich also have to shed blood to get their success now. so they deserve their power now. Although I am poor, I understand that a society should not have such a division of wealth, it will make the whole society become lazy. Nobody wants to work and wants to try for something else.

I absolutely believe that--these modern feminists think women have it bad in the US, but compared to 3rd world countries they live like queens for all sorts of reasons.  Things might not be absolutely perfect for them in 1st world countries, but it's all a matter of perspective.

But as far as this statistic goes, it seems to divide the world into rich/poor binary categories, and that's not an accurate way to describe people's financial status.  Sure, there might be ultra-rich individuals who account for a lot of the world's wealth, but that doesn't mean everyone below them is "poor". 

I also have no resentment toward those ultra-rich folks.  In most cases they've earned everything they have, and I respect that greatly.  Some of those rich people have inherited their wealth, but who cares?  It's always been that way, and it doesn't mean life is crappy for the rest of us who don't have all that money.

That's the reality of our world economy, poor will always remain poor and rich will get more wealth, in comparison to the world asset you might find the disproportion between the poor and rich society, when you say about the women's ration in the world asset then you will get astonished at see the difference level, but the scenerio is being changed and women empowerment is becoming a crutial part of the modern community, I don't think that Bitcoin and cryptocurrency will remove the dispropportion of the wealth because it has already divided into two parts.

Every day quality of richest person always increase and look up because many people try to make anything better at the future and have many chance profit with their company and become richest person, I think with many richest person around the world give chance for other to get working with their project and company to be better and ear salary every month.

if quantity of rich people increases, it would normally meaned that world is growing financially. but unfortunately it is not. it is also similiar story for bitcoin. but i think it is because market is so new. and after a while it will be better in crypto.

Bitcoin has changed a lot of people's life, ever bsince it's creation ten years ago, I think the data is very much different from the monetary data, only few people in every country, owns the vast resources of  a particular country, if people who are averaged income will discover Cryptocurrency this early they will have a chance to change their life for the better.

That's blasphemy!
I mean, yeah it's true that, for example, the Winklevoss hold 1% of all the coins while Jeff Bezos only holds 0.05% of the assume wealth and unlike the 1% of the population holding half of the wealth 0.06% hold 2/3 of all the coins, but.. but ...but...
I don't know what's with bitcoin that triggers a wave of socialism and makes people think that it will be some kind of wealth redistribution and the rich will be burned at stake, in reality they will just get richer, nothing will change.


And what will bitcoin solve that a more stable currency won't?
You're thinking of personal finances that can be solved with an investment compared to macroeconomics.

Do you think the economy of Venezuela will be saved once they will turn to bitcoin? No, it will be a prolonged disaster, they will run into the same problems Greece was facing because they were using the euro. Venezuelans will be forced to pay for things in an ever-increasing currency in terms of $ while their production stays the same. It will be like overinflating your own currency and take a look at how every country in this world is afraid of it, from the US to China to Switzerland.
Unfortunately for countries facing economic crisis bitcoin is like adding poison, the ones that can take advantage of it are countries with very stable economies that don't primarily rely on either exports or tourism.


And from time immemorial people have tried to redistribute wealth ending with the rich getting a bit poorer, the middle class wiped out and the poor on the deathbed. Witnessed myself one of those, don't really a fan of it.

Yes I also think loaning money comes with a lot of risks included, what if you don't have money to pay it back?
Then you are screwed for a long time plus the cost of the loan are to much, and a bank can loan you money while they dont even actually have it.
That's why in Islamic banking taking interest is forbidden, which is quite interesting.

And I agree people with a lot of money have way more opportunity to create their own succesfull business that's why a lot of the women of rich men have their own business.

Its actually something that have been in place since time immemorial. The wealth distribution is like a pyramid that the higher you go, the fewer the number of people there and it has been like that. While the gap continues to gets wider, it is also does not mean that the entire world is leaving in abject poverty and also worthy of note is that majority of people in the richest bracket are much more involved in charity than anyone else and some of them have even in their private capacity being responsible for the eradication of disease in developing countries such as polio, cholera etc. As far as those people are not cheating people for the accumulation of their debt, then its fine to amass such.

There's nothing as instant in this world. Everyone should work hard to earn something or to have something for himself. They should learn more about cryptocurrency and don't rely in the government to give them what they want. Sometimes it is necessary to seek help, but what if there's an opportunity but you're so lazy to grab it. So my suggestion is to think of something that will help you to get out of poverty. Try to invest in some altcoins to have some small profits. The solution for poverty is hard-work and patience, government has nothing to do with your money. That's why many people are poor and not rich.

 '80% of the world's wealth are owned by 20% of the world's population '. This is just an estimate but you get the gist.  So, the remaining 20% of wealth is shared by 80% of the world. It all looks like it will continue this way. Don't think crypto will make it better. It could even make it worse because it is the majority holders of wealth that influences crypto market  most.