Worldwide economic inequality is looking rather bleak these days, according to a new report by relief organization Oxfam.
Oxfam's "Working For The Few" report looked at Credit Suisse's "Global Wealth Report 2013" and Forbes' list of the world's billionaires from 2013 to conclude that 1 percent of the global population controls half of the world's wealth.
The report also found that the world's 85 richest people own the same amount as the bottom half of the entire global population.
The ramifications of such inequality may be dire, the report suggests:
Oxfam calls on leaders gathered at the 2014 World Economic Forum in Davos, Switzerland, to tackle the growing inequality through multiple pledges, such as insisting on a living wage for companies they control, and by supporting progressive taxation.
This massive concentration of economic resources in the hands of fewer people presents a significant threat to inclusive political and economic systems. Instead of moving forward together, people are increasingly separated by economic and political power, inevitably heightening social tensions and increasing the risk of societal breakdown.THIS IS TOTAL UNADULTERATED SOCIALIST BULLSHIT.
HERE'S THE LIST (UPDATE: NOW IN COMMENTS).
MOST EITHER MADE THEIR MONEY THE OLD-FASHIONED WAY: THEY EARNED - STARTING WITH NOTHING BUT AN IDEA AND A FEW BUCKS, OR THEIR PARENTS DID.
THE ONES I AM SURE OF ARE HIGHLIGHTED IN RED.
I'M NOT SO SURE ABOUT THE FOREIGN ONE SO I LEFT MOST OUT; SURELY MANY ARE ALSO SELF-MADE BILLIONAIRES.
(THE ONES IN RUSSIA AND CHINA ALSO SURELY MADE THEIR FORTUNES IN THEIR OWN LIFETIME, BUT NOT WITHOUT THE CORRUPT PARTICIPATION OF THE AUTHORITARIAN REGIMES UNDER WHICH THEY LIVE,)
AND REMEMBER: THEY MADE TENS OF THOUSANDS OF OTHER PEOPLE MILLIONAIRES ALONG THE WAY.
THE FOUNDERS OF MICROSOFT AND GOOGLE AND ORACLE DID NOT IMPOVERISH THE PEOPLE OF THIRD WORLD WITH THEIR INGENUITY OR PRODUCTS, THEY MADE THE ENTIRE WORLD A BETTER PLACE.
PAINTING THESE RICH PEOPLE AS "THIEVES OF THIRD WORLD PROSPERITY" AND THE PERPETRATORS OF GROSS "GLOBAL INCOME INEQUALITY" IS NOTHING MORE THAN A LEFTIST LIE MEANT TO STOKE UP CLASS HATRED AND INCREASE COVETOUSNESS AND FUEL THE URGE TO TAKE AWAY THE FRUITS OF LABOR OTHERS HAVE EARNED, IN ORDER TO GIVE THEM TO PEOPLE WHO DID NOT EARN THEM.
THE IMPOVERISHED PEOPLE OF THE THIRD WORLD NEED INDUSTRIALIZATION IF THEY ARE TO EVER CLIMB UP OUT OF THE DEPTHS OF POVERTY, NOT HANDOUTS.
IT WORKED FOR US; IT CAN WORK FOR THEM.
SADLY, THE SAME LEFTIST PROPAGANDISTS WHO SPEW FORTH SHIT LIKE THIS ABOUT THE 85 RICHEST PEOPLE IN THE WORLD ALSO SPEW FORTH THE INSANE BULLSHIT ABOUT GLOBAL WARMING AKA THE IMPENDING CLIMATE CHANGE CATASTROPHE, AN INSANE LIE THAT'S RETARDING INDUSTRIAL DEVELOPMENT AND DRIVING UP THE COST OF ENERGY AND FOOD - WHICH HURTS POOR PEOPLE THE MOST.
IF WE REALLY WANT TO MAKE GLOBAL POVERTY HISTORY, THEN WE NEED TO MAKE SOCIALISM AND CO2PHOBIA HISTORY.