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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWorld's billionaires have more wealth than 4.6 billion people
The world's 2,153 billionaires have as much wealth as 60% of the world's population, or 4.6 billion people, Oxfam says.
The number of billionaires has doubled in a decade as income and wealth inequality has widened, the anti-poverty group says.
The richest 22 men in the world including Jeff Bezos and Bill Gates own more wealth than all the women in Africa, Oxfam found.
Wealth inequality is growing to bigger extremes, with the world's 2,153 billionaires now claiming as much wealth as 60% of the world's population, or 4.6 billion people, according to a new report from anti-poverty group Oxfam.
https://www.cbsnews.com/news/worlds-billionaires-have-more-wealth-than-4point6-billion-people-oxfam-report-today-2020-01-19/
sarcasmo
(23,968 posts)Fragment
(68 posts)It is a privilege; it is past time to seriously discuss a wealth ceiling.
Newest Reality
(12,712 posts)When you actually pause to consider the amount of pain, loss, suffering, hunger, discomfort, disease, crime, drugs, etc. that is directly related to poverty that often stems from inequality, you get a sense of the compassion that evokes in you.
We live on a planet. We are a species. We are born, grow old, get sick and we die. We suffer in a myriad of ways. We talk about being a rational, intelligent species. Yet, how many of us can open our hearts and minds to the kind of needless suffering that occurs and could be soothed, mitigated, dissolved? I am not being idealistic, but look where the attention and our resources are going. And for what?
In my view, greed is about addiction. Just like drugs, sex, or the host of things that humans can become attached to and crave incessantly. We are dealing with the enabling of wealth addicts for no other reason then that our culture has falsely bought some sort of merit in their wealth that makes them somehow more important, superior and valuable as sentient beings than an senior dying in a bed with cancer or little, innocent children who are going to bed very hungry, trying to sleep while their tummy's rumble.
I don't think our Constitution would agree with some assumed right to be so wealthy that you could not spend all your money in a hundred incarnations while, at the same time, people go without even the basics needed for survival or in order to thrive.
That's just not acceptable. It is not reasonable. Enabling addicts has never been a good idea in any sense. More is not enough for them.
moondust
(20,001 posts)who will never do an honest day's work in their lives?
ooky
(8,926 posts)Perhaps the 4.6 billion people at some point may need to get together and fucking take it.
Ron Green
(9,823 posts)Strong neighborhoods, good relationships, arable land, reliable tools - indicators of real wealth are more important in an immediate sense than the claims made upon real wealth by Wall Street.
If we had a moral economy, we'd talk about something other than the GDP to measure the wealth of our society.