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Yo_Mama_Been_Loggin

(108,101 posts)
Mon Jan 20, 2020, 03:51 PM Jan 2020

World'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/

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World's billionaires have more wealth than 4.6 billion people (Original Post) Yo_Mama_Been_Loggin Jan 2020 OP
Greed is a disease. sarcasmo Jan 2020 #1
+1 moondust Jan 2020 #2
Wealth accumulation is not a right Fragment Jan 2020 #3
Addicts! Newest Reality Jan 2020 #4
How many are heirs moondust Jan 2020 #5
It ain't gettin' no better. ooky Jan 2020 #6
Remember, though, that money does not exactly equal wealth. Ron Green Jan 2020 #7

Newest Reality

(12,712 posts)
4. Addicts!
Mon Jan 20, 2020, 04:00 PM
Jan 2020

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.

ooky

(8,926 posts)
6. It ain't gettin' no better.
Mon Jan 20, 2020, 04:26 PM
Jan 2020

Perhaps the 4.6 billion people at some point may need to get together and fucking take it.

Ron Green

(9,823 posts)
7. Remember, though, that money does not exactly equal wealth.
Mon Jan 20, 2020, 05:01 PM
Jan 2020

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.

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