"Oxfam international said that... I don't know the exact figures but simple logic dictates that it certainly can easily be true. Think about it, most people in the world are poor, which means they have little to no net worth.
If Bezos has a net worth of 200 billion and each of these 4 billion people have 50 dollars in net worth, then you're already there. 50 dollars in net worth is not an outrageous number given that many Americans have negative net worth and little to no savings to speak of.
I don't know how much the top 8 are worth, but let's say it's 1 trillion. That means that the 4 billion are worth 250 dollars. Yeah that's plausible.
By the way even if you make 100,000 a year in the US you can have a net worth of 0 or negative net worth depending on what your savings/investments and liabilities are, which is often the case."
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1.
Cole 3 year s ago
And these are why we don't let high-schoolers vote: the road to hell is paved with good intentions.
Learn the difference between net wealth and usable income; why higher taxes create less government income (gaffer curve); why minimum wage will always be unlivable and that 95% of people only receive it while being a dependent; that the share of wealth is changing because people are living longer; that the majority of the homeless want to be there, and most of the others require involuntary psychiatric treatment.
Learn the difference between net wealth and usable income; why higher taxes create less government income (gaffer curve); why minimum wage will always be unlivable and that 95% of people only receive it while being a dependent; that the share of wealth is changing because people are living longer; that the majority of the homeless want to be there, and most of the others require involuntary psychiatric treatment.
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Harman 3 year s ago
Cole, Facts, all.
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3.
Art 3 year s ago
Cole,
lol want to cite some sources for your right-wing fantasies.
lol want to cite some sources for your right-wing fantasies.
0
4.
Quillie 3 year s ago
Art,
Liberals always have trouble with facts and reason.
Liberals always have trouble with facts and reason.
0
5.
Cinderella 3 year s ago
#2 yeah um, those guys have that money because they have businesses which are paying customers, keeping manufacturing, processing, and delivery services alive, and have stores with jobs.
Welfare mom is a net loss, they use without producing for the economy.
Welfare mom is a net loss, they use without producing for the economy.
5
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Claire 3 year s ago
Cinderella,
Average yearly cost of ALL welfare programs is about $3,000 per person in the US.
Average yearly cost of tax breaks for the rich is about $7,500 per person in the US.
Average time someone stays on welfare before returning to economic productivity < 3 years.
Average time rich people continue to receive massive tax breaks: TBD.
Your politicians have been bought (both Republican and Democrat). The system is stacked against the middle and lower classes, and has been since 1980 (with around $50trillion that would have gone to the lower classes being moved to the 1% since then.)
Average yearly cost of ALL welfare programs is about $3,000 per person in the US.
Average yearly cost of tax breaks for the rich is about $7,500 per person in the US.
Average time someone stays on welfare before returning to economic productivity < 3 years.
Average time rich people continue to receive massive tax breaks: TBD.
Your politicians have been bought (both Republican and Democrat). The system is stacked against the middle and lower classes, and has been since 1980 (with around $50trillion that would have gone to the lower classes being moved to the 1% since then.)
1
7.
Pam 3 year s ago
Claire, Incorrect. You make the assumption that welfare is limited to simply food stamps and/or housing. In actuality, Medicare, Medicaid & CHIP, Income Security, and Social Security are actually a part of what's called Mandatory Spending, because Americans want benefits but don't want to pay for anything. In 2019 alone this amounted to 2.3 trillion dollars. The lower and higher income brackets actually benefit the leasr from all of the entitlement programs in the U.S.; the bulk of the money goes to the middle class.
Suprise! You've been the "evil elites" the whole time.
Suprise! You've been the "evil elites" the whole time.
3
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Muriel 3 year s ago
Claire,
There is no "cost" to a "tax break." The money does not belong to the government...it belongs to the person who earned it. The total share of taxes paid by "the rich" has been going up, not down. We do not have a revenue problem, we have a spending problem.
There is no "cost" to a "tax break." The money does not belong to the government...it belongs to the person who earned it. The total share of taxes paid by "the rich" has been going up, not down. We do not have a revenue problem, we have a spending problem.
5
9.
Vannie 3 year s ago
I’m sorry is this The Daily Worker or izismile? You Russians still commies ?
0
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Midge 3 year s ago
so much wrong with these half truths. ill address that homelessness is never going away. otherwise those charity programs and govt programs would cease to exist which will kill 1000s of jobs. so fed employers dont want that.. also you cant stick everyone in an aircraft carrier. remember when they tried to build Chicago projects?
2
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Relief 3 year s ago
If you counted to 1 million with one number every second, it would take you just over 11 1/2 days. That's a long time to count, right? If you counted to Jeff Bezos net worth (currently 193.6 billion) it would take you over 6,139 goddamn years.
0
12.
Loren 3 year s ago
Wealth is on a power curve. No matter what you do, there is always somebody with LOTS more than the median and a loooong tail with very little. The reason the rich are SO rich is that the median is more wealthy than ever before in human history.
2
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Lainie 3 year s ago
Loren,True. So many people in the developed world have no clue how well off and protected they really are and how good they have it. For example, what's considered middle class in Venezuela would be ranked as poor in the USA. Unfortunately too many people in wealthy countries don't have a clue of how good they have it and of the incredible opportunities they have at their disposal and instead have been indoctrinated to believe they live in a horrible terrible place. How very unfortunate. If they only knew they live in the best of all possible places not only now but compared to any point in human history. The age of Idiocracy.
4
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Delf 3 year s ago
Taxation is theft.
Statism: The most dangerous cult in existence,
and the one with the highest body count by far.
Statism: The most dangerous cult in existence,
and the one with the highest body count by far.
3
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Demaris 3 year s ago
#9 you have to factor in ex wives, do that and your broke after the 3rd one.
now justify the reason a woman gets to take half or your stuff but you get 0 of her stuff..........................when "SHE" files for divorce?
#7 there are ~ 330,000,000 + firearms in the US, in 2019 there were 39,707 deaths caused by firearms
this means that of the 39707 people killed with a firearm only 0.012032424% of the firearms were used
that also mean that 99.987967576% of the firearms weren't used to kill anyone
in the hand of the public in the US, guns have a 99.981% safety record
now justify the reason a woman gets to take half or your stuff but you get 0 of her stuff..........................when "SHE" files for divorce?
#7 there are ~ 330,000,000 + firearms in the US, in 2019 there were 39,707 deaths caused by firearms
this means that of the 39707 people killed with a firearm only 0.012032424% of the firearms were used
that also mean that 99.987967576% of the firearms weren't used to kill anyone
in the hand of the public in the US, guns have a 99.981% safety record
2
16.
Wyncha 3 year s ago
I love how everything one thinks they know everything by doing a Google search.
1
17.
Alverta 3 year s ago
So this place is turning into commie central. Just like the US I guess.
Learn the difference between net wealth and usable income; why higher taxes create less government income (gaffer curve); why minimum wage will always be unlivable and that 95% of people only receive it while being a dependent; that the share of wealth is changing because people are living longer; that the majority of the homeless want to be there, and most of the others require involuntary psychiatric treatment.
lol want to cite some sources for your right-wing fantasies.
Liberals always have trouble with facts and reason.
Welfare mom is a net loss, they use without producing for the economy.
Average yearly cost of ALL welfare programs is about $3,000 per person in the US.
Average yearly cost of tax breaks for the rich is about $7,500 per person in the US.
Average time someone stays on welfare before returning to economic productivity < 3 years.
Average time rich people continue to receive massive tax breaks: TBD.
Your politicians have been bought (both Republican and Democrat). The system is stacked against the middle and lower classes, and has been since 1980 (with around $50trillion that would have gone to the lower classes being moved to the 1% since then.)
Suprise! You've been the "evil elites" the whole time.
There is no "cost" to a "tax break." The money does not belong to the government...it belongs to the person who earned it. The total share of taxes paid by "the rich" has been going up, not down. We do not have a revenue problem, we have a spending problem.
Statism: The most dangerous cult in existence,
and the one with the highest body count by far.
now justify the reason a woman gets to take half or your stuff but you get 0 of her stuff..........................when "SHE" files for divorce?
#7 there are ~ 330,000,000 + firearms in the US, in 2019 there were 39,707 deaths caused by firearms
this means that of the 39707 people killed with a firearm only 0.012032424% of the firearms were used
that also mean that 99.987967576% of the firearms weren't used to kill anyone
in the hand of the public in the US, guns have a 99.981% safety record