World's eight richest people have same wealth as poorest 50% (user search)
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  World's eight richest people have same wealth as poorest 50% (search mode)
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Author Topic: World's eight richest people have same wealth as poorest 50%  (Read 2555 times)
RINO Tom
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Posts: 17,025
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Political Matrix
E: 2.45, S: -0.52

« on: January 16, 2017, 08:05:53 PM »

Nice, reasonable conclusion, guys.  The answer is that capitalism has gotta go!!
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RINO Tom
Atlas Icon
*****
Posts: 17,025
United States


Political Matrix
E: 2.45, S: -0.52

« Reply #1 on: January 17, 2017, 10:20:41 AM »

Uh... am I missing something in this thread? Most of the poorest 50% of the planet are not living in first world capitalist countries, but in fake socialist economies where corruption and nepotism rule the roost. In which Western capitalist country does the average person have $118 worth of savings? Maybe we should blame the idiotic politicians in most of these countries, instead of rich people?

Also, you do realize that most of the people grouped in that top 50% have little education, because they drop out of school to work on a subsistence farm, and so have no opportunity to obtain a job they would be able to accumulate savings?

Excellent post. You are my new favorite forum dem.
That signature though...  "excess profits"Huh

Not sure what an excess profit is, much less what genius gets to decide the cutoff.
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