Billionaires Made So Much Money Last Year They Could End Extreme Poverty 7 Times
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
March 28, 2024, 04:58:37 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  Billionaires Made So Much Money Last Year They Could End Extreme Poverty 7 Times
« previous next »
Pages: [1]
Author Topic: Billionaires Made So Much Money Last Year They Could End Extreme Poverty 7 Times  (Read 2667 times)
The world will shine with light in our nightmare
Just Passion Through
Atlas Legend
*****
Posts: 45,174
Norway


Political Matrix
E: -6.32, S: -7.48

P P P

Show only this user's posts in this thread
« on: February 17, 2018, 09:13:08 PM »

Quote
You must be logged in to read this quote.
Time
Logged
Kingpoleon
Atlas Star
*****
Posts: 22,144
United States


Show only this user's posts in this thread
« Reply #1 on: February 17, 2018, 10:17:44 PM »

Judging people for the amount of money they donate towards charity and ending poverty is wrong. /Controversial
Logged
Ban my account ffs!
snowguy716
Atlas Star
*****
Posts: 22,632
Austria


Show only this user's posts in this thread
« Reply #2 on: February 18, 2018, 12:54:27 AM »

Money is currency.. power... if they directed their money at producing poverty alleviating implements (infrastructure in poor places, better food production and distribution, education, etc) then that's great.

But the way we measure wealth is kinda flawed.  We just assign numbers to people.  Always remember we are really only worth what we actually produce as a species and where that produce goes shows how efficient we are.

It's obvious we can't all be billionairies tomorrow unless we just worthlessly inflate the number of our money.

So this statistic is mostly pointless, even if inequality is incredibly more than it should be.  We should focus on actual poverty reduction like ensuring proper nutrition, shelter, and education opportunities to the poorest among us.
Logged
🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,665
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW Show only this user's posts in this thread
« Reply #3 on: February 18, 2018, 01:58:54 AM »

Extreme poverty could be eliminated with the equivalent of giving a billion people 30 cents per day?   That's impressive if true.
Logged
Ban my account ffs!
snowguy716
Atlas Star
*****
Posts: 22,632
Austria


Show only this user's posts in this thread
« Reply #4 on: February 18, 2018, 02:55:39 PM »

Extreme poverty could be eliminated with the equivalent of giving a billion people 30 cents per day?   That's impressive if true.
When you already live on $1/day... a 30% increase would be a huge boon.  especially if some of that money is pooled and spent on increasing food, education, and infrastructure.

But, knowing you, you wouldn't get that through your thick skull.
Logged
🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,665
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW Show only this user's posts in this thread
« Reply #5 on: February 18, 2018, 07:55:18 PM »
« Edited: February 18, 2018, 08:00:03 PM by shua »

Extreme poverty could be eliminated with the equivalent of giving a billion people 30 cents per day?   That's impressive if true.
When you already live on $1/day... a 30% increase would be a huge boon.  especially if some of that money is pooled and spent on increasing food, education, and infrastructure.

But, knowing you, you wouldn't get that through your thick skull.

You are confusing short term and long term solutions, meanwhile assuming everyone under the definition of extreme poverty is right under the line (and not living on, say, 40 cents/day).  Glad stupid ol me could be here to point that out to your unparalleled brilliance.

If you don't have anything informed to say, don't pretend you know what you are talking about just to try to make some lame insult.
Logged
Ban my account ffs!
snowguy716
Atlas Star
*****
Posts: 22,632
Austria


Show only this user's posts in this thread
« Reply #6 on: February 19, 2018, 12:00:10 AM »

Extreme poverty could be eliminated with the equivalent of giving a billion people 30 cents per day?   That's impressive if true.
When you already live on $1/day... a 30% increase would be a huge boon.  especially if some of that money is pooled and spent on increasing food, education, and infrastructure.

But, knowing you, you wouldn't get that through your thick skull.

You are confusing short term and long term solutions, meanwhile assuming everyone under the definition of extreme poverty is right under the line (and not living on, say, 40 cents/day).  Glad stupid ol me could be here to point that out to your unparalleled brilliance.

If you don't have anything informed to say, don't pretend you know what you are talking about just to try to make some lame insult.
lol.... smh

Logged
🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,665
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW Show only this user's posts in this thread
« Reply #7 on: February 19, 2018, 11:08:38 PM »

Extreme poverty could be eliminated with the equivalent of giving a billion people 30 cents per day?   That's impressive if true.
When you already live on $1/day... a 30% increase would be a huge boon.  especially if some of that money is pooled and spent on increasing food, education, and infrastructure.

But, knowing you, you wouldn't get that through your thick skull.

You are confusing short term and long term solutions, meanwhile assuming everyone under the definition of extreme poverty is right under the line (and not living on, say, 40 cents/day).  Glad stupid ol me could be here to point that out to your unparalleled brilliance.

If you don't have anything informed to say, don't pretend you know what you are talking about just to try to make some lame insult.
lol.... smh



Discussing this with you has been almost as constructive as an aid worker spending his time and resources soliciting prostitutes. Thanks.
Logged
Ban my account ffs!
snowguy716
Atlas Star
*****
Posts: 22,632
Austria


Show only this user's posts in this thread
« Reply #8 on: February 20, 2018, 12:35:34 PM »

That’s 2 lame insults and nothing informed about the topic from you!  You should take your own advice, Shua.
Logged
🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,665
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW Show only this user's posts in this thread
« Reply #9 on: February 21, 2018, 12:08:03 AM »
« Edited: February 21, 2018, 12:10:05 AM by shua »

That’s 2 lame insults and nothing informed about the topic from you!  You should take your own advice, Shua.

I'm not the one who randomly decided to pick a fight in this thread for no discernible reason, now am I?


I try to leave you alone since I know you have some weird thing about me, but if you can't control yourself in any thread I post in, please put me on ignore.
Logged
All Along The Watchtower
Progressive Realist
Atlas Icon
*****
Posts: 15,426
United States


Show only this user's posts in this thread
« Reply #10 on: February 21, 2018, 04:37:05 PM »

The ability to be a "billionaire" should be abolished.
Logged
Stand With Israel. Crush Hamas
Ray Goldfield
Junior Chimp
*****
Posts: 7,613


Show only this user's posts in this thread
« Reply #11 on: February 21, 2018, 05:09:01 PM »

The ability to be a "billionaire" should be abolished.

Multiple countries have tried. Not a single one of them is currently a functioning democracy, and only a few could even be classified as functional states.
Logged
john1565
Rookie
**
Posts: 22
United States


Show only this user's posts in this thread
« Reply #12 on: February 24, 2018, 07:33:39 PM »

Everyday, it appears that Oxfam proves once again that it has literally no idea how poverty works or how to get people out of it.

Why you think so? At least we could get rid of extreme poverty
Logged
Meclazine for Israel
Meclazine
Atlas Icon
*****
Posts: 13,660
Australia


Show only this user's posts in this thread
« Reply #13 on: February 25, 2018, 09:22:55 PM »

Having worked in West Africa, I personally noticed two things.

1. The majority of help comes from a few institutions of merit in helping your common African villager: The US Peace Corps and private banks (Bank from Luxembourg for example) working there.

2. You cannot end extreme poverty in these poor countries. They will find a way to corrupt your money to keep the dirt poor......dirt poor.

You cannot give these poorest countries money to build a road network or sewerage system in a city when the country has no graduating engineers, skilled labour or equipment to do so.

You have to import everyone and the money to do it. So engineering projects are expensive because you have very little basic infrastructure.

The US volunteers for the Peace Corps exposed themselves to extremely high levels of personal risk (raped, beaten, arrested) to live within the communities they assisted.

If you have any female friends thinking about going to Africa with the US Peace Corps, I would suggest you heavily discourage them from doing so.

The argument about ending extreme poverty because of 100 billionaires wealth has a flawed premise. The cultural change necessary will take decades.


 
Logged
OSR stands with Israel
Computer89
Atlas Legend
*****
Posts: 44,355


Political Matrix
E: 3.42, S: 2.61

P P P

Show only this user's posts in this thread
« Reply #14 on: February 25, 2018, 11:05:44 PM »

The ability to be a "billionaire" should be abolished.

There would be no Amazon, Facebook, Google, Microsoft , Nike, Apple  than.
Logged
TheLeftwardTide
Jr. Member
***
Posts: 988
Show only this user's posts in this thread
« Reply #15 on: March 31, 2018, 07:35:33 PM »

The ability to be a "billionaire" should be abolished.

There would be no Amazon, Facebook, Google, Microsoft , Nike, Apple  than.
Honestly, all of these companies can go f**k themselves. I don't use Facebook, Apple products, or Nike products because they're trash, which (in the case of the latter two) are made through child labor. The other 3 are virtual monopolies and should be broken up in one way or another anyway.

But, let's put that aside. It's not like Amazon's existance is absolutely, 100% dependent on Jeff Bezos's wealth being greater than $999,999,999.99. It's not like Amazon wouldn't have been founded if that number was the American "wealth cap".

Jeff Bezos's net worth is 120.1 billion. That kind of power - being several millions times richer than the average working-class American - should not be concentrated into the hands of a single person. Much of that money could be used to rebuild our crumbling infrastructure, pump essential money into our education system, and keep Social Security solvent.
Logged
Antonio the Sixth
Antonio V
Atlas Institution
*****
Posts: 57,964
United States


Political Matrix
E: -7.87, S: -3.83

P P
Show only this user's posts in this thread
« Reply #16 on: April 01, 2018, 03:33:00 PM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley
Logged
Beet
Atlas Star
*****
Posts: 28,804


Show only this user's posts in this thread
« Reply #17 on: April 01, 2018, 03:35:45 PM »

If those 2,043 people were put on an island -- even one with abundant resources, fertile soil, and oil, would they be able to generate the billions in wealth that they enjoy? After all, they earned it, right? No, they would not.

Wealth is the product of society -- of many people working together. As such, it should be distributed more fairly than this.
Logged
Dr. MB
MB
Atlas Politician
Atlas Icon
*****
Posts: 15,813
Libyan Arab Jamahiriya



Show only this user's posts in this thread
« Reply #18 on: April 01, 2018, 04:51:53 PM »

They deserve to keep it.

My wet dream is a one-world government led by successful billionaires.
Logged
Stand With Israel. Crush Hamas
Ray Goldfield
Junior Chimp
*****
Posts: 7,613


Show only this user's posts in this thread
« Reply #19 on: April 01, 2018, 04:51:56 PM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

Yes. It is. The others killed over a hundred million people in the 20th century.
Logged
ChinaSoc
Rookie
**
Posts: 52


Show only this user's posts in this thread
« Reply #20 on: April 01, 2018, 06:03:38 PM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

Yes. It is. The others killed over a hundred million people in the 20th century.
Ah of course, everyone who dies under a communist government is a victim of communism but all the victims of wars waged by capitalist imperialists are not victims of capitalism.
Logged
RFayette
Junior Chimp
*****
Posts: 9,952
United States


Show only this user's posts in this thread
« Reply #21 on: April 01, 2018, 09:51:29 PM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

Yes. It is. The others killed over a hundred million people in the 20th century.
Logged
Kyle Rittenhouse is a Political Prisoner
Jalawest2
Sr. Member
****
Posts: 2,481


Show only this user's posts in this thread
« Reply #22 on: April 01, 2018, 11:37:34 PM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

Yes. It is. The others killed over a hundred million people in the 20th century.
Ah of course, everyone who dies under a communist government is a victim of communism but all the victims of wars waged by capitalist imperialists are not victims of capitalism.

IMO self-styled socialist regimes murdering dissenters is an example of communism in practice but Pinochet dropping dissenters out of helicopters has nothing to do with capitalism.

There are plenty of peaceful capitalist countries. There are zero peaceful communist countries.
Logged
ChinaSoc
Rookie
**
Posts: 52


Show only this user's posts in this thread
« Reply #23 on: April 02, 2018, 08:50:24 AM »

But capitalism is the best system we have!! Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley Smiley

Yes. It is. The others killed over a hundred million people in the 20th century.
Ah of course, everyone who dies under a communist government is a victim of communism but all the victims of wars waged by capitalist imperialists are not victims of capitalism.

IMO self-styled socialist regimes murdering dissenters is an example of communism in practice but Pinochet dropping dissenters out of helicopters has nothing to do with capitalism.
Sure, ruling class eliminating people that could challenge their dominance and protecting their own wealth has NOTHING to do with capitalism. Since you mentioned Pinochet, I guess every Latin American coup having overwhelming support from the richest segments of society, the privileged classes has also NOTHING to do with capitalism.

So yeah, every people they threw off an helicopter is a victim of capitalism, the fascist ancaps don't love talking about them for some random reason, It's a symbol of the ruling class eliminating those who want to achieve economic justice, which will never happen under capitalism and you can see it right now
Logged
GM Team Member and Senator WB
weatherboy1102
Atlas Politician
Atlas Icon
*****
Posts: 13,623
United States


Political Matrix
E: -7.61, S: -7.83

P
WWW Show only this user's posts in this thread
« Reply #24 on: April 02, 2018, 09:35:06 AM »

If those 2,043 people were put on an island -- even one with abundant resources, fertile soil, and oil, would they be able to generate the billions in wealth that they enjoy? After all, they earned it, right? No, they would not.

Wealth is the product of society -- of many people working together. As such, it should be distributed more fairly than this.
this. so much of this.
Logged
Pages: [1]  
« previous next »
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.064 seconds with 12 queries.