World's 1% to own 2/3 of global wealth by 2030

[danikerhino]

When I get my money up, finna cop me a thunderstorm

-But yeah, it is time start restructuring the tax code and changing laws to reverse these threads

Yeah, that's the only way to win battles in the system we live under besides extreme actions being taken.

 

[gry60]

not that the result isn't funny as ****, but you should consider changing it if we want an actual discussion on the subject to pop off.

Alright.
Title corrected. Argue away.

 

[sooperhooper]

Capitalism and greed will be the downfall of America and possibly humanity as a whole.

The concept/importance of money compromises the goodwill of humans.

 

[ahat]

Treat it as a weapon. Extreme heat/cold to destroy crops, cause flooding with massive rain, etc. You could destabilize things rapidly with weather control.

Cause droughts and jack up the price on water

 

[danikerhino]

Capitalism and greed will be the downfall of America and possibly humanity as a whole.

The concept/importance of money compromises the goodwill of humans.

I believe you, but civilization tends to get better over time we as a species grow better from our previous transgressions, I'm a history minor so I tend to think of things with a glass half full seeing as how we let children work and Rockefeller ran the world just a 100 years ago.

 

[dirty]

I blame anyone over 30

 

[gentrification]

Get in where you fit in

 

[wallyhopp]

Millionaires who still work are selfish in my eyes. It really would benefit everyone in all sectors if instead of one billionaire, we had 80-100 multi millionaires.

I don't get the benefit of protecting the rich like our government does.

Most millionaires are built a bit different than everyone else. They have to have more. There is no end in sight. Complete and utter domination in everything they do. That's how most got to where they are.

So many millionaires don't put their money to real world use. Always investing and saving and saving some more. That doesn't help struggling economies. Not sure what can be done.

 

[ninjahood]

hmm...

So by global standards, America’s middle class is also really, really rich. To make it into the richest 1 percent globally, all you need is an income of around $34,000, according to World Bank economist Branko Milanovic. The average family in the United States has more than three times the income of those living in poverty in America, and nearly 50 times that of the world’s poorest. Many of America’s 99 percenters, and the West’s, are really 1 percenters on a global level.

http://foreignpolicy.com/2012/02/27/were-all-the-1-percent/

 

[Top Boy]

It's nice to know im in the 1% globally, but when im living in America that number is moot.

$34K pre-tax annually is getting you a 2000 Ford Taurus and a 600sqft. one bedroom apartment.

 

[ninjahood]

It's nice to know im in the 1% globally, but when im living in America that number is moot.

what? man i kiss da feet of god everyday as a thank you for allowing me to be born here, vs anywhere in da entire world, and in NYC no less...

 

[Platinum State]

If the world's 99% united we could take the 1%'ers money and assets to spread it around.
But we wont

 

[danikerhino]

hmm...

So by global standards, America’s middle class is also really, really rich. To make it into the richest 1 percent globally, all you need is an income of around $34,000, according to World Bank economist Branko Milanovic. The average family in the United States has more than three times the income of those living in poverty in America, and nearly 50 times that of the world’s poorest. Many of America’s 99 percenters, and the West’s, are really 1 percenters on a global level.

http://foreignpolicy.com/2012/02/27/were-all-the-1-percent/

I feel like a 99% with my rent and bills. My life is comfortable though so no real complaints from me.

 

[numbah1grimey]

Capitalism and greed will be the downfall of America and possibly humanity as a whole.

The concept/importance of money compromises the goodwill of humans.

“Will” be? Bruh, it’s ALREADY caused the downfall

 

[whatscomplex]

It's wild how much the revenue from just an hour of work in America can mean to people in some countries. We greedy af though.

 

[wallyhopp]

hmm...

So by global standards, America’s middle class is also really, really rich. To make it into the richest 1 percent globally, all you need is an income of around $34,000, according to World Bank economist Branko Milanovic. The average family in the United States has more than three times the income of those living in poverty in America, and nearly 50 times that of the world’s poorest. Many of America’s 99 percenters, and the West’s, are really 1 percenters on a global level.

http://foreignpolicy.com/2012/02/27/were-all-the-1-percent/

Didn't read the link but didn't they factor in cost of living? 34k in San Francisco or Seattle gets you a van you live in. 34k in middle America gets you respectable living conditions.


Also. Anyone who had traveled knows how strong the dollar can be vs other currencies. Like a 5-10x multiplier in some countries. So for them they could do just fine on $3,400 annually vs 34k

 

[ninjahood]

It's wild how much the revenue from just an hour of work in America can mean to people in some countries. We greedy af though.

meh...could be worse...we could be Venezuela

 

[Platinum State]

^
^
Thats how it is in most countries. 300$ a month is more than enough

 

[ekinskywalker]

A revolution will be inevitable

Let me talk to you about Crypto

 

[htg designs]

Nah, tru revolution looks something like my avi. Anything else is a shift change.

 

[jville819]

Capitalism and greed will be is the downfall of America and possibly humanity as a whole.

The concept/importance of money compromises the goodwill of humans.

I don't know if I've ever agreed more with a statement on NT

 

[gry60]

It's nice to know im in the 1% globally, but when im living in America that number is moot.

Didn't read the link but didn't they factor in cost of living? 34k in San Francisco or Seattle gets you a van you live in. 34k in middle America gets you respectable living conditions.


Also. Anyone who had traveled knows how strong the dollar can be vs other currencies. Like a 5-10x multiplier in some countries. So for them they could do just fine on $3,400 annually vs 34k

I was gonna say that when I was young, I had a daily allowance of about a dollar. With that, I was able to take a cab to school, from school AND have lunch.

On a single dollar, in Africa, 15 years ago.

Focusing only on the income when discussing wealth presents an incomplete picture. Gotta look at the cost of living associated with that too. $10/day won't take you to/from work and feed you anywhere in the US.

 

[Deleted member 42060]

costs are high also

 

[ninjahood]

$10/day won't take you to/from work and feed you anywhere in the US.

ehh...in NYC it will. Thats Train fare, and a sandwich/pizza & soda.

 

[Deleted member 42060]

ehh...in NYC it will. Thats Train fare, and a sandwich/pizza & soda.

how about 2 ways