Richest 1% To Own More Than Other 99%

MHz

Time Out
Mar 16, 2007
41,030
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48
Red Deer AB
If you took all the wealth in the world and redistributed it evenly. The richest 1% would have all their money back in how many years? 3 maybe?
Money is nothing, the network, the infrastructure, the organization to make a product that is in high demand is the key.

The 1% ers have the capacity to produce,
The rest of us have the capacity to consume.
How about as much money as you can spend in one year and once every year it gets zeroed out and refilled if you are still breathing.

Like the deal I made with my pet bear, he can lick my ears until I giggle and then he has to stop, if I don't giggle he doesn't have to stop. Leaving money to somebody with a bank account that is already full is more European than Canadian.
 

darkbeaver

the universe is electric
Jan 26, 2006
41,035
201
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RR1 Distopia 666 Discordia
The term at 'Frog Pond' would be 'dingy' if you are referencing that white thingy in the photo far above. The 'Flats' went from Edmonton to Texas. The thought of prairie grizz tracking buffalo herds in packs like wolves or lions is almost a blood lust in it's imaginary visual possibilities. For their sake I hope they don't buy from Acme Hardware like that coyote chasing that roadrunner. The Keystoned Bears


I suppose you are right. You mentioned lust, I may have a bath tonight and put my daperest gear together to cruise the Monday evenin crowd at the speakeasy.

If you took all the wealth in the world and redistributed it evenly. The richest 1% would have all their money back in how many years? 3 maybe?
Money is nothing, the network, the infrastructure, the organization to make a product that is in high demand is the key.

The 1% ers have the capacity to produce,
The rest of us have the capacity to consume.

Yes that is true. Can you think of something that might prevent tis?
 

MHz

Time Out
Mar 16, 2007
41,030
43
48
Red Deer AB
How's the rarefied air way up there on your moral high ground bud?
Large enough the echo never makes it back. I try to look at a problem as needing a solution that works the best for the ones the changes are impacting the most. Food and water always come first, we should be able to do that with unemployment at something well above 80% and not have the population 'be restless'. Let them choose their own form of 'misery' be it escape through drugs or same money used to follow a hobby that never really does anything other than keep boredom at bay, that is the main purpose of both and the list that is used today is a lot longer than 2 items and the availability is more than 'limited' yet it is called a 'success'.
Somehow I don't see you seeing that picture as being something worth working for.

People like you don't like it when the hard questions are asked.. Generally speaking, when you're faced with these questions, it accentuates that any functional, practical and long term 'solutions' are not as simple as just pushing a bunch of cash somewhere... All that accomplishes is that you might feel a bit better for as long as it takes to spend the dough.
I'm all for hard and soft questions being asked, an answer of sorts should also be something that can be demanded rather than skating around it like it was never asked.
I'm also in favor of spending, to the point all the vaults are empty, saves having to hire guards for one thing. I'm also in favor of projects that takes many man and machines to make some needed changes. If we can go to the moon in 10 years how long to straighten out the Mississippi River system to where the flooding is a yearly thing that is greeted with cheers. The cheering would be from the natural hill or man made hills that are well above flood level. The self fertilizing fields would take little effort to grow enough for more than just that region. 10 years to construct, 100 years before the trees need trimming. The hobbies that men follow after their bellies are full would dictate where the flow of money then goes. Finding funding is not part of any 'hobby' it is a 'hindrance'.

In a 'build it and they will come' kind of mentality setting up a park-like setting where rides as mundane as a golf-kart can take you on a loop that lasts from 15 minutes to 15 hours. Little jet boats that get fueled up 2 or 3 times a day delivering supplies far from the warf when the lake hasn't seen one boat on the water all week because of the winds. Get 6 people and 300 miles of waveless water and somebody is going to want to launch, let alone have their own 'tenting spot' that is 15 minutes to 50 minutes from the warf. If it catches on great, if not you roll back the moss.

As Barnum and Bailey put it so well, low those many years ago: "There is a sucker born every minute'... You are the ultimate personification of this reality
At least they put up signs warning people they were coming to town and when they left so did 'the games'. Thieves and liars have no such morals.

'We' are just as broken as all others... The difference being, 'we' have advanced far enough to be able to provide some form of welfare to those in our society
If we are just coming off the boom years and we didn't pay off out grandfathers debts off and ran it up even higher then how do we expect the generation that is less able to do more than we did when we were in control. Say the Yukon found a lot of gold the other guys missed and slide-rule out some $70T if you insist on the banks getting some, they can have $60T and the rest just floats around the party, I mean 'struggle for life under the harshest of conditions'.

www.youtube.com/watch?v=UsNUR6tsoTs
 
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JLM

Hall of Fame Member
Nov 27, 2008
75,301
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Vernon, B.C.
Richest 1% To Own More Than Other 99%

Oxfam publishes new research which warns that the scale of global inequality is "staggering" and getting worse.



Wealth accumulated by the world's richest 1% will exceed that of the other 99% by next year, Oxfam has warned.

A report by the anti-poverty charity suggests the wealthiest 1% have seen their share of global assets rise from 44% in 2009 to 48% last year.

The figure is on track to exceed 50% this year.



source: Richest 1% To Own More Than Other 99% - Report

It would be nice if this "problem" could be solved with a single brush stroke but I doubt if it can. For instance how much money does Warren Buffet (or Jimmy Pattison) contribute to charity? How many people do they employ. Many of the wealthy are workaholics, working for the public good. Of course there are the ones who definitely need to be cut back if not in jail. But how do you sort out who's who?:)

If you took all the wealth in the world and redistributed it evenly. The richest 1% would have all their money back in how many years? 3 maybe?
Money is nothing, the network, the infrastructure, the organization to make a product that is in high demand is the key.

The 1% ers have the capacity to produce,
The rest of us have the capacity to consume.

I heard it was 2 years, but with inflation perhaps 3 is the new reality!
 

GreenFish66

House Member
Apr 16, 2008
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1 check for Rent. The other for Bills...Repeat, until...Homeless...Hungry...Naked. DEAD!(?)

Fortunately I am no longer in that position, at this time.(spent 3 yrs on the streets)
I am speaking for those in this very unfortunate position.
 

MHz

Time Out
Mar 16, 2007
41,030
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48
Red Deer AB
So, your solution is that someone else should pay your bills?

That sound about right?
Yep, with instruction for them to do the same as we are doing when (if really) the bill arrives. If we jack it from $700B (that we will never pay off) then for the sake of the children we have to jump that to $7T (without interest) and when they get the bill the Jack it to $70T for the sake of their children. Only humane option on the table.
 

GreenFish66

House Member
Apr 16, 2008
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Is it fair that that Very Few own it ALL? 100 times more than they could ever possibly use in their lifetime; at the expense of the others?...And don't tell me they earned it...They or their family may have earned at 1 point in time...BUT they have forgotten how to earn it ...Now they TAKE it? They're GIVEN it...with help from their Gov. Buddies; to further Control the markets and the People.(Free Market?)

Big Biz...has forgotten what REAL Biz is all about. They rely too much on Gov. Buddies and Shady Rules that systematically cut out, new up and coming competition and Hard working/Honest others.

Most Rich, not all, have become Selfishly GREEDY! This has to change.
____________________________________________________

People NEED to be given their FAIR SHARE! ...and they are not!
 
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