FabSwingers.com > Forums > Politics > No money in the world
No money in the world
Jump to: Newest in thread
8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
|
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
Buffett pledged to donate nearly all of his fortune over the course of his life or shortly after his death in 2006, and in 2010 he cofounded The Giving Pledge with Gates and French Gates to encourage other billionaires to similarly give away at least half of their wealth.
Forbes 28 Jun 2024 |
Reply privately, Reply in forum +quote
or View forums list | |
 |
By *atEvolutionCouple 15 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
And it won't ever change. So. It's probably best to concentrate on living your own life to the fullest with what you have or could have, after all if you were one of those in that list you wouldn't be writing this post would you?
Envy really isn't a pretty colour.
 |
Reply privately, Reply in forum +quote
or View forums list | |
Let's say that he gave everyone a million. What would be the effect on the value of money?
Would it result in too much money chasing too few items?
Would that cause hyperinflation?
(I don't know either but it seems like a realistic effect of such an action). |
Reply privately, Reply in forum +quote
or View forums list | |
"And it won't ever change. So. It's probably best to concentrate on living your own life to the fullest with what you have or could have, after all if you were one of those in that list you wouldn't be writing this post would you?
Envy really isn't a pretty colour.
"
I think you must have farted and followed through,try a happy pill & improve your mood  |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *atEvolutionCouple 15 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
"And it won't ever change. So. It's probably best to concentrate on living your own life to the fullest with what you have or could have, after all if you were one of those in that list you wouldn't be writing this post would you?
Envy really isn't a pretty colour.
I think you must have farted and followed through,try a happy pill & improve your mood "
Well. Aren't just a charming sweetie 
Doesn't change anything I've said, however.  |
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
"
(1) The maths is dodgy. If he gave everyone in the world $31, he would be broke. (252bn/8.2bn=30.73)
(2) If everyone in the world had $1,000,000 then money would lose its value.
(3) Poverty is about resource distribution. It could certainly be reduced drastically, but it's significantly more complex than you make out. |
Reply privately, Reply in forum +quote
or View forums list | |
"
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
The richest man in history is widely considered to be Mansa Musa.
https://en.m.wikipedia.org/wiki/Mansa_Musa
He gave an incredible amount of gold out to poor people on his way to Mecca. This crashed local economies and arguably led to more problems than he solved.
https://www.ancient-origins.net/weird-facts/mansa-musa-egypt-0017070
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ronisMan 15 weeks ago
Edinburgh |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
What did Musk steal?
This all sounds like more bitter socialist envy.
Yawn. |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
"
Remove the word easily and you're correct.
It would require much sacrifice from many people, including those in wealthy countries.
Money cannot create resources, to be distributed. |
Reply privately, Reply in forum +quote
or View forums list | |
"
(3) Poverty is about resource distribution. It could certainly be reduced drastically, but it's significantly more complex than you make out."
I remember Warren Buffett interviewed many years ago, he was asked what he thought about all the (obscene) wealth of a few
He replied that most of the people with this wealth were fortunate to have been borne into a society that gave them those opportunities to create that money, and that quote ‘ their financial circumstances might be quite different if they were borne in Bangladesh’ |
Reply privately, Reply in forum +quote
or View forums list | |
"
(3) Poverty is about resource distribution. It could certainly be reduced drastically, but it's significantly more complex than you make out.
I remember Warren Buffett interviewed many years ago, he was asked what he thought about all the (obscene) wealth of a few
He replied that most of the people with this wealth were fortunate to have been borne into a society that gave them those opportunities to create that money, and that quote ‘ their financial circumstances might be quite different if they were borne in Bangladesh’"
He's someone worthy of much respect. As an investor and as a human being. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *atEvolutionCouple 15 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
"
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
 |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
"
I think your point is well meaning. But it is not easy to achieve.
In the uk alone foodbank parcel recipients has increased to over 3 million per annum. A country reported 5th wealthiest on the globe (5/193) |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
"
Cancer will never be beaten but we keep trying to improve outcomes,longevity and that illusive cure
If you don't try you will never succeed same difference with poverty |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *atEvolutionCouple 15 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
Cancer will never be beaten but we keep trying to improve outcomes,longevity and that illusive cure
If you don't try you will never succeed same difference with poverty "
Many millions of people and organisations dedicate and have dedicated themselves to solving the ills of poverty.
Lets first deal with the third world dictators who steal by the billions while leaving their own native population to die by the millions. Let's deal with the warmongers who have no value on human life. Let's deal with the millions of children who will never get an education that they may break free from poverty. Let's deal with the subjugation of religion particularly over women and their children . . .
At least Musk et-el are providing for many many 10's of thousands of jobs/education in the world right now. They are creating wealth for people right now. They are creating worth for people right now.
Not that simple huh?
|
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
Cancer will never be beaten but we keep trying to improve outcomes,longevity and that illusive cure
If you don't try you will never succeed same difference with poverty "
Now the irradiation comment makes sense 
Trying doesn't primarily involve money. It involves resources (money can move resources to an extent) and action from everyone. As more resources are moved, money becomes exponentially more irrelevant - long before poverty is addressed.
To eliminate poverty, we need more people producing more and less unequal consumption. This is hard to achieve by moving money around. |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
"
Worth a read
https://www.dannydorling.org/books/onepercent/Material_files/iatopc_preface.pdf |
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
What did Musk steal?
This all sounds like more bitter socialist envy.
Yawn."
I don't recall saying Musk stole anything.
Seeing as you want to throw the bitter socialist card at me
I do recall posting in a separate threat about left/right wing it went something like this.
If I stand on the left of a pavement or on the right of the pavement I will still be stood on the same pavement
|
Reply privately, Reply in forum +quote
or View forums list | |
|
By *atEvolutionCouple 15 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
What did Musk steal?
This all sounds like more bitter socialist envy.
Yawn.
I don't recall saying Musk stole anything.
Seeing as you want to throw the bitter socialist card at me
I do recall posting in a separate threat about left/right wing it went something like this.
If I stand on the left of a pavement or on the right of the pavement I will still be stood on the same pavement
"
As an allegory to politics, that's an extraordinarily poor example.
If you are stood to the right of politics, or you are stood to the left of politics, the way you treat people is often or nothing remotely the same. So much so that the pavement isn't even in the same city. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *ronisMan 15 weeks ago
Edinburgh |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
Why would he give his money away? Once the people have blown it what then?
Better he keep his money,create jobs in companies he owns and let people work.
No? |
Reply privately, Reply in forum +quote
or View forums list | |
Most of that money is in terms of stocks and investments. Even if they give away all their money to people, it would do fuck all to solve the problem of poverty. Money's value will go down as everyone has lot of money that they are willing to spend and then inflation happens.
It will be fun for a couple of months, after which you will be back to square one because the price rises would have resulted in people having lot of money worth nothing.
This is where lots of people make mistakes when trying to understand economic changes. They keep thinking in terms of money. You need to think in terms of supply/demand of goods. Money is just a symbolic value that's useful in depicting this supply demand ratio.
We have actually managed to reduce world poverty by a LOT in the past few decades. Not by distributing money but by improving global distribution of goods and making production more effective. |
Reply privately, Reply in forum +quote
or View forums list | |
"Most of that money is in terms of stocks and investments. Even if they give away all their money to people, it would do fuck all to solve the problem of poverty. Money's value will go down as everyone has lot of money that they are willing to spend and then inflation happens.
It will be fun for a couple of months, after which you will be back to square one because the price rises would have resulted in people having lot of money worth nothing.
This is where lots of people make mistakes when trying to understand economic changes. They keep thinking in terms of money. You need to think in terms of supply/demand of goods. Money is just a symbolic value that's useful in depicting this supply demand ratio.
We have actually managed to reduce world poverty by a LOT in the past few decades. Not by distributing money but by improving global distribution of goods and making production more effective."
Good response & poverty has reduces & your point is very valid along with some legislation and it shows what can be done with some effort
|
Reply privately, Reply in forum +quote
or View forums list | |
"
(1) The maths is dodgy. If he gave everyone in the world $31, he would be broke. (252bn/8.2bn=30.73)
"
You missed the bn on your 30.73
$252bn less $8.2bn leaves him $243.8bn.
Your calculation divided his total wealth between the world population giving each person $30.73bn |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *otMe66Man 14 weeks ago
Terra Firma |
"
(1) The maths is dodgy. If he gave everyone in the world $31, he would be broke. (252bn/8.2bn=30.73)
You missed the bn on your 30.73
$252bn less $8.2bn leaves him $243.8bn.
Your calculation divided his total wealth between the world population giving each person $30.73bn"
Lets work this out...
If 10 people were given $30.73 billon, how much would that be?
|
Reply privately, Reply in forum +quote
or View forums list | |
"
(1) The maths is dodgy. If he gave everyone in the world $31, he would be broke. (252bn/8.2bn=30.73)
You missed the bn on your 30.73
"
Nope. That would not compute.
"
$252bn less $8.2bn leaves him $243.8bn.
"
That's $1 for every person in the world.
"
Your calculation divided his total wealth between the world population giving each person $30.73bn"
No. You added the bn to that figure. Making an impossible amount. |
Reply privately, Reply in forum +quote
or View forums list | |
Money is a pretty abstract concept. It exists only by man-made rules, and is just numbers in a ledger in reality. The wealthy invest in goods and services that keep millions employed, they pay taxes, and when they die, their wealth is distributed and taxed again. Would the world be a better place with a 'fairer' distribution of wealth? It's debatable - and the lessons of communism suggest not. |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *atEvolutionCouple 14 weeks ago
atlantisEVOLUTION Swingers Club. Stoke |
If everyone in the world were given a million pounds, the global economy would experience massive disruptions and significant consequences.
1. Hyperinflation
Increased Demand: With everyone suddenly having a large amount of money, demand for goods and services would skyrocket.
Price Inflation: The surge in demand would lead to shortages, and prices would increase dramatically, leading to hyperinflation.
Currency Devaluation: The value of money would plummet as people try to spend their newfound wealth, making the million pounds worth much less than before.
2. Economic Instability
Market Disruptions: Markets would be thrown into chaos as people spend or invest their money in unpredictable ways, leading to stock market volatility and potential crashes.
Business Impact: Companies might struggle to meet the sudden demand for products, while some businesses could collapse if their workforce stops working due to newfound wealth.
3. Social and Political Impacts
Wealth Inequality: While everyone would receive the same amount of money, existing wealth disparities might still persist in different forms. Those with more assets could invest more wisely or take advantage of the situation better than others.
Labour Market Disruption: Many people might choose not to work any more, leading to labour shortages in essential industries. This could disrupt food production, healthcare, and other vital services.
Political Unrest: Governments might struggle to manage the economic chaos, leading to political instability. Some countries might impose strict controls to stabilize their economies.
4. Environmental Impact
Resource Overuse: With increased spending, the demand for natural resources could spike, leading to overexploitation and environmental degradation.
Waste and Pollution: The surge in consumption would likely increase waste and pollution, exacerbating environmental challenges.
5. Long-term Consequences
Adjustment Period: Over time, economies might adjust, but the process would be painful, with potential recessions, unemployment, and long-term economic damage.
Wealth Redistribution: The initial redistribution of wealth might seem equal, but the long-term effects could lead to new forms of inequality based on how people use or invest their money.
While the idea of everyone receiving a million pounds might seem appealing, the economic and social consequences would likely be severe and destabilizing. The value of money is tied to the overall economy, and such a massive injection of wealth would lead to more problems than it solves. |
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world"
No he couldn't. Ignoring the dodgy maths, he doesn't actually have that money, it's just the figure that's put on the shares he owns in Tesla. He can't sell those shares. If he tried, the value of them would dive as soon as the market saw that he was pulling out of Tesla. Even if he could fix the price, he'd still have to find enough people to take those shares, and give him the $252bn.
"He could wipe out poverty almost overnight ..."
No he couldn't. In the UK at least, poverty is derived as earning less than 60% of the median wage. Giving poor people some money wouldn't change anything, they'd still be earning less than 60% of the median, so they'd still be in poverty.
|
Reply privately, Reply in forum +quote
or View forums list | |
"If everyone in the world were given a million pounds, the global economy would experience massive disruptions and significant consequences.
1. Hyperinflation
Increased Demand: With everyone suddenly having a large amount of money, demand for goods and services would skyrocket.
Price Inflation: The surge in demand would lead to shortages, and prices would increase dramatically, leading to hyperinflation.
Currency Devaluation: The value of money would plummet as people try to spend their newfound wealth, making the million pounds worth much less than before.
2. Economic Instability
Market Disruptions: Markets would be thrown into chaos as people spend or invest their money in unpredictable ways, leading to stock market volatility and potential crashes.
Business Impact: Companies might struggle to meet the sudden demand for products, while some businesses could collapse if their workforce stops working due to newfound wealth.
3. Social and Political Impacts
Wealth Inequality: While everyone would receive the same amount of money, existing wealth disparities might still persist in different forms. Those with more assets could invest more wisely or take advantage of the situation better than others.
Labour Market Disruption: Many people might choose not to work any more, leading to labour shortages in essential industries. This could disrupt food production, healthcare, and other vital services.
Political Unrest: Governments might struggle to manage the economic chaos, leading to political instability. Some countries might impose strict controls to stabilize their economies.
4. Environmental Impact
Resource Overuse: With increased spending, the demand for natural resources could spike, leading to overexploitation and environmental degradation.
Waste and Pollution: The surge in consumption would likely increase waste and pollution, exacerbating environmental challenges.
5. Long-term Consequences
Adjustment Period: Over time, economies might adjust, but the process would be painful, with potential recessions, unemployment, and long-term economic damage.
Wealth Redistribution: The initial redistribution of wealth might seem equal, but the long-term effects could lead to new forms of inequality based on how people use or invest their money.
While the idea of everyone receiving a million pounds might seem appealing, the economic and social consequences would likely be severe and destabilizing. The value of money is tied to the overall economy, and such a massive injection of wealth would lead to more problems than it solves."
Pretty much the same outcome as increasing the minimum wage |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *irldnCouple 14 weeks ago
Brighton |
Several excellent posts already explained the flaw in this thinking. But for Janet & John…If everybody had more MONEY then that money would be worth less (inflation) as there would still only be a finite amount of resources and every would start paying more to secure them.
It is availability and distribution of resources (and the goods they make/enable) that determines wealth, not a currency used to enable the trade in those items.
The best way the mega rich could help reduce poverty would be to invest their wealth in three areas:
1. Sustainable year round foodstuff (everybody has enough, nobody ever starves or goes hungry)
2. Eradication of disease (nobody suffers because of lack of access to healthcare)
3. Reduction/control over the birthrate/population (contraception is needed as too many people impacts on 1 & 2) |
Reply privately, Reply in forum +quote
or View forums list | |
|
By *lfasoCouple 14 weeks ago
South East |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
Your arithmetic is not accurate, probably explains why there is too much month left at the end of the money.
£31 wouldn’t even buy a seat in a rubber boat, so the migrants must be wealthier than you believe. |
Reply privately, Reply in forum +quote
or View forums list | |
"So I think it's well known that the rich have got richer in recent years, so clearly the so called trickle down effect is not effective
Question
How are we going to reduce or get rid of poverty.
"
Nobody on this forum will eradicate world poverty.
We can, however, help those in our immediate families and communities, as well as being producers ourselves.
If everyone on Fab planted an apple tree in their garden and gave the fruits out to neighbours who have financial problems, that would be a tiny start. If everyone in the world did that, then hunger would be reduced significantly. Despite the obvious flaws in that analogy, the principle is sound.
We donate significantly to LOCAL food charities each month (volunteer run, very low overheads). No global nonsense that spends money on middle class kids on gap years or corrupt champagne socialists who abuse the locals. We ALSO spend a very small amount on global charities with low overheads. Additionally, we support charities attempting to bring people out of poverty in other ways. We also help people to write CVs. Getting people into work (producing more) is essential to reducing poverty.
Money is a tiny piece of the puzzle - it needs to be used to redistribute resources and essentially cause the poorest segments to become more self reliant.
Neither right wing not left wing politics makes a difference. Individual action by everyone is needed. A sense of community and responsibility for everyone within it. That can reduce poverty.
The problem is that it's very difficult to scale (one reason why socialism fails). |
Reply privately, Reply in forum +quote
or View forums list | |
"So I think it's well known that the rich have got richer in recent years, so clearly the so called trickle down effect is not effective"
It's true what the rich have got richer, but so have the poor. The UK's GINI measurement has fallen since (to pick a random date) 2010. So there's currently less inequality than there was 15 years ago. |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
Cancer will never be beaten but we keep trying to improve outcomes,longevity and that illusive cure
If you don't try you will never succeed same difference with poverty "
Then find someone in a worse position then you and give to them that will make them happy. |
Reply privately, Reply in forum +quote
or View forums list | |
"I go back to my point that we have money in the world and lots of it.
Poverty could very easily be reduced or irradiated
If you are a contestant in a Miss World Contest, you can see that.
Sadly. This ain't that.
Cancer will never be beaten but we keep trying to improve outcomes,longevity and that illusive cure
If you don't try you will never succeed same difference with poverty
Then find someone in a worse position then you and give to them that will make them happy. "
Already on it |
Reply privately, Reply in forum +quote
or View forums list | |
"So I think it's well known that the rich have got richer in recent years, so clearly the so called trickle down effect is not effective
Question
How are we going to reduce or get rid of poverty.
Nobody on this forum will eradicate world poverty.
We can, however, help those in our immediate families and communities, as well as being producers ourselves.
If everyone on Fab planted an apple tree in their garden and gave the fruits out to neighbours who have financial problems, that would be a tiny start. If everyone in the world did that, then hunger would be reduced significantly. Despite the obvious flaws in that analogy, the principle is sound.
We donate significantly to LOCAL food charities each month (volunteer run, very low overheads). No global nonsense that spends money on middle class kids on gap years or corrupt champagne socialists who abuse the locals. We ALSO spend a very small amount on global charities with low overheads. Additionally, we support charities attempting to bring people out of poverty in other ways. We also help people to write CVs. Getting people into work (producing more) is essential to reducing poverty.
Money is a tiny piece of the puzzle - it needs to be used to redistribute resources and essentially cause the poorest segments to become more self reliant.
Neither right wing not left wing politics makes a difference. Individual action by everyone is needed. A sense of community and responsibility for everyone within it. That can reduce poverty.
The problem is that it's very difficult to scale (one reason why socialism fails)."
Spot on  |
Reply privately, Reply in forum +quote
or View forums list | |
"So I think it's well known that the rich have got richer in recent years, so clearly the so called trickle down effect is not effective
Question
How are we going to reduce or get rid of poverty.
"
You never will.
There will always be the uber wealthy, always has been.
There will always be the wealthy, comfortable, rich, middle class, loaded and got a few bob people.
While most of us see poverty around in full view, most of us will do very little.
Not my problem gov.
At our level (not Musk etc) is it unfair? it probably comes down to a personal view, will it change, never.
It never ceases to amaze while some can't afford the rent, try nipping into your local Mercedes or Porsche Dealer and look at the waiting lists, makes you kind of shrug and say "so everyone's skint eh"
I can hear the grumblings coming.
Always amazes me when elections come near and everyone curses the sitting government with cries of how different the new shiny one will be, but alas things just putter on along, there's rich folks and poor folks, be it global or within a few postcodes, always has, always will.
Right, back to work. |
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
This is a nice idea but deeply flawed!!!
If EM gave each member of the 8.5BN usd one million USD that would cost him 8.5 million billion USD which is rather more than his personal fortune. Even if he gave everyone $100 this would be $850 billion which is more than 3times his total wealth according to your figs.
Oh well best carry on sorting our own lives out then rather than waiting for a handout from the world's richest??? |
Reply privately, Reply in forum +quote
or View forums list | |
If Musk gave everyone in the world a million pounds each, he would be still the world’s richest man. However the value of the currency would fall so fast, that most of us would be no better off. Just imagine house prices, as one example, if everyone had a million quid.
That is one reason that the redistribution of wealth would never work. |
Reply privately, Reply in forum +quote
or View forums list | |
"If Musk gave everyone in the world a million pounds each, he would be still the world’s richest man. However the value of the currency would fall so fast, that most of us would be no better off. Just imagine house prices, as one example, if everyone had a million quid.
That is one reason that the redistribution of wealth would never work."
Fine then he can give it to me instead, I'll spend it.
Besides being worth 200+ billion and actually having 200+ billion is very different,I'd imagine he rarely has any cash on him, everything is planned and purchased in advance and like most very wealthy people they are as tight as a ducks arse.
|
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
Think your maths is out.
Maybe give everyone ten quid. |
Reply privately, Reply in forum +quote
or View forums list | |
"So to be clear, we shouldn't blame the problems on immigrate minorities, we should blame them on the wealthy minority instead ? "
It's also very interesting to hear people's views on what they consider wealthy, it can be quite an eye-opener.
I deal with people all day from differing backgrounds and their take can range from hilarious to heartbreaking.
My grandad did national service and I always remembering him saying "it was the first time I met a posh person and I would never have thought they'd be so nice and have some same problems as us" |
Reply privately, Reply in forum +quote
or View forums list | |
"Rich isn't about absolute amounts of money. The more someone complains, the poorer they are. The less someone finds the need to complain, the richer they are."
Don't think money is an issue in complaining rights.
Some folks just love moaning, they see the bad in everything.
If they won the lottery they'd complain the bags of cash were too heavy.
The secret is to give these persistent whiners a large berth, don't enter their world, it's like a vortex into angst, as misery loves company.
Look for smiley, upbeat people, they bring light onto your life. |
Reply privately, Reply in forum +quote
or View forums list | |
Money is a real issue if you have none & it's not about complaining it's about campaigning to spread it out a little wider and further
Rather than the 1% of the population that have seen a huge rise in wealth
Whilst the poor have got less
|
Reply privately, Reply in forum +quote
or View forums list | |
"Money is a real issue if you have none & it's not about complaining it's about campaigning to spread it out a little wider and further
Rather than the 1% of the population that have seen a huge rise in wealth
Whilst the poor have got less"
The poor have more, both in real, and relative terms. Take a look at the GINI index, and you'll see that it's falling in the UK. |
Reply privately, Reply in forum +quote
or View forums list | |
"Money is a real issue if you have none & it's not about complaining it's about campaigning to spread it out a little wider and further
Rather than the 1% of the population that have seen a huge rise in wealth
Whilst the poor have got less
"
There are some seriously wealthy people around and very few that make up the 1% you mention.
But what about the folks who are very high earners, would you redistribute some of their money.
What would you honestly class as wealthy?
We were on holiday and met a lovely couple but she said it would be fair if anyone had more than one home or residence, should have their second, third or fourth home taken off them and given to someone more deserving.
She seemed somewhat confused when asked if they would be paid for this second home or just have it taken from them, like in theft.
Where do you draw the line, earned cash, assets, business value and ownership etc.
Like most things, the more you peel back the layers the more complex it becomes.
|
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
"
Not too sure on your figures but let's just say they are correct.
All these billions floating about and if given to everyone of us, poverty solved.
Can I ask how you would liquidate these assets and once you do liquidate how would you rebuild the asset you have just destroyed.
I think your sentiment is applaudable but your reasoning terribly flawed.
These companies only have a value if they exist.
Once haemorrhaged of cash, they die.
I wish there was a simple answer but alas we'll still be talking about the haves and have nots for generations to come. |
Reply privately, Reply in forum +quote
or View forums list | |
"8.2 Billion the currant world population, that the number of people living on earth.
Elon Musk has a wealth of 252 Billion
He could give everyone a million and still be the richest bloke in the world
He could wipe out poverty almost overnight so when people say we don't have enough money in the world they are very much mistaken.
Bezos 185.1 B
Zuckerberg 178.6 B
Arnault 177.8 B
Ellison 159.8 B
Buffett 136.1 B
Page 135.1 B
Gates 129.4 B
Brin 129.4 B
Ballmer 120.2 B
This is the top 10 of the rich list in 2024
The Forbes list suggest that 2.781 people combined own 14 Trillion in 2024
It's documented the richest 1% own almost half of the worlds wealth, whilst the poorest half of the world own just 0.75% in fact they have acquired nearly twice as much wealth in new money as the bottom 99% of the world population.
Whilst we blame people in rubber boats for stealing our money are we really looking for scape goats and avoiding those that have been making Billions whilst we struggle to make it to the next pay day.
Not too sure on your figures but let's just say they are correct.
All these billions floating about and if given to everyone of us, poverty solved.
Can I ask how you would liquidate these assets and once you do liquidate how would you rebuild the asset you have just destroyed.
I think your sentiment is applaudable but your reasoning terribly flawed.
These companies only have a value if they exist.
Once haemorrhaged of cash, they die.
I wish there was a simple answer but alas we'll still be talking about the haves and have nots for generations to come."
Doesn't this show that looking to achieve is better than expecting someone else to provide for you? |
Reply privately, Reply in forum +quote
or View forums list | |
» Add a new message to this topic
