Study: Billionaires Could End Extreme Poverty 7 Times Over

[JohnBrown1917]

Yeah that's basically my point.

And you know that is not how they intennt to fix it, by just dumping it, right?

But what else would you call a bunch of billionaires dumping their wealth into the rest of society?

I don't think this has ever been a serious political idea, just dumping is not going to work. Use it for social programs, infrastructure and they like, and prevent them from gaining such wealth again.

and that money goes right back into the hands of the billionaires who leant it out, or creates new billionaires in the process. Wealth accumulates to the top, and will do so in every possible healthy economy.

You can prevent that.

Simultaneously, you are not poor because someone else is rich; you are poor because you are bad at saving and spending money.

Your poor because you don't earn enough to save, you're really ignorant of what being in poverty is like. And what do you even think about extreme poverty? They should starve even harder to save money? Poor countries do not get exploited? You're really that niave?

[Synros]

Tough shit. You are not entitled to their money, or anyone else's.

[JohnBrown1917]

Tough shit. You are not entitled to their money, or anyone else's.

Unless you vote in the right people.

They already pay higher taxes anyway.

[NihilSustinet]

There should be a cap on yearly income, including capitol gains, and corporations should have a cap on how much they can have in their coffers unspent (as well as a minimum amount spent on payroll per employee. no working poor, and RnD could maybe be limited to a certain percent of overall income before cap, to allow for advancement). the rest should go to actually helping improve the world.

[Synros]

There should be a cap on yearly income, including capitol gains, and corporations should have a cap on how much they can have in their coffers unspent (as well as a minimum amount spent on payroll per employee. no working poor, and RnD could maybe be limited to a certain percent of overall income before cap, to allow for advancement). the rest should go to actually helping improve the world.

So you want to stop people from receiving the money they earned, and instead give it to the people who did shit all to earn it? Hahahahahahah! You Socialists are so fucking hilarious...

[Techno-Druid]

why should we help africans?
last time this totaly didnt backfired right? right?

When did it backfire? Or you talking about the side effects of the Scramble for Africa?

[Deleted]

I'm guessing there are lots of "divine right to rule" posts in this thread from people who think billionaires are magic. Maybe took a look at how many failed ventures no one ever talks about that business "geniuses" came up with for a rational perspective.

[igualitarist]

The wealth of those part of the working class, or below, in the west are still nowhere near close to the rich. They don't have the resources to get rid of extreme poverty, the only route for them is policy changes.

Not letting companies fuck over poor countries would be a nice start.

Well, my point is that if you are not willing to give away your money, don't ask others to do this. It will make you a hypocrite.

Also, a highly corrupt political class plus an unfriendly environment for business is what is fucking poor countries in the ass.

[BuckSparkles]

What part of their money do you feel entitled to, OP?

[Deletedaccount1]

There are a lot of small factors that led to this. The question to ask is whether this would have happened without capitalism. That is a very hard question to answer.

Factors such as social cohesion and public trust and financial technology were massive catalysts, and obviously capitalism had a part to play in bringing these factors about, but so did socialism. Distinguishing whether the capitalist elements or the socialist elements came out ahead sounds like an endeavor to madness, let alone a meaningless result wherein most acknowledge capitalism left to it's own devices is harmful.

I don't see how socialism lead to this at all. International free trade, consumerism and improved technology seem like the biggest factors.

[Drusin]

Fuck that, I'm not rich by any means but fuck any "give it to the poor" system. Keep your fucking money, you made it, it's yours and don't let anyone guilt you into doing anything.

[Spiffums]

To put this as simply as possible - Africa is poor because the leaders of those countries make it so. Nothing to do with colonising, nothing to do with foreign investment and ownership, but pure incompetence and corruption right the way to the very top. One of the current ruling party in my country can be quoted as saying "it is our turn to eat". I will let you mull on what that means, it is an omnipresent attitude across the whole of sub Saharan Africa about what being in government is all about.

On white farmers to take the most obvious example. In Zimbabwe, the white farmers didn't own all the land, they owned all the "good" land. Just look at it now, they are net importers of food. Where did all the good land go? They attacked their productive people and are now reaping the dividends. The rot is continuing even to this day, that guy who just took over probably has handed himself his own poison chalice but honestly I don't think he cares.

In SA they are doing something similar, trying to repossess land from white farmers. AFAIK this is much more measured and they are being paid for it though. Good idea? Probably not. They should probably be focusing on actually building something themselves rather than doing what they are very famous for. Taking something that someone else built up from nothing and running into the ground.

So it's the African's fault?

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and didn't white farmer killed the native and made them slaves. IF currently white farmers are killed , white farmer r just receiving the favor their ancestor gave to natives, by the way i don't support these hatred cycle it has to end some where.
Coming to your point why most of African countries are still poor, during colonization, colonist followed the policy of divide of rule, there are so many ethic communities there, due to policy of divide of rule , peace that existed between tribe before got completely destroyed , hatred has reached to such a level that u can see in some african countries where ethic cleansing happens , it has been happening because of hatred cycle that was generated due to colonist divide and rule policy Even when colonialist left the country they further spread hatred among various communities . For a country to progress peace is must which does not exist in most of african countries. Of course you can blame African people who are still involved in hatred cycle for there misery but colonist are also responsible for it. Who were the colonist u have the idea.
Apart of these , weather of africa is also harsh but amount of benefit the world is getting from africa , africa is getting very low return from world , instead weapons are provided to warlords by entities that just want to extract resources from africa and don't give any dam about country. or setup a puppet government what works for them

Whose talking about during colonization? Africa is the motherland of all human life right? Why weren't there huge standing armies and large cities with all the resources it has? Surely they made great strides in the years of human development didn't they?

[PaladinBash]

Yeah but if more Africans survive to breed, they will just breed even more and more, making the problem worse. When they can't find resources in their own shitbox countries torn apart by wars and disease and lack of government/infrastructure, they just try to invade Europe. The worst possible thing that billionaires could do is try to increase that population any further. The main problem of poverty is those in poverty breeding more people than they can support, making shit worse for another generation that will be a burden on those more successful. They're not a burden on the rich, they're a burden for the middle and working classes. Making more poor people (by keeping them alive long enough to make more poor people) is inherently bad for everyone not poor.

So no, billionaires shouldn't be giving handouts. They shouldn't have the power and influence they have, that's true, but just demanding their moneys is going to make shit worse, assuming you could force them to give it up, which you can't. Yeah you can corrupt the stupid children of a few rich and powerful people with communist self-hatred and bullshit, but that just means there's more money and power to be grabbed by another generation that isn't retarded. That's the nature of a competitive system.

TL;DR poor people suck, rich people aren't going to give them shit, deal with it

[NihilSustinet]

So you want to stop people from receiving the money they earned, and instead give it to the people who did shit all to earn it? Hahahahahahah! You Socialists are so fucking hilarious...

capitalists have a funny definition of "earn"

[Nihilist74]

I was bored at work one night and looked up online how much profits america generated last year. It was over 2 trillion dollars. I divided that by 380 million ( american population ). I think it came out to 380 thousand dollars per american citizen. I do not remember what the numbers were exactly but they were close to this.

Its more about being a modern form of slavery than for it being as simple as "Rich people give us your money."

[Spiral Mage]

With money comes corruption. So there's no virtue there. A FEW of them are investing in potentially civilization saving projects behind the scenes but most of them are just clinging to every dime they have like they can take it with them when they die and impress God or something.

[Forogil]

With money comes corruption.

Corruption comes with small amounts of money as well - and generally the less affluent societies are more corrupt; https://www.transparency.org/news/fe...ons_index_2016
There are some minor exceptions - in particular the US is fairly corrupt for its wealth, but still far better off than a poorer and corrupter country like Russia - or all of Africa.

In addition the general ignorance of the world as shown by many, and the idea that the rich are in some way cause of the poverty or that redistributing the wealth would fix the problem are all part of the poverty and corruption problem, not the solution - since it is linked to an incorrect zero-sum world view that makes people think that wealth is static and all that matters is that your own snout is in the trough instead of your neighbours, and that creates a vicious cycle of bad rulers and corruption and slow wealth growth.

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I was bored at work one night and looked up online how much profits america generated last year. It was over 2 trillion dollars. I divided that by 380 million ( american population ). I think it came out to 380 thousand dollars per american citizen. I do not remember what the numbers were exactly but they were close to this.

No those numbers aren't correct.

2 trillions (which is close to what companies make in profit) divided by 325 millions (US population - http://www.worldometers.info/world-p...us-population/ - https://www.census.gov/) give 6 thousand.

Its more about being a modern form of slavery

Only if you are ignorant about slavery.

[Super Kami Dende]

Ahh yes, all these people telling others they should support everyone else. The greediest People I know are mostly progressive lmao.

[Deleted]

Oh really? And they needed a study to know this?

Honestly people, don't wait for others to spoon feed you anything in life and make something of it on your own already.
You can't be a child forever.

[Deleted]

In theory perhaps. But throwing giant piles of money at problems only works if it is managed properly and a project of this scope would surely be fucked up.