62 Members of the Elite Have as Much Money as the Poorest 3.6 Billion People on the Entire Planet
Posted by UncommonSense 8 years, 10 months ago to Economics
"Back in 2010, 388 members of the elite had as much wealth as the poorest half of humanity. But since then that number has been steadily falling and now it is down to just 62. At this pace, Oxfam is projecting that in just a few years a single person will have as much money as the poorest half of the global population combined."
Yep, change we can all believe in. Will all this change in 2016 with the General Election? Well, here's this:
"“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy” (Georgetown University Professor Carroll Quigley, Tragedy and Hope, 1966.)
Yep, change we can all believe in. Will all this change in 2016 with the General Election? Well, here's this:
"“The argument that the two parties should represent opposed ideals and policies, one, perhaps, of the Right and the other of the Left, is a foolish idea acceptable only to doctrinaire and academic thinkers. Instead, the two parties should be almost identical, so that the American people can ‘throw the rascals out’ at any election without leading to any profound or extensive shifts in policy” (Georgetown University Professor Carroll Quigley, Tragedy and Hope, 1966.)
Previous comments...
"is from pages 5-6 of Richard Epstein’s magisterial 2014 study, The Classical Liberal Constitution:
At root, the classical view of American constitutionalism examined all legal interventions under a presumption of error. The structural protections of the separation of powers, check and balances, federalism, and the individual rights guarantees built into the basic constitutional structure were all part of combined efforts to slow down the political process that, left to its own devices, could easily overheat.
Epstein goes on to show that what he calls “a presumption of error” – that is, a wise presumption that individuals exercising the power of the state, even when democratically elected, always exercise such power with limited knowledge and under the strong temptation to enhance their own private welfare at the expense of the public – was discarded as “Progressivism” took hold of Americans’ minds. The state then came to been seen as, if not the only, certainly the best means of curing whatever ills afflicted (or were thought to afflict) society. Therefore, the U.S. Constitution’s obstacles to state intervention were regarded by “Progressives” as obstacles to the social and economic progress promised by vigorous government – obstacles to the obvious need for a benevolent government to act energetically, quickly, and with the wide discretion needed for effective social engineering.
In short, the prudent and appropriate fear of state power that animated America’s founding generation was replaced by imprudent impatience for salvation by the state.
Sheeple is not a source and neither are 50 year old quotes that fell on deaf ears then and deaf ears now.
What I wouldn't give to see a plan, a solution a candidate's name aoffered? But no when that happens it's slam dunk in the trash defeatism. You deserve to go under martial law. you've earned it.
US billionaires - regardless of political leanings. I recall when gates billions had produced x other billionaires, y other millionaries, z other upper middle class and I think most through stock options and pick a new letter A direct employees and B other companies and so forth positions.
Then a listing of the current 62 would be useful and Compare the 100 russian billionaires in that respect to the top 100 in the US or Europe or Latin America
My point is we're better off with with fettered capitalism than unfettered socialism and unfettered capitalism would be a much preferred goal.
Maybe the addition and example of the other commenters will give this question the due diligence it deserves.