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Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
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RoastBeefCurtains4Me Offline
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Post: #22
RE: Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
Math is hard.

I can't believe I have to be the first to point this out. The article says that by these 62 people having wealth equal to the lower half of the world's population, they have half the world's wealth.

I hope everybody who takes a second to think about this sees the problem.

The lower half of the world's population has extremely little wealth (ie. Net Worth). I would estimate without looking it up that the lower half probably has about 5% of the world's wealth. Therefore these 62 people together have about 5% of the world's wealth. That's still a lot, but it is a full order of magnitude less than the 50% the article claims. This is pure SJW bullshit.

Frankly, I don't think it is that surprising that the top 62 major fortunes represent this portion of the world's wealth. Keep in mind that most of the lower 50% has the opportunity to improve themselves, spend less than they earn, and build up some savings and net worth. If everyone in the lower 50% increased their net worth by $1000, that would be $3.5 trillion in wealth. However, they lack the cultural background, self-discipline, capacity for delayed gratification, and basic intelligence to do so. They will never have any significant net worth. Even if the SJWs seized 100% of the assets of these 62 people and distributed it to the bottom 50%, they would spend every cent immediately, and still have no wealth.

I'm the tower of power, too sweet to be sour. I'm funky like a monkey. Sky's the limit and space is the place!
-Randy Savage
(This post was last modified: 01-21-2016 12:18 PM by RoastBeefCurtains4Me.)
01-21-2016 12:16 PM
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Messages In This Thread
RE: - zero1 - 01-21-2016, 07:33 PM
! - DjembaDjemba - 01-21-2016, 12:11 PM
RE: Global wealth inequality - poutsara - 01-21-2016, 11:24 PM
RE: Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest - RoastBeefCurtains4Me - 01-21-2016 12:16 PM

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