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Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
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Parzival Offline
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Post: #35
RE: Global wealth inequality- 62 people are now as wealthy as world's 3,6 billion poorest
Some people are that poor, they can not safe money. You even have it in western countries. And I'm not talking about people that spend their money on crap. Then those people have kids, they can not afford a better education. In some countries kids even have to work that the family can survive. So also no improvement with education and a better job. How can you improve your situation when you can not save money to invest nor do you have access to knowledge that help you to create your own ideas?

If you are rich, well lucky you. Ordinary people can not avoid taxes. And they also should not because a country is in my opinion a community of people. Put a way greedy politicians that waste money. Building schools, roads etc is a good thing. So when you benefit from the system but then don't pay something back, you are a cheap person.
The problem is the interest and the compound interest. This makes prices rise. Look whats the compound interest on everything. So one person invest and want to make a profit. Fine, so he has a product and sell it. Maybe he went to a bank to borrow this money. He has to pay the interest. So he has not only pay his material, workers and his profit, he also has to pay the interest and the compound interest.
This ships more and more money to a few people and take it away from most people.

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For us, these conflicts can be resolved by appeal to the deeply ingrained higher principle embodied in the law, that individuals have the right (within defined limits) to choose how to live. But this Western notion of individualism and tolerance is by no means a conception in all cultures. - Theodore Dalrymple
01-21-2016 05:39 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 - Parzival - 01-21-2016 05:39 PM

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