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Posted: 1/19/2015 8:37:09 AM EST
http://edition.cnn.com/2015/01/19/world/wealth-inequality/index.html?eref=edition

(CNN)Turns out, the rich really are getting richer. And they'll soon own more than the rest of us put together.

So says a new report, which estimates that the richest 1% will have as much wealth as the other 99% combined by next year.

"The richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014," Oxfam says in a report Monday.

At that rate, the wealthiest will own more than 50% by next year, according to the report.

"Do we really want to live in a world where the 1% own more than the rest of us combined?" asked Winnie Byanyima, executive director of the international aid agency.
Link Posted: 1/19/2015 8:38:25 AM EST
Progressive hit piece!!
Link Posted: 1/19/2015 8:39:01 AM EST
FPNI.

Wealth is NOT a zero sum game.
Link Posted: 1/19/2015 8:39:44 AM EST
I wish I knew their secret
Link Posted: 1/19/2015 8:41:12 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By searchin4shacks:
Progressive hit piece!!
View Quote

Do expect anything less from CNN
Link Posted: 1/19/2015 8:43:17 AM EST
God, I hope so. I love the fact that people can become wealthy beyond my own imagination. Think of the cool shiot those people will do with all of that money. New companies created from whole cloth based on their investments. Whole regions uplifted soely because of their philanthropy. Jobs, new scientific discoveries, more goods and services purchased, the list is endless.

I hope every single one of us becomes so rich through our own work and planning that the 1% includes 5 or 6 billion of us.

Class warfare is a stupid, stupid premise to hang your worldview on.
Link Posted: 1/19/2015 8:43:19 AM EST
You do realize that 1% of 260,000,000 people is 2.6 million people right? It is not surprising that 2.6 million people that work really hard and reinvest in business own more than the other 258 million people.
Link Posted: 1/19/2015 8:43:20 AM EST
Class warfare. Never been done before.
Link Posted: 1/19/2015 8:43:58 AM EST
Set up a system where 1/2 of the people don't have to work and we wonder

why those same people are perpetually broke?

Link Posted: 1/19/2015 8:45:31 AM EST
And yet, them being rich doesn't make me, or anyone else poor.
Link Posted: 1/19/2015 8:45:42 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By makintrax73:
Set up a system where 1/2 of the people don't have to work and we wonder

why those same people are perpetually broke?

View Quote
Yep. Cut it all off. An empty stomach is a powerful motivator.
Link Posted: 1/19/2015 8:45:53 AM EST
[Last Edit: 1/19/2015 8:49:56 AM EST by TarzanT]
Any zero expanation about the reason... Seems when the Fed pumps billions into the market to 'increase liquidity' it goes into companies/entities that were already owned by the rich. As a result the rich get richer. Did they really believe the 99% owned those companies in the first place? Just another symptom of the government creating a situation and then screaming about the evil capitalists. BTW, what did the infusion of all that cash do to the actual value of the dollar? If the Saudis were not pumping oil like crazy, the global oil market would still be selling oil at $100 a barrel - not because oil increased in value, but rather the dollar decreased in value.



ETA. According to Gallup, the median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, this means that even the U.S. welfare recipient is part of the 1%.
Link Posted: 1/19/2015 8:46:23 AM EST
Originally Posted By Palooka84:
http://edition.cnn.com/2015/01/19/world/wealth-inequality/index.html?eref=edition

(CNN)Turns out, the rich really are getting richer. And they'll soon own more than the rest of us put together.

So says a new report, which estimates that the richest 1% will have as much wealth as the other 99% combined by next year.

"The richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014," Oxfam says in a report Monday.

At that rate, the wealthiest will own more than 50% by next year, according to the report.

"Do we really want to live in a world where the 1% own more than the rest of us combined?" asked Winnie Byanyima, executive director of the international aid agency.
View Quote

i DON'T REALLY CARE WHAT THEY OWN.
Link Posted: 1/19/2015 8:48:13 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By EagleArmsHBAR:
You do realize that 1% of 260,000,000 people is 2.6 million people right? It is not surprising that 2.6 million people that work really hard and reinvest in business own more than the other 258 million people.
View Quote


especially when 90 million do jack shit all day except doing drugs and having more out of wedlock babies on welfare.
Link Posted: 1/19/2015 8:49:35 AM EST
If they busted their ass to get that money then they are probably employing a shitload of people.

If they inherited the money then it is probably invested in something that employs a shitload of people.

Link Posted: 1/19/2015 8:49:57 AM EST
Originally Posted By Palooka84:
http://edition.cnn.com/2015/01/19/world/wealth-inequality/index.html?eref=edition

(CNN)Turns out, the rich really are getting richer. And they'll soon own more than the rest of us put together.

So says a new report, which estimates that the richest 1% will have as much wealth as the other 99% combined by next year.

"The richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014," Oxfam says in a report Monday.

At that rate, the wealthiest will own more than 50% by next year, according to the report.

"Do we really want to live in a world where the 1% own more than the rest of us combined?" asked Winnie Byanyima, executive director of the international aid agency.
View Quote


Obama's was in charge here...
Link Posted: 1/19/2015 8:50:03 AM EST
The libs are getting desperate and resorting to the old class envy card....zero has been pulling this lately too.
Link Posted: 1/19/2015 8:53:50 AM EST
Link Posted: 1/19/2015 8:54:19 AM EST
Don't care and personally don't understand the hatred the left has for the wealthy.
Link Posted: 1/19/2015 8:54:39 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By EagleArmsHBAR:
You do realize that 1% of 260,000,000 people is 2.6 million people right? It is not surprising that 2.6 million people that work really hard and reinvest in business own more than the other 258 million people.
View Quote


Yep, not to mention the majority of their wealth is tied up in business asstets, not in scrooge mcduck swimming pools of money.

Take away and split up their assets, business, property and watch that wealth dissappear.
Link Posted: 1/19/2015 8:55:12 AM EST
Given the majority of the super rich, do nothing, didn't earn their wealth and are hardcore leftists, who will use their money to fuck up the country and generally sabotage everything...

...I always get a little chuckle when people on the right demand we do nothing except let them play without consequence. Low information voters and all that.
Link Posted: 1/19/2015 8:55:20 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By chadjetlag:
The libs are getting desperate and resorting to the old class envy card....zero has been pulling this lately too.
View Quote

You cannot count on the general public to be smart, but you can count on many of them being envious of others. That is the Democrat voting block.
Link Posted: 1/19/2015 8:56:41 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By EagleArmsHBAR:
You do realize that 1% of 260,000,000 people is 2.6 million people right? It is not surprising that 2.6 million people that work really hard and reinvest in business own more than the other 258 million people.
View Quote



Its not just the US population. They are talking "global wealth" so I assume they are talking 1% of the global population.

The numbers aren't the least bit shocking or troubling at all. Especially considering they are counting every primitive native community in Africa and South America. Not to mention the billions living in the various undeveloped nations of the world.

And as a previous poster said, its not a zero sum game anyway.
Link Posted: 1/19/2015 8:56:59 AM EST
Two questions for you, OP:

1. Why are you concerned with how much someone else owns?

2. Why do you not own more?
Link Posted: 1/19/2015 8:59:27 AM EST
Own more than us? They are talking globally OP. YOU are the 1% they are talking about because you aren't living in a grass hut. The 99% mentioned in that story has an average wage of $1.25/day.
Link Posted: 1/19/2015 9:00:54 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By AgeOne:


Yep, not to mention the majority of their wealth is tied up in business asstets, not in scrooge mcduck swimming pools of money.

Take away and split up their assets, business, property and watch that wealth dissappear.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By AgeOne:
Originally Posted By EagleArmsHBAR:
You do realize that 1% of 260,000,000 people is 2.6 million people right? It is not surprising that 2.6 million people that work really hard and reinvest in business own more than the other 258 million people.


Yep, not to mention the majority of their wealth is tied up in business asstets, not in scrooge mcduck swimming pools of money.

Take away and split up their assets, business, property and watch that wealth dissappear.

Only for a short time. If you took all of the riches in the world from the wealthy and gave it to the poor, it wouldn't take long, at all, for the once wealthy to be wealthy again and the poor to be right back where they started.
Link Posted: 1/19/2015 9:03:48 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Federov:
Given the majority of the super rich, do nothing, didn't earn their wealth and are hardcore leftists, who will use their money to fuck up the country and generally sabotage everything...

...I always get a little chuckle when people on the right demand we do nothing except let them play without consequence. Low information voters and all that.
View Quote

Right on brother.

I say that at the end of Q4 every year everyone writes a check for the total value of their assets to fedgov.

After processing and reallocation, we begin Q1 sometime after Valentines day and the whole game starts over fresh and clean.

Zero interference, no special interests, no special favors.

I mean, the federal government basically owns everything anyway so why not just let them divide it up fairly and equally?
Link Posted: 1/19/2015 9:08:26 AM EST
Interesting, in that the Article is a call for Global communism.

WTF are we supposed to do about Global inequalities?


CNN really is the Communist News network.

Meanwhile, the "global elite" members had an average wealth of $2.7 million each last year, it says.

The report comes a day before President Barack Obama is expected to unveil proposals that close tax breaks on the wealthy.



So, if you have a house in an expensive neighborhood, and a decent retirement account, you are a member of the "Global Elite" and therefore a sheep to be sheared.
Link Posted: 1/19/2015 9:11:46 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Federov:
Given the majority of the super rich, do nothing, didn't earn their wealth and are hardcore leftists, who will use their money to fuck up the country and generally sabotage everything...

...I always get a little chuckle when people on the right demand we do nothing except let them play without consequence. Low information voters and all that.
View Quote


lol
Link Posted: 1/19/2015 9:12:51 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BillofRights:
Interesting, in that the Article is a call for Global communism.

WTF are we supposed to do about Global inequalities?


CNN really is the Communist News network.

Meanwhile, the "global elite" members had an average wealth of $2.7 million each last year, it says.

The report comes a day before President Barack Obama is expected to unveil proposals that close tax breaks on the wealthy.



So, if you have a house in an expensive neighborhood, and a decent retirement account, you are a member of the "Global Elite" and therefore a sheep to be sheared.
View Quote
A house in an expensive neighborhood and a retirement account? Dude if you ever have to decide WHAT to eat because so much is available, have

a flush toilet, and hot and cold running water in your home, you are part of the global elite. Capitalism and the free market can NOT make everyone

equal. It can however create something that is an anomaly in all of human history......fat poor people. That is why so much of the world hates America.

We have fat poor people. In other countries, fatness can be a sign of wealth because it shows you have the money to indulge on food. So how does

it make everyone else feel when our FSA is fat? But I guarantee that socialism and communism can make everyone equally poor and miserable.
Link Posted: 1/19/2015 9:12:55 AM EST
Equality is a myth.
Link Posted: 1/19/2015 9:15:18 AM EST
They are not rich in a vacuum. They employ one hell of a lot of folks to be able to stay that way.
Link Posted: 1/19/2015 9:16:49 AM EST
[Last Edit: 1/19/2015 9:21:48 AM EST by Miami_JBT]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By bassackwards:
I wish I knew their secret
View Quote

Crony Capitalism, Socialism, Corruption, Old Family Money.

The majority of those they mentioned are us. But the truly super rich are socialistic leftist assholes.
Link Posted: 1/19/2015 9:20:02 AM EST
Originally Posted By Palooka84:
http://edition.cnn.com/2015/01/19/world/wealth-inequality/index.html?eref=edition

(CNN)Turns out, the rich really are getting richer. And they'll soon own more than the rest of us put together.

So says a new report, which estimates that the richest 1% will have as much wealth as the other 99% combined by next year.

"The richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014," Oxfam says in a report Monday.

At that rate, the wealthiest will own more than 50% by next year, according to the report.

"Do we really want to live in a world where the 1% own more than the rest of us combined?" asked Winnie Byanyima, executive director of the international aid agency.
View Quote


that's a sign of a healthy economy and society. Shrinking the middle class a little more too will help get things back on track.
Link Posted: 1/19/2015 9:20:05 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BillofRights:
Interesting, in that the Article is a call for Global communism.

WTF are we supposed to do about Global inequalities?


CNN really is the Communist News network.

Meanwhile, the "global elite" members had an average wealth of $2.7 million each last year, it says.

The report comes a day before President Barack Obama is expected to unveil proposals that close tax breaks on the wealthy.



So, if you have a house in an expensive neighborhood, and a decent retirement account, you are a member of the "Global Elite" and therefore a sheep to be sheared.
View Quote


2.7 million net worth puts you in the global elite? I wonder how many of these evil rich elites we have on ARFCOM then?

Posted Via AR15.Com Mobile
Link Posted: 1/19/2015 9:22:01 AM EST
[Last Edit: 1/19/2015 9:22:27 AM EST by mousehunter]
I guess it is salad days for the 1%'ers. Damn it's good to be a king.
Link Posted: 1/19/2015 9:22:10 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By bassackwards:
I wish I knew their secret
View Quote

I do, money makes money, connections allow them to share info amongst themselves so they may all get richer.
I wish I was in the inner circle. I just work for them.
Link Posted: 1/19/2015 9:24:45 AM EST
And I bet 99 % of the 1% are getting rich off government. The Feds are printing 80 billion a month.
Link Posted: 1/19/2015 9:25:36 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By BillofRights:
Interesting, in that the Article is a call for Global communism.

WTF are we supposed to do about Global inequalities?


CNN really is the Communist News network.

Meanwhile, the "global elite" members had an average wealth of $2.7 million each last year, it says.

The report comes a day before President Barack Obama is expected to unveil proposals that close tax breaks on the wealthy.



So, if you have a house in an expensive neighborhood, and a decent retirement account, you are a member of the "Global Elite" and therefore a sheep to be sheared.
View Quote


No, because you're going to offshore your earnings, reallocate asset holdings, & pull various other maneuvers to protect your wealth. Oh, & don't forget to raise the price of the goods & services you market to (predominantly middle class) consumers, to cover those big tax increases you can't avoid.

No matter who they're intentionally aiming at, social engineers always end up shooting the middle class.
Link Posted: 1/19/2015 9:26:38 AM EST
Link Posted: 1/19/2015 9:27:35 AM EST
Originally Posted By Palooka84:
http://edition.cnn.com/2015/01/19/world/wealth-inequality/index.html?eref=edition

(CNN)Turns out, the rich really are getting richer. And they'll soon own more than the rest of us put together.

So says a new report, which estimates that the richest 1% will have as much wealth as the other 99% combined by next year.

"The richest 1% have seen their share of global wealth increase from 44% in 2009 to 48% in 2014," Oxfam says in a report Monday.

At that rate, the wealthiest will own more than 50% by next year, according to the report.

"Do we really want to live in a world where the 1% own more than the rest of us combined?" asked Winnie Byanyima, executive director of the international aid agency.
View Quote


In my opinion, the richest 1% being Richie Rich rich is fine, so long as they don't start investing in some damned fool communist crusade like Bloomberg and the like. I mean seriously, you're rich! Indulge in shit like sharks with friggin' laser beams on their foreheads...that's what I would do. :-)
Link Posted: 1/19/2015 9:28:03 AM EST
When you try to make something fool proof, nature comes up with a better fool.
Link Posted: 1/19/2015 9:30:35 AM EST
Link Posted: 1/19/2015 9:33:48 AM EST
[Last Edit: 1/19/2015 9:58:54 AM EST by RedDane]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By WhirlyGirl45:

I do, money makes money, connections allow them to share info amongst themselves so they may all get richer.
I wish I was in the inner circle. I just work for them.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By WhirlyGirl45:
Originally Posted By bassackwards:
I wish I knew their secret

I do, money makes money, connections allow them to share info amongst themselves so they may all get richer.
I wish I was in the inner circle. I just work for them.


Very true. Talent sometimes replaces start-up money but you're right on target.

Connections, talent, good advice and drive are how most people ascend the ranks.

In my experience it goes like this: 1. you have talent 2. you consult your advice pool 3. you sell talent to your connections 4. you and your connections make money together.

A lot of business is knowing the right people.
Link Posted: 1/19/2015 9:36:49 AM EST

US population is up to about 316 million. SNAP participants number 1 in 6 of this and suck down about 6.7 BILLION dollars monthly. http://www.fns.usda.gov/sites/default/files/pd/SNAPsummary.pdf 1 in 6, of every man, woman and child in the US, on the tit. Who pays for it? Well the other 5 of 6? Nope. Children aren't paying in, low wage workers aren't paying in, etc.

What is a 1%er? Had a guy at work a couple weeks ago bitch, bitch, bitch about how the 1%er are running the country. I let him finish, then asked him what a 1%er was. He looked at me like I had just farted in his face. He then spit out a stupid high number for annual income. I smiled and told him to Google it. Turns out he was much closer to being a 1%er than he ever would have thought.

I get it, those that put in the effort to be a net positive are evil, those that live off the tit are the pillars of our society.
Link Posted: 1/19/2015 9:39:37 AM EST
wealth is not a zero sum game, you can complain about not having money or you can do something about it and go out and get your piece of the pie.
Link Posted: 1/19/2015 9:40:44 AM EST
If you look at it on a world scale, probably 99% of us on this forum is the 1% ers
Link Posted: 1/19/2015 9:41:09 AM EST
Fuck CNN. Why not just quote WHite House press releases.

Typical Alinsky community organizer bullshit stirring up class warfare crap.
Link Posted: 1/19/2015 9:43:18 AM EST
The actual numbers: https://publications.credit-suisse.com/tasks/render/file/?fileID=60931FDE-A2D2-F568-B041B58C5EA591A4

Anyone who has been putting money in a 401k for the last decade is in the top 10% unless you lost it all in a divorce or something.
Link Posted: 1/19/2015 9:43:21 AM EST
[Last Edit: 1/19/2015 9:43:35 AM EST by crurifragium]
If you have a net wealth of $1, you likely 'have more wealth than 100s of millions of the world population combined."
Link Posted: 1/19/2015 9:44:24 AM EST
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By cavedog:
If they busted their ass to get that money then they are probably employing a shitload of people.

If they inherited the money then it is probably invested in something that employs a shitload of people.

View Quote


This.

It is IMPOSSIBLE to stay wealthy any other way.

Actually, best way to stay multi-generational wealthy is to get into politics. Just ask the Kennedys, the Bushs and countless others.
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