World's eight richest people have same wealth as poorest 50% (user search)

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World's eight richest people have same wealth as poorest 50% (search mode)

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Meclazine for Israel
Meclazine
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Posts: 14,085

Re: World's eight richest people have same wealth as poorest 50%

« on: January 18, 2017, 04:56:22 PM »

Normally I would argue that it takes wealthy people to invest to create a middle class with jobs and prosperity, but that number is off the chart.

Here is an interesting article on how to deal with wealth disparity, unemployment etc.

Why a universal basic income is a poor substitute for a guaranteed job.

http://www.abc.net.au/news/2017-01-19/universal-basic-income-vs-job-guarantee/8187688

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Meclazine for Israel
Meclazine
Atlas Icon

Posts: 14,085

Re: World's eight richest people have same wealth as poorest 50%

« Reply #1 on: January 18, 2017, 08:10:35 PM »

IceAge,

I would not argue for either end of the spectrum.

They both seem unrealistic.

Just we have the capitalist extreme in place.

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