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View Full Version : Bill Gates has solved our wealth distribution problems


onetrack
23rd Jan 2014, 02:55
Bill Gates has just made a terrific announcement that no nation will be in poverty by 2035.

Bill Gates predicts almost no poor countries left by 2035 in annual letter - Australia Network News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/2014-01-22/bill-gates-predicts-almost-no-poor-countries-left-in-2035/5213712?section=australianetworknews)

He sounds just like a BS-artist PM we had in the 1980's ("by 1990, no Australian child will be living in poverty"). :rolleyes:

Bob Hawke - 'By 1990 No Child will be Living in Poverty'. - YouTube


Bill seems to have ignored a few little factors at work here. It's currently being reported that 85 people in the world have the equivalent wealth of the worlds poorest 3.5 billion people - and that the rich are continuously getting richer, and the poor are continuously getting poorer.

Further to that news, is that revolts and protests related to corruption and unjust enrichment, are increasing, worldwide.

Sorry, Bill - as the kids would say - FAIL.

The World?s 85 Richest People Own as Much as the 3.5 Billion Poorest | TIME.com (http://business.time.com/2014/01/20/worlds-85-wealthiest-people-as-rich-as-3-5-billion-poorest/)

dubbleyew eight
23rd Jan 2014, 03:02
it just shows how clueless the wealthy are.

MG23
23rd Jan 2014, 03:07
Bill seems to have ignored a few little factors at work here. It's currently being reported that 85 people in the world have the equivalent wealth of the worlds poorest 3.5 billion people

Yeah, so?

If you took all that EVIL WEALTH and gave it to the poorest 3.5 billion people, they'd each have about $500 more.

The problem is not that a few people each have a few billion dollars, but that half the planet are dirt poor.

Bushfiva
23rd Jan 2014, 03:08
Bill & Melinda Gates Foundation - Wikipedia, the free encyclopedia (http://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation) for miserable gits like W8.

500N
23rd Jan 2014, 03:15
W8

"it just shows how clueless the wealthy are."

Bill and Melinda know exactly what's going on.

Without even reading the Wiki piece, Bill and Melinda have done wonders
in some parts of the world, partly by bypassing the bureaucratic UN and
others and just doing it and showing up places like the UN.

Bill is much more in tune with helping places build than just handing out
money which he knows as well as anyone achieves nothing but short term
satisfaction.

anotherthing
23rd Jan 2014, 06:39
I'm still waiting for the paperless office to arrive. Only a few tens of years behind predictions.

I think that despite the good that BG does, his 2035 prediction is a flight of fantasy

Capetonian
23rd Jan 2014, 06:48
Distribution of wealth = Destruction of wealth.

Pity the lefties and socialists don't realise this simple truth.

charliegolf
23rd Jan 2014, 07:14
I'm still waiting for the paperless office to arrive. Only a few tens of years behind predictions.



It's because you can't wipe your arse with an iPad. Simples.

CG

onetrack
23rd Jan 2014, 07:23
Capetonian, that's a classic simple-minded statement, that appeals to shallow thinkers, and which bears no relationship to truth - and it's on a par with the perpetually-stated lie, that rich people create a multitude of jobs and thereby spread their wealth.
The fact that world wealth is INCREASING - but NOT spreading - and is being continually concentrated in the hands of the uber-rich, is what stops your wealth arguments in their tracks.

The largest proportion of the people in the world are at the mercy of financiers and corporations, whose only interest is self-interest, and the constant accumulation of monstrous wealth, via "unjust enrichment".

I have no problem with someone making money from their own exertions, but when it comes to making vast amounts of low-or-no-taxed money from other people exertions and deprivation, and by charging them excessively - then that's when my sense of fair play is offended.

I have just cancelled a credit card from a major local bank, which has had the temerity to try to charge me 19.99% interest on purchases and 21.49% on cash advances - when local official interest rates are currently 2.5%.
I rarely paid any interest, of course - but many people who are poor money managers, or struggling to survive financially, have no choice but to pay this kind of money in interest bills.
And of course, the major beneficiaries of this record profiteering are wealthy shareholders who already have more money than they know what to do with.

I have replaced the greedy banks card with one from a Credit Union - at 8.99% - which gives me a great deal of satisfaction that no longer am I supporting a greedy elite.

MG23 - And $500 given to the poorest people in the world, who usually struggle to exist, let alone earn any money at all - would be the equivalent to you and I winning $10M or 10M in Lotto. :)

However, once again, adopting the simplistic view that all the worlds money needs to be handed out, until everyone has an equal amount is not what I have ever suggested - and it's a classic "extremist" argument that is always used by anyone whose financial position feels threatened by an increase in taxes, or other means of fairer wealth distribution.

Solid Rust Twotter
23rd Jan 2014, 07:43
Redistribute equitably and those who grow and look after wealth will have the upper hand again in a couple of years, while those who don't will end up back where they started. Punishing those who who make things happen isn't going to solve the problem. In fact, there's a good chance it'll make it worse. Remove that motivation to get ahead and you can kiss off any new developments.

dead_pan
23rd Jan 2014, 08:45
It's currently being reported that 85 people in the world have the equivalent wealth of the worlds poorest 3.5 billion people

Question is, when will the 3.5 billion decide enough is enough and try to take what they believe to be their fair share? Tick tock.

Here's another thought-provoking article to get your blood up:

The truth is we are all living on Benefits Street | Simon Jenkins | Comment is free | The Guardian (http://www.theguardian.com/commentisfree/2014/jan/21/truth-is-we-are-all-living-on-benefits-street)

tony draper
23rd Jan 2014, 10:09
The best wealth redistribution ever was called the Black Death.:E

rh200
23rd Jan 2014, 10:45
MG23 - And $500 given to the poorest people in the world, who usually struggle to exist, let alone earn any money at all - would be the equivalent to you and I winning $10M or 10M in Lotto
Of which I'm told the vast majority of lotto winners have their lives ruined and becoming paupers again and worse off.

tony draper
23rd Jan 2014, 10:56
If you were to calculate the value of everything in the country, land personal wealth shares property ect and divide it up equally betwixt all the citizenry,come back in a hundred years and 99% of it would be back in the hands of the one percent again.
:rolleyes:

cattletruck
23rd Jan 2014, 11:28
Maybe this is what they mean by wealth distribution.

ANZ ethics under scrutiny over Cambodian sugar plantation loan (http://www.theage.com.au/business/banking-and-finance/anz-ethics-under-scrutiny-over-cambodian-sugar-plantation-loan-20140122-3196k.html)

From 5am, several days a week, 11-year-old Li* works alongside her mother, brother and uncle in a Cambodian cane field. The work is hot, hard and long. For bundling 600 pieces of sugar cane she receives one cent. Wealth distribution one cent at a time.

We all should have become bankers especially with government sponsored corporate welfare that they enjoy.

I still don't trust Bill Gates as he has a dubious history to get where he is today. I'd reckon he should give them all PCs and colour printers and let them print their own money - just like the wealthy Western banks.

500N
23rd Jan 2014, 11:40
"I still don't trust Bill Gates as he has a dubious history to get where he is today."

In what way ?

I could think of worse US business people.

Enron for a start.
Wall Street.

racedo
23rd Jan 2014, 11:49
He is correct.
Going to name the town Wealth instead of Poverty and their statement will be true.


As for Bill Gates ......................Where is the $10,000 you promised me in 1998 if I clicked on that link in the email.

cattletruck
23rd Jan 2014, 11:56
In what way ?I lived through the period Bill Gates was anti TCP/IP pushing his company's native network protocol and later Novell's network protocol in an attempt to destroy TCP/IP once and for all. Bill Gates was anti-internet until he saw the benefit it would give his company, so he then started bundleing his browser in his OS making it a mandatory OS component. There are thousands more stories like this.

dead_pan
23rd Jan 2014, 11:57
Whatever happened to the Make Poverty History campaign a few years back? I suspect the whole enterprise was quietly shelved when they realised knocking up a few placards wasn't going to change the world after all.

500N
23rd Jan 2014, 12:00
I lived through it as well and was working in the industry making
good money then as margins were good.

Yes, he was pro Novell and anti TCP/IP

I was mainly Mac though.


If only I purchased Apple, Microsoft and Netscape shares back then
I'd be a happy person now !!!

cattletruck
23rd Jan 2014, 12:05
Bill Gates could have changed his values in later years, I read somewhere that his parents sent him to a shrink as a child, maybe he's finally cured, I don't know as I don't see or hear him speak anymore.

Lonewolf_50
23rd Jan 2014, 13:59
Bill seems to have ignored a few little factors at work here. It's currently being reported that 85 people in the world have the equivalent wealth of the worlds poorest 3.5 billion people - and that the rich are continuously getting richer, and the poor are continuously getting poorer.

Bill and Melinda Gates recently gave away 100 Million Dollars to a charitable cause, and that is not the only example of their charitable donations. Now, get me 1 million of the poor from poor countries, where the monthly intake is equivalent of between 100-200 dollars. They are able to contribute NOTHING to research or charitable educational causes, as they are barely making it all fit together on a day to day basis. They can't each affort the 100 dollars that it would take to match the contribution from the Gates family. A million people NOT contributing to progress.

Do all wealthy people donate to charity? Don't know. Many of the super wealthy do for their own reasons, on their own agenda.

That leaves the 85 versus 3.5 billion number as an utterly irrelevant statistic. Most of those 85 own large companies, or own stock in large companies, companies that employ thousands of people, and whose contracts and sub contracts end up employing millions of people. Maybe those rich aren't as evil as they are painted.

The core economic problem is the slow, inexorable destruction of the middle class as globalization has spread, and not just in my country. It is that issue that I think the Davos people were trying to figure out. They are aware of how a substantial middle class represents an economic engine on a global scale.

dead_pan
23rd Jan 2014, 15:36
The core economic problem is the slow, inexorable destruction of the middle class as globalization has spread

I thought you were going to mention the s-word there...

Demographics also has a big part to play. Problem is we're all living too long, especially here in the wealthy west.

ORAC
23rd Jan 2014, 17:07
He sounds just like a BS-artist PM we had in the 1980's Perhaps you should have a word with the US President, Mr Obama. His target - working with the Gates Foundation amongst others - is 2030. (http://europesworld.org/2013/10/01/obamas-bolt-from-the-blue-end-all-poverty-by-2030/)...

MG23
23rd Jan 2014, 17:20
MG23 - And $500 given to the poorest people in the world, who usually struggle to exist, let alone earn any money at all - would be the equivalent to you and I winning $10M or 10M in Lotto. :)

Sorry, but that's plain nonsense.

$500 is $500. It will go further for some locally produced items, but it won't buy you more than $500 worth of anything traded on international markets. Want oil? It will buy about fire barrels whether you live in America or Africa.

According to this:

Worldwide, Median Household Income About $10,000 (http://www.gallup.com/poll/166211/worldwide-median-household-income-000.aspx)

The median annual income worldwide is about $3,000, and the country with the lowest median annual income is Liberia, at $118. So that $500 would be equivalent to somewhere between four years' income and two months for all but the bottomest of the bottom 50%.

Four years' income would probably be a nice bonus if you're Liberian, but you'd still be dirt poor.