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#267941 - 01/25/14 01:15 PM 85 People
Bored Member Offline
stranger

Registered: 03/09/10
Posts: 112
Kinda mindboggling !

Quote:
The combined wealth of the world's richest 85 people is now equivalent to that owned by half of the world's population – or 3.5 billion of the poorest people


http://www.cnbc.com/id/101348398

If case you ever wonder what one of them would they spend their money on !


Quote:
Hong Kong billionaire Cecil Chao 'doubles marriage bounty to £80m' for man who marries his lesbian daughter.

Now, the 77-year-old has reportedly told the Malaysian newspaper Nanyang Siang Pau that he would consider doubling the money offered to HK $1billion after his first offer attracted 20,000 unsuccessful responses.


http://www.independent.co.uk/news/world/...er-9080919.html

[/quote]

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#267944 - 01/25/14 04:07 PM Re: 85 People [Re: Bored Member]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707

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#267956 - 01/26/14 02:02 AM Re: 85 People [Re: Bored Member]
NW Ponderer Offline
Moderator
veteran

Registered: 09/09/11
Posts: 11799
So, what really is the difference between the old nobility and the current excessive class?
_________________________
A well reasoned argument is like a diamond: impervious to corruption and crystal clear - and infinitely rarer.

Here, as elsewhere, people are outraged at what feels like a rigged game -- an economy that won't respond, a democracy that won't listen, and a financial sector that holds all the cards. - Robert Reich

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#267957 - 01/26/14 02:47 AM Re: 85 People [Re: Bored Member]
california rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 36064
Loc: Bay Area, California


Us in the 3.5 billion group of human beings who make up the pool of potential 1-percenters do have one advantage in life: we are extremely unlikely to ever to know a one-percenter. If we do, of course, we hope that we will understand that they really can’t help themselves — some people are just unable to overcome the personal bad habits that made them sociopaths...rich.

One can only hope that in their next life, that they choose better parents/countries/situations to be born into!

_________________________
Contrarian, extraordinaire



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#267958 - 01/26/14 03:08 AM Re: 85 People [Re: NW Ponderer]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
Originally Posted By: NW Ponderer
So, what really is the difference between the old nobility and the current excessive class?

Hi-Tech?

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#267961 - 01/26/14 03:23 AM Re: 85 People [Re: Joe Keegan]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707

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#267983 - 01/26/14 11:55 PM Re: 85 People [Re: Bored Member]
Jeffery J. Haas Offline
veteran

Registered: 08/03/04
Posts: 10490
Loc: Downey, California
Dispatches from the Angry Rich...



_________________________
"Our options for change range from basically what we have plus a little more Hayek,
to what we have plus a little more Keynes. Why?"

---Benjamin Bratton

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#267984 - 01/27/14 12:01 AM Re: 85 People [Re: Bored Member]
Jeffery J. Haas Offline
veteran

Registered: 08/03/04
Posts: 10490
Loc: Downey, California
I love how O'Leary immediately launches into the diatribe about "redistributing wealth", as if making wealthy people pay a more fair share of their taxes equals redistribution.

No matter how many centuries go by, wealthy people never seem to grasp the fact that, for a capitalist system to function, "the little people" have to have enough money to be able to buy things.
Once you go past a certain level of economic inequality the system collapses.

Incredible, they never EVER seem to grasp that one fact.
_________________________
"Our options for change range from basically what we have plus a little more Hayek,
to what we have plus a little more Keynes. Why?"

---Benjamin Bratton

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#267987 - 01/27/14 01:03 AM Re: 85 People [Re: Jeffery J. Haas]
california rick Offline
Member
Carpal Tunnel

Registered: 05/09/05
Posts: 36064
Loc: Bay Area, California
Quote:
Godwin's Law

As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches 1


_________________________
Contrarian, extraordinaire



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#267988 - 01/27/14 07:17 AM Re: 85 People [Re: Jeffery J. Haas]
Joe Keegan Offline
veteran

Registered: 12/25/05
Posts: 8707
The "Too Big To Fail (and jail)" is the antithesis of capitalism. We now have fascism, and not capitalism. The money is being redistributed: it's being redistributed up.

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