Richest 1% To Own More Than The Rest Of The World By 2016

[hmbld]

I just read over 125 billionaires have signed the giving pledge, pledging to give away at least 50% of their total wealth.

If I had a billion dollars, I'd enjoy giving away more than 50%.

 

I'd give my kids a couple of million each, set aside ten million for me and the misses, then travel the world looking for individual people to help.

Lol that brings up one point I was thinking. It seems common place for many rich people to set up a foundation in their own name. I guess they want their name to live longer than they physically can. Never understood why would I care about my name, especially after I've died? Lol

[Fez]

To be very honest if I had the choice of being in the 1% or the 99%, I would choose the 1%. Do I love money? Those who know me well enough will tell you no. 

[Guest shiloh357]

I heard a man say once, "I've been rich and I've been poor;  rich is better."  

[Qnts2]

 

 

I just read over 125 billionaires have signed the giving pledge, pledging to give away at least 50% of their total wealth.

If I had a billion dollars, I'd enjoy giving away more than 50%.

 

I'd give my kids a couple of million each, set aside ten million for me and the misses, then travel the world looking for individual people to help.

Lol that brings up one point I was thinking. It seems common place for many rich people to set up a foundation in their own name. I guess they want their name to live longer than they physically can. Never understood why would I care about my name, especially after I've died? Lol

 

 

I am somewhat guessing on this. A foundation often has money raising events. Foundation formed by the wealthy, will often have events inviting the wealthy to contribute. In that case, having the name of a well known wealthy person as the name of the foundation probably instills trust, or significance to the people most likely to contribute large sums.

[Riverwalker]

you want some, go earn some

 

I will not chase after mammon

[Guest]

To be very honest if I had the choice of being in the 1% or the 99%, I would choose the 1%. Do I love money? Those who know me well enough will tell you no. 

Not sure if I would choose to be in that 1% or not, I am quite content to be in the 99%. I am considered in poverty in my own country, but I am probably quite rich by world standards. If I were to choose between the upper 1% or the lower 1%, I am quite confident I would opt for the upper - I could always give wealth away and stop short of giving away 'too much'. 

 

What I wonder is, if the wealth of the upper 1% were distributed evenly among the world population, would that change things much?

 

In any case, I suspect Jesus  was quite right when He said:

 

"The poor you will always have with you, and you can help them any time you want."

 

It is not our place to be concerned with those in the upper 1%, it is our place to be concerned about the poor. Are we?

[udx]

Americans are already the global top 1% in terms of income.

Just need $34,000 a year to qualify, according to 2012 statistics. Over 50% of the world's top 1% earners are in America.

 

http://www.dailymail.co.uk/news/article-2082385/We-1--You-need-34k-income-global-elite--half-worlds-richest-live-U-S.html

[Guest]

All of the above is one image - source: Barna Research Group

[other one]

Question????    it is really true????

[SavedOnebyGrace]

I just find this so sad.  This is definitely a group of people who need our prayers.

 

Richest 1% to own more than rest of world, Oxfam says

The wealthiest 1% will soon own more than the rest of the world's population, according to a study by anti-poverty charity Oxfam.

 

The charity's research shows that the share of the world's wealth owned by the richest 1% increased from 44% in 2009 to 48% last year.

 

On current trends, Oxfam says it expects the wealthiest 1% to own more than 50% of the world's wealth by 2016.

 

(article continued at the link above.)

Jesus said, "For it is easier for a camel to enter in {to go} through a needle's eye, than for a rich man to enter into the kingdom of God."

 

The rich are to be pitied.  Too often I believe we envy the rich their wealth, or lack of hurdles to jump over in life.  That viewpoint is short-sided missing the goal of this life.  I wasn't saved so I could be wealthy.