The cost of inequality: how wealth and income extremes hurt us all
The benefits to the non-rich of the creation of wealth by the rich mainly occur under conditions of freedom and laissez faire capitalism, where beyond a certain point, excess concentration of capital is incompatible with the division of knowledge and the benefits of the division of labor.Under capitalism, the rich will realize that they will be better off owning a smaller piece of a large pie in a prosperous society, than owning a large piece of a smaller pie in a hellhole.
“Poverty” can never be ended unless you kill all the poor people. People are not poor because of lack of money. Mt 26:11a “The poor you will always have with you,” (NIV)
There are roughly 10 billion people in the world. Let's say that roughly 24% live in poverty. That's 2.4 billion people. Since his $240 billion is said to eliminate this poverty four times over, this works out to 240B divided by four equals $60 billion. Divided into 2.4 billion people works out to $25 per year per person in poverty. Does the author really believe that 25 bucks will provide food and housing for a person for a whole year? Keep in mind that the next year they will have nothing since the earners will stop working once they won't be able to retain the fruits of their labors.
Wow, I didn’t realize that “teaching a Man to fish” would cost so much money.
Obama's recent tax increase bill to solve the Fiscal Cliff is expected to raise an additional $62b/year from "the rich", while giving away $68b in investment crony capitalist giveaways! Obama is just a crook from Chicago with an ideology informed by his Kenyan dad.
How many are employed by these people? How many businesses are supported by these people? How many charitable groups
are supported by tese people?