Top 1% Control 39% of World's Wealth - Republicans Rejoice

[LJ_Reloaded]

http://www.cnbc.com/id/100780163

The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow in the coming years, according to a new report.

The world's total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group's Global Wealth report. The top 1 percent control $52.8 trillion, and those worth $5 million or more control nearly a quarter of the world's wealth.

That concentration is likely to increase in the coming years as the wealth of the wealthy grows faster than overall global wealth. The number of millionaires in the world surged by 10 percent year, reaching 13.8 million. The study predicts that global wealth will grow around 4.8 percent a year over the next five years—though millionaires will see their wealth grow nearly twice as fast.

 

[Dazzle1]

http://www.cnbc.com/id/100780163

The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow in the coming years, according to a new report.

The world's total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group's Global Wealth report. The top 1 percent control $52.8 trillion, and those worth $5 million or more control nearly a quarter of the world's wealth.

That concentration is likely to increase in the coming years as the wealth of the wealthy grows faster than overall global wealth. The number of millionaires in the world surged by 10 percent year, reaching 13.8 million. The study predicts that global wealth will grow around 4.8 percent a year over the next five years—though millionaires will see their wealth grow nearly twice as fast.

Better people like Romney and the Kochs than the federal govt

 

[BotanyBoy]

http://www.cnbc.com/id/100780163

The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow in the coming years, according to a new report.
.

How many billions is Pfizercare I'm sorry....I mean Romney..wait...Obamacare pumping into the hands of the rich for our slightly expanded circle jerk HC reform?

Yep....Dems hard at work for "the little guy" pfffftthahahahaha assholes.

Better people like Romney and the Kochs than the federal govt

Who the fuck do you think GAVE IT TO THEM? These uber corps don't finance billion dollar campaigns for nothing day day...and the gubbmint get's it's cut too bad it never makes it back to us peasants.

 

[LJ_Reloaded]

Better people like Romney and the Kochs than the federal govt

 

[BotanyBoy]

BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHA ^^ coming from the guy who supports the organization that gave the 1% their freakishly disproportionate wealth. What a fucking moron....

 

[LJ_Reloaded]

BAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHAHAHAHAHAHAHA ^^ coming from the guy who supports the organization that gave the 1% their freakishly disproportionate wealth. What a fucking moron....

I don't vote Republican, anal ostrich boy.

 

[dan_c00000]

Here's how Romney would have done with his plan (not Romneycare but the Paul Ryan horeshit) if he'd been elected. Doesn't look good for pretend PhD boy.

 

[phrodeau]

I don't vote Republican, anal ostrich boy.

You posted here that you voted for Bush.

 

[pete]

http://www.cnbc.com/id/100780163

The wealthiest 1 percent now control 39 percent of the world's wealth, and their share is likely to grow in the coming years, according to a new report.

The world's total private wealth grew 7.8 percent last year to $135 trillion, according to the Boston Consulting Group's Global Wealth report. The top 1 percent control $52.8 trillion, and those worth $5 million or more control nearly a quarter of the world's wealth.

That concentration is likely to increase in the coming years as the wealth of the wealthy grows faster than overall global wealth. The number of millionaires in the world surged by 10 percent year, reaching 13.8 million. The study predicts that global wealth will grow around 4.8 percent a year over the next five years—though millionaires will see their wealth grow nearly twice as fast.

just for shits n giggles, can you please break down for me in somewhat specific terms why this is a bad thing?

 

[BotanyBoy]

I don't vote Republican, anal ostrich boy.

And the fact that you think that means you don't support the 1%.....is what's so fucking funny.

just for shits n giggles, can you please break down for me in somewhat specific terms why this is a bad thing?

Lack of money moving....it means all the big ballers at the top are sitting on giant imaginary piles of cash and if it doesn't start moving around it will stall out the economy. They need to spend money or the peasants starve....or you can just go Lib style and take it from them....invest it on shit.

Like bailing out shit companies...

And turning "comprehensive" HC reform into a 1%'er dick sucking contest...
https://encrypted-tbn1.***********/images?q=tbn:ANd9GcTDinH87Mj_6swODqFKrRig-WegIzx0WhkNE5OfGciI-2niaXF48g

Working real great....

 

[LJ_Reloaded]

And the fact that you think that means you don't support the 1%.....is what's so fucking funny.

I vote for the party that made it so parents can insure their kids up to 26 years of age. Tell me, which part is that?

I vote for the party that gave us Social Security. Tell me, which part is that?

I vote for the party that keeps fighting for higher taxes for the rich. Tell me, which part is that?

I vote for the party that pushed for an anti-foreign outsourcing law in 2010. Tell me, which part is that?

Next you can explain which party fought to obstruct all of the above. Hint: it's the party of the 1%.

You're welcome.

 

[LJ_Reloaded]

just for shits n giggles, can you please break down for me in somewhat specific terms why this is a bad thing?

It isn't, if you like 99% of the world being desperately poor. Including yourself.

 

[pete]

Lack of money moving....it means all the big ballers at the top are sitting on giant imaginary piles of cash and if it doesn't start moving around it will stall out the economy. They need to spend money or the peasants starve....

let's take out the imaginary part of it. where do the rich store their wealth?

 

[LJ_Reloaded]

let's take out the imaginary part of it. where do the rich store their wealth?

Offshore.

 

[Sean Renaud]

just for shits n giggles, can you please break down for me in somewhat specific terms why this is a bad thing?

You are joking right?

 

[pete]

Offshore.

offshore where, exactly?

You are joking right?

i'm a funny motherfucker, no doubt. but in this case i'm looking legit responses. if you can, sean, please enlighten me as to why this is bad. there's no shortage of voices out there clamoring ominously about the hoarding of wealth, without ever going into detail.

 

[CHNOPS]

The difference between our two parties is almost entirely in how we view our responsibility to the poorest. The Republicans see it as giving them the opportunity to make money, and the Dems see it as giving them the money to make opportunity.

Reps see opportunity coming more readily and effectively from the private sector than the clunky government.

Dems see the clunky government as the only way to ensure that the poorest have equal access to those private-sector jobs.

It's not that Reps want people rich and Dems want people poor. It's that Reps want the private sector to make the government obsolete, and Dems see that obsolescence as coming at the expense of the lowest earners.

Since cutting off entitlements and demonizing the private sector are both political suicide, we're going to be stuck in clunky limbo just about permanently. Corporations and the poorest will both continue to get welfare and assistance of one kind or another.

So we might as well come to terms with it and raise some goddamned taxes so we don't have to talk theory and debt ceilings every time a deadline runs out. We're going to help the private sector and we're going to fund the poor. It's never going to change. We need to cop to it and get some damned cash.

 

[indiansmarty28]

Very Sad......

Rich Are Getting Richer, Poor Are Getting Poorer

 

[BotanyBoy]

I vote for the party that made it so parents can insure their kids up to 26 years of age. Tell me, which part is that?

I vote for the party that gave us Social Security. Tell me, which part is that?

I vote for the party that keeps fighting for higher taxes for the rich. Tell me, which part is that?

I vote for the party that pushed for an anti-foreign outsourcing law in 2010. Tell me, which part is that?

Next you can explain which party fought to obstruct all of the above. Hint: it's the party of the 1%.

You're welcome.

And you think that doesn't mean they aren't holding the 1%'s pocket?

You don't think they get anything for the billions they send to DC every month?

You also voted for the party that scored for the 1% hardcore....Obamacare? OMG big pharma and big insurance are fucking LOVING it.....billions and billions. For the rich.

Green energy corporations that received BILLIONS in funding...fucking GE got 50 million to make a FUCKING LIGHT BULB we had the technology to make 15 fucking years ago...that wasn't a contribution kick back

You and yours LOVE the 1%....you just don't like the 1% the GOP supports.

You're welcome.

let's take out the imaginary part of it. where do the rich store their wealth?

You can't take the imaginary part of it out....do that and there is no money.

 

[LJ_Reloaded]

And you think that doesn't mean they aren't holding the 1%'s pocket?

You don't think they get anything for the billions they send to DC every month?

The Dems I vote for are the same Dems that the 1% spends hundreds of millions per year to keep out of office, or kick out of office.

IOW: You fail again you backwoods no infrastructure having trailer trash!

You're welcome.

 

[BotanyBoy]

The Dems I vote for are the same Dems that the 1% spends hundreds of millions per year to keep out of office, or kick out of office.

IOW: You fail again you backwoods no infrastructure having trailer trash!

You're welcome.

Nope....can't defend a party and ideology by nit picking which guys you like and excluding the rest of the ugly shit about them/it you don't like. Further more I don't fucking believe you, you're a hack ass lock stepper "BLUE" that's all the fuck you care about and you will always vote that way no matter your options regardless of the individual...because your a hack, and that's what hacks do.

That's very christian of you I admit...but that's not how it works....the DNC is every bit the 1%'s bitch the GOP is...

 

[LJ_Reloaded]

Nope....can't defend a party and ideology by nit picking which guys you like and excluding the rest of the ugly shit about them/it you don't like. Further more I don't fucking believe you, you're a hack ass lock stepper "BLUE" that's all the fuck you care about and you will always vote that way no matter your options regardless of the individual...because your a hack, and that's what hacks do.

That's very christian of you I admit...but that's not how it works....the DNC is every bit the 1%'s bitch the GOP is...

You don't have to believe me. You can just keep being wrong, over and over and over again.

Soon as the Dems kick the GOP out of power the Plutocrats are right fucked. You can take that to the bank.

 

[Sean Renaud]

let's take out the imaginary part of it. where do the rich store their wealth?

It's REALLY difficult if not imposible to take the imaginary part out of it. Money today is ultimately a bunch of zeros and o's that mean something because we collectively give them value and prior to that it was a bunch of pieces of paper keeping track of gold that had value beause we said it had value and prior to that it was a bunch of hunks of yellow metal that was pretty and pretty useless that had value because we said it had value.

That said they store various places. I'm less convinced (especially on a post like this) that overseas is a valid answer. It's not that the top 1% control 39% of America's wealth, it's the World's Wealth so unless they have bank accounts on Mars I'm less than convinced That is a valid answer.

Still for the moment work on wrapping your head around the fact that money is imaginary.

offshore where, exactly?



i'm a funny motherfucker, no doubt. but in this case i'm looking legit responses. if you can, sean, please enlighten me as to why this is bad. there's no shortage of voices out there clamoring ominously about the hoarding of wealth, without ever going into detail.

I answered above about offshore where. Despite LJ's insistence it doesn't really matter offshore where. It would only be marginally better if they held it onshore and worse if they kept it buried in their lawns.

There are LOTS of reasons why the rich being THAT rich are bad. Though a lot of them are difficult to clearly explain to someone. So I'll start by referring to others.

LJ and Trouvere would likely tell you that a plutocracy is inherently bad. I honestly have a hard time telling the difference between modern plutocracy and monarchies but history has certainly taught us that Ayn Rand was wrong when she said that if a fortune is greater than the man it will destroy the man. If you want to live under a King please just say so.

Bot. . .well he's half retarded and the other half is troll. Anybody who doesn't have him on ignore should probably get a lobotamy. That said he'd tell you that everybody who isn't a loser idiot is part of the plutocracy. He's less wrong than I wish. If he'd man up and stop being a troll he could quite possibly rank up there with Pergy and Hogan as a highly respected poster but he prefers to be Busybody. Anyway the bottom line here is that once the rich get rich enough capitalism breaks down. When they aren't competing anymore because the winners have won and the losers have lost the game is over. How many people do you know who honestly keep giving 100% to a game that is 1-15? I'm sure you can find that one friend who somehow thinks you'll catch up but most people just start going through the motions after a certain point. which kills innovation. not to mention you aren't competing if you can sit back and laugh while the other guy wastes resources he doesn't have.

There really is no upside to this situation unless you want a King. Which is fine. Just man up and admit you want a King.

 

[Dazzle1]

I vote for the party that made it so parents can insure their kids up to 26 years of age. Tell me, which part is that?

I vote for the party that gave us Social Security. Tell me, which part is that?

I vote for the party that keeps fighting for higher taxes for the rich. Tell me, which part is that?

I vote for the party that pushed for an anti-foreign outsourcing law in 2010. Tell me, which part is that?

Next you can explain which party fought to obstruct all of the above. Hint: it's the party of the 1%.

You're welcome.

You also voted for the party:

That is a slave to Labor Unions

Over pays Federal employees and gives them lavish pensions

Does not want to make us energy independent

Supports criminal imigrants

I voted for the party that cares for the working people

 

[CHNOPS]

It's REALLY difficult if not imposible to take the imaginary part out of it. Money today is ultimately a bunch of zeros and o's that mean something because we collectively give them value.

Redundant! Lib loon.