The benefit to a very high national debt...

The benefit to a very high national debt... (Full Version)

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion

Message

tamaka -> The benefit to a very high national debt... (1/15/2017 9:15:11 PM)
Could it possibly be so high because then we don't have to worry about the 1% buying the country? It was just a thought i had when i read this: Eight billionaires 'as rich as world's poorest half' By Katie Hope Business reporter, BBC News, in Davos 5 hours ago Superyachts are the calling card of some ultra-wealthy individuals The world's eight richest individuals have as much wealth as the 3.6bn people who make up the poorest half of the world, according to Oxfam. The charity said its figures, which critics have queried, came from improved data, and the gap between rich and poor was "far greater than feared". Oxfam's report coincides with the start of the World Economic Forum in Davos. Mark Littlewood, of the Institute of Economic Affairs, said Oxfam should focus instead on ways to boost growth. "As an 'anti-poverty' charity, Oxfam seems to be strangely preoccupied with the rich," said the director-general of the free market think tank. For those concerned with "eradicating absolute poverty completely", the focus should be on measures that encourage economic growth, he added. Ben Southwood, head of research at the Adam Smith Institute, said it was not the wealth of the world's rich that mattered, but the welfare of the world's poor, which was improving every year. "Each year we are misled by Oxfam's wealth statistics. The data is fine - it comes from Credit Suisse - but the interpretation is not." 'Elite gathering' The annual event in Davos, a Swiss ski resort, attracts many of the world's top political and business leaders. Katy Wright, Oxfam's head of global external affairs, said the report helped the charity to "challenge the political and economic elites". "We're under no illusions that Davos is anything other than a talking shop for the world's elite, but we try and use that focus," she added. Graphic showing eight richest men The world's eight richest billionaires 1. Bill Gates (US): co-founder of Microsoft (net worth $75bn) 2. Amancio Ortega (Spain): founder of Zara owner Inditex (net worth $67bn) 3. Warren Buffett (US): largest shareholder in Berkshire Hathaway (net worth $60.8bn) 4. Carlos Slim Helu (Mexico): owner of Grupo Carso (net worth $50bn) 5. Jeff Bezos (US): founder and chief executive of Amazon (net worth $45.2bn) 6. Mark Zuckerberg (US): co-founder and chief executive of Facebook (net worth $44.6bn) 7. Larry Ellison (US): co-founder and chief executive of Oracle (net worth $43.6bn) 8. Michael Bloomberg (US): owner of Bloomberg LP (net worth $40bn) Source: Forbes billionaires' list, March 2016 UK economist Gerard Lyons said focusing on extreme wealth "does not always give the full picture" and attention should be paid to "making sure the economic cake is getting bigger". However, he said Oxfam was right to single out companies that it believed fuelled inequality with business models that were "increasingly focused on delivering ever-higher returns to wealthy owners and top executives". Oxfam's Ms Wright said economic inequality was fuelling a polarisation in politics, citing Donald Trump's election as US president and the Brexit vote as examples. 'Fair share' "People are angry and calling out for alternatives. They're feeling left behind because however hard they work they can't share in their country's growth," she said. The charity is calling for "a more human economy" and is urging governments to crack down on executive pay and tax evasion and impose higher taxes on the wealthy. It also wants business leaders to pay a "fair share of tax" and has urged companies to pay staff the "living wage", which is higher than the government's National Living Wage. Oxfam has produced similar reports for the past four years. In 2016 it calculated that the richest 62 people in the world had as much wealth as the poorest half of the global population. The number had fallen to just eight this year because more accurate data was now available, Oxfam said. It was still the case that the world's richest 1% had as much wealth as the rest of the world combined, Oxfam said. Mark Zuckerberg and Priscilla ChanImage copyrightGETTY IMAGES Image caption Facebook co-founder Mark Zuckerberg and wife Priscilla Chan Some of the eight richest billionaires have given away tens of billions of dollars. In 2000 Bill Gates and his wife Melinda set up a private foundation that has an endowment of more than $44bn. In 2015 Mark Zuckerberg and his wife Priscilla Chan pledged to give away 99% of their net worth in their lifetimes, which equated to about $45bn based on the value of Facebook shares at the time. It takes cash and assets worth $71,600 to get into the top 10%, and $744,396 to be in the top 1%. Oxfam's report is based on data from Forbes and the annual Credit Suisse Global Wealth datebook, which gives the distribution of global wealth going back to 2000. The survey uses the value of an individual's assets, mainly property and land, minus debts, to determine what he or she "owns". The data excludes wages or income. The methodology has been criticised as it means that a student with high debts, but with high future earning potential, for example, would be considered poor under the criteria used.

Real0ne -> RE: The benefit to a very high national debt... (1/15/2017 10:55:17 PM)
fuck dat! a pimple on the wing of the gnat sitting on the iceburg However, the Rothschilds’ fortune is distributed among many family members so that it couldn't be tracked. You should add here their influence on supra-national affairs and businesses, and you may get a hint why Forbes won’t list them all. According to Investopedia: Although the family wealth has been divided among many descendants and heirs throughout the years, the Rothschilds still rank among the wealthiest lineages in the world. It is estimated that the Rothschild family controls more than $2 trillion worth of assets. Today, their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia. Unlike royal families, which don’t have to reveal their wealth and are excluded from Forbes’ Rich List, the names Rothschild and Rockefeller, which have an unimaginable amount of wealth, manage to escape the public eye year after year. Some claim the reason why the Rothschilds are on the famous Rich List is the distribution of wealth: both families have many descendants and wealth has been fairly allocated to every one of them, but individually they are not rich enough to make it to the Rich List, The Richest noted. But the real reason is simply that the family is private and the agreements are held through private partnership arrangements. This is the reason they have not come in the eyes of public as they are not obliged to disclose their wealth legally. The Rothschild family remains the wealthiest family in human history and, according to The Richest, it still possesses roughly US$350 billion in [known] assets throughout the world. The same publication mentioned that the secrecy which surrounds the Rothschild family and the scale of their operations have prevented anyone from estimating exactly how much this family is worth. here is one of the biggest reasons why https://www.youtube.com/watch?v=kJ4SSvVbhLw By the time Rockefeller died in 1937, his assets equaled 1.5% of America’s total economic output. To control an equivalent share today would require a net worth of about $340 billion dollars, more than four times that of Bill Gates

Real0ne -> RE: The benefit to a very high national debt... (1/15/2017 11:14:24 PM)
if you can believe it, the nice thing about gates is that he pledged to give it all back when he dies except 10 million for each kid and something for his wife.

Termyn8or -> RE: The benefit to a very high national debt... (1/16/2017 12:52:01 AM)
quote: ORIGINAL: Real0ne fuck dat! a pimple on the wing of the gnat sitting on the iceburg However, the Rothschilds’ fortune is distributed among many family members so that it couldn't be tracked. You should add here their influence on supra-national affairs and businesses, and you may get a hint why Forbes won’t list them all. According to Investopedia: Although the family wealth has been divided among many descendants and heirs throughout the years, the Rothschilds still rank among the wealthiest lineages in the world. It is estimated that the Rothschild family controls more than $2 trillion worth of assets. Today, their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia. Unlike royal families, which don’t have to reveal their wealth and are excluded from Forbes’ Rich List, the names Rothschild and Rockefeller, which have an unimaginable amount of wealth, manage to escape the public eye year after year. Some claim the reason why the Rothschilds are on the famous Rich List is the distribution of wealth: both families have many descendants and wealth has been fairly allocated to every one of them, but individually they are not rich enough to make it to the Rich List, The Richest noted. But the real reason is simply that the family is private and the agreements are held through private partnership arrangements. This is the reason they have not come in the eyes of public as they are not obliged to disclose their wealth legally. The Rothschild family remains the wealthiest family in human history and, according to The Richest, it still possesses roughly US$350 billion in [known] assets throughout the world. The same publication mentioned that the secrecy which surrounds the Rothschild family and the scale of their operations have prevented anyone from estimating exactly how much this family is worth. here is one of the biggest reasons why https://www.youtube.com/watch?v=kJ4SSvVbhLw By the time Rockefeller died in 1937, his assets equaled 1.5% of America’s total economic output. To control an equivalent share today would require a net worth of about $340 billion dollars, more than four times that of Bill Gates According to Credit Suisse, the Rothschilds are worth a hell of alot more than that. T^T

Musicmystery -> RE: The benefit to a very high national debt... (1/16/2017 6:58:05 AM)
The question posed in the OP doesn't make sense.

MrRodgers -> RE: The benefit to a very high national debt... (1/16/2017 7:12:46 AM)
....except that the 1% or those 8 or 60 richest (either) benefit as both lenders of and profiteers off...the debt. Having such a disproportionate amount of wealth, they not only establish control of govts. by being such huge lenders but also often through the financial influence, direct the spending of that debt...on their businesses. Inequailty didn't just happen: It was created Bankers etc.

Musicmystery -> RE: The benefit to a very high national debt... (1/17/2017 6:37:02 AM)
I think you're conflating disparate issues. No one gets wealthy loaning to the US government. That's a low yield loan for security. And wealth (which includes physical assets) doesn't equal spending. The largest economic block is still consumers, 60% of our economy.

Page: [1]

Collarchat.com © 2025

Terms of Service

0.03125