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Forum » World's eight richest people have same wealth as poorest 50% of global population.
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Thread: World's eight richest people have same wealth as poorest 50% of global population.

post 1479426531 01-17-2017, 08:27 AM
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#151
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They've created 10 times the amount of wealth that they have kept.

Example: Bill Gates is worth 60 billion dollars. Microsoft, the company he created is now worth 400 billion dollars and the tech industry which boomed around microsoft is worth a few trillion dollars.


So in short, suck it up buttercup.
post 1479426781 01-17-2017, 08:29 AM
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#152
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Originally Posted By Rugger7⏩
What are you talking about Warren Buffet just buys companies/stocks he thinks are undervalued and he's good at it.. like who was in peril when he decided to buy Burlington Northern (BNI) or invest in BYD? Geico is a good company and that's really where a large portion of his (BRK) net worth is.. I use Geico can't beat it.. good commercial too.
For every 1 person that makes money in a stock, lots of people lose money.
post 1479427111 01-17-2017, 08:32 AM
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#153
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This stat, that gets rolled out every few months, is incredibly misleading.

Listen:

http://www.bbc.co.uk/programmes/p03fj84x
***Marcus Aurelius Crew***

Shredded T101 Cyborg Dolan "Not a real Duck" Model.
post 1479427151 01-17-2017, 08:32 AM
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#154
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Just living in the USA puts you in the top 10% of the world.

So why are you so greedy, OP?
post 1479427281 01-17-2017, 08:33 AM
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#155
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Originally Posted By residesinAZ⏩
For every 1 person that makes money in a stock, lots of people lose money.
That's a ridiculous notion and you should feel bad for being dumb.
post 1479427321 01-17-2017, 08:34 AM
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It's better than a king or emperor owning everything and us working the fields for him srs.
post 1479427351 01-17-2017, 08:34 AM
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i am surprised it is so low, would have expected around 70-80%
post 1479429741 01-17-2017, 08:52 AM
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Originally Posted By leafs43⏩
That's a ridiculous notion and you should feel bad for being dumb.
Over half the people that put money into the market lose money bro. Their losses are literally someone else's gain.
post 1479430291 01-17-2017, 08:56 AM
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Not sure if mentioned. But Gates is using the bulk of his estate to fund projects that benefit the poor. So yeah. If I had a choice between paying tax to the government or to the gates foundation, I would pick foundation every time.

TLDR: Give money to smart people, politicians are useless.
Athletics > Aesthetics
I guess its time to start training again.
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post 1479430451 01-17-2017, 08:57 AM
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Originally Posted By residesinAZ⏩
Over half the people that put money into the market lose money bro. Their losses are literally someone else's gain.
Inexperienced investors lose yes, due to emotional trading. But in the long term, as long as the economy grows, all investor wealth grows if invested in an index fund.
post 1479432321 01-17-2017, 09:14 AM
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Originally Posted By NVious⏩
And compare that to the poorest people of society who are literally eating rats and dogs while the poorest people in the western world are often overweight and have access to welfare/shelters/charity.
Are you talking only about North Korea? Btw dog meat can cost as much as cow meat in China and S. Korea.

~6USD/lb on this menu

6'1"
post 1479433521 01-17-2017, 09:24 AM
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Originally Posted By arlo235⏩
Good for them. Hopefully I can become upper class one day. Tryna grind out my education so I can start building my professional portfolio.
You mean 100% luck.
post 1479433811 01-17-2017, 09:26 AM
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There are people richer than a couple of them put together.....

It has been rumored that Vlad Putin is worth in the trillions......and some Arab sheikhs are in the trillions as well.
post 1479435111 01-17-2017, 09:38 AM
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Originally Posted By JPF82⏩
There are people richer than a couple of them put together.....

It has been rumored that Vlad Putin is worth in the trillions......and some Arab sheikhs are in the trillions as well.
Youve been reading too much conspiracy theory crap. The richest family on the planet is the Rothschild's. Even with suspected hidden assets the whole family isnt worth a trillion. Do you even have a concept of the amounts of money you are talking about?

A lot of people dont seen to understand the difference between person wealth and the value of companies people create. Being CEO of a trillion dollar company does not mean youre worth a trillion dollars.

Hell the net worth of the ENTIRE PLANET is only $250 Trillion. That includes governments and companies. You all are talking like the banking and oil barons are all worth $100 trillion.

Yes there are people with an absurd amount of wealth. Some earned it, some were born into it. If it does anything but motivate you to try harder, you have problems.
post 1479445401 01-17-2017, 10:59 AM
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post 1479446021 01-17-2017, 11:05 AM
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post 1479446281 01-17-2017, 11:07 AM
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Originally Posted By JPF82⏩
It has been rumored that Vlad Putin is worth in the trillions..
Then why doesn't Russia have the money to even unearth the world's largest gold reserves which are located in Russia?
post 1479446581 01-17-2017, 11:09 AM
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#168
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Why is this surprising to you? Think of all the poverty in India, rural parts of China, and pretty much all of Africa lol
post 1479447231 01-17-2017, 11:14 AM
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Originally Posted By residesinAZ⏩
Warren Buffet is the worst one on there. "Investor" aka, profiting off the perils of other people and contributing nothing to society.
u mad brah ?
post 1479448311 01-17-2017, 11:23 AM
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#170
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Originally Posted By woody19⏩
Gates could send 64 million people a thousand dollars and still be rich as fuk.
64,000,000x1000 = 64bn.
Gates net worth = 61.6bn
ur a potato.
post 1479450241 01-17-2017, 11:40 AM
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#171
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Originally Posted By krazy33⏩
can someone explain to me where the tycoon's of america's money went?

they monopolized like every industry.

the 8 or so families had a stranglehold on everything.

what im saying is, its like now how its so hard to get started. people at the top not only want to stay at the top, but want to keep you from attaining the top.

so, did they really let all of these people usurp them in wealth?

if you're controlling the jobs and you have no choice but to be hired by them for the aforementioned have reasons (they got into ground level before you) did they really just let their money disappear?
yes, on average i believe, a family's wealth only lasts for 3 generations or so before they fade into a bolivian. just look at gloria vanderbilt and her family. many others, you never even hear of people who have universities named after them anymore.

money gets diluted, daughters and sons marry idiots who squander it, etc. plus, if you made your wealth on say, railroad building....good luck being a tycoon in that anymore. innovate or die.
post 1479452911 01-17-2017, 12:05 PM
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Originally Posted By PatheticPeter⏩
yes, on average i believe, a family's wealth only lasts for 3 generations or so before they fade into a bolivian. just look at gloria vanderbilt and her family. many others, you never even hear of people who have universities named after them anymore.

money gets diluted, daughters and sons marry idiots who squander it, etc. plus, if you made your wealth on say, railroad building....good luck being a tycoon in that anymore. innovate or die.
A bolivian

post 1479453221 01-17-2017, 12:07 PM
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Originally Posted By PatheticPeter⏩
yes, on average i believe, a family's wealth only lasts for 3 generations or so before they fade into a bolivian. just look at gloria vanderbilt and her family. many others, you never even hear of people who have universities named after them anymore.
Do you not watch CNN? You can hear from her son everyday
post 1479455851 01-17-2017, 12:30 PM
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Meanwhile people with full-time jobs can't afford to live by themselves.

Something has to give.
** Cries like a girl when Negged Crew **
post 1479456951 01-17-2017, 12:40 PM
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#175
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Originally Posted By BustaCapp⏩
LMFAO!

What a time to be alive.

I just don't understand the point though.You see all these ancient men with billions in the bank. They are nearing death yet are still excited by money. Do they knew something we don't?
fukin lol

this is why they're worth billions and you're not

they don't have this money in the bank, it's a calculation of net worth
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