Home > Uncategorized > Welcome to the Plutocracy: the 8 Richest People Have More Wealth than the Bottom Half

Welcome to the Plutocracy: the 8 Richest People Have More Wealth than the Bottom Half

January 17, 2017

The headline and pictures in the NYTimes article tell you a lot about the world economic condition. Here’s the headline:

World’s 8 Richest Have as Much Wealth as Bottom Half, Oxfam Says

And if you click on the link above you’ll see the picture of eight white men, and here’s a summary of how they gained their wealth:

Bill Gates, the founder of Microsoft, led the list with a net worth of $75 billion. He is scheduled to speak at the forum in Davos this year.

Amancio Ortega Gaona, the Spanish founder of the fashion company Inditex, best known for its oldest and biggest brand, Zara, has a net worth of $67 billion.

Warren E. Buffett, the chairman of Berkshire Hathaway, $60.8 billion.

Carlos Slim Helú, the Mexican telecommunications magnate, $50 billion.

Jeff Bezos, the founder of Amazon, $45.2 billion.

Mark Zuckerberg, Facebook’s creator, $44.6 billion.

Lawrence J. Ellison, the founder of Oracle, $43.6 billion.

Michael R. Bloomberg, the former mayor of New York and founder of the media and financial-data giant Bloomberg L.L.P., $40 billion.

Technology, finance, and communications dominate the list… and looking at their net worth I have only one question: how much is enough?

  1. January 17, 2017 at 11:39 am

    well i do no business with facebook or amazon, so thats a good start. warren buffet is a little more difficult to avoid… do you use batteries?

    most people on the “left” think im on the “right,” but i find this “distribution” of wealth as unsettling as they do– its not that i think it should be illegal to have that much money, anymore than i think it should be illegal to have cancer. i just consider it a very prominent sign that something is extremely wrong. we arent supposed to have kings and queens, but we keep making them anyway.

    its my personal opinion that if the government could be trusted to address this: 1. we wouldnt have ended up here in the first place, and 2. they would be listening to citizens more often than the people on this list. so why does anyone trust voting to ever fix this? no one who promises to fix this issue and means it will ever make it past the primaries.

    only two things could solve this: revolution or a dramatic lifestyle change. since i believe (very strongly) that revolution would fail horribly, that leaves a dramatic lifestyle change. ive gone first several times now, but no one (that i personally know) seems to be following. they just like to talk about the issue and find someone else to blame. this is NOT a subtle way of poking at your post, which i largely agree with. it is however a not-very-subtle way of poking at a much larger group of people, but the point itself is probably more important. best of luck to humanity, as usual.

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