Richest 300 Persons on Earth Have More Money Than Poorest 3 Billion - Polidicks

[QUOTE=Winner;41535642]Fixed[/QUOTE] so if you work hard for your money and get a lot of it you're lucky and greedy

I didn't really care about people claiming stuff like "fuck the rich" "fuck the system" "all the politics need to go". Now I feel like the governement, the economists and the medias are serving me complicated bullshit on a daily basis because "they know better", yet it keeps failing and my generation's future getting darker by the day. I think I understand those people now, they've come to a point where they're just too tired to think and just wish to scratch all of that, punish a few bankers motherfuckers on their way and hope for the best, hope what comes next will be better. There's a pattern there, just look at your country's latest revolution (if any).

[QUOTE=bubbagamer;41536210]Now I feel like the governement, the economists and the medias are serving me complicated bullshit on a daily basis because "they know better", yet it keeps failing and my generation's future getting darker by the day.[/QUOTE] There's always education. Khanacademy has some good videos on economics (quite a few topics in fact), pop over to it and watch a few. It'll explain a lot about economics, finance, etc.

[QUOTE=AugustBurnsRed;41535657]The source video for this article has been around for a little while, there is an updated, more accurate version though. [video=youtube;DJtOhfpGlZ8]http://www.youtube.com/watch?v=DJtOhfpGlZ8[/video][/QUOTE] Not exactly a response to the same video... but still. [video=youtube;wcsvAT4JT-g]http://www.youtube.com/watch?v=wcsvAT4JT-g[/video]

[QUOTE=Zenreon117;41536078]Money is stupid, it is a deadened system that serves to benefit those who are most willing to benefit over their brothers. There is no more inherent intelligence in the money system than there is an ancient society of human sacrifices. We follow the system because we think that's how it should be, regardless of the atrocities it causes. Money is stupid.[/QUOTE] Money is jut a medium of exchange so that people don't need to lug 30 sacks of potatos to the car dealership to trade for a used car. It's the more advanced sides of economics and fiscal management that make it a more complicated system. If it wasn't money that was a driving force, people would simply be hoarding resources of higher value, like gold, sliver, high carbon steel, stone/lime quarries, lumber, fresh water, etc.

[QUOTE=hypno-toad;41536264]Money is jut a medium of exchange so that people don't need to lug 30 sacks of potatos to the car dealership to trade for a used car. It's the more advanced sides of economics and fiscal management that make it a more complicated system. If it wasn't money that was a driving force, people would simply be hoarding resources of higher value, like gold, sliver, high carbon steel, stone/lime quarries, lumber, fresh water, etc.[/QUOTE] Where the fuck can I get a car for 30 sacks of potatos

[QUOTE=geel9;41536404]Where the fuck can I get a car for 30 sacks of potatos[/QUOTE] A famine stricken country.

[QUOTE=FinalHunter;41535586]Survival of the fittest.[/QUOTE] I didn't know that financial wiles were tied into evolution. If that is the case, then all those rapidly reproducing poor seem to be winning at the whole "survival of the fittest" thing.

[QUOTE=geel9;41536404]Where the fuck can I get a car for 30 sacks of potatos[/QUOTE] I want to know too. I had to lug 7,000 sacks of potatoes just to get my used Toyota.

[QUOTE=Zenreon117;41536078]Money is stupid, it is a deadened system that serves to benefit those who are most willing to benefit over their brothers. There is no more inherent intelligence in the money system than there is an ancient society of human sacrifices. We follow the system because we think that's how it should be, regardless of the atrocities it causes. Money is stupid.[/QUOTE] lol no. Money itself isn't the cause of an innate human behavior. Without money gains from trades would be much harder to come by. For example say surgeon wants to buy a refrigerator. Without money, in order to receive that refrigerator, the refrigerator salesman has to happen to need surgery. This in itself is unlikely, but to compound on that if it were to happen the likelihood that an agreement on the value of the refrigerator in terms of surgery value would also to be hard to come by. ITT: In order to have a modern economy where people can receive gains from trade efficiently you have to have money (currency).

[QUOTE=FinalHunter;41536669]No, you have to have a society without money in which everyone works their job for free, and in turn everyone else provides services that people need. Need surgery? The doctor will do it. Need food? The farmer has it.[/QUOTE] How will you know what people want and need?

[QUOTE=FinalHunter;41536669]No, you have to have a society without money in which everyone works their job for free, and in turn everyone else provides services that people need. Need surgery? The doctor will do it. Need food? The farmer has it. It's inherently flawed because people will stop pulling their load; money is an incentive which has been used by those more creative individuals as a means of attaining power.[/QUOTE] Not sure if you read the edited version of my post, but that's why I said in order to do it efficiently you have to have a currency. Also money is an incentive the same way anything that has value is, and people haven't exclusively used it to get power. Money isn't the cause of that type of behavior just it is used in it. Money is used in the vast majority of cases as a mutually beneficial medium of exchange because of the inherent waste of resources involved in determining value in terms of other items. [editline]20th July 2013[/editline] [QUOTE=FinalHunter;41536746]Uh.... nothing changes, there is just no money. You walk into the store or get a ride to the hospital. What's so complex about it?[/QUOTE] Then what is to stop people from living outside of their means, wouldn't that create a system where a person has no incentive to "pay" for the things he/she purchases. Exactly why we need money

[QUOTE=FinalHunter;41536746]Uh.... nothing changes, there is just no money. You walk into the store or get a ride to the hospital. What's so complex about it?[/QUOTE] How do you know where to put hospitals? What equipment does it need? Who will produce the equipment? Who will transport it? Who will build and maintain the roads? How do you figure out how to put it all together? The answer my friend, is best left to the biggest computer on earth. Over seven billion humans interacting with each other to figure out what we all want. Using money speeds things up.

[QUOTE=The freeman;41536164]I assume you mean salary, not income, right?[/QUOTE] I mean, personal income, on a personal level, not corporate. I don't know a single person in my life that makes 1 million dollars a year and i don't see why anyone deserves to have over 1 million dollars a year. No one needs 1 million dollars a year income, those that do bank it or spend it on stuff they don't need (flash cars, houses etc) while the rest of us spend our entire lives trying to get alittle bit of cash to buy a house or a half decent car.

[QUOTE=Sword and Paint;41536903]I mean, personal income, on a personal level, not corporate. I don't know a single person in my life that makes 1 million dollars a year and i don't see why anyone deserves to have over 1 million dollars a year. No one needs 1 million dollars a year income, those that do bank it or spend it on stuff they don't need (flash cars, houses etc) while the rest of us spend our entire lives trying to get alittle bit of cash to buy a house or a half decent car.[/QUOTE] Rich people don't sit on piles of cash all day. Most rich people either spend it or invest. Spending is good because it increases aggregate demand. Investing is good because it improves existing factors of production. All of their wealth is tied up in various assets, some of which are more liquid than others.

[QUOTE=FinalHunter;41536746]Uh.... nothing changes, there is just no money. You walk into the store or get a ride to the hospital. What's so complex about it?[/QUOTE] Everybody leeches off of society and nothing gets accomplished since there is no incentives.

[QUOTE=FinalHunter;41537007]I was correcting you in saying that a society without currency wouldn't depend on trading, but it would be a society in which in return for doing your job, you would be provided everything you needed. What I was attempting to say and what I don't think I did a good job of portraying, was that in a society without currency you would work for no pay but you would spend nothing on necessities. [/QUOTE] Ah, I misunderstood you. I agree with what you are saying.

[QUOTE=FinalHunter;41537007]I was correcting you in saying that a society without currency wouldn't depend on trading, but it would be a society in which in return for doing your job, you would be provided everything you needed.[/QUOTE] Such a society doesn't exist. We are in a universe with finite resources. Post-scarcity is a dream.

[QUOTE=FinalHunter;41535586]Survival of the fittest.[/QUOTE] Remember that time Darwin's corpse started spinning really fast and all the bones shot out of the ground and killed several children? That was actually just 3 hours ago

[QUOTE=Disseminate;41535814]You guys need to understand that wealth distribution (among other thinggs) is modelled by a Pareto and not a Gaussian distribution in nature (wikipedia them). The natural distribution of wealth isn't an average, it's heavily skewed. This isn't new.[/QUOTE] Smartest post in here. What makes you think this is OK though is beyond me. It's not natural for a few people to have all the wealth (or food) in hunter gatherer societies, nor is it for pre-urbanized societies. It's only when farming and large scale urbanization, civilization basically began that those who were vested with authority were given more resources than those who didn't. Basic fairness and injustice is ingrained in the human brain on a instinctual scale, read up on a bit of neuroscience if you don't believe me. What I'm trying to say is that even though it's a force of nature, it's not natural for resources to be skewed like this because we aren't living in a natural state we've evolved to live in, therefore it's artificial, therefore it can be controlled.

[QUOTE=Rangergxi;41536964]Everybody leeches off of society and nothing gets accomplished since there is no incentives.[/QUOTE] Mandatory occupation until you are 25, after that you can either continue in your career, or just live and be a human. Honestly 95% of the work done today can be done by robots the other 5% is stuff that people enjoy doing anyways. Being creative, socializing, communicating, discovering, etc. The money paradigm is so deeply engrained in our psyche that most of you can't even seem to fathom how a system could work based on reasonable need. How to stop overconsuming? Set a generous cutoff limit to consumables. 1 car per person, 1 refrigerator per person, 1 phone per person, one house per person. Who decides who gets the big house on the hill? The census. Big family : Big House. All in all, I do not pretend to know each and every detail of how it would work, but the bottom line is that there is no good reason why we cannot use our intellect to overcome this gross inequality. Because each of us is so trained with money, like pavlovs dog, we don't see the inherent logic in doing something without expecting immediate return. Who would drive the trucks? Robots Who would grow the food? Robots Who would do surgery? Robots Want to drive a truck? Go ahead Want to grow/cook food? Go ahead Want to be a doctor? Go ahead Don't want to do anything? Go to school.

[QUOTE=Zenreon117;41538090]Mandatory occupation until you are 25, after that you can either continue in your career, or just live and be a human. Honestly 95% of the work done today can be done by robots the other 5% is stuff that people enjoy doing anyways. Being creative, socializing, communicating, discovering, etc. The money paradigm is so deeply engrained in our psyche that most of you can't even seem to fathom how a system could work based on reasonable need. How to stop overconsuming? Set a generous cutoff limit to consumables. 1 car per person, 1 refrigerator per person, 1 phone per person, one house per person. Who decides who gets the big house on the hill? The census. Big family : Big House. All in all, I do not pretend to know each and every detail of how it would work, but the bottom line is that there is no good reason why we cannot use our intellect to overcome this gross inequality. Because each of us is so trained with money, like pavlovs dog, we don't see the inherent logic in doing something without expecting immediate return. Who would drive the trucks? Robots Who would grow the food? Robots Who would do surgery? Robots Want to drive a truck? Go ahead Want to grow/cook food? Go ahead Want to be a doctor? Go ahead Don't want to do anything? Go to school.[/QUOTE] how old are you, dear utopian facepuncher?

[QUOTE=blah2;41538741]how old are you, dear utopian facepuncher?[/QUOTE] 'University Age' is all you are getting

And I bet you they also invest more money back into society then the 3 Billion. Look at Bill Gates. Just because someone is rich doesn't mean they are greedy.

[QUOTE=Emperorconor;41535793]Bullshit. [url]http://lesswrong.com/lw/kw/the_tragedy_of_group_selectionism/[/url][/QUOTE] It's funny how you throw words like 'psuedoscientific' around while trying to cite lesswrong. Lesswrong isn't a site you can cite for scientific facts.

[QUOTE=aydin690;41535690]“Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires.” –John Steinbeck[/QUOTE] You know, that would actually explain the American attitude towards Socialism/Democratic Socialism. And that's depressing.

[QUOTE=FinalHunter;41535586]Survival of the fittest.[/QUOTE] wtf lol could you be any more dumb?

[QUOTE=dark soul;41538864]And I bet you they also invest more money back into society then the 3 Billion. Look at Bill Gates. Just because someone is rich doesn't mean they are greedy.[/QUOTE] For every Bill Gates there are a at least few guys doing nothing but fooling around (the Saudi Arabian prince with the golden throne onboard his private jet springs to mind). I think you have too much trust in human empathy.

[QUOTE=Jellyman;41539290]It's funny how you throw words like 'psuedoscientific' around while trying to cite lesswrong. Lesswrong isn't a site you can cite for scientific facts.[/QUOTE] Why? I could cite an Alex Jones website if I wanted, all that matters is group selection is explained. [editline]21st July 2013[/editline] [QUOTE=Zenreon117;41538090]Mandatory occupation until you are 25, after that you can either continue in your career, or just live and be a human. Honestly 95% of the work done today can be done by robots the other 5% is stuff that people enjoy doing anyways. Being creative, socializing, communicating, discovering, etc.[/QUOTE] Who designs and plans out architecture? Who teaches? Who builds robots? How do you know many many, of what type, and where? What are they made of? This are but a few questions that people who are thick look at the world and go "aha! why don't we get robots to do everything?". The answers pretty obvious. If we had the ability to do those things, why haven't they been done?

Although this news is troubling, we have to admit that this has, is, and always will be the way it is. For people too have more, there are some who must have less. However, these levels are so obscene it is offensive.