The Mudcat Café TM
Thread #99746   Message #2056821
Posted By: Dickey
20-May-07 - 02:11 AM
Thread Name: BS: Poverty in the USA
Subject: RE: BS: Poverty in the USA
Bobert:

I was thinking about redistribution of wealth today and I wondered what the total wealth in the world divided by the number of people in the world would be. How much wealth would every person end up with?

There are around 6 billion people in the world and in 2003 there was supposedly $51 trillion total wealth. Hummm. Clickety click ching, that's $8,500 per person. Are you ready to live on that?

Now how are these rich bitches going to fork it over? Much of this net worth is property. Ok they all sell their multi million dollar houses, pieces of art, yachts, expensive autos etc. Who buys them? Everybody's got just $8500 to spend so property is pretty much worthless. There goes a goodly amount of this world wealth. Now what does each person end up with? maybe half of the $8500.

The rich bitches can at least sell their stocks and bonds etc. and get a lot of money for them but who buys them? There are no more rich people to buy large quantities of equities. Everybodys got $4250+-

I think that very shortly into this redistribution, most of the people will be worse off than they are now and the world economy will crash.

If that won't work then just redistribute the income worldwide. Let the rich bitches keep all their stuff and just fork over the money coming in. The worldwide median income is around $850 per year. Are you ready to live on that? Half the world — nearly three billion people — live on less than two dollars a day so it would give them a boost $.32+ per day boost. The other half of the world would suffer a major decrease. The billionairs would have a hard time paying their taxes on $820 per year much less a mortgage payment so they would hae to sell everything and collapse the economy.

Well lets just jump on Boss Hogg Exxon and make them fork over that $39 billion profit. That would give everybody in the world another $6.50 per year or $.18 cents per day to live off of.

Of course I could be wrong in this thinking or my math could be off.