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Comments about ‘85 richest people as wealthy as poorest half of the world’

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Published: Friday, Jan. 24 2014 8:30 p.m. MST

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Granny
Saint George, UT

@Ernest

Greed? You cannot assume that all the wealthy are necessarily greedy. Some inherited their fortune and have enhanced it, some earned their money through hard work and risk-taking. Sadly, some are probably quite greedy. BUT MANY donate in staggering amounts.

Jon Huntsman, Sr. and other very wealthy people (at Huntsman's urging) have pledged to give MOST of their fortunes away?! He has given bazillions to fight cancer and amazing amounts to further higher education. Bill Gates and others have given vast amounts to wipe out global diseases and support many other causes. So have the Marriotts, so has Warren Buffett. All of these fortunes are not OLD money, they were earned within the last 50+ or so years.

We have given tens of thousands of dollars ANONYMOUSLY to help families facing a variety of tragic circumstances. None of this was tax-deductible. And then there are the donations we make to church and community causes. We are self-made, we share, and we are not greedy!!

Honest procurement of wealth and prudent investing isn't greed. IT'S INTELLIGENCE!

Midwest Mom
Soldiers Grove, WI

I guess the trickle down theory only works for you if you stand on your head.

skeptic
Phoenix, AZ

@thinkingman, the rich do take the money from the poor, where do you think the money comes from. It is like the giant trees in the forest absorb all the energy from the sun light and filter it from giving birth and growth for smaller new trees. Also, we don't have capitalism in this country; we have corrupted mixed government/capitalist economic system that will fade away with time as the earth's society becomes more global, the same as happened with the feudal economic system . It will be probably be replaced with communism, or a one world government. It is just a matter of time and justice.

freedomingood
provo, Utah

Wealth of today is ridiculous. It's only made possible by the invention of fiat currency and manipulation of other people's work.

Let's say Jesus was teaching in an apple orchard and one man goes and picks all the apples in a 20 mile area. You really think Jesus would say, " Good job, you're a hard worker! Keep all those apples for yourself!" ??

Gildas
LOGAN, UT

Socialism and Communism have not resulted in income equality; there was still a privileged class in the USSR. It was in that respect the same as in other societies where an elite largely control the wealth.

"But it is not given that one man should possess that which is above another, wherefore the world lieth in sin". (Doctrine and Covenants 49:20)

The USA is part of the world.

LarryB
Mesa, AZ

D&C 49:20 "It is not given that one man should possess that which is above another, wherefore the world lieth in sin."

The world will continue to lie in sin until it embraces the gospel of Jesus Christ and the law of consecration.

D&C 104:16 "But it must needs be done in mine own away; and behold this is the way that I, the Lord, have decreed to provide for my saints, that the poor shall be exalted, in that the rich are made low."

Until then, I'll be the first to say that the labor of a doctor who spent years in medical school training and many thousands of dollars in tuition is worth more than that of a fast food worker. Education is the key to eliminating poverty, not paying more for (i.e. subsidizing) low value work.

JoeCapitalist2
Orem, UT

Ernest T. Bass: "Anyone who believes that it's ok for 85 people to own more money than 3.5 Billion people is beyond reason."

I don't know what the actual number is...(maybe 50 million, 200 million, or even 500 million), but there are a large number of people in this world who have a ZERO or less net worth. They own nothing or they owe more than they own. That means if you have $10 in your pocket, you might be richer than 50 million of the poorest people combined. Anyone in America that has a net worth of just a couple hundred thousand dollars (hardly rich by our standards) is probably richer than about a billion of the world's poorest.

Is it "beyond reason", that you are so wealthy? What must be done about that? What if all those people richer than you were gone and you were the world's richest guy with a net worth of just a quarter million dollars? Would you still advocate the same "redistribution" policies that you want to impose on the world now?

JoeCapitalist2
Orem, UT

freedomingood: "Let's say Jesus was teaching in an apple orchard and one man goes and picks all the apples in a 20 mile area. You really think Jesus would say, " Good job, you're a hard worker! Keep all those apples for yourself!" ??"

Would that be the same guy who actually planted the apple trees so that there were apples to be harvested instead of a 20 mile area of weeds and other non-edible plants?

Would that be the same guy who probably employed a few thousand people to pick his apples (no one could pick 20 miles of apples by themselves)?

Would that be the same guy who probably traded most of his apples for other stuff (man cannot live by apples alone) thus creating more trade and industry by those who make the other stuff?

Ernest T. Bass
Bountiful, UT

No, it's greed. Do not denigrate intelligence by claiming greed is intelligence. Again, you people are beyond reason.

Meckofahess
Salt Lake City, UT

@Schnee:

I agree with you on this issue!

Rational
Salt Lake City, UT

@Ex-Pat

Who is to say the trouble makers in 4 Nephi were the rich? Throughout the Book of Mormon the aggressors were the more idle people.

Rational
Salt Lake City, UT

@Ernest T. Bass

"The fact that anyone can defend the udder greed is astounding.
Greed is a horrible, horrible human trait. Anyone who believes that it's ok for 85 people to own more money than 3.5 Billion people is beyond reason."

I think you are confusing greed with covetousness.

Rational
Salt Lake City, UT

@freedomingood

I think he would ask what everyone was doing while that man worked so hard.

SmittySmith
33919, FL

It doesn't surprise me. They have and always will act like it's tough for the rich and they are always crying Poor Mouth. Never Enough! We all knew the game was rigged and now everyone knows it. Just sit back and watch them explain it and defend it! What a joke.....very sad

Gildas
LOGAN, UT

@LarryB

Regardless of how long doctors remain in school they are only valuable in their ability to heal people who are sick. I conclude that my home teacher is more valuable if my faith and his administration makes me whole. Doctors often leave you worse off than you were before - and broke. They seem to do all right financially, don't worry.

You are right in quoting that scripture that states that the rich need to be humbled before they can help the poor. BTW the Law of Consecration is in effect right now for those who will live it. There's nothing to stop anyone from giving all their surplus to help their fellow man. Better to be humble willingly than to wait until commanded.

Ex-Pat of Zion
Lititz, PA

@ Rational

Who is to say that a central Nephite government didn't "redistribute" from a "Bishop's Storehouse"? Was not the same thing done at the founding of the church in the last dispensation? Seems to be pretty consistent with the Lord's plan if you ask me. The article speaks of grotesquely disparate inequality.

Regardless of how the equality was achieved at this point of Nephite history is not given, so everything we say about the mechanisms is pointless conjecture. If you accept the historicity of the BoM, or more importantly, its message concerning the will of God concerning His people, then you can't deny that the most stable and productive society was one where "all was had in common among them".

I interpret that the same way I interpret the United Order, where each was given according to their needs. A societal dynamic "equilibrium" of sorts. Individuals will face different challenges from time to time. Would you not come to the aid of your brother in his time of need?

jdecp
New York, NY

Page 9 of the cited Oxfam report states: According to Credit Suisse, 10 percent of the global population holds 86 percent of all the assets in the world,while the poorest 70 percent (more than 3 billion adults) hold just 3 percent.

Please correct the reference to 300 billion. It should be 3 billion.

I Bleed Blue
Las Vegas, NV

Gandhi said it best.

“The world has enough for everyone's need, but not enough for everyone's greed.”

Commodore
West Jordan, UT

While I rejoice in the reality that hard work, risk-taking, and intelligence deserve higher compensation I am saddened at what amounts to excessive economic hoarding.

Pay your workers a living wage for their county. Give them benefits and time off. Do you really need to amass so much wealth? Instead of such massive disparity could you (the rich) be okay with some disparity? There is so much wealth in this world that all could live a decent life, but unfortunately there are many in power that delight in extracting excessive value from their workers while paying them a mere fraction of their worth. Am I advocating for all to receive equal pay? No. I am advocating for less income inequality. There is a place in the afterlife for those who are excessively cruel to their workers when it comes to wages paid and hours required.

As consumers do we bear some responsibility? Yes. When we buy a shirt that says made in India or Nepal, do we realize that the corporations are paying these workers mere pennies a day? We want the Indians to be employed, but we must demand they are paid living wages and not slave wages.

William Gronberg
Payson, UT

"...Obama and his communist policies!"

Here is a partial definition of the word "communism" taken from my Merriam Webster's Collegiate Dictionary, Tenth Edition,1994

"a final stage of society in Marxist theory in which the state has withered away..."

Mr. Obama's policies hardly facilitate the withering away of government. The withering away of government and "...Obama and his communist policies!" are a mirage.

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