He isn't actually evil, but he symbolises a terrible evil - 56 Billion dollars in his pockets, whilst half the world lives on less than $2 a day. What a rotten bastard. I hope he falls down the stairs and breaks his dick.
Well if we distribute his wealth to all the good little boys and girls on the face of the earth they each get ten bucks. And they only get it once because the man does not make $56 billion a year.
Here's a little food for thought, Sploop: Right now you and me are sitting on an income share almost as disproportionately big as Mr. Gates. The top 1% of income earners around the World make 20% of the World's income, but the top 20% of the World's population makes
85% of the World's income, combined. So where does that other 65% go? It goes into the pockets of the middle class and the poor in rich countries. If you make more than $8,000 a year, you're making more than your fair share.
You know why is it that such a deep inequality is required to sustain your living standard and mine, which aren't so opulent anyway? Because the World as an aggregate is very, very,
very poor. GWP per capita in 2006 was $7,800 nominally, $10,200 at purchasing power parity. And that, my friend, does nothing but confirm my suspicion that it isn't inequality that causes crappy living standards, it is underdevelopment. The United States in the early 20th century was just slightly more unequal than it is today, but in real terms workers make about ten times more. Know why? in 1900, the GDP in the United States was $4,900 per capita in 2000 dollars. That's less than modern-day China.
What's more, I recently found out that thanks to deflation, salaries for unskilled work were rising faster during the gilded age than at any point since.
Full article
here.
Adjusted for CPI inflation, blue-collar wages were rising at a rate of 1.27% a year from 1840 until 1890. From 1950 until 2000, they were rising at a real rate of 0.99% a year, even though nominally they were rising five times faster.