Top Ten Richest Peoples on Earth

[notsuperstitious]

Don't you think there is something essentially wrong with a society that has a person whose income is 30 billion dollars while 300 million of his countrymen live on less than 365 dollars in a year? This is nothing to be proud about. We should be ashamed. In fact this kind of stat kind of makes me sick.

Nmesis, the problem you raised is a valid one of eradicating poverty, and nobody can dispute it. Its essentially a question of how.

We tried a different path for 4 decades, and poverty remained where it was. Now we are trying capitalism, and the povery situation has actually improved, the govt can afford employment guarantee schemes because of the resurgent economy. the job of industrialists is to create wealth and the govt to tax them and use that money towards creating a humane state. Let the industrialist do their bit and let the govt do theirs.

The successful industrialists are our heroes indeed, they are successful, lets not condemn them just because they are successful, there are many who failed, but their failure did not automatically reduce poverty, only added to it.

 

[fallstuff]

Don't you think there is something essentially wrong with a society that has a person whose income is 30 billion dollars while 300 million of his countrymen live on less than 365 dollars in a year? This is nothing to be proud about. We should be ashamed. In fact this kind of stat kind of makes me sick.

It does raise your eye brows.

I don't have any beef with this as long these wealth created values along the way. They made all the decisions they thought were right decisions, and that brought them were they are today. Maybe these companies were in a better position to take advantage of the Economy liberalization.

I would say these rich Indian Boys score better than United Health Care CEO, who got a billion and a half in retirement package in the U.S when 45 milion don't have health insurance.

Lehman Brothers top management borrowed money against toxic Assets, but showed the transaction as a sale, thereby improving the balance sheet ( Cooking the books). And then, gave themselves giant bonuses based on those cooked up numbers !

Finally, the Wall Street boys received TARP bailout worth about $700 billion, which essentially brought them back from extinction. As a sign of gratitude, bonuses on Wall Street rose 17 percent last year to $20.3 billion.

I got a beef with this kind of wealth accumulation.

 

[below_freezing]

I'm ashamed any chinese is even in this list. it is criminal to be so rich when some people in my country are so poor.

 

[Abhiras]

self delete

 

[Abhiras]

haha...i wonder why some Chinese are questioning

i think they do not know India is doing better then china on income equality scale known as gini coefficient scale.....

let me explain 0 in gini scale represent perfect equality and 1 represent perfect inequality so lower coefficent means perfect distribution...

most unequal distribution of wealth :
world rank```````````country``````````gini coefficient
35````````````````china````````````0.447
52````````````````united states``````0.408
--`````````````````world average`````0.405
102```````````````india`````````````0.325

 

[gambit]

I'm ashamed any chinese is even in this list. it is criminal to be so rich when some people in my country are so poor.

Communist party members included? Do not forget that China once took the path of criminalizing wealth. Got nowhere.

 

[fallstuff]

I'm ashamed any chinese is even in this list. it is criminal to be so rich when some people in my country are so poor.

Why would you be ashamed of a Chinese on that list ? This is inevitable in a capitalist system. Some guy will make the right decisions and get way ahead of others in wealth accumulation.

There are few things you can do to counter this inevitable.
You can take the tax rate of the super rich to astronomical levels. Tax asset holdings. You can also make laws that put a limit on wealth accumulation!

 

[rakesh_sabrah]

List of Pakistanis by net worth - Wikipedia, the free encyclopedia

He..He ..!!!! JOKE OF THE CENTURY.......!!!!!!

 

[xebex]

He..He ..!!!! JOKE OF THE CENTURY.......!!!!!!

I see you are a new member here, so let me warn you about the rules of the game...........DONT TROLL AROUND.

PS: introduce yourself in Members Introduction so that we can officially welcome you.

 

[rakesh_sabrah]

I see you are a new member here, so let me warn you about the rules of the game...........DONT TROLL AROUND.

PS: introduce yourself in Members Introduction so that we can officially welcome you.

Ohhhhh.!!!! that was a Warning of Kind Suggestion ????

Btw i would be glad to Introduce myself ....may i the work flow???