World's wealthy worth $37.2 trillion and give <1% to charity

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Comments

  • Alex_Coe
    Alex_Coe Posts: 762
    I'm just sayin', it's easier to judge the bad people than to make a difference yourself. Just sayin', homies.
  • know1
    know1 Posts: 6,801
    hippiemom wrote:
    I haven't advocated FORCING anyone to give their money away, the way the pro-life crowd advocates FORCING a pregnancy or anti-drug people advocate FORCING imprisonment. But yes, I will call a greedy pig a greedy pig.

    Not a very good analogy since the pro-life crowd doesn't FORCE people to get pregnant, but rather opposes them ENDING the pregancy.

    Or...anti-drug people do not force anyone to go to prison who didn't choose to be involved with drugs.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • IndianSummer
    IndianSummer Posts: 854
    gue_barium wrote:
    But, but...they contribute so much to the economy, and create jobs!

    And they pay an ugodly amount in taxes! Way more than us po' folks!

    God bless the 1%.

    God bless us all!

    rightly pointed out.
    I have faced it, A life wasted...

    Take my hand, my child of love
    Come step inside my tears
    Swim the magic ocean,
    I've been crying all these years
  • cincybearcat
    cincybearcat Posts: 16,880
    hippiemom wrote:
    I haven't advocated FORCING anyone to give their money away, the way the pro-life crowd advocates FORCING a pregnancy or anti-drug people advocate FORCING imprisonment. But yes, I will call a greedy pig a greedy pig.


    Pro-life isn't forcing a pregnancy at all.
    hippiemom = goodness
  • mammasan
    mammasan Posts: 5,656
    surferdude wrote:
    On a more serious note what is everyone's giving philosophy? I have a set amount I give every year to a feew charities. Then when I make what I call crazy lifestyle purchases (travel, guitars, home renos, etc...) I always feel they need to be offset by an equal additional charitable donation. I live a priviedged life and sometimes feel guilty about what I spend some money on. Would love to get an idea of what others do, maybe I can do things a better way.

    I donate about 3-4% of my salary to a few charities and I also volunteer to help mentor under-privileged kids and do some volunteer work with Gamblers Anonymous.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • Drew263
    Drew263 Birmingham, AL Posts: 602
    cincybearcat wrote:
    Pro-life isn't forcing a pregnancy at all.

    I've always found it quite interesting that the crowd that does all the screaming against censorship and for choice is the same crowd that wants to stamp out dissent.

    The term "Fairness Doctrine" comes to mind as does non wealthy people complaining that successful people don't do exactly what the non successful people want them to do.

    In other words, liberals love freedom as long as it's ruled by a dictator.
  • surferdude
    surferdude Posts: 2,057
    mammasan wrote:
    I donate about 3-4% of my salary to a few charities and I also volunteer to help mentor under-privileged kids and do some volunteer work with Gamblers Anonymous.
    I guess volunteer work is an area I should look into. My son plays less team sports so I'm coaching a lot less. Thanks for the reminder.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • onelongsong
    onelongsong Posts: 3,517
    El_Kabong wrote:
    http://in.today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2007-06-28T002023Z_01_NOOTR_RTRMDNC_0_India-282089-1.xml&archived=False

    World's wealthy worth $37.2 trillion - report

    By Tim McLaughlin

    []bNEW YORK (Reuters) - The wealth of the world's rich and super rich surged 11.2 percent to $37.2 trillion last year but the elite group gave less than 1 percent of their net worth to charity, a study released on Wednesday said.

    For the first time, the 11th annual World Wealth Report detailed philanthropic giving, and estimated that high net worth individuals turned over $285 billion to charitable causes in 2006. That's equivalent to someone worth $100,000 giving about $766 to charity, or 0.76 percent of their wealth.[/b]

    The 11th annual report said, however, that rich people -- led by the ultra wealthy -- are increasing the financial resources, time and thought that they donate to charities.

    Merrill Lynch & Co., the world's largest brokerage, and Capgemini, a global consulting company, released the wealth report, which showed the largest growth of high net worth individuals happening in Singapore and India. Singapore's wealthy population rose 21.2 percent and India's grew 20.5 percent.

    High net worth individuals are defined as people with at least $1 million in net assets excluding their primary residences. The double-digit growth of their assets -- a pace unseen in several years -- was fueled by gains from emerging economies such as India and China and wealth accumulation by the ultra rich.

    The ranks of the world's ultra rich -- individuals with at least $30 million in assets not including their primary residences -- increased 11.3 percent to 94,970, the report said. Total wealth accumulation for this group rose last year by 16.8 percent to $13.1 trillion, the report said.

    The report estimated that there were 9.5 million people worldwide with at least $1 million in net assets.

    The United States has the most wealthy people, followed by Japan and then Germany, according to the report's researchers.

    Merrill Lynch and Capgemini said they examined the "investments of passion" of the wealthy and found that luxury collectibles such as vintage yachts and automobilies selling for hundreds of thousands of dollars were among the top items.

    The report also said Boeing Co.'s wide-body private jets are being customized at about $150 million each as mobile mansions.

    In 2006, wealthy people shifted more of their money into real estate investments, at times liquidating some of their holdings in hedge funds to do this, the report said.


    © Reuters 2007. All Rights Reserved.

    that's why their rich.

    *footnote* i've been telling all of you to invest in realestate for over a year now. not so much houses; but land the people displaced by global warming will need to live on. as we lose land to the oceans; the price for dry land will rise.
  • Abuskedti
    Abuskedti Posts: 1,917
    Drew263 wrote:
    I've always found it quite interesting that the crowd that does all the screaming against censorship and for choice is the same crowd that wants to stamp out dissent.

    The term "Fairness Doctrine" comes to mind as does non wealthy people complaining that successful people don't do exactly what the non successful people want them to do.

    In other words, liberals love freedom as long as it's ruled by a dictator.

    Isn't it a republican position that charitable assistance should not come from the government, but from the private sector? You know, less government.. well except when it comes to building a family... the republican positon there is that choice remains one for congress.
  • mammasan
    mammasan Posts: 5,656
    Drew263 wrote:
    I've always found it quite interesting that the crowd that does all the screaming against censorship and for choice is the same crowd that wants to stamp out dissent.

    The term "Fairness Doctrine" comes to mind as does non wealthy people complaining that successful people don't do exactly what the non successful people want them to do.

    In other words, liberals love freedom as long as it's ruled by a dictator.

    Well I wouldn't say all liberals. I'm pretty liberal, socially speaking, but I have also noticed a sweeping feeling of entitlement amongst many liberals. They feel that the government and/or wealthy are obligated to provide certain entitlements to society which is not true. The rich are not obligated to be charitable with their money and the government is not obligated to provide certain services or benefits to the public. It is an added benefit to society if these entities decide to provide, in the form of charitable contributions or social services, but by no means are these things entitled to us.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • onelongsong
    onelongsong Posts: 3,517
    Abuskedti wrote:
    Isn't it a republican position that charitable assistance should not come from the government, but from the private sector? You know, less government.. well except when it comes to building a family... the republican positon there is that choice remains one for congress.

    let's take this a step further. people donated when they believed in the cause. people donated when the money went to the needy and not to administrators padding their pockets. years ago we donated to organizations that taught people how to fish; now they just give away fish and that doesn't help anyone. why donate to that cause?
  • chadwick
    chadwick up my ass Posts: 21,157
    Uncle Leo wrote:
    Boy has the Coulter crew overrated this post.

    I honestly don't think one person here has suggested that it is not the rich's right to donate next to nothing. Have they judged them? Sure. They think it is sad that people don't do more. I did not see any suggestions of "Charity donation minimums for the rich" or "jail time for non-donators."

    Meanwhile...

    Don't judge them. They can do what they want with their money and owe nothing to the world. By the way, you non-christians are going to hell. It says so in the bible, which we should be reading in public schools. And while you, socialist, are not suggesting laws about charity, we DO have laws that do not allow you to get high and we are trying our damndest to get abortion outlawed. My laws are all over your body, slut.

    Calling ppl names like this is pritty fucked up.
    So I think I will do something fucked up.
    You are an asshole.
    for poetry through the ceiling. ISBN: 1 4241 8840 7

    "Hear me, my chiefs!
    I am tired; my heart is
    sick and sad. From where
    the sun stands I will fight
    no more forever."
    Chief Joseph - Nez Perce
  • Abuskedti
    Abuskedti Posts: 1,917
    onelongsong wrote:
    let's take this a step further. people donated when they believed in the cause. people donated when the money went to the needy and not to administrators padding their pockets. years ago we donated to organizations that taught people how to fish; now they just give away fish and that doesn't help anyone. why donate to that cause?

    don't disagree with that at all. You throw money and people will scramble for new clever ways to catch it.

    It really doesn't matter..as a group, American's really have no inclination to help anyone. Not as a nation or as individuals. We are built to serve ourselves. Funny thing is, we also consider ourselves a Christian nation.

    When the martians come - it will be so embarassing
  • mammasan
    mammasan Posts: 5,656
    Abuskedti wrote:
    don't disagree with that at all. You throw money and people will scramble for new clever ways to catch it.

    It really doesn't matter..as a group, American's really have no inclination to help anyone. Not as a nation or as individuals. We are built to serve ourselves. Funny thing is, we also consider ourselves a Christian nation.

    When the martians come - it will be so embarassing

    What are you talking about. American individuals are some of the most charitable in the world. We actually donate more to foreign causes than our own government, in 2004 the US government spent 19.1 billion in foreign aid. The US public spent 71 billion. Also in the past 6 years the amount of charitable donations by Americans had steadily increased every year.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • chadwick
    chadwick up my ass Posts: 21,157
    What is wrong with being helpful towards others who need it?
    And living a happy low-key simple life without super-extravagance.
    for poetry through the ceiling. ISBN: 1 4241 8840 7

    "Hear me, my chiefs!
    I am tired; my heart is
    sick and sad. From where
    the sun stands I will fight
    no more forever."
    Chief Joseph - Nez Perce
  • mammasan
    mammasan Posts: 5,656
    chadwick wrote:
    What is wrong with being helpful towards others who need it?
    And living a happy low-key simple life without super-extravagance.

    There is nothing wrong with that, but no one is obligated to live that way. If someone wants to blow all their money on themselves that is their business not ours.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul
  • even flow?
    even flow? Posts: 8,066
    mammasan wrote:
    Well I wouldn't say all liberals. I'm pretty liberal, socially speaking, but I have also noticed a sweeping feeling of entitlement amongst many liberals. They feel that the government and/or wealthy are obligated to provide certain entitlements to society which is not true. The rich are not obligated to be charitable with their money and the government is not obligated to provide certain services or benefits to the public. It is an added benefit to society if these entities decide to provide, in the form of charitable contributions or social services, but by no means are these things entitled to us.


    Long time reader of this thread, first time comment. ;) I don't really think the government should hold everybody's hand and give them what they want. But when you vote on your own raises, which always end up in a yea status, you better be doing something for the less fortunate. Thus, why pay taxes to an entity that I don't really have any control over. But can dictate almost everything about the way I live. F'n right that those who benefit from lack of the government leash better be giving back in one way or another. If they want to roll around in their money and keep it to themselves that is their bizniz. And we are free to call them what we want. The situation ain't going to change. People need to get off their high horses on both sides of the fence. You can't see government regulations that aide rich well you are oblivious to how the big show works. You can't see why the rich don't want to part with their money you are just as oblivious. The only classes in life should be in school. I don't look up to people who are rich or self made as much as I don't look down my nose at the poor and people who have fallen on hard times.
    You've changed your place in this world!
  • Abookamongstthemany
    Abookamongstthemany Posts: 8,209
    mammasan wrote:
    There is nothing wrong with that, but no one is obligated to live that way. If someone wants to blow all their money on themselves that is their business not ours.


    I'm sorry but it is when so many people in this world are dying from hunger and disease becuase they have no means to fix these problems. It's a fucking crime.
    If you want to tell people the truth, make them laugh, otherwise they'll kill you.

    Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.
    -Oscar Wilde
  • Abookamongstthemany
    Abookamongstthemany Posts: 8,209
    hailhailkc wrote:
    Abortion? Leave me alone, it's my body, my choice.

    Drugs? Legalize them, we should be truly free and have a choice to use them if we desire.

    God? Don't force that down my throat.

    Other peoples money? Well…they should spend it the way WE think they should spend it…or they're greedy pigs!!!!!!!!!!!



    Funny how you guys get so involved with other peoples money, but you're so hands off about everything else. I wonder who the real greedy bastards are sometimes.

    Sorry, but I've always said we should stay out of people's lives if their actions aren't causing any harm to others. This extreme greed and control over the world's resources and wealth is hurting waaaaaaay more people than abortion or drugs EVER WILL.
    If you want to tell people the truth, make them laugh, otherwise they'll kill you.

    Man is least himself when he talks in his own person. Give him a mask, and he will tell you the truth.
    -Oscar Wilde
  • mammasan
    mammasan Posts: 5,656
    Abookamongstthemany wrote:
    I'm sorry but it is when so many people in this world are dying from hunger and disease becuase they have no means to fix these problems. It's a fucking crime.

    It's not a crime. It's unfortunate, but what people do with their money is their business and they are in no way shape or form obligated to help the less fortunate. I personally would like to see those that have the means to help actually do it but I will not begrudge them for not doing it.
    "When one gets in bed with government, one must expect the diseases it spreads." - Ron Paul

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