Showing posts with label the poor. Show all posts
Showing posts with label the poor. Show all posts

Tuesday, March 28, 2017

These are the richest people in the world... and below them are the poorest:

Bill Gates and Warren Buffett are the two richest people in the world, according to Forbes Magazine. Jeff Bezos and Mark Zuckerberg are the third and fifth richest. Adding Larry Ellison, David Koch, Charles Koch and Larry Ellison gives America eight the top ten fabulously wealthy at just a few bucks short of half-trillion dollars.


These are the poorest people in the world. Two-thirds of the world's poorest people live in just five countries, according to a new World Bank study--India, China, Nigeria, Bangladesh and the Democratic Republic of Congo. It is somewhat understandable that India and China, the two largest countries in the world with 2.5 billion people, would have a large number of poor. The U.S. is third largest with a mere 340 million.
 
The top one percent of the rich have more wealth than all the rest of us in the world. (If any of you mega-billionaires and millionaires are reading this, excuse me, I didn't mean you.)


In The United States, even though we have eight of the top ten richest.. a great number of us below that incredibly rich level are well off by any standard, a greater number pretty OK, some sort of OK and about 14.5 percent of us have to exist below the poverty level--not OK at all.  


Those 45 million in poverty are living, breathing and surviving, trying to do better like the rest of us but with unique problems and no means to address them. These are the disadvantaged where the stairs to an upper level don't come down far enough for them to climb.

Awww! Poor me.
I was poor once... not dirt poor or desperately poor as many are... just regular poor. And that was in a most different time under most different circumstances.

My family didn't have much, but my sister and I didn't know what we might have been missing. We had food and lived in a small, variable rent house owned by my grandparents. Rent was $20/month when we had it, $0 to minus $20 (they paid us) when the situation required. Living close to grandma and grandpa was like having a fairy godmother and godfather. We lived  in a lower class part of town at a time before two-stall garages, second cars, electronics beyond a light switch, television, lawn tractors, outdoor grills, kitchen gadgets, snow blowers, etc. so we had less to covet.  Internet, cordless phones, video games... what were those?


Simple is not possible today. The pressure is on to live to survive if you are poor. The chasm between high income and little income continues to grow wider as cost-of-living rises without earnings to match for the poor. And to answer at least one critic, many of those in poverty do have cell phones because today, that functions as a lifeline that circumstances demand. That does not equate to being able to afford basic health insurance or take even one step closer without two backward. It's not "Either this or that." It's "How can I and my family survive at this level."

The poor are most often minorities, the disadvantaged and the discriminated against. They are often broken families with mothers and/or fathers working multiple low paying jobs. The are mostly non-college educated and sometimes, lacking a high school diploma. They live in the worse part of town in the worse conditions and often can't help themselves because the steps to a higher level don't start that low.

They live more often in the high crime areas, often circumstantially of their plight. But here's where those lowest share something with those highest. Some-- a minority thank goodness--game the system at both status extremes. One end is more desperate and violent than the other. If there is one thing money does buy, it is a life cushion.

If being powerful can corrupt, then being powerless is it's match.

If you have read Victor Hugo's Les Miserables, seen the movie or know the story, you know of Jean Valjead, the French peasant who stole a loaf of bread for his sister's starving child and paid dearly for his act of survival without empathy. It's not easy being poor.


It's as if we believe some of us are more important than others and taking care of Number One doesn't go any further than ourselves and those like us. That's not a world we can live in. As those below us  grow proportionally less well off, (the richest gained 14 percent in wealth last year) the gap between haves and have-nots becomes almost unbridgeable.

We are governed by the rich, the almost rich and the average rich. Does trickle down mean it is their responsibility to get richer... not that there is anything wrong with that. But can those with great power see beyond partisan politics and winning to realize their responsibility runs far deeper than that?
 
For those who view a future for our children... and our nation, if it's not win-win, then it's lose-lose by default.

There are actually two golden rules commonly acknowledged:
  • Do unto others as you would have them do unto you.
  • He who has the gold, rules.

Which is it to be for us?

PS: That said, thank goodness for the rich. The moneyed can and often do act incredibly benevolent. and by their actions, they do help us all. It's not the money we have... or don't have. It's how lives are lived and action taken that makes a nation.

If President Harry Truman , who started his political career as a haberdasher no less, became a symbol of responsibility and action, then, we can ask ourselves, just where does the buck stop?


Tuesday, January 28, 2014

Money, Money, Money...

ABBA: Agnetha, Anni-Frid, Benny, Bjorg

Money, money, money
Must be funny
In the rich man's world
Money, money, money
Always sunny
In the rich man's world
Aha-ahaaa
All the things I could do
If I had a little money
It's a rich man's world



 ABBA had a ton of hits from the mid '70s to the late '90s. Its songs are the heart of the popular musical, Mama Mia. But perhaps no ABBA song has more relevance than its 1976 recording of  Money, Money, Money.

Maybe you've seen this story: 85 of the world's richest billionaires are as wealthy as the poorest 3.5 billion people in the world!

Forbes Magazine tells us there are l,426 billionaires in the world today. So minus the 85 super wealthiest, there are 1,341 'poorer' billionaires (not counting Scrooge McDuck or Richie Rich) on the outside looking in. How's it feel, you guys, to be poorer?


Bill & Melinda Gates with Warren Buffett
Now before you get the wrong idea, I really like the rich... and so should you. Even if, in our lesser status we are envious, make fun of them or notice a few may be jerks and worse, a world without rich couldn't work. I think that's been tried. Most rich have earned their fortunes by creating opportunities and providing services for others... and many are dramatically benevolent.

Not only have Bill and Melinda Gates and Warren Buffett already committed more than half of their billions through the Bill & Melinda Gates Foundation, they have gotten 102 other 'very rich' to sign The Giving Pledge agreeing to do likewise. And they continually work to recruit others like themselves. Take a look... the Giving Pledge makes very interesting reading. 

Bill Gates once said he and his wife plan to leave their children a very small  (but still not bad) inheritance of their mega billions with the remainder to be used for continuing benevolence. These actions represent just some of the good that money can do.

And no, they and all their pals cannot solve all the world's unbalance. They have done, and will continue to do great things for humankind. Yet, there remain many, many below the poverty line that struggle mightily. These include the new poor--"not only  those laid-off blue collar workers but also downsized tech workers, managers, lawyers and other once-comfortable professionals," says The Atlantic. "Poverty is not a character failing or a lack of motivation. Poverty is a shortage of money... (which) arises largely from inadequate wages." 

OK. I'll stop there because I'm trying to be apolitical.

It is ironic though, that professional athletes in many sports regularly sign million-dollar contracts and in most states, the highest paid state employee is a football or basketball coach, yet a teacher often cannot make a wage great enough to support a family. And no, it is not the athlete's or coach's fault to take what is there but our misguided judgement of value to benefit which has deep roots. Give the rich their due, but money cannot buy everything... and it certainly cannot buy poverty.

The fact is, the spread between rich and poor is widening and the middle class is 'middling' at best. The greatest benefit of a robust... or any economy goes to the wealthy. It's expensive to be poor because a far great percentage of all dollars goes to just trying to get by... and sometimes, even with help, that is not enough. Poverty is a hole without luxury, opportunity or an easy way out.

I hope and pray that those with the power to move mountains get on this case.