too rich?

[CapnAwesome]

Billionaires' fortunes hinder fight against poverty, says Oxfam
Charity says $240bn amassed by 100 richest people last year would be enough to end extreme poverty four times over.

This story provokes me.

http://www.guardian.co.uk/society/2013/j...erty-oxfam

I'm not entirely sure of the Math that they are using for this article. If you taxed an extra 25% on the 240bn, you'd have 60 billion dollars. That is not even close to enough to end poverty. There are around 1.29 billion people living in extreme poverty. So you'd have around 50 extra dollars a year for all of them. In other words about 30 cents a day. That's with a 100% efficient distribution system, which obviously isn't possible. So I'm fairly baffled where they are getting their math from.

Also the old axiom of the rich getting richer and the poor getting isn't true. In fact the poor are getting richer as well, and huge numbers of people are coming out of extreme poverty.

http://india.blogs.nytimes.com/2012/03/0...worldwide/

Lets keep one thing in mind, nobody in the US or UK lives in extreme poverty. Nobody. One year I lived on 2000 dollars, and that probably seems impossible to most people on here, but that is still almost 8 times as much as a enormous percentage of the world.

Overall I think that this article is ill-supported by any evidence, has a deceptive principal, and is more fueled by propaganda than fact.