(January 28, 2013 at 2:46 pm)CapnAwesome Wrote: 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/
In the 'for what it's worth' department, extreme poverty has declined to under a billion over the last 20 years, primarily due to economic growth in China and India. 'Africa next' he says, crossing his fingers.
