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<h2 class="date-header"><span><font color="#fff5ee">Monday, 4 February 2013</font></span></h2>
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<h3 class="post-title entry-title" itemprop="name">Profits of World's 100
Wealthiest Could End Poverty Four Times Over: Report </h3>
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<h1 style="color: rgb(34, 34, 34); font-family: arial, sans-serif;"><b> </b></h1>
<div style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12px;">A short comment by the blogger preceeding the
main article.<br><br><br>Re: Old Hat Thinking, and Understanding.<br><br>The old
redistributionist argument for the gaining of financial wealth via taxation is
laudable as far as it goes. However, it is often very difficult to achieve
especially in connection with tax "avoidance" by corporations. Morever, we need
more intelligent, and visionary thinking which could become practical reality
with the help of relevant experts. Here, one refers to the development of
Transfinancial Economics. In such a "futuristic" system in its more advanced
stage, it would be possible to create new money electronically without fear of
serious inflation, and currency devaluation. In present day economics, interest
rates, and tax rises are the basic means to try, and achieve "control" over
inflation. With advanced stage TFE, direct electronic means would probably be
more effective, and powerful to achieve this, and would not seriously damage the
Free Market Price in the present capitalist system. The implications of this are
far-reaching for the social, economic, and political development of the world.
It could also end poverty as there would always be the funding at the ready.
Using redistribution is the hard way to achieve all this. Whether we like it, or
not the rich, and the super rich will fight to ensure that they can keep as much
of their profits as possible. Advanced stage TFE ultimately goes beyond the
usual "obssession" of redistribution, and offers the possibility of financial
easing for many socio-economic project without using earned money, and/or earned
tax money all the time.<br><br><a href="http://www.p2pfoundation.net/Transfinancial_Economics"><font color="#ffffcc">http://www.p2pfoundation.net/Transfinancial_Economics</font></a><br><br><br>The
following text is on the subject matter of the main
article<br><br><br>RS<br><br><br><br><br><br><br><a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4Gqk0PB-2BclWfzimLPI-2FzSD-2BHuHFtVewWjpirdPghkV577A-3D-3D_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3MybuUe43KOemYenl62oUIy4PozK0jhmahfDEGAVMjlmbhSDq5ETj007VaQXvbi7KL1vz-2Fr3QKrC102RYS5whQ8-3D" rel="nofollow" target="_blank">Jon Queally's ZSpace Page</a> / <a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4GrCDUxswLSep3PDl641KChV_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3JBRzX1wGOTyfVsmJFPFVi8-2BpbXkJytWCbXRXfPFHPQGuaryOKYZ9aN-2FRdzxsEFUZ9gAc3pe4Xir6Dy40W6C04Q-3D" rel="nofollow" target="_blank">ZSpace</a><br><br> </div>
<div style="color: rgb(34, 34, 34); font-family: Verdana; font-size: 12px;">
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">The profits of the world's one hundred most wealthy
individuals last year would be enough to wipe out world poverty, says a new
report. And not just once over, or twice over, but the vast amount of money that
has flowed to the top of the world's financial food chain would be enough to
eradicate the worst kind of poverty a full four times over.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">Such an explosion in extreme wealth and income
inequality represented by these numbers is exacerbating and hindering the
world’s ability to tackle poverty, <a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKW3VplGJ6Noj1a57ys4jUB0VBaOxrUnQwx5vodKxmiYBML-2B2AmMg2r82k6kakd8S4dG0AvcTN9h0wASjrq9wHTyfBwVgqSTuSQZjgnjn4MMoPSFK6eqLRGZhHoquIGlqPhfypCxkuIT5CumNrvsgS6QXp1NBRsZDwmM7GglOaQX6Z_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3LqET-2FEkuG4IPn34Pn-2FkovS4WhQOaSR1-2BiQYkqqVQShqC9yUmSBQYI2dN-2FkSXq-2B-2FUTqxEo-2FO-2FSeZRBHUzdPZ2Kk-3D" rel="nofollow" target="_blank">warns</a> international aid group Oxfam International
in a new analysis published ahead of the World Economic Forum starting in Davos
this week.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">According to the report, ‘<a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwZV1k6Mt54fhOCI8ib-2FF8NRyvZet-2B5EWZ9H9bFA4SHEIQ-2FIJjIlq0zaOYodCsc2otExl-2F1AHQIoONY9hObvrCr-2BELlXvXfzuzSUV9hDOfe3_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3AcvY9xL72OPm-2BMRvV-2BlspWkgILcK3ba3py9kbpGQXbJnJ2Pso7O-2FWdnROIOtDH5OJjEJklYPhGRdvtvl8QzLQ4-3D" rel="nofollow" target="_blank"><b>The cost of
inequality: how wealth and income extremes hurt us all</b></a>,’ the $240
billion net income in 2012 of the richest 100 billionaires would be enough to
eliminate extreme poverty four times over. In releasing the report, Oxfam is
calling on world leaders to curb today’s income extremes and commit to bringing
back inequality levels to at least those experienced in the early 1990's.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">“Concentration of resources in the hands of the top
one per cent depresses economic activity and makes life harder for everyone else
– particularly those at the bottom of the economic ladder," said Jeremy Hobbs,
Oxfam's executive director.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">“We can no longer pretend that the creation of
wealth for a few will inevitably benefit the many – too often the reverse is
true," he said. “In a world where even basic resources such as land and water
are increasingly scarce, we cannot afford to concentrate assets in the hands of
a few and leave the many to struggle over what’s left.”</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">In addition, Barbara Stocking, Oxfam's chief
executive, <a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWyuntSBdLfiPWyr5HmcUhcuemhuPAnjmCLOqjuWWMO-2Bola3WhJGNmh4ccj87xQaQfZPGZkPEbGnuwWO8Eg2VwMPhGSlcRayBID1sG1n7gkS-2B_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3MfSMAiBEoElWDdJXaVAXTYdrh2Sowl7F9sy-2FuLJaGjqcQ7DIsZp6tHYabfvkXTi6x9videu6jU-2FtIg2Soo7lKI-3D" rel="nofollow" target="_blank">says</a> the world's extremity of wealth inequality
is "economically inefficient, politically corrosive, socially divisive and
environmentally destructive".</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">Oxfam is calling for a 'new global deal' which
would stabilize the world's economic systems and bring equality back in way that
would benefit all humanity.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">“From tax havens to weak employment laws, the
richest benefit from a global economic system which is rigged in their favour.
It is time our leaders reformed the system so that it works in the interests of
the whole of humanity rather than a global elite.”</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">The group estimates that closing tax havens – which
hold as much as $32 trillion or a third of all global wealth – could yield an
additional $189bn in additional tax revenues. In addition to a tax haven
crackdown, elements of the "global new deal" Oxfam envisions would
include:</div>
<ul style="margin-top: 0in;" type="disc">
<li style="line-height: 17px; margin-left: 15px;" class="yiv1570380292MsoNormal">a reversal of the
trend towards more regressive forms of taxation;
<li style="line-height: 17px; margin-left: 15px;" class="yiv1570380292MsoNormal">a global minimum
corporation tax rate;
<li style="line-height: 17px; margin-left: 15px;" class="yiv1570380292MsoNormal">measures to boost
wages compared with returns available to capital;
<li style="line-height: 17px; margin-left: 15px;" class="yiv1570380292MsoNormal">increased
investment in free public services and safety nets. </li></ul>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal"><a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKW40wpP5YbqonCkAJO7fHGAKkLOCSVtipvXpFi60mEiQXEyqs6Y4IX0vLf0xu28jhBE1GID6EPacACATXAJzVng4-3D_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3FIdExEMQ7H7nsQqvbmT75CUbzBfclLwjN2FO5HjopQNTdFUROK6TPJ0-2B8ThYMOuDn6ZM2fumYImjxEjAqjkPDg-3D" rel="nofollow" target="_blank">According</a> to <i>Al-Jazeera</i>:</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">The group says that the world's richest one percent
have seen their income increase by 60 percent in the last 20 years, with the
latest world financial crisis only serving to hasten, rather than hinder, the
process.</div>
<div style="line-height: 17px;" class="yiv1570380292MsoNormal">"We sometimes talk about the 'have-nots' and the
'haves' - well, we're talking about the 'have-lots'. [...] We're anti-poverty
agency. We focus on poverty, we work with the poorest people around the world.
You don't normally hear us talking about wealth. But it's gotten so out of
control between rich and poor that one of the obstacles to solving extreme
poverty is now extreme wealth," Ben Phillips, a campaign director at Oxfam, told
Al Jazeera.</div></div>
<hr style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12px;">
<div style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12px;"><b>From:</b>
<a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4GpH-2FNw1Z5juZZPvNJxNZTHJ_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3ONzdXz0XwYbZdcWKnDzF0X1KTTlJ-2ByFZUhe8TRYP6cP3LE06BY-2BRVb2ko-2Fkv3RfOBR5iaXvSzSmHnbJwRuWP2s-3D" rel="nofollow" target="_blank">Z Net - The Spirit Of Resistance Lives</a><br><b>URL:</b> <a style="color: rgb(17, 85, 204);" href="http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4Gp3LSPTYgVcL3rQ9XT6EbkujSkT2f892fawWaO0cKP-2B855QCcWbD48cy7TprIUxnSwbJ-2FL1jXojJFkB4p1NvusR6YwHuKRkdZl0TXHcP6tUppD8nOqlcpHQHrYQMAQKn-2Bg-3D_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3ArkQS2vIBD2tIuXLa55xAAKyN8Icij4gT5U-2BIOFbA0zXM6thZsdMbFsGWpbym82FvaxeOp-2FIDq2nrEf3k8lIm4-3D" rel="nofollow" target="_blank"><span style="color: red;"><b>MailScanner has
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