Archive for Poverty

Billionaires Versus Poverty

Posted in Children, Health, Modern World with tags , , , , , , , on 12/03/2011 by floroy1942

The Forbes list of billionaires has just been released, and I cannot help but wonder if any of these people have a conscience. The list of billionaires country by country is getting longer every year, and the amount of wealth these few people have amassed is also growing at an alarming rate.

Carlos Slim-The World's Richest Man

Today, the world’s richest man is mexican telecom giant Carlos Slim with an estimated wealth of $74bn, an increase of 20.5% over the last year. Second place goes to Microsoft’s Bill Gates with $56bn with Warren Buffet of the Berkshire Hathaway Group coming in third with $50bn. I find it most distasteful that so much money can go to a single person when there are so many people starving in the world.

Let’s face it, for Carlos Slim, or any of them, to spend all their billions sensibly they would have to live at least two maybe three lifetimes and still would not use it all up. So if you have that much money, is it morally correct to amass such a fortune and do nothing with it but use it to get more?

Mexico Slum Area

Mexico too has a great many poor and deprived citizens, but if Mr. Slim would give $60 or $70bn it would go a long way in alleviating these problems, and he would still have more money than  he could spend in his lifetime. Certainly enough for the huge villas and a Ferrari for every day of the week.

I can only assume these people have only one real goal in life, and that is to make more money. The united wealth of the 790 confessed billionaires in the world ($2.6 trillion) could solve nearly all the hunger, sickness and poverty on earth, if they had more of a conscience. I could not be happy knowing that I had so much money and could not spend a great deal of it helping those who cannot help themselves, like the starving in Africa.

I fully realize that a billion dollars is not what it used to be, and it doesn’t buy as much, but $50-60-70bn. That’s a mountain of money in any currency.

Poverty In India

For example, India has millions of people living below the poverty line and yet, this country currently tops the world rankings for the number of billionaires at 23 with a combined wealth of $99bn. In all good conscience, I could not live with myself if I did nothing to spread my over-abundance of wealth with the needy.

Bill Gates-A Rich Philanthropist

From what I know, Bill Gates is the only one who is publicly making use of his money by helping those in dire need, a fact that moved him from 1st to 2nd place in the world rankings, and got him the James C Morgan Global Humanitarian Award in 2006. Since he retired as head of Microsoft he has used his accumulated wealth to provide technology that will help lift people out of poverty and I applaud him for it.

I have to wonder why more of these mega-rich people do not do the same. Its a shame more of them don’t have a feeling of guilt when they count their money. I know I would!

Roy.

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