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Wednesday, 25 March 2015 15:17

The rich get richer and the poor get worse...

Written by  Dale Ferrel
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My heart goes out to the real poor, but not to people able to work, but working the system instead.


They contribute nothing to society. They overload the people trying to help the poor. As such they steal from all of us, especially the poor.
On the other side of the coin, people willing to work extra hours or sacrifice to upgrade their credentials, or take educated risks in business will always get my support and hearty congratulations. May they all prosper.
Ah, but there are condescending, diffident thieves among the rich too. These are  some of the very rich that mostly come from the one per cent who will own 50 per cent of all of the world’s wealth by 2016 according to Oxfam, the international inequity watchdog.
In 2014, Oxfam reported that the world’s 85 richest people had as much wealth as the world’s poorest 50 per cent.
The poorest 80 per cent own less than six per cent of the world’s assets. They earn only US$3,851 per annum on average.
That figure includes one billion poor souls earning only $1.25 per day. One in nine of these people don’t even have enough to eat.
Many of the  penury poor could easily be helped from their abysmal plight with responsible investment in education or universal health care.
Closing the gap between wages for men and women and real global standards for universal child and elder care would mitigate some of the perversity thus making a huge difference.
Closing loopholes for international tax dodgers and bribery by large corporations and the rich would be a wonderful start that would provide far more than the minimal cost required to police these abuses.
As an example, financial services and health-care just in the U.S.A. alone spend $900 million annually lobbying their government. I consider most lobbying to be borderline bribery.
Canadian corporations, Bombardier and SNC Lavalin, both out of Quebec are under investigation for millions in bribes. Canadian taxpayers are regularly tapped for millions to prop up these Corporations. That, in order to buy votes for getting politicians elected.
Swiss private banks have long been known for their secret bank accounts providing tax avoidance. HSBC, head-quartered in Great Briton, with global outlets, has its Geneva branch under investigation for helping to hide billions of dollars. Also for millions more involving schemes for money laundering by crime syndicates.
Prime Minister Stephen Harper has recently signed a tax treaty with the Swiss that will help to disclose information for enforcing Canadian tax dodging.
All these, small but correct and generous steps, if carried out with world-wide cohesion, would emulate toward a bit of equality.
No wonder world-wide terrorist groups are able to so easily recruit many pugnacious, covetous, fighters, so provocative and desperate they will die for the terribly twisted, titillating, exhortations and machinations of their mentors.

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