The worlds’ wealthy get richer, and the poor get poorer. Does it all the time need to be that method?
In 2020, the world’s super-rich loved a file rise of their wealth.
— World Financial Discussion board (@wef) January 13, 2022
Not essentially. It was fascinating when Dr Eli David tagged Elon Musk with a problem final October to finish world starvation by donating $6 billion.
🔹 2% of @elonmusk‘s wealth is $6B
🔹 In 2020 the UN World Meals Program (WFP) raised $8.4B. How come it did not “clear up world starvation”?
— Dr. Eli David (@DrEliDavid) October 30, 2021
The plan was developed by David Beasley, the Govt Director for the UN World Meals Programme, and is now in place.
The world is on hearth. I have been warning concerning the good storm brewing resulting from Covid, battle, local weather shocks & now, rising provide chain prices. IT IS HERE. 45M lives are at stake—and growing day by day. If you happen to don’t feed individuals, you feed battle, destabilization & mass migration. pic.twitter.com/VotIZlEAGE
— David Beasley (@WFPChief) November 15, 2021
Elon Musk stated sure, so long as the plan was clear. Sadly, he asn’t signed the $6 billion cheque however, when a billionaire or trillionaire can not spare 2% of their wealth to unravel world starvation, it’s a must to ask: why? As a result of Elon wished open-source accounting and, as Dr Eli factors out, no-one would ever comply with that.
No, @elonmusk, the UN 🇺🇳 and its organizations corresponding to WFP would by no means open supply their accounting, as a result of then you definately would understand that ~80% of the funds is wasted on paperwork and incompetence. https://t.co/3eoNgaFwUU
— Dr. Eli David (@DrEliDavid) October 31, 2021
Open supply accounting? Expertise will clear up this! When the highest 0.01% of wealthiest people maintain 11% of the world’s wealth – up greater than $400 billion from 10% in 2020 – whereas 100 million fell into excessive poverty … one thing’s gotta change.
I really imagine that the likes of Invoice Gates and Elon Musk have their coronary heart in the precise place. Extra so possibly than Richard Branson and Jeff Bezos who’ve their hearts set on house. Elon additionally needs to enter house, but when he donated $6 billion to treatment world poverty then that might be wonderful. But, I additionally empathise together with his view that it must be open sourced as a result of, with out transparency, an terrible lot of that cash might line the pockets of dictators, warlords and chiefs who’ve zero curiosity in giving it to the trigger it’s meant for.
That is the place blockchain raises its head as soon as once more.
In China, charitable donations given by Alipay stream by a blockchain ledger so you may see in case your $6 was truly delivered to the ravenous households you wished to assist. With out that transparency, charity is nothing.
I don’t learn about you, however I’ve met fairly a number of charity leaders who stay in grand homes, earn six-figure salaries and seem like respectable however I believe if their actions had been clear, there could be some suspicions there.
Nonetheless, if a small group of individuals personal all of the wealth on the earth and billions don’t have anything, there should be some solution to rebalance?
I suppose that’s the place individuals just like the Huge Tech leaders of this world are going to make a distinction. Keep in mind, these are usually not outdated individuals. They’re younger(ish) and need to make a distinction. My private heroes? MacKenzie Scott and Melinda Gates.
When individuals develop into wealthy past their goals, they can provide away their wealth to assist different individuals’s goals. Is there anything extra worthy?