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(BBC-US)   The world's 10 wealthiest men could pay for vaccines for the entire planet if you ignore minor inconveniences like the inability to liquidate trillions in stock and overcoming physical distribution hurdles   (bbc.com) divider line
    More: Interesting, Poverty, Wealth, World Bank, Africa, wealth taxes, basic social floor, Oxfam estimates, corporation taxes  
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925 clicks; posted to Main » on 25 Jan 2021 at 4:05 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2021-01-25 10:33:55 AM  
Submitter left out the salient point: The world's 10 wealthiest men could pay for vaccines for the entire planet solely from the increase in their wealth since the pandemic began, and still have money left over.

And it's pretty easy to liquidate a few billion in stock, as Bezos has shown in the past.

In other words, get farked, dishonestmitter.
 
2021-01-25 4:06:45 PM  
Most of humanity's problems are caused by humanity. We could solve them if we really wanted, we just choose not to.
 
2021-01-25 4:09:10 PM  

Herr Morgenstern: Most of humanity's problems are caused by humanity. We could solve them if we really wanted, we just choose not to.


Logistics and efficiency are easily fixable with modern technology, but yeah. We just don't have our hearts set on fixing our problems.
 
2021-01-25 4:09:16 PM  
Yes, so let's make the poor people pay for it.  Most of their assets are liquid.

/Lucky Duckies.
 
2021-01-25 4:09:25 PM  
Oh, those poor ultrawealthy douchebags and their lack of liquidity! You go, submitter Renfield! I'm sure they'll reward you for all the bugs you'll eat for them!
 
2021-01-25 4:11:16 PM  
and they probably don't want to.
 
2021-01-25 4:13:04 PM  
Yeah Bezos and Gates just know fark all about distribution
 
2021-01-25 4:13:57 PM  
They'll release the hounds on you if you ask.
 
2021-01-25 4:14:10 PM  
Why does God allow this?
 
2021-01-25 4:14:41 PM  
biatch Rich better have my money vaccine.
 
2021-01-25 4:15:19 PM  
Release the Robotic Richard Simmons
Youtube HtDvs4J0Z0A


Hounds or....  worse...
 
2021-01-25 4:16:16 PM  
I've bought an entire bar a round of drinks a couple times in my life and it felt awesome. Imagine buying a round of vaccinations for the entire world. I bet you'd get laid.
 
2021-01-25 4:19:48 PM  
Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them
 
2021-01-25 4:20:06 PM  
This country would already have enough if Voldemort had bothered to order enough for us when he had the chance.
 
2021-01-25 4:22:26 PM  
The reality is, if Bezos, Musk and Zuckeberg tried to unload their holdings tomorrow, Amazon, Tesla and FB would crater, and collateral damage would shave 30-50% from the DJIA.
 
2021-01-25 4:23:18 PM  
With the amount of money they have I find it kind of strange they didn't stop at some earlier time."Oh, I've got 10 billion dollars. That seems like enough for forever."
 
2021-01-25 4:24:46 PM  

bacchanalias and consequences: With the amount of money they have I find it kind of strange they didn't stop at some earlier time."Oh, I've got 10 billion dollars. That seems like enough for forever."


It can be like hoarding at some point

/you can't take it with you and it does no good sitting around so spend it?
 
2021-01-25 4:26:07 PM  
If they don't want us to force them to pay their fair share, now would be a good time for a good will gesture.
 
2021-01-25 4:26:52 PM  

bacchanalias and consequences: With the amount of money they have I find it kind of strange they didn't stop at some earlier time."Oh, I've got 10 billion dollars. That seems like enough for forever."


As I imagined hitting the jackpot last week, I primarily did things like:
1. What to give family
2. What to give co-workers and friends.
3. Pay off all water and electric bills in my state for those behind.

Etc.

And playing with that, I still got to spend the rest of my life in a paradise.

Something is simply broken in those who crave that much power. I'm no saint, but there is just nothing to do with that level of money.
 
2021-01-25 4:27:52 PM  

Herr Morgenstern: Most of humanity's problems are caused by humanity. We could solve them if we really wanted, we just choose not to.


Well, yeah. If humanity had just stayed home most of the day, wore masks, and social distanced when they did have to go out we wouldn't be in this mess to begin with. But here we are!
 
2021-01-25 4:28:14 PM  

johnphantom: If they don't want us to force them to pay their fair share, now would be a good time for a good will gesture.


I like that.
Force them. Bahaha
 
2021-01-25 4:29:50 PM  

FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them


Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...
 
2021-01-25 4:31:35 PM  
I'm very willing to overlook that. Liquidate away!
 
2021-01-25 4:31:36 PM  
Who says they necessarily need to liquidate?

Give us the shares, you sleazy biatches. We'll even do one-time no-fee mass transactions.

/computers have made this sort of thing quite easy, all things considered
 
2021-01-25 4:34:01 PM  

Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...


I bet if you looked you'd find answers to a bunch of those questions.
 
2021-01-25 4:34:03 PM  
Where rich broads, where?
 
2021-01-25 4:34:09 PM  

H31N0US: The reality is, if Bezos, Musk and Zuckeberg tried to unload their holdings tomorrow, Amazon, Tesla and FB would crater, and collateral damage would shave 30-50% from the DJIA.


I thought stops were put in place if the market drops like 5% in a day ( there are no stops if the market increases 100% a day, however )
 
2021-01-25 4:38:17 PM  

H31N0US: The reality is, if Bezos, Musk and Zuckeberg tried to unload their holdings tomorrow, Amazon, Tesla and FB would crater, and collateral damage would shave 30-50% from the DJIA.


Except it would be 100% transparent in the case being proposed - everyone would know why, and would know that it was irrelevant to future free cash flow. It would be irrational for any other markets to give one iota that the liquidation were for an express purpose that would have no effect on future business. Rational actors.

Which is the real reason why no one ever wants to see such mass liquidations occur - exposes the inefficiencies of irrationality in the capital markets, which then put the "rational actor" supposition squarely in the crosshairs of economic theory.  Capitalism would bite the dust aaaand we can't have that now can we...
 
2021-01-25 4:38:55 PM  
Lol yeah using the obscenely wealthy as examples to prove a salient point is so stupid! Subby is spot on!
 
2021-01-25 4:38:56 PM  
"Rich people just have theoretical money that's all tied up in stocks."

"They'd do more for the planet if we just let them by abolishing environmental oversight."

"Boot leather can make into a nutritious paste."

These and many other lies regurgitated by Libertarians as part of my 15 part CD set. DM me for pre-orders.
 
2021-01-25 4:43:47 PM  

NateAsbestos: Lol yeah using the obscenely wealthy as examples to prove a salient point is so stupid! Subby is spot on!


My favorite part is one of two things is true:

1. Redistribution of wealth will result in everyone's needs being met.

2. There is literally not enough food, housing, water, medicine, etc etc for everyone to survive.

Those like subby who pretend 1 isn't true are never seen suggesting ways to address 2. Because they are dishonest trash or literally want people in poverty.
 
2021-01-25 4:44:07 PM  

UltimaCS: "Rich people just have theoretical money that's all tied up in stocks."

"They'd do more for the planet if we just let them by abolishing environmental oversight."

"Boot leather can make into a nutritious paste."

These and many other lies regurgitated by Libertarians as part of my 15 part CD set. DM me for pre-orders.


I mean, if they can't use it, then they won't notice it if the government takes it away. Seems like good logic to me. No worries.
 
2021-01-25 4:44:50 PM  

Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...


All of those could be answered, but they are hidden behind dense scientific writing and journal paywalls. It's also hidden behind a decent scientific education about how messengerRNA works in the body which you seem to lack."Genetic aberrations" ha! It's ok, I know boomers didn't have info about RNA in their high school textbooks like I did.
 
2021-01-25 4:45:12 PM  

Smackledorfer: NateAsbestos: Lol yeah using the obscenely wealthy as examples to prove a salient point is so stupid! Subby is spot on!

My favorite part is one of two things is true:

1. Redistribution of wealth will result in everyone's needs being met.

2. There is literally not enough food, housing, water, medicine, etc etc for everyone to survive.

Those like subby who pretend 1 isn't true are never seen suggesting ways to address 2. Because they are dishonest trash or literally want people in poverty.


Which, to pile on myself, if 2 is true then no amount of bootstrappiness or second jobs or side hustles or overtime or blah blah blah can solve societal problems.
 
2021-01-25 4:45:33 PM  

Smackledorfer: bacchanalias and consequences: With the amount of money they have I find it kind of strange they didn't stop at some earlier time."Oh, I've got 10 billion dollars. That seems like enough for forever."

As I imagined hitting the jackpot last week, I primarily did things like:
1. What to give family
2. What to give co-workers and friends.
3. Pay off all water and electric bills in my state for those behind.

Etc.

And playing with that, I still got to spend the rest of my life in a paradise.

Something is simply broken in those who crave that much power. I'm no saint, but there is just nothing to do with that level of money.


The system isn't broken.

We saw this happen with the Robber Barons as well. Later, the Great Depression was a time of massive wealth redistribution because the alternative was far bloodier.

Those laws and rules have been rolled back. That is why we are back here again.
 
2021-01-25 4:47:21 PM  

Smackledorfer: Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...

I bet if you looked you'd find answers to a bunch of those questions.


Err... those questions above take YEARS to answer in a physical manner.

We once rushed out a prototype vaccine to stop influenza in the 1960s.

When the group had children, every single birth was either stillborn, died of SIDS, had horrendous autoimmune diseases (IID) or chronic hemophilia.

None made it past ten years old.

It is WHY Vaccines got a bad name in the first place. Every piece of vaccination misinformation fell from that tree.
 
2021-01-25 4:48:28 PM  

Smackledorfer: Smackledorfer: NateAsbestos: Lol yeah using the obscenely wealthy as examples to prove a salient point is so stupid! Subby is spot on!

My favorite part is one of two things is true:

1. Redistribution of wealth will result in everyone's needs being met.

2. There is literally not enough food, housing, water, medicine, etc etc for everyone to survive.

Those like subby who pretend 1 isn't true are never seen suggesting ways to address 2. Because they are dishonest trash or literally want people in poverty.

Which, to pile on myself, if 2 is true then no amount of bootstrappiness or second jobs or side hustles or overtime or blah blah blah can solve societal problems.


But it isn't true.
 
2021-01-25 4:51:44 PM  
Yeah, the antivaxxers outta go along with this.
 
2021-01-25 4:52:15 PM  

Weatherkiss: Herr Morgenstern: Most of humanity's problems are caused by humanity. We could solve them if we really wanted, we just choose not to.

Logistics and efficiency are easily fixable with modern technology, but yeah. We just don't have our hearts set on fixing our problems.


Maybe we could use crypto and distributed computing.

I trust Bitcoin with my pandemic response. You should, too.

In fact, I'll sell you my share. Right now.
 
2021-01-25 4:52:31 PM  
I expect Elon Musk to come to my house and personally administer my vaccines. While he's there, he can drop off my check for eleventy thousand dollars.
 
2021-01-25 4:54:45 PM  

maddog2314: Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...

All of those could be answered, but they are hidden behind dense scientific writing and journal paywalls. It's also hidden behind a decent scientific education about how messengerRNA works in the body which you seem to lack."Genetic aberrations" ha! It's ok, I know boomers didn't have info about RNA in their high school textbooks like I did.


Yo. Stupid.

I have a B.S. in Toxic Arachnology. Why do you think my Fark nickname is, "Pissed-Off Spider Guy"?

RNA-anhydrase-alteration isn't how the COVID vaccine works, either. It forces mutation of leukocytes into KT cells along the CD4 T-Cell chain.

It warps your immune system. THAT is ABSOLUTELY against Scientific Ethics. Genetic Manipulation is shaky ground.
 
2021-01-25 4:56:36 PM  
Nice try subby, Beezeus liquidates $10 billion worth of stocks every other year. Did you know he only makes an annual salary of $81k? Yet last year he contributed $10 bil to climate change causes. How democratic! I love when a rich person can influence the tide of the world on a whim, don't you? Like Twitter banning Don. Maybe all the billionaires should pool their money and put an abortion clinic on every corner. Effective use of wealth right there. Gotta lower those corporate taxes so they can make my dreams come true!
 
2021-01-25 4:58:07 PM  

Nadie_AZ: Smackledorfer: bacchanalias and consequences: With the amount of money they have I find it kind of strange they didn't stop at some earlier time."Oh, I've got 10 billion dollars. That seems like enough for forever."

As I imagined hitting the jackpot last week, I primarily did things like:
1. What to give family
2. What to give co-workers and friends.
3. Pay off all water and electric bills in my state for those behind.

Etc.

And playing with that, I still got to spend the rest of my life in a paradise.

Something is simply broken in those who crave that much power. I'm no saint, but there is just nothing to do with that level of money.

The system isn't broken.

We saw this happen with the Robber Barons as well. Later, the Great Depression was a time of massive wealth redistribution because the alternative was far bloodier.

Those laws and rules have been rolled back. That is why we are back here again.


I didn't say anything about the system. I said humans who crave that much are broken humans.
 
2021-01-25 4:59:09 PM  

Nadie_AZ: Smackledorfer: Smackledorfer: NateAsbestos: Lol yeah using the obscenely wealthy as examples to prove a salient point is so stupid! Subby is spot on!

My favorite part is one of two things is true:

1. Redistribution of wealth will result in everyone's needs being met.

2. There is literally not enough food, housing, water, medicine, etc etc for everyone to survive.

Those like subby who pretend 1 isn't true are never seen suggesting ways to address 2. Because they are dishonest trash or literally want people in poverty.

Which, to pile on myself, if 2 is true then no amount of bootstrappiness or second jobs or side hustles or overtime or blah blah blah can solve societal problems.

But it isn't true.


Did you think I was saying it was?
 
2021-01-25 5:04:55 PM  
Boo hoo, the rich own too many things.
 
2021-01-25 5:05:55 PM  
Billionaires not able to liquidate stock?

Yeah, that's not true:
https://github.com/MKorostoff/1-pixel​-​wealth/blob/master/THE_PAPER_BILLIONAI​RE.md
 
2021-01-25 5:09:20 PM  

Farking Clown Shoes: And it's pretty easy to liquidate a few billion in stock, as Bezos has shown in the past.



If they liquidated their stock holdings, it would most likely cause a world wide crash of the stock market.  You can't just dump them all at once, you have to spread it out over a period of time, and given their holdings, that would be a long damn period of time.
 
2021-01-25 5:12:33 PM  

Smackledorfer: 2. There is literally not enough food, housing, water, medicine, etc etc for everyone to survive.


There's enough food in the world for everyone.  The problem is the food isn't necessarily in the same location as the people who need it.  It's not just a transportation issue.  All too often food is shipped to a struggling nation and the asshole dictator who caused the famine uses the donated food as a weapon.
 
2021-01-25 5:15:58 PM  

Jedekai: maddog2314: Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...

All of those could be answered, but they are hidden behind dense scientific writing and journal paywalls. It's also hidden behind a decent scientific education about how messengerRNA works in the body which you seem to lack."Genetic aberrations" ha! It's ok, I know boomers didn't have info about RNA in their high school textbooks like I did.

Yo. Stupid.

I have a B.S. in Toxic Arachnology. Why do you think my Fark nickname is, "Pissed-Off Spider Guy"?

RNA-anhydrase-alteration isn't how the COVID vaccine works, either. It forces mutation of leukocytes into KT cells along the CD4 T-Cell chain.

It warps your immune system. THAT is ABSOLUTELY against Scientific Ethics. Genetic Manipulation is shaky ground.


Your Fark nickname is Jedekai.  Nobody here cares enough to give you a nickname.  (I assume, however, that mine is "didn't I already block that guy" because that's what everyone thinks when they see my posts.)

And you took what, probably one cell biology course and no medical courses in getting a bachelor's in bugs?  (Sorry, couldn't resist the alliteration.). Yeah, definitely more of an effort than people who do it for a living.
 
2021-01-25 5:21:12 PM  

I May Be Crazy But...: Jedekai: maddog2314: Jedekai: FTGodWin: Bold move subby!

"The Peoples Republic of Fark" does not care for these types of shenanigans.

/besides, if they did pay, nobody would trust them

Bill Gates pretty much proved that. "Microchips".

I have INNUMERABLE ethics questions about the vaccines... if a cold remedy can take 10 years to reach clinical use, how can you approve a vaccine in SIX MONTHS, FDA?

Or: how many of the trials were peer-reviewed in multiple laboratories? What was the percentage of side effects? How severe? In what age category/blood type/immunity system was the vaccine most efficacious? Are there any genetic aberrations observable after innoculation?

...oodles more...

All of those could be answered, but they are hidden behind dense scientific writing and journal paywalls. It's also hidden behind a decent scientific education about how messengerRNA works in the body which you seem to lack."Genetic aberrations" ha! It's ok, I know boomers didn't have info about RNA in their high school textbooks like I did.

Yo. Stupid.

I have a B.S. in Toxic Arachnology. Why do you think my Fark nickname is, "Pissed-Off Spider Guy"?

RNA-anhydrase-alteration isn't how the COVID vaccine works, either. It forces mutation of leukocytes into KT cells along the CD4 T-Cell chain.

It warps your immune system. THAT is ABSOLUTELY against Scientific Ethics. Genetic Manipulation is shaky ground.

Your Fark nickname is Jedekai.  Nobody here cares enough to give you a nickname.  (I assume, however, that mine is "didn't I already block that guy" because that's what everyone thinks when they see my posts.)

And you took what, probably one cell biology course and no medical courses in getting a bachelor's in bugs?  (Sorry, couldn't resist the alliteration.). Yeah, definitely more of an effort than people who do it for a living.


Just a few years ago he was saying he works for the military and all taxes are evil.

He's a nutter.
 
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