World's richest 1% emit as much carbon as bottom two-thirds: report

And now what? Let's assume those are really the true calculated or estimated values without any bias due to interests of publishers of such studies and their political or ideological background. Even when now summed up, the amount of 16% caused by the super rich plus the same 16% caused by the two-thirds poor make together only 32% which is less than a third. Even without all riches, the level would still be 84%. So practically it's of no use, neither the bashing of rich people, nor playing one group of people on this planet against another group of people.

The masses need to take back our planet!

Yep.

Nor are the wealthy invested in polluting industries at a similar ratio to any given investor -- billionaires are twice as likely to be invested in polluting industries than the average for the Standard & Poor 500, previous Oxfam research has shown.

Their contribution to environmental damage is in line with their overwhelming wealth.

https://www.oxfam.org/en/press-releases/richest-1-will-own-more-all-rest-2016

Ironic that the same crowd who rail about a climate change hoax and "elites" do not want elite assets to be taxed and confiscated in line with the top 94% tax rate during the Eisenhower administration in the US which had an era of the most broad based wealth.

So practically it's of no use, neither the bashing of rich people, nor playing one group of people on this planet against another group of people.

Watch yourself there Svensan. You are encroaching on the Church of Mobs core tenants and strategies! This one’s a particularly appealing one too. The ultimate oppressors, the evil top 1% in the red corner vs the ultimate victim, Mother Earth in the blue!

B rated Cult worthy.

yeah keep demonizing the rich

Climate Equality: A Planet for the 99%", was based on research compiled by the Stockholm Environment Institute (SEI) and it examined the consumption emissions associated with different income groups up to the year 2019.

I wish people would stop throwing around the word "equàlity." When it comes to money, justice, race, etc., it does not exist on this planet.

Tax them till their pips squeak. They don't pay their full share of the damage they do. They displace it on to others and the future. To spell that out: that means everyone else pays for it.

If the masses could get past the state and religious divisions between us, we could have an effective planet-wide revolution and get rid of the 1%.

Interesting, some people actually believe wealth is created either by luck (inherance, magic) or from the sweat of other people's back, no idea what is to create even a small restaurant from scratch or spend many nights coming up with new ideas to help and give what people crave.

It's literally a sudden little spark that ignites your life from the hourly wage earner counting the minutes to go home to the successful free man enjoying his lunch buffet at Hilton after winning his day before 2pm.

It is not the wealth, it is the tendency for the wealth to reach a certain critical mass where it is unstoppable and keeps growing and destroying opportunities for others to gain wealth. Secondly, the Earth is still a commons where the rich can dump their polluting ways with no or very little cost. This is a fact.

it is the tendency for the wealth to reach a certain critical mass where it is unstoppable and keeps growing and destroying opportunities for others to gain wealth

Almost as if rich people were money magnets, 0 effort and the money will keep flowing in while the poor cant even open their wallets afraid their money will be sucked away as well.

If you wake up in the morning and you're not attached to any kind of life support machine there is absolutely nothing preventing you from going out and creating your opportunities, being master of your own time.

Interesting how the far right and the rich have been able to use language to push their biases; an example is calling 'socialist' or 'communist' government policies and programs that do not primarily benefit the wealthiest, but that might provide a handful of services for the working and middle claases, and those at the lowest end of the wealth spectrum. An example is using 'socialist and 'communist' as pejoratives in attempts to appeal to the willfully ignorant and poorly educated, many of whom having very limited understanding of those terms, to keep the blind followers of the .01% believing in trickle down theory.

Of course, if you are happy paying for the super-rich to exploit you and your right to a liveable planet then you will be happy when you are surplus to their requirements. Perhaps, in the meantime, you can create a new ideological justification of the power imbalance and the innate superiority of your overlords, including a generalised lack of empathy and sympathy for those sectors of humanity that are being successively denied. After all, capitalist ideology looks terribly worn around the edges and a new feudalism looks more likely.

Have the rich cut down on their propensity to travel by private jet and acquire transport that pollutes much more than the average?

Certainly, ‘they’ would say so (luxury car sales prove it too) but the reality is the rich have a tendency to overdo everything and thus their pollution levels are at a far higher level than the average person.

Leftists don’t understand, the government will just identify the next group as rich until you are considered rich.

There will always be a 1% to rail against. eliminate the billionaires it’s the millionaires, then it’s the 100k-ers.

own your own plane rich changes to can fly private to can fly at all rich to owns a car rich to owns a bike rich.

Eventually anyone outside the political class/their friends who dares to own anything at all is “rich”. And a target.

Dem socialist politicians with this “tax the rich” nonsense are….currently rich. And exempt.

Surely this a warning to keep the poor as poor as possible to stop them increasing their carbon footprint.

Seems this does support keeping everyone as poor as possible!

for the climate!

but then again we do need someone to pay for all the “free stuff” the left loves.

Just agreeing with what the person at 7:12 said.

why don’t you question them if you cant understand?

Leftists don’t understand, the government will just identify the next group as rich until you are considered rich. 

There will always be a 1% to rail against. eliminate the billionaires it’s the millionaires, then it’s the 100k-ers.

’the government’?

Which one? If you are talking about yours, when do you imagine the ‘100k-era’ will be rich.

Put your money where your mouth is and give us a timeline. It hasn’t happened in our lifetimes, when is it coming? Go on.

Still, good news for you.

If you live long enough you’ll really be rich. You can buy that private jet you’ve been dreaming about!

Leftists don’t understand, the government will just identify the next group as rich until you are considered rich. 

You complain about a government plan that ‘leftists’ won’t understand?

Does that mean it is your ‘team’ plan?

when do you imagine the ‘100k-era’ will be rich.

By 2026 if Biden somehow stays in office with his obscene levels of taxation, inflation and giving away our money to foreign countries,

 obscene levels of taxation, 

lol

“The average savings account balance among Americans surveyed is $25,898. The average is skewed higher by outliers who reported having a large amount of savings relative to the median.”

Median American's Savings Account Balance Is $1,200, down from $4500.

so maybe im wrong and 100k is “rich” already. At least to democrats who want your money for their social programs and overseas proxy wars.

so be careful when you support screwing over rich people, it might be you they talking about.

’if Biden somehow stays in office’

Somehow. If.

You know, if he somehow successfully cheats again. Unlikely to be successful in that the 2nd time a trick play only works once.

The only thing standing in their way are the billionaires. 

there won’t be any billionaires left after you liberals tax them at 90 percent. They will all be living in other countries.

Or getting “loans” to avoid claiming income.

Yep 400k is supposedly rich, highest tax bracket. Is that really rich?

then you only get 450k for 2 of you if you are married.

We don’t all casually get multiple checks of up to 200k from our brothers and sons, ya know?! 100k is a LOT of money for most people.

Could be only the top 1% have that much sooner than later.

You know, if he somehow successfully cheats again. Unlikely to be successful in that the 2nd time a trick play only works once.

No, I don't know. Because it's something made up to deal with the fact that Trump is the only incumbent to lose his bid for reelection 30 years.

there won’t be any billionaires left after you liberals tax them at 90 percent. They will all be living in other countries.

Tax everything 90%? This is nonsense. Why am I not surprised that the MAGA loons don't know how taxes work?

“To Save US Democracy, Tax the Rich at 90%”

yep.

The masses need to take back our planet!

What does that even mean? lol Explain how you measure the success of that endeavor!

"The richer you are, the easier it is to cut both your personal and your investment emissions," he said. "You don't need that third car, or that fourth holiday, or you don’t need to be invested in the cement industry."

Interesting fact: You could own a HUNDRED cars and still produce less CO2 than the poor guy driving his single car. I have yet to meet a rich guy who could drive two (or more) cars at the same time!

And what does this guy have against the cement industry?? If it's so evil and the owner sells it to purify himself of that evil, somebody else is going to buy it! (confused look) Are we supposed to just not use cement anymore??

Only $140K/yr is the top 1%? That's can't be right. We don't feel like 1%ers.

https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/ says that the top 1% of Americans need to earn $819,324/yr in 2021.

Group Avg. Wages Top 0.1% of Earners $3,312,693 Top 1% of Earners $819,324 Top 5% of Earners $335,891 Top 10% of Earners $167,639

So even the top 10% in the USA puts them in the top 1% for the world? That can't be right, can it? We feel comfortable, but hardly wealthy. We have 1 vehicle and it is 23 yrs old.

Quote: World's richest 1% emit as much carbon as bottom two-thirds

I don't like rich people, but that does not sound mathematically credible. In general, activist science is untrustworthy science.

Climate change is just climate change. Adapt.

Earth is not standing still.

No rich evil wishes to destroy Earth.

Progress thanks to technology will do.

As for now, about 200 000 more human beings per day on this planet.

As for now, about 200 000 more human beings per day on this planet.

Unfortunately almost all born into poor families with little hope for better.

GBR48

Quote: World's richest 1% emit as much carbon as bottom two-thirds

I don't like rich people, but that does not sound mathematically credible. In general, activist science is untrustworthy science.

Please state your reasoning (or are you committing the fallacy of appeal to personal incredulity?)

As long as O2 is a free ressource it will not change

This is a very believable story. As to how many cars one person can drive at a time, rich people have children, too Chauffeurs, friends, workers, servants. . .and a rich guy will need all those people, don't you think.

Most of the people commenting here, including, me are part of the richest 1%. A small effort from all of us can have a big impact. Just do it.

The private jet illustration is just misleading on purpose, that's the 1 per million not 1%.

Firstly, Oxfam ceased to be a charity, when the organization morphed into a political lobby group.

Its priority is persuading/lobby government to introduce a series of “wealth” taxes, through a ever more sensationalist manipulative use of “statistical inference”

Quote…the process of drawing conclusions about an underlying population based on a sample or subset of the data.

“World's richest 1% emit as much carbon as bottom two-thirds: report”, or “85 people at the top own the same amount of wealth as the bottom 3.5 billion”

These stats have a life of their own

Both share a fundamental flaw; the stats are for too vague to reliably extrapolate such an assumption. More importantly, do not quantify or remotely define what “wealth” means in any form of fiscal or monetary economic value.

“Wealth” bears no relation in fact as a standard of living.  

“Wealth” cannot simply be defined as assets minus debts. Proportionally someone might be carrying/financing huge amounts of debt, house, car, credit cards, student loans etc, defined a negative wealth. First world middle classes.

Oxfam defines as……

The income threshold for being among the global top one percent was adjusted by country using purchasing power parity -- for example in the United States the threshold would be $140,000, whereas the Kenyan equivalent would be about $40,000.

Referring to net worth.

So, totaling up the net worth of the bottom decile, it will equate to negative sum.

However without any recourse or access to credit. Spot the flaw in the whole Oxfam scenario.

You won’t find the poorest people on planet earth. using this methodology, in say India, they’re the people who have a negative net worth of billions statically.

It is Oxfam’s misleading political cynicism in constructing any statistic that insists ‘the top X have the same amount of wealth as the bottom Y.

itsonlyrocknroll is making many good points.

Lots of people who earn $150K/yr in the US have more debt than assets. For them it is about monthly cash flow being sufficient to service the debt payments for the next 30 yrs.

Very few Americans who seem wealthy have ZERO debt. It isn't in their nature.

Precisely theFu,

Walk down the street, plush houses, expensive cars, 2/3 kids, 2/3 holidays, credit cards, wealth built on sand from easy credit.

My family is different. We literally have ZERO debt. We were brought up that if you can't pay cash for something, then you shouldn't have it.

The only things I've not paid for with cash in my life were 1 vehicle and a house. Paid both of those off much faster than the loans required. I dislike debt of any sort.

I don't even have a cell phone contract for service. That's another form of debt for a luxury item.

theFU

I don't even have a cell phone contract for service. That's another form of debt for a luxury item.

You don't have utilities gas, water power? No mobile phone.

Only $140K/yr is the top 1%? That's can't be right. We don't feel like 1%ers.

You're not. You're 4%ers.

SOURCE: https://graphics.wsj.com/what-percent/