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The rich individuals are increasingly hoarding everything. If the billionaires want to go to space, they could at least leave their money on Earth to… - Jeffrey Sachs
" "The rich individuals are increasingly hoarding everything. If the billionaires want to go to space, they could at least leave their money on Earth to solve the critical Earthbound problems. We now have an estimated 2,775 billionaires with a combined net worth of around $13.1 trillion. I have it on good authority that you don’t need more than $1 billion to live comfortably. Even if every billionaire kept $1 billion, that would leave around $10 trillion for ending hunger, poverty, and environmental destruction. We should be taxing the vast and rapidly growing billionaire wealth to help finance a civilized world.
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About Jeffrey Sachs
Jeffrey David Sachs (born November 5, 1954) is an American economist, academic, public policy analyst and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known as one of the world's leading experts on sustainable development, economic development, international relations and the fight against poverty.
Also Known As
Native Name:
Jeffrey David Sachs
Alternative Names:
Jeffrey D. Sachs
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Professor Jeffery Sachs
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Sachs, Jeffrey
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Additional quotes by Jeffrey Sachs
We need the United Nations as the core and central institution of our world. The only way we’re going to have a peaceful, civilized world is through a strong UN. It’s absurd that the UN core budget is a mere $3 billion per year, when New York City’s budget is around $100 billion. We chronically underfund the UN system and then ask, “Why don’t things work well?”
The United States foreign policy is based on "regime change". So how much trust can there be, especially after events like the Maidan? The United States is not a peace-loving country, it is a power seeking country. [...] The United States has overthrown dozens of governments. It definitely contributed to the overthrow of Yanukovych. It definitely tried to overthrow al-Assad in Syria and was a major provocation of the war there. And I know this from the inside, not just from the outside. [...] I know from top people involved in these issues what I'm discussing right now.
Impunity is epidemic in America. The rich and powerful get away with their heists in broad daylight. ... The Journal recently opposed the corruption sentence of former Virginia governor Bob McDonnell for taking large gifts and bestowing official favors — because everybody does it. And one of its columnists praised Panama for facilitating the ability of wealthy individuals to hide their income from “predatory governments” trying to collect taxes. No kidding.
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