[somedude895]

So Oxfam is just a socialist think-tank now? These numbers make for a great headline, but they really don't mean anything. You could take every penny from every billionaire in the world today and it wouldn't really make a difference in the grand scheme of things.

Millions of people being lifted from lower into middle-class is sure to be much worse for climate change. Poorer countries tend to not have the infrastructure to support a green power grid, and they generally need carbohydrates to industrialize.

In many countries the top 10% of earners tend to bankroll most government spending due to progressive taxation. If that income was distributed to the bottom 90%, the lower tax brackets would lead to much lower tax revenue in advanced economies, meaning that governments have less to spend on switching to green power sources and the infrastructure to support them.

But of course blaming the rich is a more comfortable truth for many, because covering up envy as a fight against injustice is killing two birds of morality with one stone.