Davos 2015 - The BBC World Debate A Richer World but for Whom

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1. Islam is the solution. Gold should be world's currency, No interest, Price control on Goods and Services, Zakat (The one that the prophet advised)
   
    Middle East is nice example.
   - Democracy is causing poverty because each and every leader will have to steal money when he/she leaves the office. He/she wont care about the people
   - All currencies should be equal in value
   - No interest in banks just like Libya. Example:
   I borrowed 100000 to start a business 20% interest I will need to pay back 120000. Its like a purchased a laptop but I will have to payback with a mobile phone
   - Price control leads to no inflation, if oil price raise everything price raise
   - Zakat, Prophet s.a.w. said give zakat so that the poor gives zakat next year, meaning distribute the tax money from the rich to the poor in order to provide employment.
2. "Cause" of the problem down right" bad luck", "contributor" to the problem "Greed"
3. It's because the way the game is played and how it was set up in the first place, wealth is created when labour is exerted to produce an item of value or when labour is used to extract a natural resource, the question is who owns the labour and who owns the natural resources that make up the items of value. If we consider that all human beings have inherent rights to live on this planet then we must accept that we all own our own labour and we are all shareholders in this planets natural resources, therefore we the people are the wealth creators and as such why would you give your stake away to an individual, you wouldn't would you! This is a question of what system best suits the people whether its Individualism or collectivism most or all control systems fall into either one of these ideologies, by the way the poor don't need the rich but the rich need the poor, for every millionaire created there must be at least 1000 poor people.
4. I get the feeling like more people from different parts of the world should be on this panel. In fact the audience should have been way more diverse too.
5. Disgusting. Never have i seen so much ignorance gathered in one spot. How can so many of these ppl be so uninformed in an age of information? F@#kin grey haired baby boomers. Outdated and antiquated. No one said anything that challenged the current economic paradigm. This panel discussion was a fail. These ppl were so transparent. You could almost see the greed, apathy and narcissism oozing off them. Disgusting. The only person with a morsel of truth was the black lady. 
6. The one person who has identified the primary cause of income and wealth inequality in the world is economist Joseph Stiglitz, echoing the analysis of the 19th century political economist Henry George. The world's societies are dominated by rentier elites. This has been understood by some analysts for a very long time. The solution has been understood as well: change the way governments raise revenue to pay for public goods and services. End the taxation of earned income flows, real capital goods and commerce. Look to the rent of land, natural resource laden lands  and land-like assets (e.g., the broadcast spectrum and takeoff and landing slots at airports and licenses to exploit the seabeds) for revenue. If there is then a surplus, the surplus can be distributed to each person as a societal dividend.
   
   The closest the world community came to adopting such a principle was the law of the sea treaty. This treaty was opposed in the United States by corporate interests that have here (and everywhere) always managed to gain control over mineral, timber and even grazing lands at nominal payment as a percentage of the full potential market ground rents. Worse yet, the law then allows holders of such licenses to assign their privileges to other parties and capture the rents that ought to be paid to the community.
   
   As Winston Churchill declared while campaigning as a Liberal in 1909, the fundamental cause of inequality is monopoly, and the monopoly of nature is "the mother of all monopolies."
   
   Until we solve the land question wealth inequality will only worsen.
7. Martin Sorrell‘s six point plan is a reasonable starting point.  I propose adding one of Esther Dyson’s solutions for humanity’s problems, “venerate the people who raise our children”, to Martin’s list.