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Billionaire! A really fancy terms, isnt it? Everybody wants to be
the one. A billionaire is financially stable. All sorts of
Billionaire! A really fancy terms, isnt it? Everybody wants to be the one. A billionaire is financially stable. All sorts of convenience or pleasure is available at their fingertips.
A billionaire can be a person who owns an enterprise whose net worth is in billions or he/she has 1,000,000,000 a thousand million amounts of currency in their banks account. A part from currency units they have other royalty associated with them depending on their wealth, which makes that amount of wealth almost unattainable for other.
In general terms billionaire or a millionaire can be called as RICH. Surprisingly 80% of worlds wealth is with the 2% of the richest and rest 20% of the wealth is with the 98% of rest of the population with includes medium class and poorer combined.
You must not be knowing but the worlds total asset is worth 223 trillion. Surprisingly richest 300 people on earth has the same amount of wealth as poorest 3,000,000,000. This inequality exists in terms of countries. So lets have two categories, on one hand we have the rich countries and on the other hand we say the poor countries. Lets get to the facts. 200 years ago rich countries were 3 times richer than the poor countries. After the colonization, rich countries became 35 times richer and current statistics says rich countries are 80 times richer than the poor countries. Surprising? Why such financial inequality? Why this gaps keeps increasing?
Well its fortunate that rich countries tries to compensate by giving $130 billion to poor countries each year but large corporations are taking more than $900 billion dollars out of poor countries each year through a form of tax avoidance called trade mispricing. Apart from that poor countries are paying $600 billion as a debt service to rich countries. Moreover money is lost by trade rules imposed by rich countries, with that cheaper labor and other resources includes $500 billion. Altogether it comes to 2 trillion which is lost by poor countries ever year.
We need a change. We need a solution. We need out of the box thinkers. We need new Ideas, which can be implemented on larger scale.
In this broad category of poor countries, India is among them. India has the potential to become one of the financially stable rich country. What India needs? It is you. IT IS YOU WHO CAN BE THE CHANGE.