‘Lamenting Cycle of Poverty’: So Few Should Not Determine Future of So Many – Joe Issa
Environmental advocate
and philantropist Joe Issa is lamenting the reality of the 80-20 rule of thumb stating
it doesn’t have to be so for poverty and inequality as the situation is
man-made and therefore, can be improved so that more people can share in the
wealth of the nation.
Issa was speaking against the background of World Bank figures which show that 80% of the wealth on earth is owned by 20% of its population, following the well known 80:20 rule of thumb which, “at its core, is a statistical distribution of data that says that 80% of a specific event can be explained by 20% of the total observations,” Investopedia said.
“Be that as it may, I think the 80:20 distribution is man made and therefore, can be changed if we all play our part,” said Issa, noting that “global warming can now be added to the mix, as it is also man made and bows to the 80-20 rule of thumb, in terms of who is being affected by it and who is causing it in the first place.”
Informing that the widely accepted and applied rule of thumb was discovered by an Italian after observing that 80% of the land was in the hands of 20% of the population, Issa cited another application in a story about a lecturer who once asked his students to empty their pockests and record how much money they had in them, and after analyzing the returns found out that 80% of the money came from the pockets of just 20% of the class. The experiment is said to give the same result every time.
“This really of general poverty cannot be allowed to manifest itself in petertuity. Like all no-end situations, it can be improved, even if not equalised, such as 50:50, which we all know is utopia.
“However, we must not stop working towards improving the ratio, from an 80:20 distribution of wealth, to say, 70:30 – a new paradime in which wealth is spread wider across the classroom and in society, as it takes more of the wealthy to controll less of the total wealth.
“I still wonder, though, what kind of society it would be with everybody sharing the pie equally. No envy and hatred; no crime,” Issa said, wishingly, in an interview on his civil works and philantropy.
This is not the first time that Issa is seeking to change things for the better of the masses. Issa is also known to have supported the new United Nations’s Special Development Goals (SDGs) to replace its 2000 Millennium Development Goals (MDGs).
“While the 2000 Millennium Development Goals adopted by the UN was a good move to address poverty in developing countries, I believe that since then we have seen more emerging needs to replace it, such as poverty in developed countries, growing income inequality and the dreaded global warming,” Issa was quoted as saying last year in a blog.
Joe Issa is said to be a well-known businessman, civic leader and philantropist, whose Cool Group is headquartered in Ocho Rios, St. Ann, where he was president of the chamber of commerce and continues to participate through his membership in the past president's advisory committee.
He is believed to have founded several charities to give back through youth development and education and has formed a special subsidiary of his Cool Group – Cool Charities – to continue to programme funds to assist underprivileged children and schools.
Issa was speaking against the background of World Bank figures which show that 80% of the wealth on earth is owned by 20% of its population, following the well known 80:20 rule of thumb which, “at its core, is a statistical distribution of data that says that 80% of a specific event can be explained by 20% of the total observations,” Investopedia said.
“Be that as it may, I think the 80:20 distribution is man made and therefore, can be changed if we all play our part,” said Issa, noting that “global warming can now be added to the mix, as it is also man made and bows to the 80-20 rule of thumb, in terms of who is being affected by it and who is causing it in the first place.”
Informing that the widely accepted and applied rule of thumb was discovered by an Italian after observing that 80% of the land was in the hands of 20% of the population, Issa cited another application in a story about a lecturer who once asked his students to empty their pockests and record how much money they had in them, and after analyzing the returns found out that 80% of the money came from the pockets of just 20% of the class. The experiment is said to give the same result every time.
“This really of general poverty cannot be allowed to manifest itself in petertuity. Like all no-end situations, it can be improved, even if not equalised, such as 50:50, which we all know is utopia.
“However, we must not stop working towards improving the ratio, from an 80:20 distribution of wealth, to say, 70:30 – a new paradime in which wealth is spread wider across the classroom and in society, as it takes more of the wealthy to controll less of the total wealth.
“I still wonder, though, what kind of society it would be with everybody sharing the pie equally. No envy and hatred; no crime,” Issa said, wishingly, in an interview on his civil works and philantropy.
This is not the first time that Issa is seeking to change things for the better of the masses. Issa is also known to have supported the new United Nations’s Special Development Goals (SDGs) to replace its 2000 Millennium Development Goals (MDGs).
“While the 2000 Millennium Development Goals adopted by the UN was a good move to address poverty in developing countries, I believe that since then we have seen more emerging needs to replace it, such as poverty in developed countries, growing income inequality and the dreaded global warming,” Issa was quoted as saying last year in a blog.
Joe Issa is said to be a well-known businessman, civic leader and philantropist, whose Cool Group is headquartered in Ocho Rios, St. Ann, where he was president of the chamber of commerce and continues to participate through his membership in the past president's advisory committee.
He is believed to have founded several charities to give back through youth development and education and has formed a special subsidiary of his Cool Group – Cool Charities – to continue to programme funds to assist underprivileged children and schools.
Fun all the way https://joeissaroyal.wordpress.com/2014/01/15/fun-all-the-way/
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