Chances are you’ve never heard the name Kevin O’Leary, but the Canadian Tea Party wannabe is doing everything in his power to change all that, including making light of a recent Oxfam report that shows the richest 85 people on the planet have as much money as the poorest 3.5 billion. According to Kevin O’Leary, this is “fantastic news.”
When not appearing on the Shark Tank television show, where O’Leary gleefully slashes the hopes and dreams of the 99% to shreds with a smugness rivalled only by Donald Trump, he co-hosts a quaint little show on Canadian television called the “Lang & O’Leary Exchange” where he does his best to toe the Tea Party line in the “Great White North.”
This week, Oxfam released a briefing paper titled “Working for the Few: Political Capture and Economic Inequality” that raises a number of serious question and concerns about wealth distribution and income inequality. Not one to let an opportunity to blame the poor for being poor pass him by, Kevin O’Leary rendered his “Lang & O’Leary Exchange” co-host Amanda Lang speechless when addressing the plight of the 3.5 billion poorest people on the planet.
“It’s fantastic,” said O’Leary on the news of the 85 richest people on the planet having as much money as the poorest 3.5 billion “and this is a great thing because it inspires everyone, gets them motivation to look up to the one per cent and say, ‘I want to become one of those people, I want to fight to the get up to the top.’ This is fantastic news, and of course I applaud it. What could be wrong this?”
What a great question O’Leary asks, because as luck would have it, the Oxfam report has some pretty staggering answers to hand his ass back to him.
- Almost half of the world’s wealth is now owned by just one percent of the population.
- The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
- The bottom half of the world’s population owns the same as the richest 85 people in the world.
- Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
- The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
- In the US, the wealthiest one percent captured 95 percent of post- financial crisis growth since 2009, while the bottom 90 percent became poorer.
So while O’Leary firmly believes that all it takes for someone living abject poverty to become the next Bill Gates is for them to pull up their boot straps and work really really hard, he forgets the fact that when he started his second business it took going to mommy for a $10,000 seed investment to make that happen. How’s that for pulling up your own boot straps?
As O’Leary attempts to break into the American political scene on the coat tails of Tea Party rhetoric, he’s gone so far on his Canadian show to call a Pulitzer Prize winning journalist a “left-wing nut bar” and a 14-year-old anti-GMO foods activist an environmentalist “shill”, but there’s something that try as hard as he might to be the next Trump, Palin, Rand, Ryan, or Romney that will keep him out of the koo-koo bird club.
Kevin O’Leary believes in climate change, and has all his rich little fingers in a Discovery Channel show called Project Earth, and we all know how the Tea Party feels about that, don’t we?
Better luck next life Kevin.
Watch here as Kevin O’Leary renders his television co-host speechless:
h/t: The Albatross