Cyprus needs a break

Cyprus needs a break

For Pete’s sake can’t someone bail out Cyprus? A lousy 10 billion Euro’s is now holding the world at gun-point. Banks in Cyprus have now been closed for 10 days and cash machines have dwindling supplies. Banks shares all over the world are being hit and their managers are nervous

You would have thought that there must even be local Cypriots that have that sort of money in spare cash splashing around their golf buggy. There are over a 109 billionaires that have more than 10 billion. According the Forbes richest, there are also over 250 people that have over 5 billion in their piggy banks. Just think that without our generosity they would not exist.  The world now supports 1426 billionaires. Isn’t it about time we support a few more?

It does seem strange that the Joe Blow people that have given so much wealth to many billionaires are now expected to give away their scant savings in Cyprus. Surely a 10% levy on the world’s rich would be fairer?  In fact, a levy on the world’s billionaires would probably save Spain, Greece, Italy and Cyprus together from bankruptcies.

I am not sure if I am a world’s first with this idea but I reckon if enough of you make similar suggestions we would prevent millions if not billions sinking in dismal poverty with even the chance to queue at a soup-kitchen fairly small.

The 1426 billionaires’ total wealth is estimated to be 5.4 trillion or 5.4.000.000.000.000.-dollars. Now a 10 % levy on that would not make one iota of significant difference to the well-being of those billionaires. They would still be able to support a decent meal, good wine and plenty of golf. Ten % of 5.4 trillion is a modest 540000.000.000. – Or expressed in letters “fifty-four thousand billion. This is a bit more than half a trillion. Now would it not make a lot of sense to urge The World Bank considering that option rather than impose poverty on hundreds of millions of real people. I mean we are only talking of peanuts amongst those billionaires.

I’ll consider putting up a petition to try and make a dent into a world problem that is really small compared with the wealth that is swirling around. Please sign and support my petition and send in onto your twitter and face-book contacts as well. http://www.change.org/petitions/president-of-the-world-bank-to-levy-10-on-world-s-1426-billionaires-instead-of-the-people-of-cyprus

Thank you,

Gerard Oosterman.

Tags: Cyprus, Forbes rich list, Italy, Spain, World Bank