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10% of kenyans control 50% of kenyan wealth.
selah
#1 Posted : Thursday, October 07, 2010 10:05:34 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The latest statistics show that Kenya is one of the most unequal country in the world.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
newfarer
#2 Posted : Thursday, October 07, 2010 10:13:51 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Selah , I am overwhelmed by these statistics because even without hearing about them , this morning I was about to start a thread on 'Kenya, a land of contrast'

Poverty in Kenya is such a big shame.You just need to visit a slum around where you stay to see it for yourself.
punda amecheka
MaichBlack
#3 Posted : Thursday, October 07, 2010 10:41:22 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,910
I'm not surprised - not one bit! This is an open secret. It's only in Kenya you see adverts for house costing 50m with a note - only three remaining - while there are truck loads of Kenyans who can't even afford a meal!

There is a city council school in Runda and if you drive along that road in the morning you'll just feel like shedding tears. Here are kids in torn clothes, some with no shoes or in worn out plastic sandals, don't seem to have taken a shower [some families have to choose between using the limited water they have to cook or shower!], obviously haven't taken breakfast etc. Most of them look dejected and almost broken - at their tender age! When you contrast this with the affluence surrounding them, then you get a feel of how unequal Kenya really is. The cycle continues because even the quality of education enjoyed by this two different groups is light years apart. Add to that the level of networking and influence the two groups have and you realize that things can only get worse!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
newfarer
#4 Posted : Thursday, October 07, 2010 10:53:56 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
I just im afraid for the rich , with the growing poverty , I wonder If this status quo is sustainable.I just hope , yes hope that the devolved governments will work on reducing the wealth gap , otherwise the future is just grim , for the rich and the poor .Crime will never end as the poor die trying.
punda amecheka
My 2 cents
#5 Posted : Thursday, October 07, 2010 11:23:43 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
This is not uncommon across the world.

In America the top 10% own 70% of all wealth. The botton 50% control less than 3% of all wealth.

I am not saying these disparities are fair. It is just a fact that the more you have money the easier it is to make money. The less money you have the more likely it is that you will get poorer. So the gap keeps growing.

Taxation is one way the government can address this gap. At certain levels the rich should bear a significant tax burden which could be used to increase social safety nets for the less wealthy. Some would argue that more taxes would only stifle productivity, innovation etc etc etc
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