How much money would it take to cure poverty?

Question

how much money would it take to get rid of poverty around the whole world?

and how much money goes to charity on each year

Answer 1

Poverty is moveable.

So if we made the poor rich, if there were some who had more money then the poor who would be made rich would still be considered in poverty because the definition would change.

You cannot get rid of poverty by giving money to them.

"Give a man a fish and they eat for a day, TEACH a man to fish and you feed him for life"

Look at the stats, those who are considered living in poverty have CABLE, Microwaves, Food enough to eat, cars...

So I have no sympathy for many of the so called poor. IF you want to be well off you must WORK an work hard. The rich, for the most part, got to where they are by being better than everyone else

Answer 2

its so much i dont even no, i dont think anyone knows

Answer 3

It can be cured for a short time but it takes increased productivity to eliminate it. That is the problem, if you split up the money evenly to everyone, no one will have enough to free up to invest so productivity will not increase and you will end up where you started but with everyone having less over time.

Answer 4

why's that then you going to pay for it

Answer 5

well dude before money, we need a fool proof plan or few plicies to eradicate poverty... the implementation of plan needs money, a h**l lot of money... bt money alone cnt help in removing poverty... v need a better planning n execution system n also ministers who dnt eat money... lol

Answer 6

1$ from you & the rest from others

Answer 7

Actually it wouldn't be that much, there are some super rich people who could donate only a small portion and it would pull many out of poverty.

Answer 8

a h**l of a lot

Answer 9

If the world shared the wealth equally amongst everyone, we would all live like kings, unfortunately greed does not permit this!

Answer 10

I calculated it on my calculator for you down to the exact penny.  It would take $967,068,763,496,493,953,020.93  The first digits (967) are in the whatever comes after zillions place.  This would give everyone on Earth that is in poverty 944,580.70, and yes, I am just three-missed paychecks away from poverty myself and would love to get my hands on my portion.

Answer 11

Money does not cure poverty(long term) because it does nothing about the causes of poverty. Resources, education, and economic opportunities cure poverty

Answer 12

if everyone would stop just wasting money like 1000 on a purse or something we could all be equal

that would cure poverty if we all shared our money until everyone was equal

Answer 13

money won't cure poverty....... people have to

Answer 14

i think if every one in the Western world gave 10 pounds each you might make a dent.

59,000,000,000 x10 =590mill just from uk alone

Answer 15

you cannot cure poverty without addressing what poverty is.

freedom from hunger?

ownership of a computer with access to the internet?

or something in between?

when you can fully answer this question, someone may be able to answer yours

Answer 16

About over $1 trillion dollars to cure poverty!

Answer 17

Money does not cure poverty.

Education and one's luck are the cures to poverty.

An adage says,

"don't give me fish, teach me how to fish"

With the level of  one's education, you could be nominated a Senator of  a country. With luck, one could win election. By so doing,  one has been brought out of  poverty.

Answer 18

not as much as people would think it would be quite simple and if we didn't have so many greedy selfish people there wouldn't be so many starving helpless people!!!!