The roughly $118 that each person would hypothetically receive would not provide a long-term solution to poverty. What I find more interesting, though, is that the worth of 100 US Dollars is relative. In the US and other industrialized countries, $100 is not much money. However, in third world countries with poor exchange rates, $100 could easily be somebody’s monthly income. Per the World Wealth Calculator (see http://www.worldwealthcalculator.org/ ), somebody making at least that much money is in the top 73.4% of all incomes.
Consider Bacon’s math logic: as the rich get richer, their concentration of wealth would become *less* outrageous because as the ratio increase (“8:4 billion, or 8:5 billion) Bacon would argue “that’s only $26 per person, so that’s not that much”.
The important number is 3.6 BILLION PEOPLE in the world having as much as these eight – and that the disparity is INCREASING. Bacon’s dismissiveness of that fact says a lot about him and his ilk.