If the bank account of every billionaire on Earth were put into one big pile, that pile would total $5.4 trillion dollars. Sounds like a lot, but that figure is dwarfed by the sum total of each American household combined which totaled $40.2 trillion. Tackling the problems of impoverished nations seems like a task too huge to comprehend, but when you look at the total capital of citizens in the United States and top earners around the world, the problem seems within reach.
World Vision estimates that it would cost roughly $50 million to provide clean water to each needy household in the entire world for a year. Seems like a lot of money until you compare it to the combined earning power of each billionaire in the world. It would cost a single percent of that total wealth. This would take much less than one percent of the total annual earnings of US citizens and would save 1.6 million lives annually.
Clean water is one problem, but food is another. The World Food Program estimates that it would cost $3.2 billion to ensure that children stay alive and nourished until they are grown. This would cost 1/600th of the total earnings of the wealthiest in the world and would save 4.2 million lives annually.
Contributions that already exist from governments and nongovernmental organizations are indeed helping to solve the problem. Extreme poverty is predicted to be solved by 2030, but some help from individuals could be the most powerful force in the fight against poverty.
– Pete Grapentien