MAKE POVERTY HISTORY!! a new theory...it could work? yes or no? why?

Question

Ok, i study economics and i have like an idea of how can be eliminated poverty or try to.
First, only these is gonna go to Africa.
Second, i know this work good needs very eficient work and not burocratic chit for work good, im just gonna try to make an eficient transfer of money to africa.

The idea is that all brands like nike pay a lot to the sports players like for example Tiger Woods. Also in soccer theres a lot of transaccions, like Balack goes to Chelsea for 50 millions.
If we put a tax of 0.01% of all sports transactions that are bigger than 1 million dolars, and that money goes to needed people of africa (using the UN for the recolet and the transfer of the money).
I know that a tax may afect the market but this market is huge and that tax is little and is for helping poor people!!
could it work??

sorr my english :p
i wrote it very fast and then i just put submit without checking the coherence of the sentences.

Answer 1

I vaguely remember that some economist put a dollar amount that X number of dollars in aid for healthcare, education and a few other specific activities would essentially end all of the worst poverty in Africa but I can't seem to find that figure right now. The external debt debt of a few of Africa's poorest countries alone is $260 billion, according to a website I have listed below. Presumably, to end poverty in Africa, you would at LEAST need that much money, probably a lot more. For now, lets just go with $260 billion then, an extremely conservative estimate I would say.

According to an article on the value of the sports industry, also cited as a source, "The teams in the NBA, NHL, MLB, and NFL are worth a combined more than $12 billion." The revenue from tickets for these sports equals about $1 billion per year, so even though merchandising is a major source of revenue as well, I can't imagine that sports transactions equal up to more then a few billion a year at most.

So using this data as a very quick and dirty way of estimating, it looks to me like the size of the problem of poverty in Africa is a lot larger then what you could raise with the tax on sports transactions you describe.

I do think you have a good idea though, for important near term progress... a serious commitment to aid from the wealthy economies could save millions of lives, were it only a priority. I would argue that it is not a priority though because the entire world economy, as it has existed for centuries, is based on the exploitation of this kind of extreme inequality. The global North is so wealthy because the global South is poor. It will ultimately take changes a lot deeper then a commitment to aid to actually "make poverty history".

Answer 2

No, it won't work. There is a huge amount of economic research that shows that foreign aid is almost entirely useless in eliminating poverty. There are several reason why, but there are no easy answers:

1. Corruption -- foreign aid attracts theives and corrupt politicians.

2. The best and the brightest individuals get hired to distribute the aid, rather than working in factories or teaching in universities.

3. The donors do not care about what they doing. They mostly care about their celebrity status as donors.

I heard a great story about Sharon Stone. She raised $1 million for bed nets to fight malaria in Tanzania. Sounds good, right? But, here's the thing.... most people do not sleep in beds! Many people sleep on the floor, or they sleep on the roof because of the hot temperatures. Not only that, but many of the bed nets were stolen, and sold on the black market for making wedding dresses!

Answer 3

for every dollar you send to africa, you need to spend two more making sure that money is not stolen by corrupt officials.

And what do you do with that money? Buy food? For how long? Or forever? And how much food? And why would africans need to work if we buy them food?

Or you want to invest the money into african economy so that develop and do not need aid anymore? You have to guarantee that state will not steal the businesses that people create, like they did in Zimbabwe. And you can't do that to an independent state.

Yyou have to educate people so they can elect themselves an honest stable government. And that will cost a bit more than .01% of sports transactions.

Answer 4

Bono, in the beginning, get a genuine activity and stay paycheck to paycheck like something human beings until now you get all severe and good, bopping international like some new messiah. That could be effortless to do once you have have been given hundreds of thousands in the financial corporation and are properly fed for something of YOUR existence. 2nd, instruct those people who stay the place no longer something grows to stop having 8 teenagers all elderly a million-8. tell them that starvation is natures answer to overpopulation. i understand that sounds heartless and harsh, that's. yet remember, this is natures rule, no longer mine.you will discover no mercy or forgiveness in nature. This small Earth purely has lots to grant. as quickly because it is inhabitants is going over the decrease, there is not any such concern as "an end to starvation",particularly even you could understand that.

Answer 5

I didn't understand the first part of your question, but the latter part seems to suggest a special tax for a certain group, sports entertainment. I don't even want to think about the lawsuits that would be filed if your plan goes in effect. Won't work, not realistic. Sorry.

Answer 6

I stopped reading your question immediately. You don't have a grip on the English language and it was too much work trying to figure out what you are saying. I got through the first 3 sentences. Whew!

Answer 7

No, it will not work. Because, 90% of the problem is the money we already send is intercepted by corrupt officials. You would just be adding (in your theory, a fraction) more to what they already take.

Economics is the stupidest subject on the planet anyhow. Study agronomy, and do something to try to solve famine that way, not via meaningless ideas like this one.

Answer 8

Nice thought, gave me a good chuckle at your naivete. You will laugh too when you are older and out in the real world.