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posted by
martyb
on Saturday January 27 2018, @12:43PM
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
The 1% grabbed 82% of all wealth created in 2017
More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.
Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work.
"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.
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Only 1% of World's Population Grabbed 82% of all 2017 Wealth
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Fraud is the homage that force pays to reason.
-- Charles Curtis, "A Commonplace Book"
(Score: 2) by maxwell demon on Saturday January 27 2018, @03:56PM (12 children)
Because people who already have more wealth have an unfair advantage when it comes to acquiring wealth. The higher taxes compensate for that unfair advantage.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 1, Troll) by The Mighty Buzzard on Saturday January 27 2018, @04:09PM (11 children)
Unfair how? Someone earned that wealth and is free to use the fruits of their labor however they choose. If you don't enjoy having less, earn more.
My rights don't end where your fear begins.
(Score: 2) by maxwell demon on Saturday January 27 2018, @04:37PM (8 children)
Unfair in that they need less effort to obtain the same additional wealth. Sometimes to the point that certain wealth is only available to them.
Even if you assume that the wealth was earned (which is not always the case), then that wealth is already fair compensation for that past work, and there's no reason there should be even more compensation in the form of easier obtained future wealth.
The joke of the century.
The Tao of math: The numbers you can count are not the real numbers.
(Score: 1, Troll) by The Mighty Buzzard on Saturday January 27 2018, @05:19PM (7 children)
That isn't unfair. Any citizen with the ability is free to earn their way up exactly the same as those at the top did and make use of those "easier" avenues.
You think? Making money is not a difficult proposition. Most people just never put any serious thought into how to do it. Here is precisely how to do so:
Find a need/desire, fill it, charge money. If your current attempt is not succeeding, change your approach or attempt something different. Repeat as necessary.
Do please share this around to those of your acquaintance who have not figured this out.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @05:35PM (6 children)
Buzzy 2020! #MAGA
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @06:52PM (5 children)
If nominated I will not accept. If elected I will not serve. Unless you make it Emperor rather than President. I don't have a temperament suitable to dealing with corrupt fuckwads every day without being able to order their executions.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @07:07PM (1 child)
I guess you missed the sarcasm. Everyone here (except khallow and jmorris maybe) would rather jump off a bridge. You'd be like a shitty Trump 2.0 leading us straight into idiocracy.
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @10:41PM
For my part, it looks like we are well into idiocracy already. Just sayin'.
(Score: 2) by Reziac on Saturday January 27 2018, @07:55PM
Yeah, that's why I always phrase it... "When I become dictator..."
And there is no Alkibiades to come back and save us from ourselves.
(Score: 3, Funny) by Azuma Hazuki on Saturday January 27 2018, @08:12PM
So you're saying you'd commit suicide?
Holy shit, that does it, I'm writing you in for 2020.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @10:38PM
Donald? Is that you? Shouldn't you be busy with running the country right now?
(Score: 2) by Gaaark on Saturday January 27 2018, @08:36PM (1 child)
Unfair only if you have politicians who accept (are allowed to accept) money to make things favour them, or that they can (illegally/immorally? can't come up with the right word) make things favour them above others.
Let the rich make their money, yes hell yes: just don't let them change the system to favour them above another.
Make money? Fair
Corrupt the system to favour you? Unfair
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @12:58AM
You think scuzzy would hold to his promises any better than frumpy?