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.
(Score: -1, Flamebait) by Anonymous Coward on Saturday January 27 2018, @04:02PM (3 children)
Oh wow. Your powers of reasoning leave us all shocked and awed.
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @04:24PM (2 children)
Your utter lack of a rebuttal speaks volumes.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @07:50PM
When someone makes a terrible point full of bad logic it is rarely fruitful to argue the point. Especially with someone like you who ignores everything they don't like with simple denials. Your rebuttals never have any evidence or even decent reasoning beyond "taxes are theft" and other greed based axioms.
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @07:50PM
The Obvious RebuttalĀ®. Oh Buzzard of Might, is that there is no way to rebutt the lack of rebuttal. Your lack reasoning makes you irrefutable! No one can refudiate you! Go, Sarah!