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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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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
F.S. Fitzgerald to Hemingway:
"Ernest, the rich are different from us."
Hemingway:
"Yes. They have more money."
(Score: 1, Insightful) by Anonymous Coward on Saturday January 27 2018, @04:29PM (5 children)
So then why would someone need 3 houses and 4 cars? Because they can aford it?
Disclaimer: I am an engineer and I completely agree to pay 5 times more taxes than someone who earns 4 times less then me. This to simplify the progressive tax concept which you seem so passionately against.
(Score: 1, Troll) by The Mighty Buzzard on Saturday January 27 2018, @04:57PM (4 children)
Irrelevant. They earned their money. They can use it for toilet paper and be utterly morally sound.
My rights don't end where your fear begins.
(Score: 3, Insightful) by Anonymous Coward on Saturday January 27 2018, @06:56PM (3 children)
You can not say irrelevant. The wealth disparity is a serious problem and history abounds with examples of what happens when humans finally get fed up with a crooked system. Stop waving off valid arguments, you are not a king and you have no autonomy. Pay your taxes, support a better tax bracket, make society better.
"They can use it for toilet paper and be utterly morally sound"
The more I see your discussions the more it seems likely that you are a true sociopath. Morality is some set of rules you follow because society says so, you lack a functional conscience. It could also be a result of the libertarian mindset you work so hard at, working hard to separate "logic" from "feelings". Hell, libertarianism is practically THE sociopath ideology anyway. As long as you don't harm others you can do whatever you want. Much simpler rules to follow.
Example: as long as you get someone to voluntarily sign a document allowing you to kill them as long as you pay off their family that is OK. Who is the gov to say a voluntary contract is morally wrong?
A bit excessive, but that is how such arguments go. You highlight the extreme end to show where an ideology can lead to. In this case some dystopian hunger games type shit where rich folks are legally able to do whatever they want to poor suckers needing a small break.
It is all irrelevant anyway, everyone knows TMB is a marooon so anything he says is definitely stupid.
(Score: 1) by khallow on Sunday January 28 2018, @12:39PM (2 children)
Shouldn't there be evidence to support this assertion?
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @01:45PM (1 child)
Every violent revolution in the history of humanity?
(Score: 1) by khallow on Sunday January 28 2018, @06:51PM