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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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TAPPING? You POLITICIANS! Don't you realize that the END of the "Wash
Cycle" is a TREASURED MOMENT for most people?!
(Score: 5, Touché) by Anonymous Coward on Saturday January 27 2018, @04:34PM (10 children)
Hey, that's the same lie they always use! Are you you still falling for it? Let me trickle down *this* on you.
(Score: 4, Informative) by The Mighty Buzzard on Saturday January 27 2018, @06:22PM (9 children)
Start a successful business, then we'll talk. Those who lack the vision to create are always envious of those who don't. You can't have a rational discussion with them because their every thought stems from their own avarice.
My rights don't end where your fear begins.
(Score: 1, Insightful) by Anonymous Coward on Saturday January 27 2018, @06:33PM (3 children)
Keep selling yourself that lie. Raising taxes primarily on the super wealthy and a little on everyone else to pay for universal healthcare is really quite different from your reactionary screeching about kicking you to the curb and stealing your hard earned numerical counters. The simple fact is you refuse to acknowledge what is wrong with the world because you have been able to make it work for you, and no not everyone is simply lacking your work ethic. It is just that not everyone is able to start a successful business for themselves. Not only does a business usually require massive capital to start (from a poor person's POV) but it also needs to worry about a small concept called "market saturation."
Meh, I just realized I'm wasting my words, you've seen all this info before and still fall back to your child like screeching of MINE MINE MINE!
(Score: 2, Informative) by khallow on Saturday January 27 2018, @06:53PM (2 children)
You're projecting an awful lot for someone who claims to see the truth. And words like "info" have meaning. Info != opinion.
Nobody said starting a business would be trivial. Not even TMB. It's this sort of clueless, fallacy-ridden argument that annoys me. Moving on, sure, not everyone lacks work ethic. There's also recreational drugs, financial incompetence, anti-wealth beliefs, or deliberate action to qualify for government benefits. Assuming everyone who is poor got that way due to bad luck is deluding themselves. My view is that people with actual bad luck do make up a portion of the poor, but not enough to throw the statistics a great deal.
(Score: -1, Troll) by Anonymous Coward on Saturday January 27 2018, @07:38PM (1 child)
Reality strongly disagrees with you and it just so happens that the majority of people are on the shit-end of the stick. You are blowing a bunch of hot air into a blizzard of cold hard facts you evil little thing.
(Score: 2, Interesting) by khallow on Sunday January 28 2018, @03:56AM
Funny how no one ever comes up with a bit of this reality. I've been corrected a large number of times just this month and not a one mentions any sort of real world evidence, much less a "blizzard" of cold hard facts. Here's an example [cleveland.com] of a cold, hard fact people tend to ignore:
So people who should have the advantages now that they have large amounts of money, still flame out at a far higher rate than normal for those ranges of wealth. The story goes on to discuss why:
In other words, the culture of the lottery winners turns toxic and they aren't prepared to deal with it. There is this constant vapid assuring that the rich have all kinds of advantages that normal people don't have. That blame mostly falls on other parties for the poverty of the poor. Yet we see here the other side of the coin. Lottery winners (and similar large windfall people) are rich and lucky. But that doesn't help them stay rich and lucky. Perhaps we should think of why that happens rather than lecturing me on what some imaginary "reality" thinks.
(Score: 3, Informative) by Anonymous Coward on Saturday January 27 2018, @07:20PM (2 children)
I own my own business so now lets talk. I can tell you that past a certain point, the %1 should be taxed much, much more than they are. The economy would be in much better shape if the wealth was more evenly spread around. It would create more opportunities for more people. How does "Fuck you. I got mine." help anybody? It doesn't. Eat the rich.
(Score: 4, Insightful) by Azuma Hazuki on Saturday January 27 2018, @08:07PM (1 child)
Uzzard is, IIRC, an SMB owner himself. I detect much "temporarily-embarrassed billionaire" envy coming from him, which leads to 1) his constant parroting of the 1%'s propaganda and 2) his perverse willingness to throw everyone else, even himself, under the bus the elites are driving.
I can only guess he thinks he'll be one of them someday. It's some kind of perverse anti-virtue signalling, and he holds everyone else in such contempt that he doesn't think we can see it for what it is. This is...really had. I can't imagine what it must be like to live life this way.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @09:29AM
It's a very interesting concept. In my country the economy is the shit and yet the most popular party is the rich people's party. I bet that same effect is to blame. Kinda like how apparently many young working class idiots just voted into office the oldest richest US president ever.
(Score: 3, Insightful) by sjames on Sunday January 28 2018, @06:33AM
Most of the people who have "the vision to create" simply got lucky enough that their first "vision" panned out. They, like most people, also have a lot of crap "visions". Had one of those happened to come first they'd have been too flat broke to try again.
Most people don't get "a small loan of a million dollars" from the Bank of Dad. Most also don't hit the lottery with the first ticket, or ever. The constant parade of winners on TV does not negate the reality that for every one of those there's a million people who will never win more than they spend.
Scratch the ever popular rags to riches stories of the fabulously wealthy and you'll find the "rags" were made by Gucci.
Naturally, the big winners attribute it all to some sort of superior ability in spite of objective evidence. It's just that a big win is enough to coast through the rest of life.
(Score: 0) by Anonymous Coward on Thursday February 01 2018, @02:43AM
He was talking about inheritance and interest/dividends. You completely changed the subject to the few one percenters who do some work and talked about their "difficulties" (like valuing an employee), to his reply you challenged him to something that might be impossible from his position and personally attacked him making absolute generalizations. That is not a rational discussion coming from you, it is not even rational personal attacks. It is just plain dumb.
Give me one million in seed capital and I'm sure I can multiply it. Alternatively, feed me and finance my living for years in good institutions with well connected people (those who know how to outsource to China).
Go tell the Chinese who works in manufacture (and actually produced the wealth) to start a business... Most of the privileged are blind of their own privileges (like being in a country where seed capital comes easy from daddy or friends) and that seems to be your case. You claim it's not possible to have a rational discussion with the previous AC, but you seem completely ignorant of the reality of the bottom 70% (tip: they are not in America).