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: 2) by PiMuNu on Saturday January 27 2018, @04:42PM (3 children)
> makes forcing one man to work for another's benefit okay?
No one is forced. The rich person could take all of their money out of investment and stop working.
(Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @05:11PM (2 children)
Not buying it. This is only acceptable to you at the moment because most prefer not to. The minute that changed you'd be demanding taxes on cash holdings.
My rights don't end where your fear begins.
(Score: 1) by khallow on Saturday January 27 2018, @05:25PM
(Score: 2) by PiMuNu on Tuesday January 30 2018, @12:45PM
> you'd be demanding taxes on cash holdings
Please don't accuse me of writing things I never wrote.