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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 world is full of people who have never, since childhood, met an
open doorway with an open mind.
-- E. B. White
(Score: 2, Insightful) by Anonymous Coward on Saturday January 27 2018, @04:55PM (2 children)
Because I like living in a civilized country and so prefer to keep paying to maintain civilization even when the poor can't afford to.
I'm perfectly fine with my taxes going to defend the poor from starvation, shelter and educate them. What I object to is my taxes going to "defence" where defence means killing people thousands of miles away just to make some filthy rich people even richer.
It's cheaper and more efficient to pay to deliver education, food, shelter and healthcare to poor people than pay to deliver healthcare, food or shelter in far more expensive ways (e.g. ER, crime, prison) or to suffer the results of their poor education (remember many of them can vote too).
So if I prefer not to live in a country where many are suffering or dying in the streets then I might as well pay for it in more efficient ways.
One potential issue is if the poor breed indiscriminately till the system can't feed all of them but there are ways to deal with that if it actually looks like becoming a significant problem. But it doesn't appear to be happening significantly in the Scandinavian countries.
(Score: 3, Insightful) by The Mighty Buzzard on Saturday January 27 2018, @05:09PM (1 child)
I have no problem with you redistributing a portion of your wealth if you so choose. I do to some degree myself. What I have a problem with is you demanding others do the same under threat of imprisonment or death.
My rights don't end where your fear begins.
(Score: 2) by Gaaark on Saturday January 27 2018, @08:29PM
Whereas, i look at it as, if they have the money to bribe politicians to make laws favour the rich, they have money to pay more in taxes.
Individuals bribing: they pay more (and go to jail, lol).
Corporations bribing: it pays more. Way more.
It's the money in politics that, IMHO, has begun the real spiral down (as well as CEO's getting salary/stock options/benefits WAAAY beyond their worth, but as you say, that is a hiring problem). Take the big money out, make the politicians speak to EVERY individual for money (not just big corp) and you will get a politician more interested in making the country a place for "We the people" instead of just "We the rich".
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---