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Only 1% of World's Population Grabbed 82% of all 2017 Wealth

posted by martyb on Saturday January 27 2018, @12:43PM   
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.

canopic jug writes:

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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Original Submission

• Re:Oh Wise Sages... Re:Oh Wise Sages... (Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @05:11PM (2 children)

  by The Mighty Buzzard (18) <themightybuzzard@proton.me> on Saturday January 27 2018, @05:11PM (#628961) Homepage Journal

  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.

  Parent

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• Re:Oh Wise Sages... (Score: 1) by khallow on Saturday January 27 2018, @05:25PM

  by khallow (3766) on Saturday January 27 2018, @05:25PM (#628977) Journal

  I agree. The world has a long history of the rich adeptly dodging such tax hikes and then the usual whiners whining that the rich aren't paying their fair share. This whole discussion is just one iteration of that.

  Parent

• Re:Oh Wise Sages... (Score: 2) by PiMuNu on Tuesday January 30 2018, @12:45PM

  by PiMuNu (3823) on Tuesday January 30 2018, @12:45PM (#630297)

  > you'd be demanding taxes on cash holdings

  Please don't accuse me of writing things I never wrote.

  Parent