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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   Printer-friendly
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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  • (Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @05:25PM (2 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @05:25PM (#628978) Homepage Journal

    Yes, glad to see we agree. The poor are receiving far greater benefit from society than the rich.

    --
    My rights don't end where your fear begins.
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  • (Score: 0) by Anonymous Coward on Saturday January 27 2018, @07:35PM (1 child)

    by Anonymous Coward on Saturday January 27 2018, @07:35PM (#629062)

    Special place in hell just for you uggy.

    • (Score: 3, Touché) by Azuma Hazuki on Saturday January 27 2018, @08:15PM

      by Azuma Hazuki (5086) on Saturday January 27 2018, @08:15PM (#629113) Journal

      He's going to reincarnate poor after he's done his time in the inferno, mark my words. Anyone his age who hasn't progressed beyond this level of development is going to die in it, and there are some things you can't atone for in Hell as they require the lesson to be taught in the same context it was failed to be learned in last time. He's probably going to pop up somewhere in sub-Saharan Africa or somewhere else that's being exploited ruthlessly around 2070 or so.

      --
      I am "that girl" your mother warned you about...