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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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Another good night not to sleep in a eucalyptus tree.
(Score: 2, Informative) by Sulla on Saturday January 27 2018, @05:38PM (2 children)
Sarbanes-Oxley allowing criminal prosecution of CEOs would have driven CEO wages up as they want additional pay to make up for the liability. I am not saying SA is bad, but now you are paying for a fall guy instead of an actual leader.
Ceterum censeo Sinae esse delendam
(Score: 2) by Whoever on Sunday January 28 2018, @03:05AM (1 child)
So what you are saying is that higher paid CEOs are being paid to break the law?
If they are not breaking the law, then there is no additional risk.
(Score: 1) by Sulla on Sunday January 28 2018, @06:12AM
Thats pretty much the assumption that I have always been under.
Ceterum censeo Sinae esse delendam