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World's Top 26 Billionaires Now Own as Much as the Poorest 3.8 Billion

posted by takyon on Tuesday January 22 2019, @10:32AM   Printer-friendly
from the self-made-trillionaire dept.

Arthur T Knackerbracket has found the following story:

Global wealth inequality widened last year as billionaires increased their fortunes by $2.5 billion per day, anti-poverty campaigner Oxfam said in a new report.

While the poorest half of humanity saw their wealth dwindle by 11%, billionaires' riches increased by 12%. The mega-wealthy have also become a more concentrated bunch. Last year, the top 26 wealthiest people owned $1.4 trillion, or as much as the 3.8 billion poorest people. The year before, it was the top 43 people.

[...] To address many of these ills, Oxfam advocated raising taxes. It estimated that a 1% wealth tax would be enough to educate 262 million out of school children and to save 3.3 million lives. As of 2015 returns, Oxfam says that only four cents in every tax dollar collected globally came from tariffs on wealth, such as inheritance or property. The report also claims that the rich are hiding $7.6 trillion in offshore accounts

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

Original Submission

 
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  • (Score: 2) by PiMuNu on Tuesday January 22 2019, @10:57AM (5 children)

    by PiMuNu (3823) on Tuesday January 22 2019, @10:57AM (#790020)

    and even escape character \ does not help, but does some interesting things to the rest of the page (strike through everything else)... nb Plain Old Text is selected so I didn't expect any html. Browsing in firefox.

    Glad I code in C/C++ not html...

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 0) by Anonymous Coward on Tuesday January 22 2019, @11:26AM

    by Anonymous Coward on Tuesday January 22 2019, @11:26AM (#790028)


    Filter error: Missing Comment.

  • (Score: 2) by isostatic on Tuesday January 22 2019, @12:09PM (2 children)

    by isostatic (365) on Tuesday January 22 2019, @12:09PM (#790037) Journal

    You've really screwed it now!

    http://imgur.com/325gTwNl.png [imgur.com]

    • (Score: 0) by Anonymous Coward on Tuesday January 22 2019, @03:51PM

      by Anonymous Coward on Tuesday January 22 2019, @03:51PM (#790102)

      You've really screwed it now!

      Does the strikethrough mean he hasn't screwed it now?

      And if this is struck through does that mean he hadn't but now he had?

      And I'm having visions of all these poor cats trapped in boxes all labeled Schrodinger. Help!!! I'm stuck in a paradox factory!

      (and yah.... I added the strikethrough in the quotes for persistence.... Sorry if that riled up whoever fixes this bug....)

      If

    • (Score: 1) by khallow on Wednesday January 23 2019, @04:08AM

      by khallow (3766) Subscriber Badge on Wednesday January 23 2019, @04:08AM (#790453) Journal
      I'm not the only one using emasculating pink!

  • (Score: 2, Funny) by Anonymous Coward on Tuesday January 22 2019, @12:18PM

    by Anonymous Coward on Tuesday January 22 2019, @12:18PM (#790041)

    html is not a programming language, and that's actually the problem.
    had people decided to use TeX (which is a proper programming language), things would make sense.