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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
(Score: -1, Troll) by realDonaldTrump on Tuesday January 22 2019, @12:33PM (4 children)
For Patriotic reasons. And I love the company there. But the food, frankly, isn't so great. They don't use normal lettuce in the burgers. Or normal cheese. And I normally would have gone the White House chefs. And they would have brought regular food and cooked it for me. But, Chuck & Nancy have shut down our government.
The lists of the richest people, so interesting to see who's on them. This one, where are the names? They don't tell you the names. But I'm sure I'm on it. Unless they made a big mistake. Forbes always puts me on their lists. They love to interview me. They sell a tremendous amount of magazines when they interview me.
And by the way, everybody looks to see who's richest. And Jeff Bozo of Amazon has been getting a lot of buzz. But, what about the divorce? What about the girlfriend that he was sexting BEFORE the divorce? Some people say he's the richest, he's gonna drop down a lot of rungs. And here's the kicker, I'm hearing he's not the richest. I'm hearing it's President Putin of Russia. He's been running Russia -- one way or another -- for 20 years. And it "pays" a lot. And not just the salary.
But, you want to hear about me. I wasn't always rich. I'll tell you, the early early '90s were hard for so many of us. Very tough times -- recession. Because our Country was being run by Bush Original, from the CIA. Of the CIA. And for the CIA. We had more people shopping at Wal-mart than at Sears. Just to show you how bad it was. And I had so many real estate projects going. You borrow, you build, you sell. I'd borrowed, I'd built. And the selling slowed to a crawl. To an absolute crawl. When I had a billion dollars in debt.
So around 1991, I was with my daughter in Manhattan. Going for a little walk -- I try not to get too much exercise. And she sees a Hobo, she wants to give him a dollar or two, right? I said to her, wait. That guy is a billion dollars richer than me. He has nothing, I have tremendous debts. And you couldn't tell by looking at me. But, I was possibly the poorest guy in New York right at that moment -- I would say, one of the poorest 25 people in the world. Ivanka understood. She loaned me a dollar. On very favorable terms. And I worked very hard, I went from that to where I am now. I skipped Davos this time. But I went last year. And I was the center of attention. They love me there, it was incredible. Not the food but the audience. But, I love America!
(Score: 1, Offtopic) by c0lo on Tuesday January 22 2019, @12:39PM (3 children)
Just from curiosity: does Melania's cooking results in something edible?
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 0, Offtopic) by realDonaldTrump on Tuesday January 22 2019, @01:00PM (1 child)
I don't know how she cooks. That's something I've never seen. Never tasted. But all agree on how she looks -- incredible!!
The best eating is when Bubby (mother-in-law #1) visits. We fly her in from Czechia and she makes us the most indescribable dishes. We eat and eat and eat. And eat some more. Eric's learned so many of her recipes, he's amazing. His best strawberry dumplings are as good as Bubby's worst -- and getting better!!
(Score: -1, Offtopic) by Anonymous Coward on Tuesday January 22 2019, @06:20PM
Did you know that MELANIA IS A MAN [youtube.com]?
(Score: -1, Offtopic) by Anonymous Coward on Tuesday January 22 2019, @04:45PM
That depends on who she's cooking for.