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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) by khallow on Tuesday January 22 2019, @05:45PM (4 children)
But if we need to take money from the undeserving, then I am the obvious destination for that money. First, as I've noted before, I power trip responsibly. Other people just don't understand the nuances and obligation of it and just will be an embarrassment to you, the ruling elite. Second, when you need to take away the money again, what is more politically feasible? Taking it away from a population of thankless moocher brats who vote? Or take it away from me who will have carefully built up good, solid negative popularity polling numbers to efficiently expedite the process democratically and who only has one vote. You will, of course, down the road have to give it back to me else you would be taking from someone more popular. That would be work otherwise and the whole point of being an elite is that you don't sully your hands with that. Because I am the most undeserving of all, I am the logical choice for storing money between taxation voyages.
Third, to continue the use of nautical terms, I spend like a drunk sailor. Good for GDP numbers. Your economic figures will always look rosy!
I assure you the two minute hates will be rocking affairs; my rates for appearing in propaganda films and concerts are quite reasonable; and you'll be able to get it up with your mistress as you brag about how you once again foiled that dastardly khallow!
(Score: 0) by Anonymous Coward on Tuesday January 22 2019, @06:17PM
Spending money you don't have is now called "Net Spending Achievement": http://neweconomicperspectives.org/2014/01/diagrams-dollars-modern-money-illustrated-part-2.html [neweconomicperspectives.org]
(Score: 0) by Anonymous Coward on Tuesday January 22 2019, @07:12PM (1 child)
Your brain has begun the long slow fracturing process, once you devolve into the Fuck MDC level of AC posting you will know you're 90% towards rehabilitation. At that point just let go of your anger, admit you were wrong about so many things, and be reborn!
(Score: 2, Insightful) by khallow on Tuesday January 22 2019, @07:50PM
(Score: 3, Insightful) by aristarchus on Wednesday January 23 2019, @06:52AM
No, khallow, we all know you. You are a big fan of sucking up to rich people. You think they deserve their ill-gotten gains. And you wish that they may share some with you. You are a mercenary, khallow, a whore, a carpet-bagger of capitalism. You are a parasite on the working class, a syncophant of the richies, a non-productive member of society. You are an ideologue, a shill, a fifth columnist. You argue in bad faith, you bathe in bad faith, you breathe bad faith. So go suck up to rich people where there actually are some? I mean, TMB is "comfortable", which means first and last months rent, if it came down to that. And NCommander? No rent for him, living out of backpack, like all good Soylentils should be. Wealth is not what you think it is.