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, Informative) by Anonymous Coward on Tuesday January 22 2019, @07:36PM
TL:DR - VLM is a racist piece of shit trying to hide behind racist junk science. Truly the Trump Toady.
You mixed in so much crap that it would be impossible to reply in a single comment, so I went with the most accurate summary. GJ you racist fuck "Certainly the average worker is painfully staggeringly overeducated at this time; we have too many people who can't read because of racial / IQ reasons not because we didn't throw away enough money on education." You are a shamelessly stupid bigot with just enough brain cells to buy into some stupid rhetoric.