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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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squatcho, n.:
The button at the top of a baseball cap.
-- "Sniglets", Rich Hall & Friends
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @02:28PM (3 children)
By that reasoning (which is to say none at all), so is China.
(Score: 1) by khallow on Saturday January 27 2018, @05:13PM (1 child)
Funny how I don't see any reasoning on your side. Show us how it's done.
(Score: 1, Touché) by Anonymous Coward on Sunday January 28 2018, @01:03PM
I'm just following your lead.
If you don't care to explain your answers, I'm not going to care either.
(Score: 2) by legont on Saturday January 27 2018, @08:00PM
and Singapore.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.