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

posted by martyb on Saturday January 27 2018, @12:43PM   Printer-friendly
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.

canopic jug writes:

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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  • (Score: 0) by Anonymous Coward on Saturday January 27 2018, @04:07PM (2 children)

    by Anonymous Coward on Saturday January 27 2018, @04:07PM (#628917)

    Check the percentage of poor people that actually attempt to make the world a better place for anyone but themselves and their family, even if only within their available means. I guarantee it's not going to be as high as those of greater means.

    What exactly are your sources for that claim? What is your guarantee worth?

  • (Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @04:25PM (1 child)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @04:25PM (#628930) Homepage Journal

    My magic eight-ball and $19.95 respectively.

    --
    My rights don't end where your fear begins.