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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: 2) by The Mighty Buzzard on Saturday January 27 2018, @06:08PM (3 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @06:08PM (#629008) Homepage Journal

    A) Your sources are off-the-charts far from unbiased towards your position.

    B) I think Gates alone kind of blew that claim for you.

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  • (Score: 2) by Reziac on Saturday January 27 2018, @08:04PM

    by Reziac (2489) on Saturday January 27 2018, @08:04PM (#629098) Homepage

    And Soros recently blew the living shit out of it for everyone, but I wouldn't exactly call his monetary contributions 'toward making the world a better place'.

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  • (Score: 4, Interesting) by Gaaark on Saturday January 27 2018, @09:54PM

    by Gaaark (41) Subscriber Badge on Saturday January 27 2018, @09:54PM (#629168) Journal

    But Billy's philanthropy isn't really philanthropy, to me, it is business and profit.

    With Microsoft giving software, B&M Gates give computers to poor schools (Detroit), but it's not charity: there are strings attached. The school can't put Linux on them (not MS approved software), can't use libre office, etc. To me, that's not charity.

    They invest in companies in, say, India that give them amazing ROI, but pollutes the air, ground and water: so they give 'free' immunization shots to the people they are killing.... that's not philanthropy....

    ....not a Gates fan.
    But they get honoured as Great Philanthropists. Fuck off. Gates can lick my nuts. He's in everything for personal profit and "what a great guy!"

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  • (Score: 0) by Anonymous Coward on Sunday January 28 2018, @01:06AM

    by Anonymous Coward on Sunday January 28 2018, @01:06AM (#629254)

    You have a unique ability to dismiss any and all evidence you don't like. It is hilarious that you can't see this and pretend to be purely rational.