Stories
Slash Boxes
Comments

SoylentNews is people

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.

Original Submission

 
This discussion has been archived. No new comments can be posted.
Only 1% of World's Population Grabbed 82% of all 2017 Wealth | Log In/Create an Account | Top | 261 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 5, Insightful) by Gaaark on Saturday January 27 2018, @06:25PM (1 child)

    by Gaaark (41) Subscriber Badge on Saturday January 27 2018, @06:25PM (#629020) Journal

    It's necessary to keep in mind though that corporate censorship of speech would be a significant factor as well though.

    Agreed.

    Down that road are things like killing those indians over there because they're on some land we want to for the good of the US

    That's one reason to keep big money out of politics: better chance for individuals and groups who are a minority/poor/whatHaveYou to have a voice..... why we need better governance than 'we' currently have.

    Damn.... James T. Kirk for President! :)
    --Paid for by the James T. Kirk for President and getting lots of green female action Committee

    --
    --- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
    Starting Score:    1  point
    Moderation   +3  
       Insightful=3, Total=3
    Extra 'Insightful' Modifier   0  
    Karma-Bonus Modifier   +1  
    Total Score:   5  

  • (Score: 2) by The Mighty Buzzard on Saturday January 27 2018, @07:24PM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @07:24PM (#629055) Homepage Journal

    +1 Insightful for gratuitous Kirk inclusion.

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