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.
(Score: 0) by Anonymous Coward on Saturday January 27 2018, @06:40PM (1 child)
Clueless person applies anecdotal evidence across entire spectrum, ignores evidence that undermines his anecdotal experience, thinks everyone else is stupid. Next up: Dementia, how to tell if your loved one is at risk or just a narcissistic idiot.
(Score: 2, Informative) by Azuma Hazuki on Saturday January 27 2018, @08:08PM
Objection: no one loves Uzzard. Even Jesus thinks he's a prick :D
I am "that girl" your mother warned you about...