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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   
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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Original Submission

• Re:Oh Wise Sages... Re:Oh Wise Sages... (Score: 3, Insightful) by The Mighty Buzzard on Saturday January 27 2018, @06:48PM (1 child)

  by The Mighty Buzzard (18) <themightybuzzard@proton.me> on Saturday January 27 2018, @06:48PM (#629032) Homepage Journal

  But sure - let's run with your ad absurdum, this would mean you also are against any and all taxes and conscription-style military service.

  Yes, I am. I'm also a realist though and realize the former is unlikely to happen, so I'm willing to accept progress towards perfection rather than demanding perfection.

  And how did you get to "/forcing/ one man to work" (and driving that to slavery?)? The man is allowed to accept less pay, give money away, do another job or even working less or not at all (neither of which was/is included in slavery).

  Thought it needed no explaining but if it does I will. When you take the product of a man's labor you have effectively said to him "your labor during this period was not for yourself but for me". Call it retroactive slavery or theft or whatever you like but do not call it moral.

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

  Parent

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• Re:Oh Wise Sages... (Score: 2) by Aiwendil on Saturday January 27 2018, @08:33PM

  by Aiwendil (531) on Saturday January 27 2018, @08:33PM (#629123) Journal

  Ahh, you being completly against taxes leaves us at an impasse and we can't never really understand each other's point of view on this subject (with that being said, it is nice arguing with you). Personally I consider taxes to be useful, guess that is a sideeffect of the benefits that gives you over here (sweden).
  Out of curiousity - how would you fund stuff like roadconstructions, enviornmental agencies, powergrids, police, fire departments, food and water standards and such?

  Slavery is something completly different then, and is a bad rethoric.
  Theft - depends on how you see taxes, from your POV it is theft from my POV it is sane.
  It is moral (really, look up what the word mean) - if it is good or bad however depends on which moral you apply.

  Parent