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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, @06:52PM (5 children)

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @06:52PM (#629033) Homepage Journal

    If nominated I will not accept. If elected I will not serve. Unless you make it Emperor rather than President. I don't have a temperament suitable to dealing with corrupt fuckwads every day without being able to order their executions.

    --
    My rights don't end where your fear begins.
    Starting Score:    1  point
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  • (Score: 0) by Anonymous Coward on Saturday January 27 2018, @07:07PM (1 child)

    by Anonymous Coward on Saturday January 27 2018, @07:07PM (#629042)

    I guess you missed the sarcasm. Everyone here (except khallow and jmorris maybe) would rather jump off a bridge. You'd be like a shitty Trump 2.0 leading us straight into idiocracy.

    • (Score: 0) by Anonymous Coward on Sunday January 28 2018, @10:41PM

      by Anonymous Coward on Sunday January 28 2018, @10:41PM (#629619)

      For my part, it looks like we are well into idiocracy already. Just sayin'.

  • (Score: 2) by Reziac on Saturday January 27 2018, @07:55PM

    by Reziac (2489) on Saturday January 27 2018, @07:55PM (#629084) Homepage

    Yeah, that's why I always phrase it... "When I become dictator..."

    --
    And there is no Alkibiades to come back and save us from ourselves.

  • (Score: 3, Funny) by Azuma Hazuki on Saturday January 27 2018, @08:12PM

    by Azuma Hazuki (5086) on Saturday January 27 2018, @08:12PM (#629109) Journal

    So you're saying you'd commit suicide?

    Holy shit, that does it, I'm writing you in for 2020.

    --
    I am "that girl" your mother warned you about...

  • (Score: 0) by Anonymous Coward on Sunday January 28 2018, @10:38PM

    by Anonymous Coward on Sunday January 28 2018, @10:38PM (#629618)

    Donald? Is that you? Shouldn't you be busy with running the country right now?