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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... (Score: 1) by tftp on Saturday January 27 2018, @06:56PM

  by tftp (806) on Saturday January 27 2018, @06:56PM (#629038) Homepage

  Wow.. are you really saying, that it is immoral, to be forced to do work for another man's benefit?

  It's the basis of a free society. In ancient Rome it was perfectly moral.

  However, I respect that you'd never take a job where an asshole boss bullies you around :-)

  Even if he does, I'm not forced to work for him. I do it voluntarily or I leave.

  military conscription: should it be dodged, because it is immoral to force you to fight for the protection of your countrymen?

  In a war morality changes. Try to proudly say in a crowd: "I'm a deserter, I do not want to protect you." See what happens.

  And what about work in the public sector: nurses, teachers, firefighters, police officers have no choice but to work for others' benefit, even if sometimes they must "serve" absolute assholes.

  They said an oath to help everyone. Yes, sometimes it's too hard. Those leave the profession. Nobody forces them to stay or to go.

  Parent