SoylentNews is people
SoylentNews
posted by
martyb
on Saturday January 27 2018, @12:43PM
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.
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.
This discussion has been archived.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
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
The mosquito is the state bird of New Jersey.
-- Andy Warhol
(Score: 3, Touché) by Anonymous Coward on Saturday January 27 2018, @07:04PM
Assuming you get to exploit a system that causes massive suffering and hide behind "muh properties!" is not a valid excuse for running a pseudo-ponzi scheme.
You treat the issue like people want to steal everything you have, where reality is people want you to pay your fair share of the costs of running society. You can quibble all day about what are valid expenditures, etc. but you start from the assumption that taxes are theft. There is no salvation for such self-inflicted ignorance.