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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, @07:07PM

    by The Mighty Buzzard (18) Subscriber Badge <themightybuzzard@proton.me> on Saturday January 27 2018, @07:07PM (#629043) Homepage Journal

    Fuck yes I am. All week long and twice on Sunday. When I take a job it is for my benefit. You can tell by how I quit when value_returned is less than value_put_forth.

    I'm against military conscription but not for moral reasons. I wouldn't, as a vet myself, want to share a foxhole with someone who did not want to be there. You couldn't trust them like you could a volunteer. For me that outweighs any moral argument one way or the other.

    They're all paid except for volunteer firefighters. Almost none of them would be doing the job if they weren't. Actual volunteers, most of them will be doing the job because they enjoy the work, the company of their coworkers, the results of their effort, or a combination of the above. Actual altruists are mentally disturbed.

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