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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.
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Only 1% of World's Population Grabbed 82% of all 2017 Wealth
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(Score: 2) by sjames on Saturday January 27 2018, @07:28PM
For one, it's a shortcut for translating income into disposable income. What's the point of taking money people actually can't do without to buy food and pay rent just to then give it back to pay rent and buy food?
For another, even though the better off hate to believe it, they DO benefit more. Why does a guy who can't afford a car give a crap if the police do or do not spend time and money on auto theft? Why does someone who has neither the money for a lawyer or time off work for court give a crap if the civil courts remain open? Why does he give a crap if Vietnam goes communist?
If you believe that living beyond comfortably is a lesser value than getting welfare, give it all up and go on welfare. When can we sign you up? Anyone?