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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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squatcho, n.:
The button at the top of a baseball cap.
-- "Sniglets", Rich Hall & Friends
(Score: 2) by sjames on Saturday January 27 2018, @07:43PM
Problem is, it's a big circle jerk. A sits on B's board, B sits on A's board. They grant each other stupidly large amounts of money. They talk about "vision".
It takes money to make a vision reality (for better or worse). If you don't have it, you won't likely get it. If you have enough of it, you can spout %99 crap ind that 1% will make sure you continue to have money. Or you can commit serial fraud and get excused for it because you have money.