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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 Reziac on Saturday January 27 2018, @07:46PM (1 child)
Everyone I've met who is or approaches the 1% works way too many 12 to 16 hour days, and a lot of weekends besides, and pays a horde of staff and employees.
Trust-fund babies are a different species entirely. Funny thing, most of them seem to be in the redistributionist camp, but never want to redistribute their own money.
And there is no Alkibiades to come back and save us from ourselves.
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @01:37PM
If they already pay a horde of staff and employees, then they probably enjoy working those 12-16 hours and weekends. Otherwise, they'd just hire a couple of other people to do that work as well.