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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: 4, Insightful) by Azuma Hazuki on Saturday January 27 2018, @08:07PM (1 child)
Uzzard is, IIRC, an SMB owner himself. I detect much "temporarily-embarrassed billionaire" envy coming from him, which leads to 1) his constant parroting of the 1%'s propaganda and 2) his perverse willingness to throw everyone else, even himself, under the bus the elites are driving.
I can only guess he thinks he'll be one of them someday. It's some kind of perverse anti-virtue signalling, and he holds everyone else in such contempt that he doesn't think we can see it for what it is. This is...really had. I can't imagine what it must be like to live life this way.
I am "that girl" your mother warned you about...
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @09:29AM
It's a very interesting concept. In my country the economy is the shit and yet the most popular party is the rich people's party. I bet that same effect is to blame. Kinda like how apparently many young working class idiots just voted into office the oldest richest US president ever.