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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 legont on Saturday January 27 2018, @08:11PM
Because without taxes wealth is distributed exponentially. Any system with exponentially distributed parameters is inherently unstable (Think Holocaust).
A stable system should have normally distributed parameters. Hence the proposal is simple - tax till the income is normally distributed. Average is set by economic conditions. Dispersion is set during the budget hearings. Then people are taxed (and/or taxes distributed) until the target is achieved.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.