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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 Gaaark on Saturday January 27 2018, @08:29PM
Whereas, i look at it as, if they have the money to bribe politicians to make laws favour the rich, they have money to pay more in taxes.
Individuals bribing: they pay more (and go to jail, lol).
Corporations bribing: it pays more. Way more.
It's the money in politics that, IMHO, has begun the real spiral down (as well as CEO's getting salary/stock options/benefits WAAAY beyond their worth, but as you say, that is a hiring problem). Take the big money out, make the politicians speak to EVERY individual for money (not just big corp) and you will get a politician more interested in making the country a place for "We the people" instead of just "We the rich".
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---