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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 JoeMerchant on Saturday January 27 2018, @08:54PM
The 1% does lots of labor: management, manipulation, strategy, schemes, collusion, obfuscation/misdirection - these things take effort and skill, and when the rich themselves don't have those skills they do the work of hiring and directing those who do. These are the skills you learn as you climb the ladder of wealth - if you don't learn them and land at the top by lottery or cybercurrency investment or similar, you won't be staying there for long... that's another thing the wealthy have learned to do: stick together.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end