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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: 4, Interesting) by Gaaark on Saturday January 27 2018, @09:54PM
But Billy's philanthropy isn't really philanthropy, to me, it is business and profit.
With Microsoft giving software, B&M Gates give computers to poor schools (Detroit), but it's not charity: there are strings attached. The school can't put Linux on them (not MS approved software), can't use libre office, etc. To me, that's not charity.
They invest in companies in, say, India that give them amazing ROI, but pollutes the air, ground and water: so they give 'free' immunization shots to the people they are killing.... that's not philanthropy....
....not a Gates fan.
But they get honoured as Great Philanthropists. Fuck off. Gates can lick my nuts. He's in everything for personal profit and "what a great guy!"
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---