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Only 1% of World's Population Grabbed 82% of all 2017 Wealth

posted by martyb on Saturday January 27 2018, @12:43PM   Printer-friendly
from the I-got-mine!-And-Yours.-And-Yours.-Annnnnd-yours,-too. dept.

canopic jug writes:

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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  • (Score: 1) by khallow on Sunday January 28 2018, @12:39PM (2 children)

    by khallow (3766) Subscriber Badge on Sunday January 28 2018, @12:39PM (#629422) Journal

    The wealth disparity is a serious problem

    Shouldn't there be evidence to support this assertion?

  • (Score: 0) by Anonymous Coward on Sunday January 28 2018, @01:45PM (1 child)

    by Anonymous Coward on Sunday January 28 2018, @01:45PM (#629434)

    Every violent revolution in the history of humanity?

    • (Score: 1) by khallow on Sunday January 28 2018, @06:51PM

      by khallow (3766) Subscriber Badge on Sunday January 28 2018, @06:51PM (#629536) Journal
      Wealth inequality always exists. Revolutions don't always happen. I get that wealth inequality is a matter of degree. But what makes the current level of inequality such a problem? What is the evidence?