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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 sjames on Sunday January 28 2018, @07:06PM (1 child)
I haven't quoted any index, that was you! I just noted that you claimed:
And then for some reason followed up with documentation that is HAS.
Please quit muddying up discussions with falsehoods. Just admit you were talking out your ass and move on.
(Score: 1) by khallow on Sunday January 28 2018, @07:11PM
Indeed. I see now how I was in error. Indices don't include reinvestment of dividends. As I should have realized, the Dow components (and apparently most of the stocks that make up the Wilshire 5000) have significant dividends.