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.
(Score: 2, Flamebait) by Runaway1956 on Sunday January 28 2018, @09:24PM
Can we stop a moment, right here?
The wealthy doesn't much value the contributions of the less wealthy. The poor don't value the contributions of the wealthy. We get all of that. But - actually getting a job DONE? It isn't the wealthy, or the poor who get things done. Nor is it the CEO, or the top university graduates who get things done. Those of us with a military background were taught that officers don't do shit. Officers tell us what to do, then we get it done. "We" being the various levels of enlisted and warranted officers. (Warrant officers are almost always former NCO's who excel, and stand out from their fellow NCO's.)
Telling other people what to do, and how to do it IS INDEED HARD WORK! Good communication skills are essential to the job, as is a good understanding of the job to be done. Add in an understanding of human nature. A bit of psychology might be helpful, but we don't want to get crazy with it.
Civilian life is little different, in that respect.
Those of us who "get things done" have to manipulate money, resources, and people to achieve goals. It's an all consuming job. The level of management that gets things done never rests. On duty or off, the mind is always on the job. We're the ones who get the phone calls at 2:00 AM, "The cops stopped me, and locked me up, can you come post bail for me?" And worse. The investors don't take those calls, nor do the average laborers, unless they are close kin.
Every job looks easy, to the uninitiated. Management - I mean real management - is hard work. Those people born with silver spoons in their posterior orifices may get to sit in boardrooms, and play gods and goddesses, and be rewarded for success and failure alike. Not so, the rest of us.
Abortion is the number one killed of children in the United States.