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: 3, Interesting) by aristarchus on Saturday January 27 2018, @08:01PM (4 children)
Could we please have some analysis of this discussion? My guess, just eyeballing it, is: 50% TMB, 10% khallow, 30% AC, 20% other Soylentis. And yes, SoylentNews goes all the way to 11, or to 110%, at least on topics like this.
(Did anyone else notice that there is a growing perception the SN is just TMB's personal blog?)
(Score: 3, Insightful) by Maddog on Saturday January 27 2018, @08:50PM (1 child)
^THIS
Apparently I don't have enough karma to "downvote", as I was trying to balance out this discussion to help things along and keep it lively. But this whole discussion has devolved into "Here's a valid point" versus "I won't argue that point, it doesn't have merit to me".
Eventually enough saltwater bags leave the room and all that is left is a nice echo chamber...
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @01:10AM
Soon it will be khallow and TMB just patting each other on the back while civilization moves on. It is easy to get caught up in this bubble here, but take comfort that the vast majority of people absolutely do not hold the same twisted beliefs.
(Score: 1, Informative) by Anonymous Coward on Sunday January 28 2018, @01:51AM (1 child)
That would explain his little argument with janinrok about what should/shouldn't be allowed on SN. He has more in common with mad Kim than he realizes.
(Score: 0) by Anonymous Coward on Sunday January 28 2018, @09:25AM
Really? And what was the conclusion?