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Global wealth inequality widened last year as billionaires increased their fortunes by $2.5 billion per day, anti-poverty campaigner Oxfam said in a new report.
While the poorest half of humanity saw their wealth dwindle by 11%, billionaires' riches increased by 12%. The mega-wealthy have also become a more concentrated bunch. Last year, the top 26 wealthiest people owned $1.4 trillion, or as much as the 3.8 billion poorest people. The year before, it was the top 43 people.
[...] To address many of these ills, Oxfam advocated raising taxes. It estimated that a 1% wealth tax would be enough to educate 262 million out of school children and to save 3.3 million lives. As of 2015 returns, Oxfam says that only four cents in every tax dollar collected globally came from tariffs on wealth, such as inheritance or property. The report also claims that the rich are hiding $7.6 trillion in offshore accounts
Previously: Only 1% of World's Population Grabbed 82% of all 2017 Wealth
(Score: 0, Informative) by Anonymous Coward on Tuesday January 22 2019, @07:20PM (6 children)
Khallow has a long slow process of discovery ahead. I guess it is just so easy for hints of racism to slide past, explained away by "they're just bringing up uncomfortable topics stop being so sensitive!" VLM, Jmorris, and Ethanol Fueled are the most clearly racist users around here. EF might get a pass by being just a massively stupid troll, but I doubt someone could pull that off for years without actually being racist. Runaway1956 is a closeted racist. Those are the only ones I have clear memories of racist postings but there are quite a few others that probably are as well.
So khallow, ready to realize that its only been a short time since the Civil Rights Movement when it was ridiculously obvious how racist parts of the US are? Things have gotten better but yes, there really truly 100% actually are a lot of racists still hanging around.
(Score: 1, Flamebait) by khallow on Tuesday January 22 2019, @07:54PM (5 children)
(Score: 1, Interesting) by Anonymous Coward on Wednesday January 23 2019, @01:52AM (4 children)
Well, I can't speak for the original AC but I don't want them on SN because (a) they are tedious and damned annoying and (b) I don't want people to think I am one of them (guilt by association).
True, as far as that goes.
(Score: 1) by khallow on Wednesday January 23 2019, @03:13AM (3 children)
How does "guilt by association" work?
It sounds to me (yes, I'm WAGging here), like you are claiming that if someone advocates a loathsome idea on a forum that has your name in it somewhere that somehow you risk being associated with that. Would it be something like an HR grunt typing in "John Doe" into their Google search, seeing some SN article on wealth inequality, and then reading a scary VLM screed elsewhere on the web page as a John Doe post, then vetoing your employment due to scary racist post that you had nothing to do with?
I suppose, if that were true, this is my take [xkcd.com] on that, especially given that we're giving pseudonyms anyway.
(Score: 2) by aristarchus on Wednesday January 23 2019, @07:00AM (2 children)
Guilt by association: You fucking racist, khallow! Did you repudiate Ethanol_filleted? No? Racist. Did you renounce VLM's call to round up and exterminate all left-handed Americans? No? Racist! And did you stick a red-hot poker up jmorris's ass, for saying all the bigoted and racist things he has said, including suggesting that some races are more racier than others? No? You are a racist, khallow. Racist by association, Racist by ommission, Racist by lack of repudiation of racism! And if I did not personally know that you are African-American, I might think you are racist by white privilege. So, there, you racist bastard.
(Score: 1) by khallow on Wednesday January 23 2019, @07:39AM (1 child)
(Score: 2) by aristarchus on Wednesday January 23 2019, @08:27AM
Tax khallow's shit! It is not given! I suspect he is THE Super-Donor!