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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: 3, Insightful) by Sulla on Tuesday January 22 2019, @07:46PM (2 children)
What is my incentive to take care of my own home then? Right now I have been working on restoring the home that my grandparents bought in the 50s so that when I'm dead in the 50s my kids or grandkids will have an asset in good condition. If we lose everything, what incentive is there to maintain anything?
Ceterum censeo Sinae esse delendam
(Score: 2) by isostatic on Wednesday January 23 2019, @07:43AM (1 child)
I fix a leaky roof because I actually like to live in the house and don’t want to get wet. Horses for courses I guess.
(Score: 1) by Sulla on Wednesday January 23 2019, @03:57PM
Right, but why do any more than the bare minimum. Most problem with a house can be ignored for another two decades, especially if you do patchwork. Why spend 10-15k replacing the whole bad roof when some flex seal and some tyvekwill last a decade. You will have the boomers who continue to do things for asthetics, but i imagine they only keep up appearances because they think it makes their house more valuable. Sure as hell wouldn't plant a shade tree if i might be dead before it grows.
Ceterum censeo Sinae esse delendam