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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOxfam report: Richest 1 percent bagged 82 percent of wealth
created last year - poorest half of humanity got nothingPublished: 22 January 2018
Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.
https://www.oxfam.org/en/pressroom/pressreleases/2018-01-22/richest-1-percent-bagged-82-percent-wealth-created-last-year
Eighty two percent of the wealth generated last year went to the richest one percent of the global population, while the 3.7 billion people who make up the poorest half of the world saw no increase in their wealth, according to a new Oxfam report released today. The report is being launched as political and business elites gather for the World Economic Forum in Davos, Switzerland.
https://www.oxfam.org/en/pressroom/pressreleases/2018-01-22/richest-1-percent-bagged-82-percent-wealth-created-last-year
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Oxfam report: Richest 1 percent bagged 82 percent of wealth (Original Post)
moondust
Jan 2018
OP
HopeAgain
(4,407 posts)1. This may be the single biggest threat to modern civilization.
It is unsustainable.
Irish_Dem
(47,124 posts)2. I agree. Severe wealth gap is not sustainable.
Barack Obama said: "America cannot succeed when a shrinking few do very well and a growing many barely make it."
moondust
(19,991 posts)4. It will probably get worse.
Big new tax cuts (for the 1%) are on the way thanks to TheRump and his gang of toadies and grifters! Other countries may do the same claiming they have to do it just to stay competitive.
Possibly much worse by this time next year.
BSdetect
(8,998 posts)3. But what about trickle down economics?
This must be fake news?
The deplorables don't realize that they are also victims.