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'BILLIONAIRE BOOM': WHILE WORLD'S RICHEST 1% TOOK 82% OF ALL NEW WEALTH IN 2017, BOTTOM HALF GOT ZERO, ZILCH, NADA

 
'BILLIONAIRE BOOM':
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01/22/2018 03:33 PM
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'BILLIONAIRE BOOM': WHILE WORLD'S RICHEST 1% TOOK 82% OF ALL NEW WEALTH IN 2017, BOTTOM HALF GOT ZERO, ZILCH, NADA
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Call it the 'Year of the Billionaire.'

In 2017, a new billionaire was created every two days and while 82 percent of all wealth created went to the top 1 percent of the world's richest while zero percent—absolutely nothing—went to the poorest half of the global population.

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system. The people who make our clothes, assemble our phones and grow our food are being exploited to ensure a steady supply of cheap goods, and swell the profits of corporations and billionaire investors." —Winnie Byanyima, Oxfam International

That troubling information is included in Oxfam's latest report on global inequality—titled Reward Work, Not Wealth (pdf)—released Monday. In addition to the above, the report details how skyrocketing wealth growth among the already rich coupled with stagnant wages and persistent poverty among the lowest economic rungs of society means that just 42 individuals now hold as much wealth as the 3.7 billion poorest people on the planet.
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01/22/2018 04:41 PM
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Re: 'BILLIONAIRE BOOM': WHILE WORLD'S RICHEST 1% TOOK 82% OF ALL NEW WEALTH IN 2017, BOTTOM HALF GOT ZERO, ZILCH, NADA
It takes money to make money.
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01/22/2018 06:02 PM

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Re: 'BILLIONAIRE BOOM': WHILE WORLD'S RICHEST 1% TOOK 82% OF ALL NEW WEALTH IN 2017, BOTTOM HALF GOT ZERO, ZILCH, NADA
"The world now has 2,043 billionaires, after a new one emerged every two days in the past year, the nonprofit organization said in a report published Monday. The group of mostly men saw its wealth surge by $762 billion, which is enough money to end extreme poverty seven times over, according to Oxfam."

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15 And the kings of the earth, and princes, and tribunes, and rich, and strong, and each bondman, and free man, hid them(selves) in dens and stones of hills.

16 And they say to hills and to stones, Fall ye on us, and hide ye us from the face of him that sitteth on the throne, and from the wrath of the lamb;

17 for the great day of their wrath cometh, and who shall be able to stand? ~~Revelation 6:15-17

16 For God loved so the world [Forsooth God so loved the world], that he gave his one begotten Son, that each man that believeth in him perish not, but have everlasting life. ~~John 3:16





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