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1/22/2018 9:52 am  #1


World Wealth Gap Widens

Sooner or later the lid is going to blow off unless something is done about this:

The development charity Oxfam has called for action to tackle the growing gap between rich and poor as it launched a new report showing that 42 people hold as much wealth as the 3.7 billion who make up the poorest
half of the world’s population.

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   In a report published on Monday to coincide with the gathering of some of the world’s richest people at the World Economic Forum in Davos, Oxfam said billionaires had been created at a record rate of one every two days over the past 12 months, at a time when the bottom 50% of the world’s population had seen no increase in wealth. It added that 82% of the global wealth generated in 2017 went to the most wealthy 1%.

Last edited by Just Fred (1/22/2018 9:53 am)

 

1/22/2018 10:20 am  #2


Re: World Wealth Gap Widens

I agree. That sort of disparity will feed in to instability, and conflict.


We live in a time in which decent and otherwise sensible people are surrendering too easily to the hectoring of morons or extremists. 
 

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