Tuesday, January 23, 2018

Where the money is

With the wealthiest, of course. Oxfam has just released a report based on Credit Suisse's Global Wealth Databook. They conclude that:
82% 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.
Billionaire wealth has risen by an annual average of 13 percent since 2010 – six times faster than the wages of ordinary workers, which have risen by a yearly average of just 2 percent. The number of billionaires rose at an unprecedented rate of one every two days between March 2016 and March 2017.

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