The 1% grabbed 82% of all wealth created in 2017

llnknth said:

well,in 3 weeks ill have about $350,000 in my bank account....not rich,but i wont have to worry,,,,my dad and i bought a house,renovated it,sat on it for 6 years,while the tenants payed the bills.i will now reap the rewards...ill reinvest in 2 more properties in the next year

we put $4000 down a piece,bought it for $149,999 and it sold for $719,999

so dont tell me im naive dude...

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Grandpapy said:

3 Weeks? You must be selling to 'americans'. The oppressed pay on the spot.

Chinese buyers snapped up $31.7 billion worth of real estate in the United States between April 2016 and March 2017, with 65 percent paying cash, according to the country's National Association of Realtors.

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ANC said:

http://money.cnn.com/2018/01/21/news/economy/davos-oxfam-inequality-wealth/index.html

More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.


Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work...

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.

The head of the advocacy group argued that the people who "make our clothes, assemble our phones and grow our food" are being exploited in order to enrich corporations and the super wealthy.

The study, released ahead of the World Economic Forum in Davos, was produced using data from Credit Suisse's (CS) Global Wealth Databook.

Related: 5 ways the world is pulling apart

The report also highlights the detrimental effects of gender inequality with data that show more men own land, shares and other capital assets than women.

Rising inequality has been a major topic at Davos for years.

Oxfam said Monday that it is time for the global elite to stop talking about inequality and start changing their ways.

"It's hard to find a political or business leader who doesn't say they are worried about inequality. It's even harder to find one who is doing something about it," said Byanyima.

"Many are actively making things worse by slashing taxes and scrapping labor rights," she added.

Related: Thought 2017 was bad? 2018 could be much worse

Oxfam said that governments should focus on policies that would lead to fairer distribution of wealth and stronger workers' rights.

These could include introducing a living wage, supporting labor unions and tackling gender discrimination.

Governments also need to tackle tax avoidance and put limits on shareholder returns and executive pay, Oxfam said. The group argues companies should not issue dividends to shareholders unless they pay their workers a living wage.

Oxfam also said that tax policies should be used to reduce extreme wealth.



CNNMoney (London)First published January 21, 2018: 7:04 PM ET

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since1991 said:

Say what you will. Call it what you want. Something has to change. Or these streets will eventually be filled with blood.

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chiqifella said:

maybe, but thing is folks been saying that for decades, while it gets worse, while no change is effected, and our blood runs on foreign streets.

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since1991 said:

Believe it or not...FDR's New Deal programs got this country going and from it grew a thriving middle class. Not by coincidence we had strong labor and trade Unions as well. The 50's and 60's were good times for the working people. All of it started going away with the Reagan 80's. Trickle down lies. The corporate class rich dont trickle down shit. Regular people with purchasing power create a thriving economy. Thats a fact. The corporate class has been trying to pick apart New Deal tax rates for a long time now. And bust up the Unions. They have largely succeeded.

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since1991 said:

Believe it or not...FDR's New Deal programs got this country going and from it grew a thriving middle class. Not by coincidence we had strong labor and trade Unions as well. The 50's and 60's were good times for the working people. All of it started going away with the Reagan 80's. Trickle down lies. The corporate class rich dont trickle down shit. Regular people with purchasing power create a thriving economy. Thats a fact. The corporate class has been trying to pick apart New Deal tax rates for a long time now. And bust up the Unions. They have largely succeeded.

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ANC said:

http://money.cnn.com/2018/01/21/news/economy/davos-oxfam-inequality-wealth/index.html

More than $8 of every $10 of wealth created last year went to the richest 1%.
That's according to a new report from Oxfam International, which estimates that the bottom 50% of the world's population saw no increase in wealth.


Oxfam says the trend shows that the global economy is skewed in favor of the rich, rewarding wealth instead of work...

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system," said Winnie Byanyima, executive director of Oxfam International.

The head of the advocacy group argued that the people who "make our clothes, assemble our phones and grow our food" are being exploited in order to enrich corporations and the super wealthy.

The study, released ahead of the World Economic Forum in Davos, was produced using data from Credit Suisse's (CS) Global Wealth Databook.

Related: 5 ways the world is pulling apart

The report also highlights the detrimental effects of gender inequality with data that show more men own land, shares and other capital assets than women.

Rising inequality has been a major topic at Davos for years.

Oxfam said Monday that it is time for the global elite to stop talking about inequality and start changing their ways.

"It's hard to find a political or business leader who doesn't say they are worried about inequality. It's even harder to find one who is doing something about it," said Byanyima.

"Many are actively making things worse by slashing taxes and scrapping labor rights," she added.

Related: Thought 2017 was bad? 2018 could be much worse

Oxfam said that governments should focus on policies that would lead to fairer distribution of wealth and stronger workers' rights.

These could include introducing a living wage, supporting labor unions and tackling gender discrimination.

Governments also need to tackle tax avoidance and put limits on shareholder returns and executive pay, Oxfam said. The group argues companies should not issue dividends to shareholders unless they pay their workers a living wage.

Oxfam also said that tax policies should be used to reduce extreme wealth.



CNNMoney (London)First published January 21, 2018: 7:04 PM ET

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chiqifella said:

Yep, my understanding has always been this began with Reagan, AIG Bank and the like. FDR before my time, Reagan is my scapegoat

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schuylaar said:

take money out of politics and overturn CU..that should about do it!

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dagwood45431 said:

Reagan was a POS and started the decline. Why he is revered by anyone is a complete mystery to me.

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Sir Napsalot said:

It's not "scapegoating" when they're actually responsible

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since1991 said:

Bankers/Wall Street types/ and Republicans revere ole' Ronnie Reagan like hes the messiah. To this very day. He made em rich. The deregulation policy he put in place and the whole ideology set forth from that little 80's gang...still prevalent today. The greed ball got rolling and it hasnt stopped.

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