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Richest one percent made 82% of wealth created last year: Oxfam

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By NOEL CELIS

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© 2018 AFP

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The world's richest one percent raked in 82 percent of the wealth created last year while the poorest half of the population received none

How do they figure that the bottom 50% did not get any of the wealth created last year? Which bottom 50% is this? Are they talking about Venezuela, Haiti and poor places like that?

the world's elite prepared to mingle at the World Economic Forum in Davos.

Woohoo, rich elites at Davos wringing their hands. So good of them to hit a luxury Swiss ski resort and think about the poor people.

the wealth of billionaires has grown six times faster than that of ordinary workers since 2010

How did the billionaires do from 2007 to 2009 though? 

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system,"

Yadda yadda. What should we do, go full socialist like the Venezuelans? Let's be serious please.

"The people who make our clothes, assemble our phones and grow our food are being exploited 

OK so let's fire them all, and they will be paid nothing instead? Come on. 

Oxfam called on governments to limit the returns of shareholders 

Great, congratulations everyone. Enjoy the lid on your retirement investments, while feeling better about yourself since we will all be poorer but "more equal".

increase spending on healthcare and education.

Government spending on healthcare is out-of-control in places like Japan and this group is calling for more government spending on healthcare. Why do they think that a failing government system needs even more money thrown at it?

It is not a lack of money that is the problem. The unsustainable, broken systems are the problem.

Many are actively making things worse by slashing taxes 

Slashing taxes is making things worse? So what should we do with Japan's consumption tax? Hike it or slash it?

-6 ( +3 / -9 )

close the gender pay gap

Doesn't exist. At least not solely because of gender. Far more complication at play.

For me, the primary driver is the fact women select and work in lower paying careers.

STEM based jobs pay more, dangerous work pays more. And there tends to be more men than women in those types of jobs.

-2 ( +5 / -7 )

Wow, a handful of out-of-touch, elite rich Davis attendee sympathizer idealists hanging out at JT, judging by the thumb downs :)

-6 ( +1 / -7 )

In spite of this, it is astonishing to me that the masses do not rise up and take what is theirs.

We need an Amazon revolution of female warriors in charge

No. We need rational and reasonable people that outline policies based on reasoned argument to take charge. Whether they be women or men. We do not need identity politics. Thank god Australia is not yet infected, to such a terminal degree, the identity politics of the U.S.

In Sydney, last years women's march had just 5000 people, this year it was 800. Hopefully next year its 0.

-3 ( +3 / -6 )

Oxfam also emphasised the plight of women workers, who "consistently earn less than men" and often have the lowest paid, least secure jobs. Nine out of 10 billionaires are men, it added.

Well that deescalated fast. So this is the most pointing issue to raise after stating that the "The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system,"?

Did some AFP writer tear this flyer off the cubicle wall of some SJW coworker?

Writing crap like this keeps the blood boiling, but the minds confused. How about pointing some fingers or naming some names!

1 ( +3 / -2 )

Oxfam also emphasised the plight of women workers, who "consistently earn less than men" and often have the lowest paid, least secure jobs. Nine out of 10 billionaires are men, it added.

Women earn less than men because of the jobs they seek employment in.

There are more men in the rich list because men take the biggest risks - the bigger the risk the bigger the reward.

-3 ( +2 / -5 )

Who cares if Mark Zuckerberg, Bill Gates and Jeff Bezos are billionaries, but their female partners are not? They are employing hundreds of thousands of people and consumers are happy, so who cares?

These billionaires have had a net positive impact on human society, and Bill Gates is giving all sorts of money away to charities etc etc.

I am afraid that I do not see the problem with this, besides the selfish fact that I (and my female partner) are also not billionaires also, which makes me sooooooooo green with envy...

2 ( +3 / -1 )

Women earn less than men because of the jobs they seek employment in.

There are more men in the rich list because men take the biggest risks - the bigger the risk the bigger the reward.

Children and the biological clock is another major factor. If women want children, which most do (no, not ALL) then they have to take a time out of work in order to have the child. Then after that you can bet the first year or so is going to require a lot of adjustment from both the mother and father. That time out tends to happen at an age when driven single men are at the peak of their mental and physical fitness, mid 20's, 30's. Those men are also more open to travel in order to drive their careers.

-2 ( +1 / -3 )

Nothing surprising. This is the core principle of capitalism.

1 ( +1 / -0 )

That's why modern advanced countries allow extended maternity leave for both the mother and the father.

Sure, so in the competitive business world, those men and women will fall behind, at least temporarily, while single men and women will go ahead. And given that most women, on average, have at least one child, while 50% of men have no children at all, single men as a group have the advantage in the world of work, at least in the early to mid points of their career.

Their are a lot of factors - biological, mens interests/womens interests, family/work pressures and so on.

-3 ( +1 / -4 )

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