chapetmarunga Posted January 23, 2018 Share Posted January 23, 2018 (edited) https://www.hindustantimes.com/business-news/inequality-gap-widens-as-42-people-hold-same-wealth-as-3-7bn-poorest-report/story-BmptpG6CTbHT5m6URfKBiP.html As global political and business leaders gather for this week’s World Economic Forum annual meeting in Davos, Switzerland, the charity’s report highlights a global system that rewards the super-rich and neglects the poor. “(It) reveals how our economies are rewarding wealth rather than the hard work of millions of people,” Winnie Byanyima, Oxfam’s executive director, told Reuters Television. “The few at the top get richer and richer and the millions at the bottom are trapped in poverty wages.” Byanyima blamed “tax dodging” as a major cause of global inequality and urged leaders to clamp down on tax havens and plough money into education, healthcare and jobs for young people. “The economic model is not working at all,” Oxfam report co-author, Iñigo Macías Aymar, told the Thomson Reuters Foundation. “The way this wealth is being distributed we are really worried, it’s being concentrated in fewer hands.” Oxfam called for all workers to receive a minimum living wage, the elimination of the gender pay gap and tougher rules to crackdown on tax avoidance. Edited January 23, 2018 by chapetmarunga Link to comment Share on other sites More sharing options...
chapetmarunga Posted January 23, 2018 Author Share Posted January 23, 2018 such a great system we have which rewards not hard work but wealth Link to comment Share on other sites More sharing options...
zen Posted January 23, 2018 Share Posted January 23, 2018 Inequality of income is one of the key issues that would need to be addressed in future. For equality to come in to play, human development and concepts of equal opportunities would need to developed to their full potential Link to comment Share on other sites More sharing options...
zen Posted January 23, 2018 Share Posted January 23, 2018 I want Lamborghini Huracan Performante Link to comment Share on other sites More sharing options...
Singh bling Posted January 23, 2018 Share Posted January 23, 2018 As long as their is improvement in technology which will require less and less human power income inequality Link to comment Share on other sites More sharing options...
chapetmarunga Posted January 23, 2018 Author Share Posted January 23, 2018 wouldnt be surprised if >90 % of those are white men. Neither in times of empires, feudalism & colonialism has wealth been concentrated to such an extent. Needless to say, they won. Link to comment Share on other sites More sharing options...
chewy Posted January 23, 2018 Share Posted January 23, 2018 Inequality will only increase with the advent of knowledges based economy, the poor will get wealthier but a slower rate then those with the right skill set in the next twenty to thirty years, we will probably also see a new wave of redundant workers coming from professional services in law, accounts and admin jobs as AI goes into full swing Link to comment Share on other sites More sharing options...
dial_100 Posted January 23, 2018 Share Posted January 23, 2018 If you are rich and you dont fully pay your taxes, I dont like you. You could be showing off with all your riches, the donations you make and entire facade of you being good individual or organization disgust me. You are the primary reason why my country is poor and people are poor. Shame on you. You are my country's worst enemies. Link to comment Share on other sites More sharing options...
mishra Posted January 23, 2018 Share Posted January 23, 2018 Since wealth is rising, shouldnt the headline be more like "1% people create 73% wealth" Link to comment Share on other sites More sharing options...
Nikhil_cric Posted January 24, 2018 Share Posted January 24, 2018 Neoliberalism has been adopted by every single country post Cold War. We are just seeing it's impact now. Link to comment Share on other sites More sharing options...
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