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  1. #1
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    World's richest one per cent to own more than the rest: Oxfam

    The world's richest 1 per cent will own more than the other 99 per cent by next year, Oxfam has warned.

    The charity has highlighted growing inequality ahead of the World Economic Forum in Davos this week.

    A research paper suggests the wealthiest 1 per cent have seen their share of global assets rise from 44 per cent in 2009 to 48 per cent last year - with an average worth of $2.92 million each. The figure is on track to exceed 50 per cent this year.

    Below the richest fifth, 80 per cent of the world's population own just 5.5 per cent of wealth - an average of $4166 each.

    "The scale of global inequality is quite simply staggering," Oxfam executive director Winnie Byanyima said.

    "And despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast."

    Byanyima, who is to co-chair at the Davos World Economic Forum this week, urged leaders to take on "vested interests that stand in the way of a fairer and more prosperous world".

    Oxfam has called upon states to tackle tax evasion, improve public services, tax capital rather than labour, and introduce living minimum wages, among other measures, in a bid to ensure a more equitable distribution of wealth.

    The 45th World Economic Forum, which starts on Wednesday, will draw a record number of participants this year with more than 300 heads of state and government attending.

    Rising inequality will be competing with other global crises including terrorist threats in Europe, the worst post-Cold War stand-off between Russia and the West and renewed fears of financial turmoil.

    AFP

    World's richest one per cent to own more than the rest: Oxfam

  2. #2
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    Oxfam has called upon states to tackle tax evasion, improve public services, tax capital rather than labour, and introduce living minimum wages, among other measures, in a bid to ensure a more equitable distribution of wealth.
    SOCIALIST!


  3. #3
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    Dare say this will be treated like a satisfactory "work in progress" report to the Elites at Davos. Wonder what target they have set themselves for next year? 75% ?

  4. #4
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    Obviously the 1% has a short fall this year. Numbers and their meanings? India, Africa, South America, China, Mexico, Central America, Eastern Europe, (to many to list), Names and their meanings: Over population, abject poverty, inadequate health resources, lack of industry, education, and political turmoil...

    1% of nothing is still "nothing."

    Next fictional data please?

  5. #5
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    Quote Originally Posted by ltnt View Post
    Obviously the 1% has a short fall this year. Numbers and their meanings? India, Africa, South America, China, Mexico, Central America, Eastern Europe, (to many to list), Names and their meanings: Over population, abject poverty, inadequate health resources, lack of industry, education, and political turmoil...

    1% of nothing is still "nothing."

    Next fictional data please?
    What about Thailand?

  6. #6
    disturbance in the Turnip baldrick's Avatar
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    Quote Originally Posted by Necron99
    A research paper suggests the wealthiest 1 per cent ....... - with an average worth of $2.92 million each
    as it is an average the will be many people with less than 3 mill in assets which means that likely any house owner in a major city with a house worth nearly a million is classed as in the top 1%

    I think there is a problem with their calculations

  7. #7
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    Kill 'em all, and lets waste the spoils betwen the rest of us.

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  9. #9
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    Quote Originally Posted by Necron99
    Below the richest fifth,

    Some fool spelled filth incorrectly...

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    The funny part is that many of those "evil" rich hail from wonderful countries such as India, China, Korea and good ole Russia.

  11. #11
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    Quote Originally Posted by zygote1 View Post
    The funny part is that many of those "evil" rich hail from wonderful countries such as India, China, Korea and good ole Russia.
    John Kerry is on his way. Hope they have a super sized tub of hair cream for him, primed and ready.

  12. #12
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    Quote Originally Posted by zygote1 View Post
    The funny part is that many of those "evil" rich hail from wonderful countries such as India, China, Korea and good ole Russia.
    True, but most of them live in London.

  13. #13
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    A properly organised socialist/labour/working class party should win landslide election victories in any democratic country.

    Why folk who don't have much to their name considers themselves to be 'Conservative' and vote to maintain the social status quo leaves me baffled.

    Perhaps Koojp can answer this.

  14. #14
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    Quote Originally Posted by harrybarracuda View Post
    Exactly....
    Well proposed, Harry!


  15. #15
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    Quote Originally Posted by The Ghost Of The Moog View Post
    A properly organised socialist/labour/working class party should win landslide election victories in any democratic country.

    Why folk who don't have much to their name considers themselves to be 'Conservative' and vote to maintain the social status quo leaves me baffled.
    The problem with socialist/labour/working class parties is that they are all tax and spend and they always end up shafting whether intentionally or not the people they are supposed to be representing. France being a good current example.

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    Quote Originally Posted by buriramboy
    The problem with socialist/labour/working class parties is that they are all tax and spend
    You left out,"someone else's hard earned money."

  17. #17
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    Quote Originally Posted by buriramboy View Post
    Quote Originally Posted by The Ghost Of The Moog View Post
    A properly organised socialist/labour/working class party should win landslide election victories in any democratic country.

    Why folk who don't have much to their name considers themselves to be 'Conservative' and vote to maintain the social status quo leaves me baffled.
    The problem with socialist/labour/working class parties is that they are all tax and spend and they always end up shafting whether intentionally or not the people they are supposed to be representing. France being a good current example.
    The conservatives are also tax and spend. They tax the less well off with indirect taxes such as VAT. The working poor in the UK are giving about 49% of their income to the government in tax in one form or another.

  18. #18
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    Quote Originally Posted by sabang View Post
    Kill 'em all, and lets waste the spoils betwen the rest of us.
    It is a ponderer. 1% of 7 billion is 70 million. Most of the billions of people in the planet are in debt in one form or another, and those 70 million people hold half of that debt.

    There is no such thing as money, only debt owed by someone to someone else. Those billions in debt would be quite capable of killing the 1% they are in debt to, and by doing so instantly wipe out their debts. In this age of communication technology, there isn't actually that much stopping them from organising themselves to do it. Those 1% will need to start watching over their shoulders in future years.

  19. #19
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    A Modest Proposal

    Quote Originally Posted by harrybarracuda View Post
    -Jonathan Swift

  20. #20
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    Quote Originally Posted by ltnt View Post
    Quote Originally Posted by buriramboy
    The problem with socialist/labour/working class parties is that they are all tax and spend
    You left out,"someone else's hard earned money."
    ^+1

    Most politicians have created nothing of consequence in their lives- besides a huge volume of hot air. But they are all too eager to spend the money of people that work -and save- to win votes from the idle.

    Bread & Circuses, right out of the Roman Empire play book...

  21. #21
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    Quote Originally Posted by Begbie View Post
    Quote Originally Posted by buriramboy View Post
    Quote Originally Posted by The Ghost Of The Moog View Post
    A properly organised socialist/labour/working class party should win landslide election victories in any democratic country.

    Why folk who don't have much to their name considers themselves to be 'Conservative' and vote to maintain the social status quo leaves me baffled.
    The problem with socialist/labour/working class parties is that they are all tax and spend and they always end up shafting whether intentionally or not the people they are supposed to be representing. France being a good current example.
    The conservatives are also tax and spend. They tax the less well off with indirect taxes such as VAT. The working poor in the UK are giving about 49% of their income to the government in tax in one form or another.
    I actually agree with VAT as a tax, in my world income tax would be 0 and VAT at whatever rate to make up the shortfall so then everyone pays for what they use/consume. Just to show I have a bit of heart I'd keep healthy food VAT free.

  22. #22
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    ^
    Exactly, only tax consumption that way the more you tax the system the more you are taxed that would be much more equitable than the current taxation on multiple levels.

  23. #23
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    Sadly nothing will ever change as the top 1% run the world and have most of the wealth so why would they give up their wealth and power to help everyone else?

    We are all greedy part of our survival instincts. Some can overcome these instincts but most can't or won't and even if they do it's for reasons other than generosity.
    I'm not saying it was Aliens, but it was Aliens!

  24. #24
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    Live your protest.

    Be the change.

  25. #25
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    Be All You Can Be

    btw, 1,700 PRIVATE JETS FLY TO DAVOS TO DISCUSS GLOBAL WARMING

    A squadron of 1,700 private jets are rumbling into Davos, Switzerland, this week to discuss global warming and other issues as the annual World Economic Forum gets underway.

    The influx of private jets is so great, the Swiss Armed Forces has been forced to open up a military air base for the first time ever to absorb all the super rich flying their private jets into the event, reports Newsweek."

    1,700 Private Jets Fly to Davos to Discuss Global Warming - Breitbart

    The 1% ers hypocrisy re climate change is astounding!
    A Deplorable Bitter Clinger

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