Reuters — The World’s Richest 1% Took Home 82% of Wealth Last Year, Oxfam Says

Summary:
Four out of every five dollars of wealth generated in 2017 ended up in the pockets of the richest 1%, while the poorest half of humanity got nothing, a report published by Oxfam found on Monday. 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.... “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.”... FortuneThe World's Richest 1% Took Home 82% of Wealth Last Year, Oxfam Says Reuters

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Mike Norman considers the following as important: Davos, inequality, Oxfam

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