“Governments should heed widespread demands to tax the rich—and match it with a vision to build public goods from healthcare to energy,” said the executive director of Oxfam International.
Archived version: https://archive.is/newest/https://www.commondreams.org/news/global-one-percent-wealth
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
I guess that explains why everyone else is so broke.
It plays a factor but there are many others as well. There are no simple explanations to complex problems.
Yeah because they’re squeezing every last penny despite the fact that they’ve already got more than they can spend. They should be put in labor camps.
They’d die in a week due to never really doing any actual labor.
And?
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It’s compounding interest. The more money you have invested in the stock market, the easier it becomes to make even more. No “squeeze” is required - just sit back while your money works for you. You don’t even need to be in the global top 1% to take advantage of this. Even I passively earn the equivalent of a few months’ salary each year just by investing my savings - and I’m by no means rich; I do manual labor.
It’s more that the squeeze is done on your behalf, than that it is not required
You’re correct that no squeeze is required, which is why them doing it is that much more bastardly.
I’d say it’s pretty pointless to blame individuals for taking advantage of a broken system. It’s probably more productive to focus on criticizing and changing the system itself.
Sure seems weird to take a stance that is protecting people who are actively harming you in great and measurable ways, but hey, you do you.
I don’t get any pleasure from hating on people. I prefer to look for solutions rather than ones to blame but hey, you do you.
Not everything in life is about deriving pleasure you hedonist.
No, but engaging with chronically hateful people here on a daily basis has led me to believe that’s not the way forward either. There’s enough hate in the world already, and I don’t intend to partake in it. If you feel that being angry at strangers online leads to a better world, then go ahead - I don’t.
Well, guess who is stopping us from changing the system?
The ones stopping us from making a change are the same people who are completely unaffected by others just complaining about them online. The ones most affected by hatred and anger are the hateful and angry people themselves - and the people around them.
Financial obesity is an existential threat to any society that tolerates it.
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I’m feeling peckish. Anybody else?
I just ate, but I can build a mean guillotine
Perfect for cutting cucumbers… and necks
I could eat the absolute PANTS off some shrimp. or maybe whales? what do whales taste like?
