Tag Archive for Oxfam

The 99%, or Where’s the Money?

January 24, 2017 Comments Off on The 99%, or Where’s the Money?

Did you hear about the report (“An Economy for the 99%”) from Oxfam about where all the world’s money is?  According to that international poverty-fighting group, it comes out this way: Add the wealth of all of the world’s 3.6 billion poorest people and it roughly equals the $436 billion held by eight (8!) men–not women or families but 8 individual men.  Then add together the wealth of the 180 poorest countries  and it does NOT equal the wealth of the ten largest countries.

And this inequality is increasing.  Which widens the divisions in society.

Just something to think about.

 

 

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Money, Money, Money

February 2, 2016 Comments Off on Money, Money, Money

Where is it all?  According to Oxfam, 1% of the world’s population now owns as much as the other 99% put together.  Seems a bit topsy-turvy to me, considering all the poverty, disease, and starvation in the world.

You can read the details in “Oxfam: 62 richest people as wealthy as poorest half of world’s population.”

 

 

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Why Bother Working?

January 20, 2015 Comments Off on Why Bother Working?

Most of us work hard at our jobs, hoping to get ahead, watching for the next pay-raise, and looking forward to the day when our family is not only out of debt but comfortable enough financially so we can stop worrying about taking a nice vacation.  We in America have a better chance of that, of course, than elsewhere.  But where, exactly, is the world’s pot of gold going?

The Wall Street Journal sums it up like this:  “The super rich are getting super richer.”   According to Oxfam, an international anti-poverty coalition, by next year 1% of people will own more than 50% of the world’s wealth–those 1% will own more than the rest of us combined.

Meanwhile, poverty, malnutrition, disease, homelessness, and wars fought over who gets to use natural resources increase throughout the globe.  And the average frustrated working person struggles to keep from experiencing those conditions.

What’s the answer?  In all fairness, I don’t know.  I wish I did.

 

 

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