World's richest men 'double their wealth' in three years - as Oxfam warns of first trillionaire
Oxfam's boss says it's "totally unacceptable" one person could soon be so extremely rich while many around the world still live in terrible poverty.
The world's five richest men have more than doubled their fortunes to £688bn in three years - while the wealth of the poorest 60% has fallen, according to Oxfam.
It says the first trillionaire could emerge within a decade but that poverty won't be eradicated for 229 years.
In 229 years poverty will finally be eradicated according to erstwhile charity Oxfam. It would be nice if the momentous event were to occur on a Saturday afternoon, round about tea time. It could be an interesting little addition to the football results.
The image selected to go with the piece is of course a picture of Elon Musk, the rich chap they seem to be uneasy about in spite of his major contribution to battery-powered cars which they do like because they are supposed to like them. Perhaps the uneasiness about Musk is because he is said to favour free speech which they don't like.
9 comments:
Yes, yes, but does it make them happy?
Oxfam, eh? Which do people think is harder - transporting bags of protein powder to war and disaster zones, or publishing a sixth-form level argument that being really rich is morally unacceptable?
Oxfam's boss says it's "totally unacceptable" one person could soon be so extremely rich... so all the OXFAM salaried staff will be on minimum wage from now on?
I didn't think so. The salary of the current CEO Dr. Dhananjayan Sriskandarajah is reportedly well over ₤120,936 is that any more acceptable?
Tammly - I think it probably does make them modestly happy in their own terms, but possibly no more than many others.
Sam - tough question. Transporting bags of protein powder to war and disaster zones may have diversity issues, it does take a heck of a lot of fossil fuel and the climate tipping point is perilously close.
DJ - I can just imagine that question being waved away in the Oxfam boardroom. Or maybe it would be earnestly discussed at great length until a conclusion that their salaries are too low is reluctantly reached.
There is no shortage of food in the World. Why else would the EU be discouraging European farmers from growing food. And the World TLAs restrict use of fertiliser and powered agricultural machinery.
We grow food so that it can be turned into a diesel substitute.
Sand eels were caught so that their oily bodies could be burned in power stations.
Oxfam and the rest swan about in big top of the range white Landcruisers among the sexually vulnerable.
Doonhamer - "Why else would the EU be discouraging European farmers from growing food."
Maybe there is an interesting theory in there, in that the purpose of the EU is to discourage everyone about everything. This will allow the rest of the world to catch up with the EU, a bureaucrat's version of levelling up.
As long as they measure poverty as being below an average wealth, it can never be eradicated, by definaition.
And I'm sure the reason they do this is because everyones wealth is constantly going up. The only way they can say wealth is going down for the lowest on the ladder, is if the wealth of the richest increases by a higher percentage, dragging that average further up.
It's a huge scam
Bucko - it is a scam, and a popular one because as you say, it can never be eradicated. A typical bureaucrat scam, a permanent cause needing fixes that cannot ever be fixed.
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