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*In a story truly based on the phrase the rich get richer, a U.K.-based charity says the wealthiest one percent will own more than the rest of us combined by next year.
Oxfam International’s study released Monday morning ahead of the World Economic Forum in Davos showed the world’s global elite increased their share of wealth from 44 percent in 2009 to 48 percent last year, a number Oxfam’s executive director called “simply staggering.”
Oxfam executive director Winnie Byanyima stressed prolific lobbying, especially in the U.S., has sent public dollars to special interests instead of benefitting the whole population. (Video via USAID) “Extreme inequality isn’t just a moral wrong. It undermines economic growth and it threatens the private sector’s bottom line.”
The numbers are, of course, controversial. If you believe narrowing the wealth gap makes for a stronger economy, these findings are troubling. If you believe in the trickle-down theory of the wealthy stimulating growth and prosperity, you probably think the numbers are misleading.
This is the same group that attended the World Economic Forum last year and tried to spur debate on economic inequality saying the 85 richest people in the world have as much wealth as the bottom half of the world’s population.
WATCH this Newsy video report:
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and the rest of the third world recipients are not worth my time they ride my dick like a b**** old niggas on here with nothing to do, aint yall niggas got a social security check to collect, my bad some of you the rest of you dont get that where you from dont be mad at for being bless lol if i was a coconut ill be mad to, especially if being in a poor country and unable to get a green card poor coconut now thats funny cause i got every one out here laughing do you see the time it saturday and the night is young, im my won man aint got to sleep, you dont believe me just watch
hey CF people same s***, same people, same website with no new features, now yes thats caribbean for you lol
tym2revolute i dont give a f*** about your old asses i dont give a damn about what yall get if yall have less guess what yall had all your lives to build it aint ,my fault yall have less, what a man has is not my business, my concern is no man will stop from getting mines and dont no men will tell me how to get mine do i look like i give a damn about a bunch of old coconuts all yal do is complaint, do you realize from the past year you all do the same just complaint, not one day yall bring on an idea that can help anyone, but yall can sure brag about yall education, some of you talking about you will not tell what you possess well guess what you talk about everything else if you are proud of what you build you can shut down those who says it does not exist and not possible i dont even know you old farts i dont care if any one of you die today you realize yall so concern about me again because i am the s*** i got yall behind a computer mad and hating now thats how powerful a man like me is now envy me damn coconuts, lol i have no respect for yall just a bunch of old waste and any one of yall who dont like it if you man enough face man in person and ill say in yall face all of you put together and thats how much faith i have in my self, coconuts lol, now thats funny
play nice....
ill b back lolz
May the best man win I am dying over here stop hahahaha
Lol, lol, lol...I knew this would be funny. It's like this dude, 1stroke, can't comment without continually interjecting the presumption that everyone else on CF has less than him. A misconception shrouded in his strong sense of materialism and the need to be recognized....lol, lol, lol. The funny thing is HE FAILS TO REALIZE THAT THIS IS SOCIAL MEDIA. No one commenter knows who they are talking to or is talking about. Yet this fool makes comments about others based on his blind ignorance as if it's fact....lol, lol, lol. TALK ABOUT SOMEONE IN DESPARATE NEED OF VALIDATION TO THE POINT OF FABRICATING HIS OWN TRUTH. IDK, but his actions and statements now seems more like a PSYCHOSIS.....sheesh..smh...Lol, lol, lol
lol dudes on here pushing 60 and up and thats all they can say i would be mad too if i was old broke and dont matter to the world it aint my fault some of you lives in a third world country and art of those dying dont blame me blame your God whom ever you pray too lol you dont believe me just watch
Mike k look at it like this i cme from an environment where there was little and few opportunities which many black folks came from but i didnt let stop me i have a family who refuse to hide behind excuses and told me never to take no for an answer and how i could be what ever i wanted the choice was mine, at the end of the day i walked away from my environment and took all knowledge went to school and got a little bit of more knowledge i made sure i work hard while i was younger and now still young im not about to stop, yes i want it i dont care about who wants to sit on their asses, every one made their choices, i was never afraid to take risk, so do you think i would ever listen to you or any one else who is being judgmental on how i gain success i realize in this generation a lot of older folks are bitter like someone stop them from making the right choice, so trust me i have to plan to stop, so if you dont believe me just watch me im sorry bro your life is what you make it, i can help the few people i cant but i cannot help the world, typing about how we should help the world is not important if you want to make a different get up and make it and let me know how i can join the helping process and if it does i will join and by the way the rest of those other bums on here dont matter i know how people can be mad when they cannot stop some of us lol you dont believe me just watch me in 2015 ill even get higher its not a game and i have not time to play if it aint about growth we have nothing to talk about
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Goldman Sachs One Million Black Women Initiative aims to tackle Black women’s economic disparities
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