Submitted 12 hours ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
https://www.commondreams.org/news/global-one-percent-wealth
“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: archive.is/newest/…/global-one-percent-wealth
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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.
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.
They’d die in a week due to never really doing any actual labor.
And?
Financial obesity is an existential threat to any society that tolerates it.
You mean humanity? Because we don’t actually live on a planet that has borders and walls for the rich.
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?
Archangel1313@lemmy.ca 11 hours ago
I guess that explains why everyone else is so broke.
Opinionhaver@feddit.uk 6 hours ago
It plays a factor but there are many others as well. There are no simple explanations to complex problems.