The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam says

CNBC ^ | Mon, Jan 16 2023 | Sophie Kiderlin

[Gay State Conservative]

And most of that goes to Rat Party Headquarters.

[RoosterRedux]

What do people want after they have achieved their dreams of wealth (and then some)?

Often, they become aware that they "want to make a difference."

The problem is that making a difference isn't easy because so many things that would appear to make a difference don't. In fact, not only do those things not make a difference, they actually, directly or indirectly, make things worse.

BTW, there is an exception to the above. Sometimes, right after people have made a lot of money, they realize that money isn't enough. They realize that you can have a huge amount of money and still have no discernable power. So they set out to gain a lot of power.

Sometimes the desire to make a difference and the desire to increase one's power collide. This is really dangerous because you become a person who is self-righteous in your effort to gain power. And you yield such power self-righteously. In fact, in your mind, you become a mini-god (or is that "demi-god"?).

Wealth, power, righteousness.

[Qwapisking]

And the REAL question is what’s wrong with the rest of the slackers? Really....how hard can it be to amass wealth when SOOOO many are doing it? Nothing like being made to feel like a lazy bum on this monday morning. Guess I better get of my ass and make some cash. Got some catching up to do.

[MrRelevant]

The irony of course is ...the hypocrites who crow the loudest and clutch pearls the hardest about the 1% and “fair share” are the ones who make these folks filthy rich by consuming their products and services.

[EEGator]

The key seems to be owning a company that kills or controls people…
That and being allowed to be open during lockdown.

[Tom Tetroxide]

The 1% are also known as the Parasite Class.

[aynrandfreak]

Sounds like they should repeal most of what they passed the last two years.

[tlozo]

“Taxing the super-rich and big corporations is the door out of today’s overlapping crises."

Right, because corporations like Apple serve no useful purpose, and are forcing consumers to buy their products. Idiocy

[Newtoidaho]

Just a coincidence I’m sure but Xiden’s net worth has increased by 10% in each of the past 2 years.

[Mr. Jeeves]

I think we might be able to draw the conclusion that Bill Gates misspends his wealth even more badly than the government would misspend it - but that still doesn’t make a valid argument for increased taxation.

[Lizavetta]

When the lockdown rules came out in which Walmart could remain open but Joe's Hardware, Frank's Garden Supplies, Mary's Clothing Boutique, and Kathy's Baby Clothes -- which sell the same products -- could not, that should have been the first clue as to what was going on.

Especially considering you are MORE likely to get Covid in a higher traffic store like Walmart than one of the mom and pops.

[rellic]

Most people don’t real that is all paper wealth. Driven by stock values not by tangible assets. Why do think Bill G buying up land like crazy. it maybe he wants to starve us or he understands that most all his money is dependent on people buying stocks in the hope of profiting, much like gambling.
Not too many high dividend stocks out there. Rich people use other peoples money not their own. Now if you could figure out how to tax stock price manipulation then you’d have a big change.

[EandH Dad]

And just what do these billionaires do with that money? Stash it under the mattress? Or reinvest it to make more? Nothing wrong with owning a personal 737, mega yacht and gigantic mansion. Someone who is not a billionaire has to build those things to feed a family.

[euram]

Zelensky, Soros, Fink, Zuckerberg, and Bankman-Fried, all come to mind. There are also numerous new billionaires made by those in Big Pharma.

[super7man]

Thems that have gets. Thems that have not gets kids.

[newfreep]

Gabriela Bucher, executive director of Oxfam International, called for taxes to be increased for the ultra-rich, saying that this was a “strategic precondition to reducing inequality and resuscitating democracy.”

Appears OxFam is just another leftwing communist group pushing for government controlled "equality"

[hopespringseternal]

The future belongs to those that show up for it, and people who grow bank accounts rather than family aren’t. Almost universally, the grandchildren of the wealthy squander all their wealth while destroying the world. Meanwhile there is a kid in a trailer park somewhere who will grow up to be a billionaire.

Lather. Rinse. Repeat.

[newfreep]

“Them that’s got shall have
Them that’s not shall lose
So the Bible said and it still is news
Mama may have, Papa may have
But God bless the child that’s got his own, that’s got his own”

- Songwriter: Billie Holliday

[antidemoncrat]

And now I believe those billionaires want to depopulate the Earth to “Save the planet” so they can enjoy doing what they want without all those smelly Walmart shoppers hampering them.