Monday, January 21, 2019

World's rich grew by $2.5B a day in 2018 as poor's wealth dropped

Oh the power of the poor pushing that consumer based pricing forcing businesses to lower their prices to match the poverty wages of the town or have them just stay home more often because they are cutting back their spending. You can make it but can we can't afford it so why have it? Low pay is low sales so low is low in a time for more education for the changing job skills in a time people live with no AC or heat because it cost too much. Walking without a car or driving a unsafe car with no bumpers. A mess! Like taking in your Tesla for a reprogramming of the OS only to have that worker not there yet he had a long walk to work and he's running late and slow because he's burned out from living with no AC in his apartment. Or the issue of trying to figure out how to hollow out the catalytic converters on the Tesla. You know it's true!

The point we all are heading for the low pay crash in a time we all should be brought up! States are raising the wages but face small towns that have nothing because they want nothing and so you can't have them dictate what you will have because you would have nothing like they have nothing! Small towns need to be brought up. Just because they like to suffer don't mean you have to suffer along with them. It's time to be brought up!
https://www.history.com/news/brown-v-board-of-education-the-first-step-in-the-desegregation-of-americas-schools

~~~~~World's rich grew by $2.5B a day in 2018 as poor's wealth dropped, Oxfam claims
The economic divide between the world's haves and have-nots widened last year, as the planet's billionaires saw their collective wealth increase by $2.5 billion a day while humanity's poorest half saw its wealth drop by 11 percent, a report published Monday by Oxfam showed.

Published a day before the start of the World Economic Forum in Davos, Switzerland, the "Public Good or Private Wealth" report by the anti-poverty NGO states that the number of billionaires has almost doubled since the 2008 financial crisis while the world's corporations and super rich are "undertaxed."

"Governments have been reducing both the top rate of personal income tax and the rate of corporate income tax over the long term," the report said, adding that if this were reversed, countries could afford "universal public services."

This growing wealth gap is hurting the fight against poverty while damaging nations' economies and stirring public unrest the world over, the report states.

Those worst hit by the growing disparity are women and children, the annual report found, stating that they have the highest need for services such as healthcare and education and the least access to financial services.

"The size of your bank account should not dictate how many years your children spend in school, oh how long you live - yet this is the reality in too many countries across the globe," Winnie Byanyim, executive director of Oxfam International, said in a media release. "While corporations and the super-rich enjoy low tax bills, millions of girls are denied a decent education and women are dying for lack of maternity care."

To combat the disparity, Oxfam is calling for the world's super rich to pay an additional 0.5 percent tax. The money raised could educate 262 million children and save some 3.3 million lives, the report said.

"People across the globe are angry and frustrated," Byanyim said. "Governments must now deliver real change by ensuring corporations and wealthy individuals pay their fair share of tax and investing this money in free healthcare and education that meets the needs of everyone - including women and girls whose needs are so often overlooked."

The World Economic Forum, also known as the Davos Forum, will be held from Jan. 22-25 when the world's leaders will convene to discuss some of the most pressing issues of the day.
https://www.upi.com/Top_News/World-News/2019/01/21/Worlds-rich-grew-by-25B-a-day-in-2018-as-poors-wealth-dropped-Oxfam-claims/4881548063226/?ls=4