Reward work, not wealth

OxfamOxfam always releases its report on wealth disparity to coincide with the gathering at Davos. This year's report says that 2017 saw the biggest increase in billionaires in history, one more every two days. 82% of all wealth created in the last year went to the top 1%, and nothing (sic) went to the bottom 50%. It says that in South Africa, the top 10% of society receives half of all wage income, while the bottom 50% of the workforce receives just 12% of all wages. Oxfam suggests that global economy will falter if there are too many billionaires and that rising inequality will cause the rise to populism, racism and fear mongering. The Oxfam report confirms that a majority of people want to live in far more equal societies. To read more, click here.