23 pointsby robtherobber9 hours ago5 comments
  • uncanny23 hours ago
    You will be astounded at how much “dead wealth” is out there.

    Just look at how much of Bitcoin will likely never move and see the ratio of wealth sitting in stasis and that accessible and animated by the living populations.

    And never take anything from anyone who is “not culpable.” Not means never “one of them.” A righteous rule of law serves everyone, not only those literate in its use.

  • keysersoze338 hours ago
    Unless political lobbying becomes significantly harder (globally), I don't think the growing gap between the wealthy and poor will change anytime soon.

    Problem is, to tax the ultra wealthy more, it needs to be coordinated globally. Otherwise, the ultra wealthy just move to where the tax system is more attractive. Not sure if this will ever happen to be honest.

    However, awareness of the problem is still important

  • grebc8 hours ago
    If it’s hidden, how does Oxfam know about it?
    • enoint5 hours ago
      The article links to methodology. The scope of the Panama Papers is one way.

      It’s interesting that the Forbes top list of billionaires is significantly incomplete.

  • josefritzishere5 hours ago
    Jay Newman wrote something poignant about this https://www.wealthsimple.com/en-ca/magazine/undermoney-jay-n...
  • amadeuspagel8 hours ago
    All statistics of this type are based on substracting debt. If a headline like "Elon Musk is -100 times as wealthy as Jérôme Kerviel"[1] would strike you as absurd, these headlines are no less so.

    [1]: https://www.theatlantic.com/business/archive/2012/11/meet-th...