this post was submitted on 26 Jun 2025
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Global News

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"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: https://archive.is/newest/https://www.commondreams.org/news/global-one-percent-wealth


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[–] Linktank 18 points 5 days ago (13 children)

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.

[–] Opinionhaver@feddit.uk 0 points 5 days ago (9 children)

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.

[–] Linktank 1 points 5 days ago (1 children)

You're correct that no squeeze is required, which is why them doing it is that much more bastardly.

[–] Opinionhaver@feddit.uk 1 points 5 days ago (2 children)

I’d say it’s pretty pointless to blame individuals for taking advantage of a broken system. It’s probably more productive to focus on criticizing and changing the system itself.

[–] FlyingCircus@lemmy.world 2 points 4 days ago (1 children)

Well, guess who is stopping us from changing the system?

[–] Opinionhaver@feddit.uk 1 points 4 days ago

The ones stopping us from making a change are the same people who are completely unaffected by others just complaining about them online. The ones most affected by hatred and anger are the hateful and angry people themselves - and the people around them.

[–] Linktank 2 points 5 days ago (1 children)

Sure seems weird to take a stance that is protecting people who are actively harming you in great and measurable ways, but hey, you do you.

[–] Opinionhaver@feddit.uk 1 points 5 days ago (1 children)

I don't get any pleasure from hating on people. I prefer to look for solutions rather than ones to blame but hey, you do you.

[–] Linktank 2 points 4 days ago (1 children)

Not everything in life is about deriving pleasure you hedonist.

[–] Opinionhaver@feddit.uk 1 points 4 days ago* (last edited 4 days ago)

No, but engaging with chronically hateful people here on a daily basis has led me to believe that’s not the way forward either. There’s enough hate in the world already, and I don’t intend to partake in it. If you feel that being angry at strangers online leads to a better world, then go ahead - I don’t.

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