The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
  • racemaniac@lemmy.dbzer0.comEnglish
    510·
    2 months ago

    This is a completely meaningless figure…

    I really hate when articles come out with this kind of data. Huge numbers like this without any context just mean nothing. Ok, 42 trillion$, how much money did they already have? How much percent did their fortunes increase? Is that more or less than inflation?

    It’s just a meaningless huge number that has no intention other than to shock, certainly not to inform or they would have given actually useful numbers that would actually let you have an idea whether it’s that bad or not…

    I hate that people keep falling for nonsens like this… Just post a huge number without any context or any other numbers needed to be able to make sense of it, and everyone is like “omfgwtfbbq, this is SOOOO bad”! Is it? It’s perfectly possible that this isn’t even enough to keep up with inflation, and they’re technically poorer, probably not, but we’ll never know from this useless article…