Unacceptable levels of stupidity

The gap between the super rich and the rest of the world widened last year as wealth continued to be owned by a small minority, Oxfam has claimed.

Some 82% of money generated last year went to the richest 1% of the global population while the poorest half saw no increase at all, the charity said.

Oxfam said its figures - which critics have queried - showed a failing system.

How is it failing?

"However you look at it, this is an unacceptable level of inequality," he said.

So, what would be the "acceptable" level of inequality?

Jeff Bezos has total wealth of over $100 billion. I could dedicate the rest of my life to making money. It would be a huge success if I got to a total of $100 million. However, my wealth wouldn't even amount to 0.1% of what Jeff Bezos has. Is this, somehow, unfair, unjust or unacceptable?

Cruel, grinding poverty is decreasing in the world. The poor aren't getting poorer. Just because we have more billionaires doesn't mean that the rest are somehow worse off.