Tuesday, January 20, 2015

THE richest one per cent of the population will own more than half the world’s wealth by 2016, Oxfam International said in a report released as the World Economic Forum begins in Davos, Switzerland. Oxfam said the world’s richest people saw their share of global wealth jump to 48 per cent last year from 44 per cent in 2009. Rising inequality is holding back the fight against global poverty as the world’s biggest companies lobby the US and European Union for beneficial tax changes at a time when average taxpayers are still paying the bill for the financial crisis, Oxfam said.
 One in nine people don’t have enough to eat and more than a billion people live on less than $US1.25 a day, Oxfam said, ticking off statistics that paint a grim picture for all but the world’s richest.

a rally in 2011

1 comment:

  1. I read this yesterday--it's appalling, isn't it!!


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