World’s richest 1% have more than twice wealth of 6.9 billion people combined: Oxfam report
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global wealth inequality is getting out
of control the world's richest 1% has more than twice the wealth of six point
nine billion people combined rmzo has the story a new report is highlighting
the widening degree of global inequality ahead of the World Economic Forum in
Davos which brings together some of the world's wealthiest and most influential
people the anti-poverty NGO Oxfam international study released on Monday
dubbed time to care shows the world's 2,153 billionaires have more wealth than
4.6 billion people who comprise 60% of the world's population it also says the
wealth of the world's billionaires is growing by 2.5 billion dollars every day
while the poorest half of the global population is getting poor Forbes list
of billionaires used by Oxfam said most of the wealthiest people are in the US
and they include Amazon's Jeff Bezos Microsoft Bill Gates Berkshire
Hathaway's Warren Buffett and Facebook's Mark Zuckerberg the report also
underscored gender inequality saying that 22 richest men have more money than
all the women in Africa combined the report noted that the number of
billionaires around the world has nearly doubled over the past decade since the
global economic crisis partly due to government policies such as the 2017 us
tax overhaul that cut taxes for rich people and corporations in America the
report states governments around the world are not doing enough to resolve
wealth inequality and it calls on policy makers to top inequality busting
policies Oxfam recommends nations to tax well that fairer levels saying that
taxing an additional half a percent on the world's richest 1% over the next
decade would generate enough funds to create 117 million jobs in education
health and elderly care and other sectors on ji-yong arirang news
