Tuesday, January 23, 2018

Oxfam: 42 super-rich hold same wealth as world's poorest 3.7 bln


"Inequality is not inevitable, it's not like the weather. It's a policy choice."
Max Lawson Oxfam’s head of policy on inequality.
Its findings, published on Monday, show that just 42 people now hold as much wealth as the 3.7 billion who make up the world's poorer half.
Last year also saw the biggest increase in the number of billionaires in history, with one more every two days. There are now 2,043 dollar billionaires worldwide.
"Billionaires' wealth is growing six times faster than wages. So we're not talking about a static situation. We're talking about a situation that's getting rapidly worse – where you've got this runaway wealth for those at the top," Oxfam’s head of policy on inequality, Max Lawson, told Euronews in an interview.
The wealth gone into these billionaires' hands would have been enough to end extreme poverty seven times over, says the charity..

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