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Report: Eight men own same wealth as half the world

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Report: Eight men own same wealth as half the world

Report: Eight men own same wealth as half the world*/

– COMMENTARY – Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam this week ahead of the annual meeting of political and business leaders in Davos, Switzerland.Oxfam’s report, “An economy for the 99 percent,” shows that the gap between rich and poor is far greater than had previously been estimated and details how big business and the super-rich are fueling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics.The report also calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.“It is mind-boggling that just eight men own as much wealth as the poorest half of the world’s population, but that’s the sobering reality of 2017,” said Paul O’Brien, Oxfam America’s Vice President for Policy and Campaigns.“Such dramatic inequality is trapping millions in poverty, fracturing our societies, and poisoning our politics.
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Eight men have as much wealth as the world’s poorest half

Eight men have as much wealth as the world’s poorest half*/

– Eight is enough — when it comes to most of the world’s wealth, anyway.Eight men have as much wealth as 3.6 billion people who comprise the poorest half of the world’s population, according to a new report.A study from the anti-poverty group Oxfam found that the eight richest people on the planet have a net wealth of $426 billion — equaling the earnings of the population’s bottom half.
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The 8 men whose wealth equals the worlds poorest half

The 8 men whose wealth equals the worlds poorest half*/

– The apparently inexorable advance of the rich-get-richer economy has boiled down to this startling fact: just 8 men control as much wealth as the poorest half of the world’s population, roughly 3.6 billion people.That’s the latest finding from the charity Oxfam, which presented its report at the latest annual meeting of the World Economic Forum in Davos, Switzerland.While the 8 billionaires don’t appear to be attending the forum, it’s typically an event where the world’s wealthiest and connected citizens hobnob.
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