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TOPIC: World’s richest 26 people are hoarding as much wealth as the poorest half, says Oxf

World’s richest 26 people are hoarding as much wealth as the poorest half, says Oxf 21 Jan 2019 09:22 #13119

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World’s richest 26 people are hoarding as much wealth as the poorest half, says Oxfam
Oxfam calls for fairer taxation and properly funded public services to tackle growing wealth inequality.


Welfare Weekly By Welfare Weekly January 21, 2019

The worlds richest billionaires are now hoarding as much wealth as the poorest half of the world’s people combined, according to a new report that warns about rising global wealth inequality.

In it’s latest annual report, Public Good or Private Wealth?, Oxfam finds that just 26 people now own the same wealth as the poorest half of the world – down from 46 people in 2017.

The report shows that billionaire fortunes have risen by $2.5 billion a day over the last year, while the poorest half of the world’s people saw their wealth decline by 11%.
The charity says many government’s are exacerbating wealth inequality by failing to invest in public services, whilst calling for fairer taxation and urging government’s to take on tax dodgers.

Whilst the number of people living in extreme poverty around the world has declined significantly in recent decades, a World Bank report found that the global rate of poverty reduction almost halved between 2013 and 2015.

Read Full Report Here;
welfareweekly.com/worlds-richest-26-people-are-hoarding-as-much-wealth-as-the-poorest-half-says-oxfam/
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