62 people own the same as half the world, reveals Oxfam Davos report 

“The Oxfam report An Economy for the 1%, shows that the wealth of the poorest half of the world’s population has fallen by a trillion dollars since 2010, a drop of 38 percent. This has occurred despite the global population increasing by around 400 million people during that period. Meanwhile, the wealth of the richest 62 has increased by more than half a trillion dollars to $1.76tr. The report also shows how women are disproportionately affected by inequality – of the current ‘62’, 53 are men and just nine are women. Globally, it is estimated that a total of $7.6tr of individuals’ wealth sits offshore. If tax were paid on the income that this wealth generates, an extra $190 billion would be available to governments every year.”

Source: 62 people own the same as half the world, reveals Oxfam Davos report | Oxfam International

 

Author: Sam Harrelson

Marketing and Technology Strategist at https://samharrelson.com ; Podcast at https://thinking.fm

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