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Report: 26 people are as poor as the poorest 3.8 billion



Global inequality in wealth increased last year as billionaires increased their fortunes by $ 2.5 billion per day, Oxfam said in a new report. the wealth increased by 12%. The mega-rich have become a concentrated group. Last year, the 26 richest people owned $ 1.4 trillion or even the 3.8 billion poorest people. The year before, it was the 43 best.

Oxfam's annual study, prepared by politicians and business representatives for the World Economic Forum, emphasized that this growing inequality threatens the fight against poverty.

"The size of your bank account should not dictate how many years your children spend at school or how long they live, but this is the reality in too many countries around the world," said Winnie Byanyima, executive director of Oxfam International. 1

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Since the financial crisis nearly a decade ago, the number of billionaires has almost doubled. Between 2017 and 2018, a new billionaire was created every two days. At the same time, the mega-wealthy and affluent companies are enjoying a decrease in tax rates for decades, the report said.

"Governments are exacerbating inequality by underfunding public services such as healthcare and education on the one hand, and taxing corporations and empires on the other," said Oxfam. [19659002] According to Oxfam, women and girls are most affected by the growing wealth gap. "Girls are first dragged out of school when the money is not available to pay, and women work hours of unpaid work to care for sick relatives when health systems fail," she said.

Many of these evils are addressed. Oxfam pleaded for tax increases. It is estimated that 1% wealth tax would be enough to raise 262 million schoolchildren and save 3.3 million lives. According to Oxfam in 2015, Oxfam stated that only four cents of each tax dollar collected worldwide came from tolls on assets such as inheritance or property. The report also claims that the rich hide $ 7.6 trillion in offshore accounts.

The richest man in the world, Amazon founder Jeff Bezos, has a fortune of $ 112 billion. Oxfam said that only 1% of its total assets are roughly equivalent to the health budget of Ethiopia, a country of 105 million.

"People around the world are angry and frustrated," said Byanyima. "Governments must now make real changes by ensuring that businesses and wealthy individuals pay their fair share of taxes and invest that money in free healthcare and education."

In last year's wealth report, Oxfam found that the richest 1% got 82% of respondents. Property created in 2017.

Contact Casey Quackenbush at casey.quackenbush@timeinc.com.


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