Monday, January 19, 2015
"Richest 1 percent will own more than the rest by 2016-Oxfam"
"Jan 19 (Reuters) - More than half the world's wealth will be owned by just one percent of the population by next year as global inequality soars, anti-poverty charity Oxfam said on Monday
"In a report released ahead of this week's annual meeting of the international elite at Davos in Switzerland, Oxfam said the top tier had seen their share of wealth increase from 44 percent in 2009 to 48 percent in 2014.
"On current trends, it will exceed 50 percent in 2016.
"The charity's executive director, Winnie Byanyima, who is co-chairing the World Economic Forum meeting in Davos, said an explosion in inequality was holding back the fight against poverty.
"'Do we really want to live in a world where the one percent own more than the rest of us combined?' she said on Monday."
Read more: http://www.reuters.com/article/2015/01/19/davos-meeting-inequality-idUSL6N0UY1A620150119