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."

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kkdither said...

The current mindset and direction that our legislators and leaders are proposing into law is downright frightening. I can't even read it with scrutiny. It is too cold and heartbreaking. I really worry for the division our next generation will face.

OrbsCorbs said...

The next generation is f**ked. I remember my father-in-law saying that he hoped to be dead before the poop hits the fan. He got his wish and I agree with him.