The world's wealthiest people aren't known for travelling by bus, but
if they fancied a change of scene then the richest 85 people on the
globe – who between them control as much wealth as the poorest half of
the global population put together – could squeeze onto a single
double-decker bus.
The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam today January 20. It warned that those richest 85 people across the globe share a combined wealth of Euro 1.22 trillion ( US $ 1.65 trillion), as much as the poorest 3.5 billion of the world's population.
The Oxfam report lists five key policies governments can adopt to reduce inequality and recommends that the mix of policies should be tailored to the national context. The five are: universal health and education; progressive taxation; removal of barriers to equal rights and opportunities for women; land reform and income support programs.
Read more: Inequality rises across the G20 as economic growth fails to trickle down to poorest — Oxfam America
The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam today January 20. It warned that those richest 85 people across the globe share a combined wealth of Euro 1.22 trillion ( US $ 1.65 trillion), as much as the poorest 3.5 billion of the world's population.
The Oxfam report lists five key policies governments can adopt to reduce inequality and recommends that the mix of policies should be tailored to the national context. The five are: universal health and education; progressive taxation; removal of barriers to equal rights and opportunities for women; land reform and income support programs.
Read more: Inequality rises across the G20 as economic growth fails to trickle down to poorest — Oxfam America
