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Oxfam: 85 richest people as wealthy as poorest half of the world
As World Economic Forum starts in Davos, development charity claims that growing inequality has been driven by a 'power grab' by wealthy elites
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.
The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world
"In developed and developing countries alike we are increasingly living in a world where the lowest tax rates, the best health and education and the opportunity to influence are being given not just to the rich but also to their children.
This "capture of opportunities" by the rich at the expense of the poor and middle classes has led to a situation where 70% of the world's population live in countries where inequality has increased since the 1980s and 1% of families own 46% of global wealth - almost £70tn.
more:
http://www.theguardian.com/business/2014/jan/20/oxfam-85-richest-people-half-of-the-world
2pooped2pop
(5,420 posts)Is there a site that lists the names of these people?
kpete
(71,986 posts)targetpractice
(4,919 posts)FarCenter
(19,429 posts)Global GDP/capita is about $12,700 / year.
US GDP / capita is about $51,700 / year.
So if goods and services were distributed equitably, the US population would experience a decrease in standard of living to about 25% of the current standard of living.
DirkGently
(12,151 posts)... right?