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Global wealth inequality widened last year as billionaires increased their fortunes by $2.5 billion per day, anti-poverty campaigner Oxfam said in a new report.
While the poorest half of humanity saw their wealth dwindle by 11%, billionaires' riches increased by 12%. The mega-wealthy have also become a more concentrated bunch. Last year, the top 26 wealthiest people owned $1.4 trillion, or as much as the 3.8 billion poorest people. The year before, it was the top 43 people.
[...] To address many of these ills, Oxfam advocated raising taxes. It estimated that a 1% wealth tax would be enough to educate 262 million out of school children and to save 3.3 million lives. As of 2015 returns, Oxfam says that only four cents in every tax dollar collected globally came from tariffs on wealth, such as inheritance or property. The report also claims that the rich are hiding $7.6 trillion in offshore accounts
Previously: Only 1% of World's Population Grabbed 82% of all 2017 Wealth
(Score: 0) by Anonymous Coward on Tuesday January 22 2019, @07:25PM (1 child)
You do realize that the actual work of running a large business is done by other people yes? Greedy fuckers and their jealous guarding of the ownership model.
(Score: 1) by khallow on Tuesday January 22 2019, @07:47PM
And? Their actual work would be pretty useless without the collective infrastructure and organization of the business that employs them.
It's a poorly kept secret. One should be wondering why the ownership model has so few owners despite a few centuries of demonstration that it works really well.