Location : Wabbit Hole
Job/hobbies : Cayman Islands Actuary
|Subject: Is it really that disturbing that 8 Billionaires own as much as 3.6 Billion people? Sat Feb 04, 2017 8:56 pm|| |
|Just eight of the richest people on earth own as much combined wealth as half the human race according to a recent report by Oxfam.|
Interestingly they’re all male, but that’s another story.
Winnie Byanyima, Executive Director of Oxfam International, said:
“It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day. Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy.”
Oxfam states that since 2015, the richest 1% of the world own more than the other 99%.
Also read: Record surplus to boost profits, wages
These statistics are even more striking if you view them visually.
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