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The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday. ... Oxfam used Forbes’ billionaires list that was last published in March 2016 to make its headline claim. According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of ranking, are Amancio Ortega, the Spanish founder of fashion house Inditex, financier Warren Buffett, Mexican business magnate Carlos Slim Helu, Amazon boss Jeff Bezos, Facebook creator Mark Zuckerberg, Oracle’s Larry Ellison and Bloomberg, the former mayor of New York.
Oxfam outlined measures that it hopes will be enacted to help reduce the inequality.
They include higher taxes on wealth and income to ensure a more level playing field and to fund investments in public services and jobs, greater cooperation among governments on ensuring workers are paid decently and the rich don’t dodge their taxes. And business leaders should commit to paying their fair share of taxes and a living wage to employees.
Max Lawson, Oxfam’s policy adviser, urged billionaires to “do the right thing,” and to do “what Bill Gates has called on them to do, which is pay their taxes.” ... It’s because of this kind of inequality that trust in institutions has fallen sharply since the global financial crisis of 2008, according to Edelman, one of the world’s biggest marketing firms.
originally posted by: Snarl
originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.
Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.
originally posted by: jellyrev
a reply to: IgnoranceIsntBlisss
Does anyone know the net worth of various rothchilds?
originally posted by: infolurker
a reply to: ugmold
If you make $22,000 a year, you are in the top 10% of rich people in the world.
If you make $33,500 a year, you are among the richest 5% in the world.
If you make $70,000 a year, you are in the top 1% (actually 0.9%)
If you make $100,000 then you are among the richest 0.2% of the worlds population
If you make $133,000, YOU are the richest 0.1% of the worlds population!
www.worldwealthcalculator.org...
originally posted by: ugmold
originally posted by: Snarl
originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.
Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.
So basically you are saying this is a non issue and raising the middle finger to it.
originally posted by: infolurker
a reply to: ugmold
If you make $22,000 a year, you are in the top 10% of rich people in the world.
If you make $33,500 a year, you are among the richest 5% in the world.
If you make $70,000 a year, you are in the top 1% (actually 0.9%)
If you make $100,000 then you are among the richest 0.2% of the worlds population
If you make $133,000, YOU are the richest 0.1% of the worlds population!
www.worldwealthcalculator.org...
originally posted by: infolurker
a reply to: ugmold
If you make $22,000 a year, you are in the top 10% of rich people in the world.
If you make $33,500 a year, you are among the richest 5% in the world.
If you make $70,000 a year, you are in the top 1% (actually 0.9%)
If you make $100,000 then you are among the richest 0.2% of the worlds population
If you make $133,000, YOU are the richest 0.1% of the worlds population!
www.worldwealthcalculator.org...
originally posted by: ugmold
originally posted by: Snarl
originally posted by: ugmold
Meanwhile we put one of the 1% in The Whitehouse. Nice Job.
Half the World's population is in debt. I have more wealth than half the world's population by Oxfam's definition. And, I know I have exactly $50 cash in my wallet.
So basically you are saying this is a non issue and raising the middle finger to it.