Oxfam's report indicates that inequality in wealth distribution has increased significantly since past year when it had said that 62 of the world's richest people own half its wealth.
REUTERS/Carlos BarriaA homeless woman sits on a bench few blocks away from the White House in downtown Washington, September 1, 2015.
Oxfam Chief Executive Dr Helen Szoke said Australia had not escaped the trend, with an Oxfam analysis showing the country's richest two billionaires, who are worth Dollars $16.1 billion (AUD $21.6) between them, own more than the poorest 20 per cent of the population.
As the world's elite gather for their annual worldwide gabfest in Davos, Switzerland for the World Economic Forum, Oxfam's timely report is a good reminder that global wealth is dangerously concentrated in the hands of an unaccountable and filthy rich few.
The report, An Economy for the 99%, discovered that the 8 richest men in the world, from Bill Gates to Michael Bloomberg, have a net combined worth of $426 billion which is equal to the combined wealth of 3.6 billion people.
Obscenely rich, if a new report by Oxfam, an worldwide confederation of charitable organisations, is to be believed.
That's a stunning change from just three years ago, when Oxfam found that 85 people carried that much wealth.
New researchreleased today by Oxfam shows that the richest one percent of New Zealanders hold 20 percent of the country's total wealth, while 90 percent of the population account for less than half the nation's wealth. "The fact that a super-rich elite are able to prosper at the expense of the rest of us at home and overseas shows how warped our economy has become".
The richest men - including Bill Gates, Amazon boss Jeff Bezos and Facebook founder Mark Zuckerberg - have the same amount of money as the poorest 3.6 billion people in the world.
"From Brexit to the success of Donald Trump's presidential campaign, a worrying rise in racism and the widespread disillusionment with mainstream politics, there are increasing signs that more and more people in rich countries are no longer willing to tolerate the status quo", the report said. During the next two decades, 500 people will leave $2.1 trillion in wealth to their heirs, or more than the GDP of India. "This wouldn't just be the right thing to do, a more fair economy would also be simple common sense and enormously popular with New Zealanders", she said. We've got a situation where billionaires are paying (proportionally) less tax often than their cleaner or their secretary.
Oxfam urged an increase in tax rates for "rich individuals and corporations", adding that tax evasion is a critical issue. "But we're also seeing that this extreme concentration of wealth is undermining democracy".
In the United States, by contrast, billionaires have frequently chosen to cash out of their businesses, and their wealth has not lasted so long.
"An obvious immediate solution to this growing inequality would be to more fairly tax wealth, rather than income, and use the revenue to better fund health, education and housing".
The fitness fanatic has stripped down to a slinky leotard to show off her killer figure in a string of smokin' hot images. Meanwhile, Khloe previously revealed she used the gym as a "stress reliever" after her split from Lamar .
When a user opens the Google Maps ride services mode, they'll now see pricing and options from the ride-hailing providers. Clicking on a service will pull up ride options as well as any special offers or promotions.
No European price or launch date has been revealed, but in the U.S. , this will be sold for $79.99 and will see release in August. It's worth noting that this isn't created to be used as an emulator though - you'll need to use cartridges to play any games.
Inside, the cars get standard sport seats finished in leather and Alcantara and feature GTS logos in the headrests. All GTS models also come with the new Porsche Track Precision App as part of the standard Sport Chrono Package.
As a rough index, MSRPs in the Stinger's target segment typically range from about $35,000 to a little over $50,000. This being a static unveil at the Detroit Motor Show, we can't say, but the ingredients look very positive.
Police say the boy asked a 13-year-old girl for a McNugget at a McDonald's near East 103rd Street and Third Avenue on Tuesday. Cops have not found the gun, which law-enforcement sources said the boy would often show off to other kids.
King's dream and share in this great day with the residents of Columbus who attend and support this event each year". On behalf of IUPUC, she adds, "We look forward to the opportunity hear from students who are now living Dr.
The Black Diamond bag Oye wore costs $1,100 (£900, AU$1,470), and his friends recently gave it to him as a gift. A Whistler, B.C., snowboarder can thank his inflatable avalanche backpack for saving his life Wednesday.
Lord Snowdon, the former husband of Princess Margaret, has died peacefully at the age of 86 a family spokesperson has announced. The motorbike-riding celebrity photographer also made headlines throughout the years - often for controversial reasons.
Bahrainis in Mourning after Three Dissents Executed
Protests and clashes continued Sunday despite a heavy presence of riot police deployed in predominantly Shiite areas. Amnesty International's Bahrain Deputy Director for Campaigns in Beirut, Samah Hadid said condemned the executions.
Obama Administration To Loosen Sanctions Against Sudan
"The Obama administration's decision to "ease" sanctions is inexplicable ", said Leslie Lefkow of Human Rights Watch. The country's long-time leader President Omar al-Bashir is wanted by the International Criminal Court for War Crimes.
Galaxy S8 Revealed In First Leaked Image?
So yes, I do think both these images represent something close to what Samsung will soon unveil and for this they prove useful. All sources are pointing to the idea that the Galaxy S8 will go on sale in April, with several suggesting a date of 18 April.