OMG!!! Only 62 Super-rich People Are Richer Than Half Of The World’s Population

 

The world’s richest 62 people now own as much wealth as half of the world’s population, according to a report by the charity Oxfam. Super-rich individuals saw an increase of 44 percent since 2010, taking their cumulative wealth to $1.76 trillion – equivalent to the total owned by 3.5 billion of the world’s poorest people. The UK-based charity on Monday also said tax havens were helping corporations and individuals stash away about $7.6 trillion, depriving governments of $190bn in tax revenue every year.

Speaking to Al Jazeera, Oxfam Australia’s Chief Executive Helen Szoke said there were no appropriate mechanisms to check if wealth was being shared appropriately. “We believe there is a need for commitments from global business leaders and political leaders for major tax reform to get rid of the tax havens,” Szoke said. “There’s too much leakage of what should be paid in taxation exacerbating this gap [between rich and poor].”

Referring to economic growth in Western countries, such as her native Australia, Szoke said little wealth was reaching the impoverished. “The startling figure in our domestic context in Australia is that where there has been wealth generation in the last decade, none of that has actually trickled down to some of the Australians who are poor.”


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