ASSOCIATED PRESS: The world’s richest people saw their percentage of the global wealth jump to 48 percent in 2014.
ASSOCIATED PRESS: The world’s richest people saw their percentage of the global wealth jump to 48 percent in 2014.
“Do we really want to live in a world where the 1 percent own more than the rest of us combined?” Winnie Byanyima, Oxfam’s executive director, said in a statement. “The scale of global inequality is quite simply staggering, and despite the issues shooting up the global agenda, the gap between the richest and the rest is widening fast.”
While world leaders such as President Barack Obama and International Monetary Fund chief Christine Lagarde have talked about tackling extreme economic inequality “we are still waiting for many of them to walk the walk,” Byanyima said.
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