Oxfam: Annual income of richest 100 people enough to end global poverty four times over

I’m not sure there is need to add much more than the title. But here are a few quotes from a new release from Oxfam:

“The $240 billion net income in 2012 of the richest 100 billionaires would be enough to  make extreme poverty history four times over, according Oxfam’s report”

“The richest one per cent has increased its income by 60 per cent in the last 20 years with the financial crisis accelerating rather than slowing the process.”

“Concentration of resources in the hands of the top one per cent depresses economic activity and makes life harder for everyone else – particularly those at the bottom of the economic ladder.”

“From tax havens to weak employment laws, the richest benefit from a global economic system which is rigged in their favour. It is time our leaders reformed the system so that it works in the interests of the whole of humanity rather than a global elite.”

So: 100 people, in one year, could end poverty 4 times. And the inequalities are getting worse. …

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