The Last Of The Millenniums

Just because it always has been, doesn't mean it always will be

Austerity – ‘Oxfam: 85 richest people as wealthy as poorest half of the world’

austerrity

 

Working for the Few - Oxfam report

85 people vs 3,500,000,000.

This is why we need to cut social programs.

Because these ‘poor’ people are draining our resources.

‘The world’s wealthiest people aren’t known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker’.

‘The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world’.

‘Winnie Byanyima, the Oxfam executive director who will attend the Davos meetings, said: “It is staggering that in the 21st Century, half of the world’s population – that’s three and a half billion people – own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus.”
From : http://www.theguardian.com/business/2014/jan/20/oxfam-85-richest-people-half-of-the-world

The report, ‘Working For The Few’ is here : http://www.oxfam.org/sites/www.oxfam.org/files/bp-working-for-few-political-capture-economic-inequality-200114-summ-en.pdf

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5 thoughts on “Austerity – ‘Oxfam: 85 richest people as wealthy as poorest half of the world’

  1. Quite the contrary, they stole from and drained, the poor. That’s why they r rich, and the poor is poor. Speaks for itself.

  2. Thanks for the post!

  3. Thanks for the post!

  4. I’ve been having some thoughts about how we solve this income inequality problem – feel free to let me know what you think. It’s on Politicoid

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