Global wealth flowing to the richest: Study
The richest one percent are likely to control more than half of the globe’s total wealth by next year, the charity Oxfam reported in a study released on Monday.
The warning about deepening global inequality comes just as the world’s business elite prepare to meet this week at the annual World Economic Forum in Davos, Switzerland, reports The New York Times.
Unless things change, by 2016 wealth of the top 1% will exceed that of the rest of the world http://t.co/o1EwiTc6xRpic.twitter.com/B9osgHR4Ee
— Oxfam International (@Oxfam) January 19, 2015
Rising #inequality & climate change are defining challenges of our time. You can help: http://t.co/ONSAl4jeRJ#wef15pic.twitter.com/B4ee6BVYvf
— Oxfam International (@Oxfam) January 16, 2015
The 80 wealthiest people in the...
