Breaking News

Who will close the gap between rich and poor?

Our economic system is broken and is overwhelmingly favouring the rich. That’s the message from an Oxfam International report which was released as the 50th World Economic Forum got under way in Davos, Switzerland.

The UK-based charity found the number of billionaires has doubled over the past decade to reach more than 2,000.

They control more money than 4.6 billion of the poorest people on Earth.

If the two richest men sat on their fortune piled up in $100 notes, they would be in outer space, the report said, while most people – particularly women – would be sitting on the floor.

The charity says the gap is widening because governments are failing to ensure wealthy people and corporations pay enough tax.

Presenter:

Martine Dennis

Guests:

Daragh McDowell – Head of the Europe branch at Verisk Maplecroft global risk and strategic consulting firm

Max Lawson – Head of policy on inequality at Oxfam International

Matthew Lesh – Head of research at the Adam Smith Institute

Source: Al Jazeera News

Article source: https://www.aljazeera.com/programmes/insidestory/2020/01/close-gap-rich-poor-200121193602793.html

Related posts

Broker startup launches word for visa rejection

Times of News

Military, police chiefs hold dialog with Papuan leaders in Biak

Times of News

Netanyahu, Putin to meet as Russia condemns annexation plan

Times of News