The richest 85 individuals hold wealth
equivalent to that owned by the bottom half of the world's population, a
report says. Ref: worldwide development organisation Oxfam,
titled 'Working For the Few', published ahead of the World Economic
Forum meet in Davos.
"Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population," Oxfam claimed.
My view is ...
1) these people should be taxed 95%
2) These people's political power should own feeding all people under poverty line.
3) Government should make that mandatory that these people should own each poor country and help eradicate illeteracy in that country
4) Any money in Swiss bank should go to a TRUST which solves water problem thro out the world
Oxfam wants governments to take urgent action to reverse the trend. It is asking those attending the World Economic Forum (WEF) to make six-point personal pledge to tackle the problem.
"It is staggering that in the 21st Century, half of the world's population own no more than a tiny elite whose numbers could all sit comfortably in a single train carriage," Oxfam Executive Director Winnie Byanyima said.
The report alleged that the richest individuals and companies in the world hide trillions of dollars away from the tax man in a web of tax havens around the world. "It is estimated that USD 21 trillion is held unrecorded and off-shore," it said.
The report further added that in India, the number of billionaires increased tenfold in the past decade, aided by a highly regressive tax structure and the wealthy exploiting their government connections, while spending on the poorest remains remarkably low.
God.. Are you the one who can make wonders????? :) Could you try solving this issue ? heheheh :)
"Wealthy elites have co-opted political power to rig the rules of the economic game, undermining democracy and creating a world where the 85 richest people own the wealth of half of the world’s population," Oxfam claimed.
My view is ...
1) these people should be taxed 95%
2) These people's political power should own feeding all people under poverty line.
3) Government should make that mandatory that these people should own each poor country and help eradicate illeteracy in that country
4) Any money in Swiss bank should go to a TRUST which solves water problem thro out the world
Oxfam wants governments to take urgent action to reverse the trend. It is asking those attending the World Economic Forum (WEF) to make six-point personal pledge to tackle the problem.
"It is staggering that in the 21st Century, half of the world's population own no more than a tiny elite whose numbers could all sit comfortably in a single train carriage," Oxfam Executive Director Winnie Byanyima said.
The report alleged that the richest individuals and companies in the world hide trillions of dollars away from the tax man in a web of tax havens around the world. "It is estimated that USD 21 trillion is held unrecorded and off-shore," it said.
The report further added that in India, the number of billionaires increased tenfold in the past decade, aided by a highly regressive tax structure and the wealthy exploiting their government connections, while spending on the poorest remains remarkably low.
God.. Are you the one who can make wonders????? :) Could you try solving this issue ? heheheh :)
