Richness of the richest 1% equals that of the remaining 99%

The richest 1% of the world already has as much wealth as the rest of the planet's inhabitants, the non-profit organization Oxfam warned Monday. The organization bases its claims on a recent report by financial services company Credit Suisse, based in Switzerland, which also shows that the 62 richest people in the world have as much wealth as half of the poorest people on Earth. . In its report, Oxfam urges leaders who will attend the World Economic Forum that begins this week in Davos, Switzerland, to implement actions that promote equality. And the nongovernmental organization also criticizes the influence exerted by pressure groups and the amount of money deposited in tax havens. In January 2015, Oxfam had projected that 1% of the wealthy would surpass the rest of the world "soon". Warning To be part of the wealthiest 10% of the planet it is necessary to have cash and assets valued at US $ 68,800, while to enter the 1% you need a wealth of about US $ 760,000. Oxfam says it's time for world leaders to confront powerful individual interests. That means, for example, that whoever has an average house in London without a mortgage, probably enters the select 1%. The figures that formed the basis for the Oxfam report, however, have some limitations that must be taken into account. recognizes that information about the wealth of the superrich is difficult to obtain. And, therefore, the company indicates that its estimates of the proportion of wealth that holds 10% and 1% "would probably err on the low side". In addition, as it is a global report, the figures also include estimates of wealth levels in countries for which there is no accurate information available. Oxfam indicated that the fact that 62 of the richest people in the world have as much wealth as the poorest 50% of the population is a clear demonstration of the concentration of wealth in a few hands, especially taking into account that in 2010 they were 388 people needed to match the wealth of the poorest 50%. "Instead of having an economy that works for the prosperity of all, for future generations and for the planet, we have created an economy for 1%," says the NGO in its report. The trend analyzed by the Credit Suisse report indicates that the proportion of wealth held by 1% fell gradually from 2000 to 2009, but since then it has been increasing every year. Measurements Oxfam has called for governments to take action to reverse this trend. Since 2015, the British organization has registered a drastic increase in global inequality. The organization asks that the workers be paid a living wage and that the gap created by the rewards for executives be narrowed. It has called for an end to the gender wage gap and the care of unpaid persons and for the promotion of equal rights of possession and inheritance of land for women. It also urges governments to implement measures that reduce the influence of lobbying in decision-making and to lower the prices of medicines, to impose taxes on wealth and not on consumption and for public spending to be used. to stop the inequality. Ecoportal.net BBC http://www.bbc.com/ If you find this note interesting, do not hesitate to share it. Your contacts will be grateful. Here you can also subscribe to our weekly and FREE electronic publication To subscribe to our Weekly News Publication, place your e-mail below These articles may also interest you