Published On: Mon, Jan 16th, 2017

Top eight richest own as much wealth as the poorer half of world











Exposing the cruel and wicked reality behind the distribution of the global wealth, prompting the authorities to take proper measures to reduce the wealth gap between the super wealthy and the poorer half, Oxfam, a pro-poor and anti-poverty organisation, while presenting its findings in the annual function of the global political and business elites, has informed the representative with the survey evidence that the gap between the rich and poor are widening, and the top eight richest people- Microsoft founder Bill Gates, Inditex founder Amancio Ortega, Warren Buffett, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Bloomberg- own as much wealth as the poorer half of the world, which constitutes nearly 3.6 billion people. The organisation points out that the recent political developments like the Brexit and the victory of Republican candidate Trump in the US are the indirect reflection of the people’s disagreement and concerns over the improper and unfair distribution of the global wealth, which is supposed to be distributed among its people equally and fairly. It further indicates that unless and until the issue is properly addressed and sorted out the unfair practice would continue to make some strange political changes. In the report, the organisation also gives some solution to the issue: proper tax system, higher taxes on wealth, decent wage pay, and much more. Earlier, the Panama revelation exposed how the wealthy people hide their wealth in the foreign tax heavens. It is learned that the government should formulate some feasible measures or policies to bring down the crisis. But, a survey report claims that nearly fifty-three per cent of the population do not believe that the system could make any concrete changes in the wealth distribution.


Photo Courtesy : Google/ images may be subject to copyright

About the Author

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

Facebook Auto Publish Powered By :


Top eight richest own as much wealth as the poorer half of world