World's 26 richest own same as poorest half of humanity: Oxfam
View of yachts as seen from La Mansa beach in Punta del Este, Maldonado, 140 km east of Montevideo on January 16, 2019. Billionaires around the world saw their combined fortunes grow by $2.5 billion each day in 2018, Oxfam report shows. PHOTO | MIGUEL ROJO | AFP
The 3.8 billion people at the bottom of the scale saw their wealth decline by 11 percent last year, Oxfam says.
Oxfam warns that governments are exacerbating inequality by increasingly underfunding public services like healthcare and education.
In the United States, new congresswoman Alexandria Ocasio-Cortez made headlines earlier this month by proposing to tax the ultra-rich up to 70 percent.
DAVOS,
The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality.
