The $240 billion net income of the world's 100 richest billionaires would have ended poverty four times over, according to the London-based group [Oxfam]'s report released on Saturday.
[...]
The group says that the world's richest one percent have seen their income increase by 60 percent in the last 20 years, with the latest world financial crisis only serving to hasten, rather than hinder, the process.
[...]
"We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true," said Jeremy Hobbs, an executive director at Oxfam.
[...]
In a statement, Oxfam warned that "extreme wealth and income is not only unethical it is also economically inefficient, politically corrosive, socially divisive and environmentally destructive."
[...]
Closing tax havens, the group said, could yield an additional $189bn in additional tax revenues. According to Oxfam's figures, as much as $32 trillion is currently stored in tax havens.
alJazeera
[...]
The group says that the world's richest one percent have seen their income increase by 60 percent in the last 20 years, with the latest world financial crisis only serving to hasten, rather than hinder, the process.
[...]
"We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true," said Jeremy Hobbs, an executive director at Oxfam.
[...]
In a statement, Oxfam warned that "extreme wealth and income is not only unethical it is also economically inefficient, politically corrosive, socially divisive and environmentally destructive."
[...]
Closing tax havens, the group said, could yield an additional $189bn in additional tax revenues. According to Oxfam's figures, as much as $32 trillion is currently stored in tax havens.
alJazeera
...but hey, do what you want...you will anyway.
No comments:
Post a Comment