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DAVOS, Switzerland | Oxfam says world wealth gap widening, advocates fairer taxes

DAVOS, Switzerland | Oxfam says world wealth gap widening, advocates fairer taxes

DAVOS, Switzerland — January 20, 2019—  Wealth inequality around the world is “out of control” and doing particular harm to women, anti-poverty campaigner Oxfam warned Monday ahead of the annual gathering of business and political leaders in the Swiss ski resort of Davos.

Oxfam, which has for years been trying to bring attention to the issue ahead of the World Economic Forum, said in a report that billionaire fortunes increased by 12 percent last year — the equivalent of $2.5 billion a day — while the 3.8 billion people who make up the world’s poorest half saw their wealth decline by 11 percent.

Continue reading DAVOS, Switzerland | Oxfam says world wealth gap widening, Advocates Fairer Taxes at STL.News.



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