STUNNING:'Power Grab' by wealthy elites : 85 richest people as wealthy as poorest half of the world
Oxfam: 85 richest people as wealthy as poorest half of the world
As World Economic Forum starts in Davos, development charity claims that growing inequality has been driven by a 'power grab' by wealthy elites
The world's wealthiest people aren't known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.
The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world
"In developed and developing countries alike we are increasingly living in a world where the lowest tax rates, the best health and education and the opportunity to influence are being given not just to the rich but also to their children.
This "capture of opportunities" by the rich at the expense of the poor and middle classes has led to a situation where 70% of the world's population live in countries where inequality has increased since the 1980s and 1% of families own 46% of global wealth - almost £70tn.
more:
http://www.theguardian.com/business/2014/jan/20/oxfam-85-richest-people-half-of-the-world
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