The world's 100 richest people earned a stunning total of $240
billion in 2012 – enough money to end extreme poverty worldwide four
times over, Oxfam has revealed, adding that the global economic crisis
is further enriching the super-rich.
“The richest 1 percent has increased its income
by 60 percent in the last 20 years with the financial crisis
accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report said. The report highlights that even politics has become controlled by the super-wealthy, which leads to policies “benefitting the richest few and not the poor majority, even in democracies.” ***Read article at RT***
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