The world’s billionaires are growing $2.5 billion richer every day

Billionaires have more wealth than ever before, according to Oxfam International.
The annual study was released ahead of the World Economic Forum, which brings together some of the world’s wealthiest and most influential people. The 106-page report is meant to call attention to the growing gap between rich and poor.
The world’s billionaires are growing $2.5 billion richer every day, while the poorest half of the global population is seeing its net worth dwindle.
The combined fortunes of the world’s 26 richest individuals reached $1.4 trillion last year — the same amount as the total wealth of the 3.8 billion poorest people.
A possible solution:
Oxfam recommends that nations tax wealth at fairer levels, raise rates on personal income and corporate taxes and eliminate tax avoidance by companies and the super-rich. It also advocates providing universal free health care, education and other public services — and ensuring that women and girls also benefit.
– From CNN Business’ Jordan Valinsky and Tami Luhby, January 22, 2019

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