Mar Elias Evangelisation

8 men own same wealth as half the world

Oxfam's head of policy:

"If billionaires choose to give their money away then that is a good thing. But inequality matters and you cannot have a system where billionaires are systematically paying lower rates of tax than their secretary or cleaner"

The press release:

"It details how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few."

"Oxfam’s blueprint for a more human economy includes: Governments support companies that benefit their workers and society rather than just their shareholders. The multi-billion Euro company Mondragon, is owned by its 74,000 strong workforce. All employees receive a decent wage because its pay structure ensures that the highest paid member of staff earns no more than 9 times the amount of the lowest paid"

The January 2017 report:

"the world’s 10 biggest corporations together have revenue greater than the government revenue of 180 countries combined"

Oxfam 2017 report: https://www.oxfam.org/en/pressroom/pressreleases/2017-01-16/just-8-men-own-same-wealth-half-world http://fortune.com/2017/01/16/world-richest-men-income-equality/

The previous 2016 report: https://www.oxfam.org/en/pressroom/pressreleases/2016-01-18/62-people-own-same-half-world-reveals-oxfam-davos-report