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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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Oxfam: 42 rich people own half of the world's poor

rocky
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Oxfam: 42 rich people own half of the world's poor Empty Oxfam: 42 rich people own half of the world's poor

Post by rocky Tue 23 Jan 2018, 2:45 am

Oxfam: 42 rich people own half of the world's poor


Oxfam: 42 rich people own half of the world's poor 5286
A report by Oxfam said 42 wealthy people had a fortune equal to
 50 percent of the world's poor. It therefore called for action to address the growing gap between the rich and the rest of the world.
Oxfam said that the rich, who make up 1% of the world's population, have achieved additional wealth, enough to eradicate poverty seven times or more.
In its annual report on wealth inequality, it said a boom in the economy allowed a small group of rich families to take over 82 percent of the new wealth that grew last year, while 3.7 billion of the world's poor did not see any increase in their wealth.
The wealth of the world's wealthiest people has increased since 2010, six times faster than that of ordinary workers whose wealth grew at an annual rate of only 2 percent. The number of HNWIs increased at an unprecedented rate between March 2016 and the same month of 2017.
The report said the CEO of one of the world's fashion brands takes only 4 days to earn what Bangladeshi workers can earn in garment factories all their lives. In the United States, it may take more than one day for the CEO to earn the average worker a full year.
The Oxfam report refers to the main factors that lead to the flow of bonuses to shareholders and corporate heads at the expense of workers' wages and conditions. These factors include the erosion of workers' rights, the excessive influence of large businesses on government policy-making, as well as the corporate campaign to reduce costs in order to maximize returns to shareholders.
The report also noted that, with current rates of change, it would take 217 years to close the wage and employment gap between women and men.
He also called on the rich to pay their share of taxes and increase spending on public services such as health care and education.
Oxfam estimates that a 1.5 percent global tax on rich people's wealth would suffice to pay each child's bill to go to school.
Oxfam's survey, with 70,000 participants from 10 countries, showed that a third of respondents believed that the gap between rich and poor needed urgent attention.
The launch of the report comes at a time when the political and trade elites of the World Economic Forum meet in Davos, Switzerland.
"The growth of the world's rich is not a sign of economic prosperity, it is a symptom of the failure of the economic system," said Winnie Pianima, Executive Director of Oxfam International. "People who make our clothes, collect our phones and grow our food are being exploited to ensure a steady supply of cheap goods and inflation Profits of companies and investors ".
Women also often find themselves at the bottom of the pile, and women all over the world earn less than men, usually in the lowest paid and less secure forms of employment, "Pianma adds.
Oxfam, which is active in the humanitarian field, calls for ensuring the functioning of economic systems to serve all, not just the fortunate few. It calls for a reduction in the revenues of shareholders and senior executives, and to ensure that all workers receive a minimum wage, which would enable them to obtain a decent kind of life. In Nigeria, for example, the minimum legal wage should be tripled to ensure decent living standards, eliminate the wage gap between the sexes and protect the rights of women workers.





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