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2018 .. The rich became richer and the destitution of the poor rose

rocky: NNP TEAM; Posts : 208260
Join date : 2012-12-21

Post n°1

2018 .. The rich became richer and the destitution of the poor rose

by rocky Tue 22 Jan 2019, 3:58 am

2018 .. The rich became richer and the destitution of the poor rose

Statistics of the rich and poor about the year 2018 around the world a bit shocking, as it showed the extent of the gap between the total funds held by the two sides.

The rich are getting richer

Oxfam said in its annual report on global wealth development that wealth of the richest men in the world increased by 900 billion dollars last year, or 2.5 billion dollars per day.

Wealthy people now have more wealth than ever before. In terms of numbers, between 2017 and 2018 a new rich was born every two days, bringing the total number of billionaires around the world to 2208 billionaires, the highest level ever, which is higher than the level recorded at the time of crisis Global Finance at 1125 individuals.

More specifically, the richest man in the world, Jeff Bezos, saw an increase of $ 11 billion last year to $ 112 billion, with 1% of his wealth equal to the total healthcare budget in Ethiopia, which has a population of 105 million.

What happened to the poor?

The poor seem to have grown poorer in 2018, with the fact that extreme poverty is increasing in Sub-Saharan Africa, where 3.4 billion people, half of humanity, live on less than $ 5.50 per day.

The wealth of the poorest half of the world's population has fallen by about 11% last year. Not only that, the wealth of the richest 26 people around the world is the total wealth of the poorest half of the world's population.

The tax system is unfair

The data show that corporate tax rates in rich countries have fallen from 62 per cent in 1970 to 38 per cent in 2013, and that the tax rate in poor countries is currently 28 per cent.

In some countries, such as Brazil and Britain, the poorest 10% paid more than the 10% richer income tax.

The report therefore advises governments to focus their efforts on raising more money than any rich to help fight inequality.

Oxfam gives an example by making 1% of richer individuals pay an additional 0.5%, which could increase funds, educate all 262 million children out of school, and provide health care that would save 3.3 million lives.

As a result, the richest people in some countries pay the lowest tax rates in a century, and in Latin America, for example, the actual tax rate for the top 10% of the population is only 4.8%.

Not only are the lower tax rates paid by the rich compared to the poor, but the $ 7.6 trillion is protected by tax-rich financiers, and companies hide huge amounts of money out of the country, both of which deprive developing countries of $ 170 billion annually.

Racism interferes with the size of wealth

The wealth gap played the role of the sons of one nation but of different origins, as the white American has a wealth 100 times greater than that of a Latino woman.

On the basis of gender, the total wealth of men in the world is about 50% higher than the total wealth of women, and women are paid about 23% less than men.

In Africa and countries such as India, Pakistan and Bangladesh, the wealth of women is equivalent to about 20% to 30% of the total wealth of individuals.

American men with unmarried white skin are 100 times richer than the wealth of unmarried Hispanic women.

Source: Mubasher

http://economy-news.net/content.php?id=15170