New estimates show that just eight men own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. Our economy must stop excessively rewarding those at the top and start working for all people.
Together we must even it up and stop inequality from undermining our fight against poverty. Check out our animation video and join our campaign now to close the gap between the rich and the rest.
Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
Oxfam is deeply concerned about the worsening levels of violence, murder and repression against the men and women defending human rights in Latin America. This situation is linked to an economic model that fosters extreme inequality and has a negative impact on people’s basic rights.
Tax havens are fuelling inequality and poverty. Meet Nellie, a teacher, and Vitumbiko, a nurse, from Malawi, as they tell us how tax dodging is hurting people’s chances to escape poverty in Malawi. And act now.
Tax revenue that should be helping to fund essential services in Malawi and other poor countries is disappearing at an alarming rate, held offshore in tax havens. Find out more about how this is impacting the life of the majority of the citizens. And what you can do about it.
Generational inequality has grown at an alarming rate, paralleling the rise in the gap between rich and poor. Despite their potential and strength in numbers, youth continue to be culturally and politically marginalized. With the support of their elders however, they could be instrumental in finding solutions to the challenges of poverty.
Today’s World Wealth Report from Capgemini shows that times have never been better for the world’s wealthiest - since 2009 more than 4.5 million new millionaires have been created, rising to a total of 15.4 million millionaires across the world last year. Yet while the wealthy prosper, 702 million people living in extreme poverty are being left behind.
Unfair tax practices are fuelling staggering inequality and holding back the fight against poverty around the world. It's time to end the era of tax havens. Find out how it works and what you can do about it.
This report examines the sharp rise in inequality in Malawi between 2004/5 and 2010/11. The authors warn that unless the government takes action, many more Malawians will live in poverty by 2020.