[Economic]
42 People Own the Same Wealth as the Bottom 3.7 Billion, Says Report
by Amanda Froelich
Posted March 12, 2018

obvious that this is not sustainableRepeat after me: “I am free.” Now, say it again with conviction. Can you? Probably not. This is because the world we collectively share is anything but fair, and this is largely due to an imbalanced distribution of wealth. If you are doubtful, perhaps a new report by Oxfam will convince you. In their recent report, entitled “Reward Work, Not Wealth“, the non-profit organization reveals that 82 percent of the wealth created in 2017 “went to the richest one percent.”

According to the report, 2017 “saw the biggest increase in the number of billionaires in history.” 42 people now “own the same wealth as the bottom 3.7 billion people,” says the report. The trend is nothing new, but is becoming more noticeable as “the richest one percent continue to own more wealth than the whole of the rest of humanity.” More…