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    The Cost of Inequality: How wealth and income extremes hurt us all

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    mb-cost-of-inequality-180113-en.pdf
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    Description:
    English briefing
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    Author(s)
    Slater, Jon
    Publication date
    2013-01-18
    Subject
    Governance and citizenship
    Inequality
    Keywords

    Media
    Taxation
    
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    Publisher(s)
    Oxfam International
    Document type
    Media briefing
    Description
    An explosion in extreme wealth and income is exacerbating inequality and hindering the world's ability to tackle poverty. The $240 billion net income in 2012 of the richest 100 billionaires would be enough to end extreme poverty four times over, according to this Oxfam media briefing. It calls on world leaders to curb today's income extremes and commit to reducing inequality to at least 1990 levels. Jeremy Hobbs, Executive Director, Oxfam International, said: 'We can no longer pretend that the creation of wealth for a few will inevitably benefit the many - too often the reverse is true. Concentration of resources in the hands of the top one per cent depresses economic activity and makes life harder for everyone else - particularly those at the bottom of the economic ladder.'
    Pages
    5
    URI
    http://hdl.handle.net/10546/266321
    Additional Links
    https://policy-practice.oxfam.org.uk/publications/the-cost-of-inequality-how-wealth-and-income-extremes-hurt-us-all-266321
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