GRAPHICS – The wealth in the world are focusing more and more in the hands of a small wealthy elite, according to Oxfam. The NGO called for a world summit on taxation.
“The wealth in the world are focusing more and more in the hands of a small elite wealthy, “the latest report from Oxfam. In this study, “insatiable wealth ever for those who already have everything,” the international organization is sounding the alarm bell
In 2016, the richest 1% of the world population possess. more wealth than the remaining 99%, says the NGO. “The share of global wealth held by the richest 1% from 44% in 2009 to 48% in 2014 and will exceed 50% in 2016,” she says.
Three major sectors are in the eye of the organization. “The rich have parlayed their wealth through activities and interest received in some important sectors,” says the report. The area of finance and insurance, the health and pharmaceutical sectors are the main sectors have contributed to the accumulation of wealth of billionaires.
“These are powerful sectors for some time, says Manon Aubry, head of advocacy on issues of social justice and inequality Oxfam. The enrichment of the few sectors is an international phenomenon, these companies have a vested interest because they have a significant financial mass. ”
The international organization also points to the lack of transparency of lobbying activities of these companies. “They investment maximum resources to influence the rules, so that they in their favor,” says Manon Aubry. Besides better supervision of these activities, the NGO wants the fight against extreme economic inequality appears “as one of the goals of the post-2015 agenda.”
Present at the World Economic Forum in Davos, which opens Wednesday in Switzerland, the executive director of the NGO, Winnie Byanyima, called world leaders “to implement redistributive policies the money and power of the privileged few to as many. ” It also calls for the organization of a global summit on taxation for “rewrite international tax rules.”
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