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World’s 26 richest people own as much as poorest 50%, says Oxfam

Posted in policy

Oxfam’s director of campaigns and policy, Matthew Spencer, said: The massive fall in the number of people living in extreme poverty is one of the greatest achievements of the past quarter of a century but rising inequality is jeopardising further progress.


It said the widening gap was hindering the fight against poverty, adding that a wealth tax on the 1% would raise an estimated $418bn (£325bn) a year – enough to educate every child not in school and provide healthcare that would prevent 3 million deaths.

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