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World’s billionaires have more Riches than 4.6 billion Individuals, report States Before Davos

The world’s billionaires have more prosperity than 4.6 billion people and the planet’s richest 1 percent own more than twice the prosperity of 6.9 billion individuals.

Those are the most recent figures on international inequality in the report published on Monday before a yearly meeting of international elites from the mountain resort of Davos-Klosters, Switzerland.

As at least a few of the planet’s 2,153 billionaires rub noses in the World Economic Forum this week, many others will be working to convey the following message: the complicity of the international elite in wealth inequality.

The report from the global aid organization Oxfam says that the amount of billionaires has dropped in the past ten years.

“Inequality isn’t a person’s fate. It’s the result of societal and financial policy that lessens the involvement of their wealthy [through taxation ] and weakens funds for public services”

Leclère explained that is the concept which Oxfam will be attempting to deliver in Davos.

The non-profit firm has published a yearly report before the famed financial meeting to tackle mounting inequality because of 2014.

Gender divide
Last year, Oxfam analyzed the gender divide also, emphasizing that guys globally own 50 percent more riches than girls because of some”sexist and unjust financial system”.

The 22 richest guys on earth have more riches than most of the girls in Africa, ” the report stated.

Women often work in sectors that are more insecure and less valued efficiently, the Oxfam report says.

They do over 75 percent of unpaid care work and constitute two-thirds of their”care job” in nursery and national jobs.

“girls and women are one of those who benefit least from the financial strategy,” said Behar.

However, overall, their decisions on inequality stay unchanged.

“Regrettably, the organization’s decision is identical. Inequality continues to increase in extreme proportions,” Leclère informed Euronews, including that inequality is bad for markets.

The manager of the International Monetary Fund said in a summit in Washington DC last week that though inequality between nations was diminishing, within many high-income nations, inequality is increasing.

“The difference between rich and poor can not be solved without deliberate inequality-busting policies, and also few authorities are dedicated to those,” said Behar.

Even though members of civic society say they are searching to get concrete outcomes in Davos, they know that it’s an uphill struggle.

Leclère states NGO members are not”duped” by the events’ large, lofty political speeches.