Annual income of richest 100 people enough to end global poverty four times over, says Oxfam

Posted on May 29th, 2013 by

(Source: Occupy Posters at

(Source: Occupy* Posters)

An Oxfam report, The cost of inequality: how wealth and income extremes hurt us all, argues that while “a certain level of inequality may benefit growth by rewarding risk takers and innovation, the levels of inequality now being seen are in fact economically damaging and inefficient” as well as a threat to democracy, socially divisive, unethical, and environmentally destructive. According to the report, “[t]he top 100 billionaires added $240 billion to their wealth in 2012–enough to end world poverty four times over.” Read more here.


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