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