According to Oxfam, the richest 26 have as much money as half of humanity


The concentration of wealth increased in 2018: twenty-six billionaires now in their hands as much as the poorest half of humanity, reported on Sunday 20 January the NGO Oxfam.

"The growing gap between rich and poor penalizes the fight against poverty, damages the economy and fuels rage in the world"said Winnie Byanyima, executive director of Oxfam International.

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governments "It must ensure that businesses and the wealthiest pay their share of taxes"He added on the occasion of the publication of the traditional annual report by the NGOs on global inequalities in view of the World Economic Forum (WEF), which will be held until Friday in Davos.

According to the figures of the NGO – whose methodology, which is based on data published by the magazine Forbes and the Credit Suisse bank is challenged by some economists: twenty-six people now have as much money as the world's poorest 3.8 billion. In 2017, there were forty-three.

As for the richest man in the world, Jeff Bezos, the head of Amazon (112 billion dollars in 2018), 1% of his fortune corresponds to "Health Report of Ethiopia"Oxfam insists.

The number of billionaires has doubled since 2008

In general, the fortunes of the billionaires in the world increased by $ 900 billion in 2018, at a rate of $ 2.5 billion a day, while that of the poorest half of the world's population fell by 11%.

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The number of billionaires doubled after the 2008 financial crisis, Oxfam said, observing him "The rich have not only a growing fortune, but also the lowest levels of taxation in the last decades".

"If the trend were reversed, most governments would have sufficient resources to finance public services", said the NGO, which believes it "Wealth is particularly underestimated". He said that on a dollar income tax, only four cents come from the taxation of wealth.

The taxation of the richest is the debate

According to Oxfam, who estimates that the richest hides in the 7 600 billion dollars, in some countries like Brazil or the United Kingdom, "The poorest 10% now pay higher taxes in proportion to their income than the richest".

This report is published at a time when the taxation of major fortunes is provoking debate in several countries.

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In France, the movement of "yellow jackets" has reignited the debate on the removal of the ISF by President Emmanuel Macron. In the United States, Alexandria Ocasio-Cortez, a newly elected democratic parliamentarian, proposed taxing 70% of the richest, with the support of Nobel laureate Paul Krugman.

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