Income inequality is out of control —the world’s billionaires have more wealth than 4.6 billion people, according to a new report released by Oxfam ahead of the World Economic Forum in Davos, Switzerland. At the same time, nearly half the world is struggling to survive on $5.50 a day.
The growing gap between rich and poor is undermining the fight against poverty, damaging our economies and fueling public anger across the globe. Unfortunately, repeated warnings about the explosion of inequality have not worked to reverse its course. – Oxfam