The 3.8 billion poor are less wealthy than the 26 richest people in the world, and charities in Britain are calling for tax increases on the rich.

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The 3.8 billion poor are less wealthy than the 26 richest people in the world, and charities in Britain are calling for tax increases on the rich.

2019-01-22 17:12:52 154 ℃
< p > < section > < section > < section > < section > < section > < section > < section > < section > < / section > < / section > < section > < p > < strong > Guide Reading: < / strong > Report found that from 1980 to 2016, for every $1 increase in global income, only 12 cents belonged to the half of the world's richest people, while 27 cents went into the pocket of the richest 1%.

Oxfam would say, "Super-rich people and businesses now bear lower tax rates than they have in the past few decades."

Source CNN

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Photo Source/Tubu

< section> According to the Singapore Joint Morning Post, on 21 local time, Oxfam, a British charity organization published a newspaper. The report points out that the global imbalance between rich and poor is getting worse and worse. The total wealth of the 26 richest super-rich people in the world is equal to the total wealth of the half of the world's richest people (about 3.8 billion people). The latest report was released by Oxfam on the eve of the World Economic Forum in Davos, Switzerland, on the 21st. It recommends that governments levy more taxes on the rich to alleviate the widening gap between the rich and the poor and obtain additional funds to solve the problems of the poor.

Amazon Founder Property 1%

is equivalent to Ethiopia Medical Budget

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< section > < section > < section > < section > < section > < p > Bezos Photo Source / Tubu

< p > The report points out that the wealth of billionaires worldwide has increased steadily in the past year. In 2018, the wealth of the world's richest people increased by an average of $2.5 billion a day, a total increase of 12% a year. For example, Bezos, the world's richest man and founder of Amazon, an American e-commerce giant, grew to $112 billion last year. Oxfam will say that 1% of its assets equals the total national health care budget of Ethiopia, an African country. Ethiopia has a population of 105 million.

The wealth of the rich is increasing, while the situation of the poor is still difficult. Over the past year, the total wealth of the world's least wealthy 3.8 billion people decreased by an average of $500 million a day and 11% throughout the year, the report said.

Oxfam warns that the widening gap between the rich and the poor has undermined efforts to fight poverty, hurt the economy and triggered public resentment. "People around the world are indignant about this," Oxfam Director-General Baian Yima said in a statement.

The report found that from 1980 to 2016, for every $1 increase in global income, only 12 cents went to the half of the world's richest people, while 27 cents went to the pockets of the richest 1%.

The richest people pay an additional 0.5% tax rate

to provide education for 262 million children

Meanwhile, governments of all countries pay an additional 0.5% tax rate for health care and education, such as health care and education. Investment in some public services is also decreasing year by year. It is estimated that about 10,000 people die every day due to lack of access to medical care.

The report points out that, because people in many countries are deeply dissatisfied with the widening gap between the rich and the poor, there is a growing international demand for heavy taxes on the rich.

In the United States, the Democratic Party's new female congresswoman, Cortes, proposed earlier this month that a heavy tax be imposed on the extremely wealthy, with a tax rate of up to 70%. President Trump has just announced a series of tax reforms in 2018, lowering the top tax rate from 39.6% to 37%. This policy has aroused controversy. Opponents say it is good for the rich. In Europe, the "yellow vest" campaign swept through France in November last year, with great momentum, and participants demanded that President Mark Ron abolish tax cuts for the rich.

Oxfam therefore calls on governments to raise taxes on wealthy individuals and large enterprises and to use the proceeds to help the poor so as to alleviate or stop the declining living standards of the poor.

The organization found that requiring the wealthiest to pay an additional tax rate of 0.5% is only a drop in the bucket for the wealthy, but the amount of tax collected is considerable enough to provide education for 262 million children dropping out of school globally and save 3.3 million people who may not be able to survive because of lack of medical care.

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