Global Billionaires Boom as Income Inequality Grows
Brother, can you spare a dime? A new report by anti-poverty charity Oxfam International reveals the world is now home to 2,043 billionaires — more than ever before — who could end extreme poverty seven times over if they wanted. In America, the three wealthiest men are richer than the bottom half of the country. Oxfam experts call such a wealth gap a “symptom of a failing economic system,” and say governments need to improve worker protections while limiting shareholder returns and taxation policies that only benefit the wealthy.