Ellopia Films USA - World
  • HOME
  • Ellopia Educational Media
  • World Series: Mt Olympus
    • #1 Mt OLYMPUS: ELASSONA SECRET PATH
    • #2 MT OLYMPUS THE CREATION
    • #3 MT OLYMPUS: EMAK IN RESQUE MODE >
      • Aρθρα - Δημοσιεύσεις
      • World Premiere EMAK in Rescue Mode
      • MEET OUR SPONSORS
      • EMAK- PHOTOS VIDEO
    • #4 MT OLYMPUS: KEOAX THE GUARDIANS
    • #5 MACEDONIA The shining gate to Mt Olympus
    • #6 - My OLYMPUS
    • The Team
    • OUR SPONSORS
    • AWARDS
    • In the News
    • Testimonials
  • Εllopia News
  • ELLOPIA PRESS MAGAZINE
  • CONTACT US
  • ELLOPIA WORLD
    • Ellopia Productions
    • Ellopia Designs
    • Ellopia Publications
    • Ellopia Gr
    • WEBSITE CREATIONS
    • CLIENTS
    • MOVIE POSTERS
  • LIVESTREAM ELLOPIA
  • VIDEO GALLERY
  • PHOTO GALLERY
  • ABOUT
  • NEWS
  • FILM "13 KNOCKED AT MY DOOR"
    • STORY
    • Show Time in Cyprus July 10th Mari
    • VIDEO
    • PHOTOS
    • FILMAKERS
    • ARTICLES
    • TESTIMONIALS
  • Video
  • Photo Gallery
  • Athina Krikeli in the news
  • OLYMPIC FILM FESTIVAL
  • GALLERY
  • New Page
  • ΚΑΤΟΙΚΟΣ ΑΜΠΕΛΟΚΗΠΩΝ
  • Alexis Georgoulis ELLOPIA

Εllopia Press News

World’s 100 RichestCould End Global Poverty 4 Times Over 

5/10/2015

0 Comments

 
Picture
Ellopia Press Magazine
The world’s 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich.
“The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report said.
For example, the luxury goods market has seen double-digit growth every year since the crisis hit, the report stated. And while the world’s 100 richest people earned $240 billion last year, people in ”extreme poverty” lived on less than $1.25 a day.
Oxfam is a leading international philanthropy organization. Its new report, ‘The Cost of Inequality: How Wealth and Income Extremes Hurt us All,’ argues that the extreme concentration of wealth actually hinders the world’s ability to reduce poverty.
The report was published before the World Economic Forum in Davos next week, and calls on world leaders to “end extreme wealth by 2025, and reverse the rapid increase in inequality seen in the majority of countries in the last 20 years.”

Oxfam’s report argues that extreme wealth is unethical, economically inefficient, politically corrosive, socially divisive and environmentally destructive.
The report proposes a new global deal to world leaders to curb extreme poverty to 1990s levels by:
– closing tax havens, yielding $189bn in additional tax revenues
– reversing regressive forms of taxation
– introducing a global minimum corporation tax rate
– boosting wages proportional to capital returns
– increasing investment in free public services
The problem is a global one, Oxfam said: “In the UK inequality is rapidly returning to levels not seen since the time of Charles Dickens. In China the top 10 percent now take home nearly 60 percent of the income. Chinese inequality levels are now similar to those in South Africa, which is now the most unequal country on Earth and significantly more [inequality] than at the end of apartheid.”
In the US, the richest 1 percent’s share of income has doubled since 1980 from 10 to 20 percent, according to the report. For the top 0.01 percent, their share of national income quadrupled, reaching levels never seen before.
“We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true,” Executive Director of Oxfam International Jeremy Hobbs said.
Hobbs explained that concentration of wealth in the hands of the top few minimizes economic activity, making it harder for others to participate: “From tax havens to weak employment laws, the richest benefit from a global economic system which is rigged in their favor.”
The report highlights that even politics has become controlled by the super-wealthy, which leads to policies “benefiting the richest few and not the poor majority, even in democracies.”
“It is time our leaders reformed the system so that it works in the interests of the whole of humanity rather than a global elite,” the report said.
The four-day World Economic Forum will be held in Davos starting next Wednesday. World financial leaders will gather for an annual meeting that will focus on reviving the global economy, the eurozone crisis and the conflicts in Syria and Mali.

Source: “World’s 100 richest earned enough in 2012 to end global poverty 4 times over”, from rt.com


0 Comments



Leave a Reply.

    Ellopia Press Express

    We published them , you find everything here electronically

    Ellopia Press Magazine


    Categories

    All
    News By Ellopia Press Magazine

    Archives

    March 2023
    December 2022
    August 2022
    February 2022
    October 2021
    September 2021
    August 2021
    July 2021
    May 2021
    February 2021
    January 2021
    December 2020
    October 2020
    September 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    June 2019
    May 2019
    December 2018
    October 2018
    September 2018
    July 2018
    June 2018
    May 2018
    March 2018
    February 2018
    December 2017
    November 2017
    September 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    October 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    December 2014
    November 2014
    July 2014
    March 2014

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • HOME
  • Ellopia Educational Media
  • World Series: Mt Olympus
    • #1 Mt OLYMPUS: ELASSONA SECRET PATH
    • #2 MT OLYMPUS THE CREATION
    • #3 MT OLYMPUS: EMAK IN RESQUE MODE >
      • Aρθρα - Δημοσιεύσεις
      • World Premiere EMAK in Rescue Mode
      • MEET OUR SPONSORS
      • EMAK- PHOTOS VIDEO
    • #4 MT OLYMPUS: KEOAX THE GUARDIANS
    • #5 MACEDONIA The shining gate to Mt Olympus
    • #6 - My OLYMPUS
    • The Team
    • OUR SPONSORS
    • AWARDS
    • In the News
    • Testimonials
  • Εllopia News
  • ELLOPIA PRESS MAGAZINE
  • CONTACT US
  • ELLOPIA WORLD
    • Ellopia Productions
    • Ellopia Designs
    • Ellopia Publications
    • Ellopia Gr
    • WEBSITE CREATIONS
    • CLIENTS
    • MOVIE POSTERS
  • LIVESTREAM ELLOPIA
  • VIDEO GALLERY
  • PHOTO GALLERY
  • ABOUT
  • NEWS
  • FILM "13 KNOCKED AT MY DOOR"
    • STORY
    • Show Time in Cyprus July 10th Mari
    • VIDEO
    • PHOTOS
    • FILMAKERS
    • ARTICLES
    • TESTIMONIALS
  • Video
  • Photo Gallery
  • Athina Krikeli in the news
  • OLYMPIC FILM FESTIVAL
  • GALLERY
  • New Page
  • ΚΑΤΟΙΚΟΣ ΑΜΠΕΛΟΚΗΠΩΝ
  • Alexis Georgoulis ELLOPIA