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    The richest one hundred could end world poverty.

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    zathrus
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    The richest one hundred could end world poverty.

    Post by zathrus on Sat 19 Jan 2013, 1:02 pm

    A report by Oxfam said yesterday that the world's richest 100 people earned enough last year to end poverty for the planet's poorest people four times over.

    In this report the charity added: that "an explosion in extreme wealth was hindering efforts to tackle poverty".

    They said that the net income of this hundred richest last year was 150 billion, compared with those in extreme poverty that live on around 78 pence a day.

    Oxfam's Chief Executive Barbara Stocking said "We can no longer pretend that the creation of wealth for a few will inevitably benefit the many - too often the reverse is true."

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    The thing is, folks, do we not already know this ?
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    papa_umau
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    Re: The richest one hundred could end world poverty.

    Post by papa_umau on Sun 20 Jan 2013, 12:19 pm

    While that is an curious observation by Oxfam Zath' I don't think that finding that out will ever do any good towards solving the world's poverty crisis.

    The rich actually spend a great lot of money finding out how to hang onto what they have and they are not likely ever to give very much of this cash away to the poor.

    It is an interesting exercise, but that is all it is.


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