19 Jan - Richest 1% will own more than all the rest by 2016. The combined wealth of the richest 1 percent will overtake that of the other 99 percent of people next year unless the current trend of rising inequality is checked, Oxfam warned today ahead of the annual World Economic Forum meeting in Davos. | Oxfam International
Inequality - this is just incredible - the richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.
Oxfam said the world's richest people saw their share of global wealth jump to 48 percent last year from 44 percent in 2009. Rising inequality is holding back the fight against global poverty as the world's biggest companies lobby the U.S. and European Union for beneficial tax changes at a time when average taxpayers are still paying the bill for the financial crisis.