Richest 1% will own more than all the rest by 2016 | Oxfam International

Donald Steiny Blog, Economics, Politics Blog Leave a Comment

I can’t help but wonder if this is sustainable. I doubt it and so I wonder how soon we will reach a breaking point. 

Extreme inequality isn’t just a moral wrong. We know that it hampers economic growth and it threatens the private sector’s bottom line. Winnie Byanyima Executive Director, Oxfam International 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 Davo

Source: Richest 1% will own more than all the rest by 2016 | Oxfam International

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