Proof, if it were needed, that the rich and the super rich have done very well out of the recession, thank you - both globally and in the UK: Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor. The charity’s research, published today, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%. Oxfam added that on current trends the richest 1% would own more than 50% of the world’s wealth by 2016... ...Separate research by the Equality Trust, which campaigns to reduce inequality in the UK, found that the richest 100 families in Britain in 2008 had seen their combined wealth increase by at least £15bn, a period during which average income increased by £1,233. Britain’s current richest 100 had the same wealth as 30% of UK households, it added. If now isnt the time for making the argument on redistributive taxation and a zero tolerance approach to tax avoidance, then when would be, exactly? gu/p/45xyk
Posted on: Mon, 19 Jan 2015 08:06:00 +0000
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