26 wealthy in the world have as much wealth as half of humanity


This is proof that the riches of the planet are unevenly distributed. For example, on Monday, 4 February 2019, the NGO Oxfam denounced in its annual report the unequal distribution of wealth in the world and the disparities of staggering resources between billionaires and the poor. Indeed, according to a new report by Oxfam International (Oxford Committee for famine relief), a handful of 26 haves in the world have a wealth equivalent to half of humanity (3.8 billion individuals), and that the wealth of these men has increased by 2.5 billion per day in 2018 while the wealth of the poorest populations declined by 11%.

Let us recall that, created in England in 1942 to act against famine, Oxfam International (Oxford Committee for famine relief) is a Confederation composed of twenty independent organizations of the same sensibility that Act "against injustices and poverty ". They work together and collaborate with local partners in nearly one hundred countries.

In this new document, Oxfam has also unveiled the wealth of the richest man in the world: this is Amazon's General Manager, Jeff Bezos, reached 112 billion million last year. Noting that only 1% of its makeshift equivalent corresponds to the health budget of Ethiopia, which has a population of 105 million people. An aberration.

The NGO estimates that the richest hide 7.6 trillion dollars, in some countries such as Brazil or the United Kingdom. In return, "the poorest 10% now pay higher taxes in proportion to their incomes than the richest." This report is published at a time when the taxation of the greatest fortunes raises lively debates in several countries, especially in France where the movement of "yellow vests" revived the debate on the abolition of ISF by Emmanuel macron.

"The widening gap between the rich and the poor penalizes the fight against poverty, harms the economy and fuels anger in the world," says Winnie Byanyima, Executive Director of Oxfam International, on the occasion of the publication of Oxfam's annual report on global inequalities upstream of the World Economic Forum (WEF), which closed on Friday, 8 February, in Davos, Switzerland.

The report stresses that the number of billionaires has doubled since the financial crisis of 2008, this period has seen a new billionaire appear every two days, while the tax rates of the wealthy and the largest multinationals have never been as low as in recent decades.

According to Oxfam's published report, tax rates for individuals and large companies have been drastically reduced. The tax rate for the wealthiest tranche of wealthy countries rose from 62% in 1970 to only 38% in 2013. None of them intends to touch the annual superprofits. The average tax rate in poor countries is only 28%.

The non-governmental organization stresses that if the wealthy pay only 0.5% of the additional taxes on their wealth this will raise the necessary funds to ensure the education of the 262 million of children out of school, and ensure the health care provision that can save 3.3 million people from death.

According to the report, in 2015, only 4 percent of the tax revenue generated in the world came from taxes on wealth, such as estates or property, but this type of tax was reduced or abolished in many wealthy countries. None of them intends to touch the annual superprofits. And rarely applied in developing countries.

Tax cuts on wealth often benefit men, who possess more than 50% of the wealth of women in the world and control 86% of businesses, confirming that women are most economically affected by increasing inequality.

The report added that every day die about 10000 people due to lack of access to health care at an affordable cost.

This report cripple all the lies that the media are pouring into the balance all day long. Jeff Bezos, Bill GATS and compers have never been so rich. For more than a century, the means of production have been able to meet the needs of the entire world population. Inequalities in the world can only be explained by the concertation of capital in the hands of a capitalistic minority and prosperous on the labour of workers.

The report arrives before the meeting of sharks of world capitalism and bunch of thug of all kinds, where the stining personalities who represent the parasitic bourgeoisie in power meet to determine the fate of billions of damned of the Earth to a time when the gap between the monopolistic bourgeoisie and the creative workers of wealth is widening more and more.

Moctar FICOU/VivAfrik


Please enter your comment!
Please enter your name here