Urgent need to "Even it Up"

Urgent need to "Even it Up"

Sharelines

@Oxfam is calling on world leaders gathered @Davos for the 2015 #WEF to address the factors that have led to today’s inequality explosion

Read @Oxfam’s paper on inequality as it urges leaders of the world @Davos to take stock of the rising gap between the wealthy and poor #WEF

@Oxfam’s paper provides recommendations to reduce inequality. Read the full paper as world leaders gather in @Davos for #WEF

Click here to read the inequality paper

In 2014, the richest 1% of people in the world owned 48% of global wealth, leaving just 52% to be shared between the other 99% of adults on the planet.

The very richest of the top 1%, the billionaires on the Forbes list, two have seen their wealth accumulate even faster over this period. In 2010, the richest 80 people in the world had a net wealth of $1.3tn.

By 2014, the 80 people who top the Forbes rich list had a collective wealth of $1.9tn; an increase of $600bn in just 4 years, or 50% in nominal terms.

In 2014 there were 1,645 people listed by Forbes as being billionaires. This group of people is far from being globally representative.

Almost 30% of them (492 people) are citizens of the USA. Over one-third of billionaires started from a position of wealth, with 34% of them having inherited some or all of their riches.

In October 2014 Oxfam launched its Even It Up campaign, calling for governments, institutions and corporations to tackle extreme inequality.

Here are the recommendations from the report.

  • Make governments work for citizens and tackle extreme inequality.
  • Promote women's economic equality and women's rights.
  • Pay workers a living wage and close the gap with skyrocketing executive reward.
  • Share the tax burden fairly to level the playing field.
  • Close international tax loopholes and fill holes in tax governance.
  • Achieve universal free public services by 2020.
  • Change the global system for research and development (R&D) and pricing of medicines so that everyone has access to appropriate and affordable medicines.
  • Implement a universal social protection floor.
  • Target development finance at reducing inequality and poverty, and strengthening the compact between citizens and their government.

To read Oxfam’s recommendations to governments, institutions and corporations in detail,
please read the report Even It Up: Time to end extreme inequality published in October 2014.

For more information:

Please contact:

Himanshi,
News and Media Manager,
Oxfam India

Email: himanshi@oxfamindia.org

Tweet her @j_gunjan


Others

Find out how Oxfam India is enabling communities by working to provide a life of dignity and equal opportunity for all.Get to know more about Oxfam India`s latest projects.

Read More

Related Stories

Oxfam India's #COVID19 Response

09 Jun, 2022

New Delhi

Food Stall Supports Families

In New Delhi’s Anand Parbat is a roadside food stall that is collectively run by the Mahila Shakti Self-Help Group (SHG).

Read More

Oxfam India's #COVID19 Response

09 Jun, 2022

New Delhi

Cash For Livelihood

Salma and Zareena had struggled financially their entire lives. As if that was not enough – the lockdown worsened their situation and left them struggling to even get basic necessities like food.

Read More

Education

30 May, 2022

Uttar Pradesh & Jharkhand

1081 Out Of School Children Enrolled

As of 30 May, we enrolled 1081 out of school children in 7 districts in Uttar Pradesh and Jharkhand.

Read More

Private Sector Engagement

30 May, 2022

Assam

UNNATEA: The Tea Workers App

Oxfam India has been working for tea plantation workers in Assam so that they can access their rights, attain improved living conditions and wages, and live a life of dignity.

Read More