Rich About To Be Richer Than The Rest Of Us Combined
A study by Oxfam International shows the world's richest one percent will own more than half of the world's wealth by 2016.By Cliff Judy | January 19, 2015
In a story truly based on the phrase the rich get richer, a U.K.-based charity says the wealthiest one percent will own more than the rest of us combined by next year.
Oxfam International's study released Monday morning ahead of the World Economic Forum in Davos showed the world's global elite increased their share of wealth from 44 percent in 2009 to 48 percent last year, a number Oxfam's executive director called "simply staggering."
Oxfam executive director Winnie Byanyima stressed prolific lobbying, especially in the U.S., has sent public dollars to special interests instead of benefitting the whole population. (Video via USAID)