Ananthoo's updates

When all trees have been cut down, when all animals have been hunted, when all waters are polluted, when all air is unsafe to breathe, only then will you discover you cannot eat money. - Cree Prophecy

Sunday, February 28, 2016

1% owns as much as rest 99% ..The gap between rich and poor grows, other inequalities are also on the rise: really obscene wealth inequality!

The gap between rich and poor grows, other inequalities are also on the rise: really obscene wealth inequality!  1% owns as much as rest 99%
those of u who think and justify the wealth accumulation of the rich is bcos of their hard work, stop the joke right now. pl be informed that it is ONLY bcos of tax havens and sops and sleaze..
 super-rich individuals have stashed a total of US$7.6 trillion in offshore accounts. yes! hidden it else where, illegally! If tax were paid on the income that this wealth generates, an extra US$190 billion would be available to governments every year.

there are 2 things that stand out for me:

The equality crisis is not a simple divide between rich and poor countries. For example, a total of US$500 billion generated from within Africa is held offshore in tax havens, costing an estimated US$14 billion a year in lost tax revenue across the continent. This sum could pay for enough healthcare to save the lives of 4m children and employ enough teachers to get every African child into school.

β€œThe average footprint of the richest 1% globally could be as much as 175 times that of the poorest 10%.”

http://scroll.in/article/802212/how-the-other-1-lives-wealth-gap-not-the-only-way-in-which-global-elite-is-taking-advantage