The world’s 2,153 billionaires have more wealth than 4.6 billion people
World economy; some interesting facts
Do you know economic disparities? Have you insight into the number of people living below the poverty line. You will be surprised to know that only 2153 people have more money than the rest of the world population. They are the richest and wealthy business tycoons and multinational corporation owners. It is the revelation of Oxfam, the charity organization based in the UK.
The bottom of the scale contains women and girls. The girls are put into hours of unpaid and underpaid work. This is an everyday job. If paid, it may worth 10.8 trillion dollars a year.
Pockets of billionaires
The bereaved and broken economies are only filling up the pockets of riches and businesses. The ordinary men and women pay the price of these phenomena. There is a question on the lips of some people that is there any need for Billionaires or should be snatched away of their wealth. It is the version of Oxfam’s India’s head
If you don’t come to force the counter inequality policies, the gap cannot be filled till that time. It is a fact that big is devouring the smaller. As big fish eats the smaller ones. The same is the situation of the world economy.
Opening of forum
The timing of the Oxfam report is up to the occasion. The world forum is holding its meeting soon in the Swiss Airpine resort. The report has come just before the leader is going to think about the economy. The report has some astonishing statics. In a decade, the number of billionaires has been doubled. They have become more productive than 60% of our population on this globe. Twenty-two men in the world have more wealth than the increasing population of women in Africa. If the wealthiest people pay only .5 percent extra taxes, it will create 117 million new opportunities for the poor. The source of data is Forbes and a Swiss bank. Some economists dispute the statics.
Women and girls
There is an exclusive description of women and girls in the report. This class keeps our economic wheel on the track. 1 They are a caregiver of our finances. 2 They have little education and sometimes no knowledge. 3 They have no opportunities to earn a decent living. They are sitting at the bottom of the economic indicators. In this report, it is revealed that women cannot get a job because of household responsibilities and so are deprived of opportunities. There are examples of inequality in our global economic system. Woman performs 16 to 17 hours of household duty but gets no reward. It is the real and inadequate picture of our poor classes.
Here is another picture. Billionaires are going to attend the forum. They have some personal planes, jets, and exceptional lifestyles. To solve the problems, the government needs to take extraordinary measures. Riches should pay more taxes. Extra tax should be levied on the wealthy to get amenities like water, healthcare, and more schools.
The World Bank and rich countries should give more aid to emerging countries. New opportunities should be provided.