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Executive Summary: The Hidden Billions 

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Contributed by

webeditor

Keywords

Tax
Equality
Inequality
Rights in Crisis

Region

Australia & Pacific, Global

Country

Australia

Date

08 June 16

Website

http://oxfam.org.au

Extract

EXECUTIVE SUMMARY Early in 2016, Oxfam research showed that the richest 62 individuals owned more wealth than the world’s poorest 50%, and that global wealth inequality has been increasing over the last 15 years. The negative consequences of this concentration of wealth and power are being felt both at home and abroad. Inequality is bad for society, and bad for the economy, because it stifles economic growth.

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