"Inequality is trapping hundreds of millions in poverty; it is fracturing our societies and undermining democracy." Last year's equivalent report said the richest 62 people on the planet in 2015 owned as much wealth as the bottom half of the population. Oxfam outlined measures that it hopes will be enacted to help reduce the inequality. And business leaders should commit to paying their fair share of taxes and a living wage to employees. "We have a situation where billionaires are paying less tax often than their cleaner or their secretary," Lawson told The Associated Press.

Source: New York Times January 16, 2017 00:12 UTC