The super-rich could survive on a bit less | Letter - News Summed Up

The super-rich could survive on a bit less | Letter


While the world’s richest saw a dent in their fortunes last year (World’s billionaires lose £215m each as global economy struggles, 14 October), the overall trend is an increase in super-rich individuals, with 600 new billionaires since the financial crisis. This comes at a time when more than 750 million people in extreme poverty are going hungry. This huge gap between rich and poor hurts us all – harming economic growth and corroding societies – but hits the most vulnerable hardest. Current extremes go beyond fair reward for hard work and are distorting the economy. Politicians talk about tackling the inequality crisis – now we need them to clamp down on tax dodging and ensure workers at the bottom get a fair share.


Source: The Guardian October 16, 2016 18:56 UTC



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