{"id":12249,"date":"2019-01-23T13:12:51","date_gmt":"2019-01-23T12:12:51","guid":{"rendered":"https:\/\/www.sonnenseite.com\/politics\/billionaire-fortunes-grew-by-2-5-billion-a-day-last-year-as-poorest-saw-their-wealth-fall.html"},"modified":"2019-01-23T13:12:51","modified_gmt":"2019-01-23T12:12:51","slug":"billionaire-fortunes-grew-by-2-5-billion-a-day-last-year-as-poorest-saw-their-wealth-fall","status":"publish","type":"post","link":"https:\/\/www.sonnenseite.com\/en\/politics\/billionaire-fortunes-grew-by-2-5-billion-a-day-last-year-as-poorest-saw-their-wealth-fall\/","title":{"rendered":"Billionaire fortunes grew by $2.5 billion a day last year as poorest saw their wealth fall"},"content":{"rendered":"<p>Billionaire fortunes increased by 12 percent last year &ndash; or  $2.5 billion a day &#8211; while the 3.8 billion people who make up the  poorest half of humanity saw their wealth&nbsp;decline&nbsp;by 11 percent, reveals  a new report from Oxfam today. The report is being launched as  political and business leaders gather for the <a href=\"https:\/\/www.weforum.org\/\">World Economic Forum<\/a> in Davos, Switzerland.<\/p>\n<p> <!--more--> <\/p>\n<p>&lsquo;<a href=\"https:\/\/www.oxfam.org\/en\/research\/public-good-or-private-wealth\">Public Good or&nbsp;Private Wealth<\/a>&rsquo;&nbsp;shows  the growing gap between rich and poor is undermining the fight against  poverty, damaging our economies and fuelling public anger across the  globe.&nbsp; It reveals how governments are exacerbating inequality by  underfunding public services, such as healthcare and education, on the  one hand, while&nbsp;under taxing&nbsp;corporations and the wealthy, and failing  to clamp down on tax dodging, on the other.&nbsp;&nbsp;It also finds that women  and girls are hardest hit by rising economic inequality.<\/p>\n<p>Winnie Byanyima, Executive Director of Oxfam International, said: &ldquo;The  size of your bank account should not dictate how many years your  children spend in school, or how long you live &ndash; yet this is the reality  in too many countries across the globe. While corporations and the  super-rich enjoy low tax bills, millions of girls are denied a decent  education and women are dying for lack of maternity care.&rdquo;<\/p>\n<p><strong>The  report reveals that the number of billionaires has almost doubled since  the financial crisis, with a new billionaire created every two days  between 2017 and 2018, yet wealthy individuals and corporations are  paying lower rates of tax than they have in decades.<\/strong><\/p>\n<ul>\n<li>Getting  the richest one percent to pay just 0.5 percent extra tax on their  wealth could raise more money than it would cost to educate the 262  million children out of school and provide healthcare that would save  the lives of 3.3 million people.<\/li>\n<li>Just  four cents in every dollar of tax revenue collected globally came from  taxes on wealth such as inheritance or property in 2015. These types of  tax have been reduced or eliminated in many rich countries and are  barely implemented in the developing world.&nbsp;<\/li>\n<li>Tax  rates for wealthy individuals and corporations have also been cut  dramatically. For example, the top rate of personal income tax in rich  countries fell from 62 percent in 1970 to just 38 percent in 2013. The  average rate in poor countries is just 28 percent.<\/li>\n<li>In  some countries, such as Brazil, the poorest 10 percent of society are  now paying a higher proportion of their incomes in tax than the richest  10 percent.<\/li>\n<\/ul>\n<p>At  the same time, public services are suffering from chronic underfunding  or being outsourced to private companies that exclude the poorest  people.&nbsp; In many countries a decent education or quality healthcare has  become a luxury only the rich can afford. Every day 10,000 people die  because they lack access to affordable healthcare. In developing  countries, a child from a poor family is twice as likely to die before  the age of five than a child from a rich family. In countries like Kenya  a child from a rich family will spend twice as long in education as one  from a poor family.<\/p>\n<p>Cutting  taxes on wealth predominantly benefits men who own 50 percent more  wealth than women globally, and control over 86 percent of  corporations.&nbsp; Conversely, when public services are neglected poor women  and girls suffer most. Girls are pulled out of school first when the  money isn&rsquo;t available to pay fees, and women clock up hours of unpaid  work looking after sick relatives when healthcare systems fail. Oxfam  estimates that if all the unpaid care work carried out by women across  the globe was done by a single company it would have an annual turnover  of $10 trillion &ndash; 43 times that of Apple, the world&rsquo;s biggest company.<\/p>\n<p>&ldquo;People  across the globe are angry and frustrated.&nbsp; Governments must now  deliver real change by ensuring corporations and wealthy individuals pay  their fair share of tax and investing this money in free healthcare and  education that meets the needs of everyone &#8211; including women and girls  whose needs are so often overlooked. Governments can build a brighter  future for everyone &ndash; not just a privileged few,&rdquo;&nbsp;added Byanyima.<\/p>\n<p><a class=\"attachment__blocklink\" href=\"https:\/\/www.oxfam.de\/system\/files\/bp-public-good-or-private-wealth-210119-en_web.pdf\" title=\"bp-public-good-or-private-wealth-210119-en_web.pdf\">Bericht (englisch): Public Good or Private Wealth?<\/a><\/p>\n<h5 class=\"green\">Source<\/h5>\n<p><a href=\"https:\/\/www.oxfam.org\/en\/pressroom\/pressreleases\/2019-01-18\/billionaire-fortunes-grew-25-billion-day-last-year-poorest-saw\" target=\"_blank\" rel=\"noopener noreferrer\">OXFAM.org 2019<\/a><\/p>\n<div class=\"shariff shariff-align-flex-start shariff-widget-align-flex-start\"><div class=\"ShariffHeadline\">Diese Meldung teilen<\/div><ul class=\"shariff-buttons theme-round orientation-horizontal buttonsize-medium\"><li class=\"shariff-button facebook shariff-nocustomcolor\" style=\"background-color:#4273c8;border-radius:1%\"><a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fwww.sonnenseite.com%2Fen%2Fpolitics%2Fbillionaire-fortunes-grew-by-2-5-billion-a-day-last-year-as-poorest-saw-their-wealth-fall%2F\" title=\"Bei Facebook teilen\" aria-label=\"Bei Facebook teilen\" role=\"button\" rel=\"nofollow\" class=\"shariff-link\" style=\";border-radius:1%; 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