What do Bill Gates, Inditex founder Amancio Ortega, Warren Buffett, Carlos Slim, Amazon’s Jeff Bezos, Facebook's Mark Zuckerberg, Oracle's Larry Ellison and Michael Bloomberg all have in common?
Their combined wealth is equivalent to the "wealth" of 3.6 billion who make up the poorest half of the world’s population. Oxfam laid out the facts during the World Economic Forum (WEF); and the information was based on data gathered by Swiss bank Credit Suisse and Forbes.
Furthermore, Oxfam asserts that the wealth gap is due to gender-based injustices: "One in three women worldwide experience sexual violence from an intimate partner at some point in their lives, and women are at much more risk from human trafficking and sexual extortion in the workplace. Economies exploit, rather than challenge these social norms, and so gender inequality intersects with economic inequality, resulting in women being disproportionately represented at the lower end of the economic distribution."
And you might be thinking, well, Bill Gates donates a lot of his money. Unfortunately, that’s just a Band-Aid solution. Max Lawson, the head of Oxfam, shares, "If billionaires choose to give their money away then that is a good thing. But inequality matters and you cannot have a system where billionaires are systematically paying lower rates of tax than their secretary or cleaner."
We have so much work to do, ladies.
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