Half of Global Wealth Controlled by 1%

DAVOS, SWITZERLAND – Business elite, academics, politicians, and other power brokers meet this week in a posh Swiss ski resort.

Why should you care? Because they are going to talk about “your” economic future. Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that by 2016, 1% of the world’s population will own more wealth than the other 99%.

Nothing like discussing world poverty at a world class ski resort. World Economic Forum is here.

Director of Policy for OXFAM discusses:

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