How Bad Is The Global Wealth Gap?

Global Call to Action Against Poverty
Global Call to Action Against Poverty (Photo credit: Wikipedia)

How bad is the global wealth gap?

William Rivers Pitt (Truthout, “The End of the Beginning of the End) quotes a recent Oxfam International finding that concludes the income of the top 100 people out of the seven billion people living on the plant could end poverty four times over.

 

What does global poverty look like?

  • More than one billion people lack access to adequate drinking water
  • Almost a billion people go hungry every day.
  • Half the world’s population lives on less than $2.50 a day
  • One billion children live in poverty
  • 22,000 children die each day because of poverty
  • 400 million children lack access to adequate drinking water

No one really knows how much wealth these 100 individuals have because so much of it is tucked away in tax havens.  In America alone, William Rivers Pitt states, “some $150 billion in tax revenue is lost each year because of these havens, money that could be used for education, food assistance programs, infrastructure repair and health care. “

To read more, follow the link to William Rivers Pitt’s Truthout Op-Ed, “The End of the Beginning of the End.”

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