The 3 Richest Americans Have as Much Money as the Bottom 50%
“The richest 1% of the global population received 82% of wealth created in 2017, while nothing went to the poorest half (3.7 billion) of humanity, according to a new study by the global charity Oxfam. The report was published on Monday to coincide with the Jan. 23 start of the World Economic Forum’s annual meeting in the snow-covered town of Davos, Switzerland. ‘(The report) reveals how our economies are rewarding wealth rather than the hard work of millions of people,’ Winnie Byanyima, Oxfam’s executive director, told Reuters. ‘The few at the top get richer and richer and the millions at the bottom are trapped in poverty wages.’”