Tuesday 21 November 2017

The rich are getting richer in a poorer world

By Deborah Coleman - Straight Talking

Straight talking: Deborah Coleman
Straight talking: Deborah Coleman

There has been a lot of debate about the uneven spread of worldwide wealth this week with the publication of a recent Oxfam report.

According to the report, just one per cent of the world's population holds half of its wealth so 73 million people out of 7.3 billion own as much as everybody else in total.

The 62 richest individuals have more money than the 3.6 billion in the world.

There are always going to be rich and poor, but this level of separation has created deep concern and Oxfam has outlined the impact that this divide is having on decision making and the global society.

Nobody is saying that the wealthy should hand over their earnings to fund the world - although it would solve a lot of problems - and probably create others, but there is a push to reform the tax systems.

If the super rich paid taxes the way that ordinary working people do, many economies would be a lot better off and in turn, those in need would benefit. It appears to truly be the case that the rich are getting richer and the poor are getting poorer.

There is enough wealth in the world that nobody should be without a home or unable to feed their family - yet for countless communities, this is their reality.

I'm sure each and every one of these wealthy 62 have their own chosen charitable causes and if, and how they donate is their own decision to make, but some leadership should be shown so that a move towards having the wealth more evenly distributed could be made. Extreme wealth is one thing, but power and influence are another and it is not healthy that such a small percentage of people have such vast wealth while so many others haven't got a penny, let alone enough money to have any sort of influence.

Meanwhile, in the USA one of the three winners who shared the $1.6 billion powerball jackpot came out and said that it will not change their lives a bit.

The couple went on record to say they have no desire to move house or give up working and that they are content as they are. I don't know if this is refreshing or just crazy! Such a windfall could provide so many opportunities in life so why buy a ticket if you didn't care about winning the prize?

Perhaps they can share their wealth and help to change a few other lives for the better.

Wexford People

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