"World’s 100 richest earned enough in 2012 to end global poverty 4 times over"
The world's 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich.
The Obama administration has been spending TRILLIONS a year and hasn't solved extreme global poverty? Sounds like some kind of waste, fraud, abuse, scam, cronyism, ripoff for Americans...
Where exactly are those TRILLIONS going?
The problem is a global one, Oxfam said: "In the UK inequality is rapidly returning to levels not seen since the time of Charles Dickens. In China the top 10 percent now take home nearly 60 percent of the income. Chinese inequality levels are now similar to those in South Africa, which is now the most unequal country on Earth and significantly more [inequality] than at the end of apartheid."
Where are those Chinese millionaires moving? To the US? Obama's millionaire visa program? America moving toward apartheid levels of income inequality? Increasing poverty? Lower incomes?
The four-day World Economic Forum will be held in Davos starting next Wednesday. World financial leaders will gather for an annual meeting that will focus on reviving the global economy, the eurozone crisis and the conflicts in Syria and Mali.
How many of this leadership class are among the 1%? The 10%? Create policies that drive poverty and joblessness in the developed world?
read more here and links - http://rt.com/news/oxfam-report-global-inequality-357/
If $250 billion would cure 'extreme poverty', what is Obama doing with TRILLIONS? Financed by debt? Forcing generations of Americans into debt bondage? Slavery they can never buy themselves out of?