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The $240 billion net income of the world’s 100 richest billionaires would have ended poverty four times over, according to the London-based group’s report released on Saturday.
The group has called on world leaders to commit to reducing inequality to the levels it was at in 1990, and to curb income extremes on both sides of the spectrum…
… the world’s richest one percent have seen their income increase by 60 percent in the last 20 years, with the latest world financial crisis only serving to hasten, rather than hinder, the process…
“We can no longer pretend that the creation of wealth for a few will inevitably benefit the many – too often the reverse is true,”
Oxfam, bless them, are addressing the Davos audience – but saying the rich could end poverty is like saying wolves could stop sheep-stealing. And that $240 billion is income for last year…
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Those things get so big, when the waters are laced with them they’ve been known to clog waterways. The sole solution is to sock it to ‘em so hard that they won’t last.
Hard to follow…At least it’s not a breeding pair.