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Oxfam: 85 richest humans own more than all assets held by half the human race


A new Oxfam report entitled Working for the Few (PDF), documents a "power grab" by the world's wealthy super-elite, who have amassed astonishing assets while the rest of the world grew poorer. Not only do the top 1% of the world's richest own 65 times more than the world's poorest 50%, but the 85 richest people own more than half the world. Oxfam is clear that this wealth expansion at the top is the result of a horribly corrupt political process by which elected representatives end up making policies to enrich the already-wealthy.

They're at Davos this week, asking the world's elites to pledge support for progressive taxation; an end to tax-avoidance; an end to financial corruption of legislation and policy; transparency in their own fortunes; universal healthcare, education and social protection; and a living wage for all.

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Oxfam's follow the oil money video

Yana from Oxfam sez, "I thought you'd enjoy watching this short animation from Oxfam America that follows our gas dollars, to show where they really go. Oxfam has been working hard to deliver aid to victims of Haiti's earthquake, but they're also working to achieve transparency about oil and gas companies' payments to foreign governments - Empowering people living in resource-rich developing countries to demand that such revenue can be used to address basic needs (education, clean water, health care, etc). The animation was done by Talking Eyes Media."

Follow the Money (Thanks, Yana!)