LONDON: The world’s richest 1% have more than twice the wealth of the rest of humanity combined, according to Oxfam, which called on governments to adopt "inequality-busting policies.”
In a report published ahead of the World Economic Forum’s annual meeting in Davos, the U.K.-based charity said governments are "massively under-taxing” rich individuals and corporations, and under-funding public services.
Oxfam’s ‘Time to Care’ report also highlighted gender-based economic disparities, saying women and girls were burdened with disproportionate responsibility for care work and fewer economic opportunities.
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