Nat Yogachandra

The growing income gap between the world’s richest and the poorest was again confirmed by a report published by the British charity Oxfam. The report, titled, “working for the Few,” claims that a small elite group of more than 85 individuals hold wealth equivalent to that owned by the bottom half of the world's population. The study further says that the top 1 percent have 65 times the total wealth of the bottom half of the world’s population. In the United States, America's 400 richest families have more wealth than the entire bottom 50% of the population combined and the country ranks 64th in the world in income inequality. Today U.S. income inequality has been increasing steadily since the 1970s, and now has reached high levels not seen since 1928. It is sad that in the 21st century, a relatively small percentage of humankind has immense wealth, while the majority of the world's population lives in dire poverty and misery. This imbalance exists both within n...

The world has become a much more unequal place to live and there are no justice and unity. So,this is it…the richest one percent of the world’s population now own more than the rest of us combined, according to a report released by an aid group called Oxfam, last week. This increase in gap between rich and poor has created a world where 62 people own as much wealth as the poorest half of the world’s population, some 3.5 billion people - as the super-rich have grown richer and the poor poorer. The world has become a much more unequal place to live and there are no justice and unity.  Guess what, of the 62 people said to hold as much wealth as the poorest 50 percent, according to Oxfam report, 53 are men and just nine are female, highlighting that women are ill-represented even at the highest levels. It is sad that in the 21st century, a relatively small percentage of humankind has immense wealth, while the majority of the world's population lives in dire poverty and misery. ...