The gap between the Rich and the poor in the world is to become Oxfam in the past year, dangerous larger. The assets of the billionaires increased by twelve percent, as the auxiliary organization prior to the start of the world economic forum in Davos criticized. However, on the poorer half of the world’s population, a decline of eleven percent. The authors attributed this in particular to one from your point of view, unjust taxation.

the assets of the billionaires increased, according to the inequality report, by an average of 2.5 billion dollars per day. The statistically poorer half lost 500 million dollars per day. Also in Germany, the situation had not improved and it is necessary that a higher minimum wage, and a greater burden of the Wealthy, corporations, inheritances, and high incomes.

The world economic forum (WEF) will discuss at its Tuesday meeting starting with the “architecture for the age of the fourth industrial Revolution”. In it, the WEF founder Klaus Schwab in the MIRROR-Interview, also, “to find a better balance between economic openness and the social cohesion of a society”. “Without social cohesion, democracy is not viable.”

“a breeding ground for nationalism”

Oxfam the economy have to do guide a lot of to. The relief and development organization, warned about the gap between rich and Poor reinforced the divisions in society. “The Problem of growing social inequality is one of the greatest challenges of our time,” said Jörn Kalinski, Director of development policy of Oxfam Germany. They offer a breeding ground for dangerous developments, such as right-wing populism and aggressive nationalism.

in Particular, women and girls are threatened, according to the report of social inequality. So men have in the global average of 50 percent more assets than women. In addition, women have due to unpaid work such as care or education of children often have less time to engage in politically – reinforcing their disadvantage and economic cementing system, which is made by men for men.

Just a week before the start of its annual meeting, the WEF published its annual risk report and drew a devastating picture of the state of the earth. In the study, it is stated, among other things: “global risks to take. At the same time, the collective will to fight weakens significantly, and the division is growing.”

the homeless in Stuttgart

Oxfam Director Winnie Byanyima called on the international community to a higher level of investment in education. She said: “The size of the Bank account should not dictate how many years children stay in school, or how long we live.” Necessary to report “Public Good or Private Wealth” (public welfare or of private wealth) in addition, higher investment in public health care, as well as a stronger and more effective taxation of corporations and the Wealthy, according to the Oxfam. It had to act urgently time, Ellen Ehmke, Oxfam-Germany, consultant for social inequality. “Every day we lose, exacerbated the inequality system.”

3.4 billion people in poverty

The Munich-based Economist Andreas Peichl criticized meanwhile, in the “Frankfurter Allgemeine Zeitung” that he could not understand the Oxfam Figures on the impoverishment. The head of the Ifo centre for macroeconomics said, therefore, that the wealth of the bottom half of the world’s population will be declining, “corresponds to the macro-economic reality”. The global economy waxes and poverty take as a whole.

according to Oxfam, the development is positive: The number of people in extreme poverty was halved between 1990 and 2010 and take more. Worldwide, 736 million people out of a maximum of 1.90 US dollars per day were still living. Ehmke pointed out, however, that almost half of the world’s population – approximately 3.4 billion people, or 46 per cent – live of a maximum of 5.50 dollars per day.

in this Country, the billionaires increased their wealth last year by 20 percent, according to the report. Overall, the richest one percent of the population have as much wealth as the 87 poorer percent. Thus, Germany is one of the industrial Nations with the greatest wealth inequality. With 15.8 percent, the poverty rate on the highest level since 1996, every fifth child is affected by poverty. Women earned, on average, 21.5 percent less than men; the worse the situation in the EU only in Estonia and the Czech Republic.

Two boys in South Sudan, playing in a cardboard box (icon image)

The WEF annual meeting in the Swiss Alps from 22. to 25. In January, thousands of participants are expected, including dozens of heads of state and heads of government like Angela Merkel and her Japanese colleague Shinzo Abe. Particularly, the appearance of the new populist President of Brazil, Jair Bolsonaro is expected. Hundreds of the management Board Chairman of global companies want to come. US President, Donald Trump has, however, cancelled as the entire state Delegation from Washington to their participation because of the budget dispute.

NGO: minimum wage in urban areas is too low

To combat inequality in Germany, Oxfam called for an increase in the minimum wage. “The minimum wage is too low, especially in urban areas,” said officer Ehmke. For example, the strongly rising Rents could be with the current rate of 9,19 euros per hour.

There is, however, also made progress, said Oxfam tax expert, Tobias Hauschild and referred to plans of the EU on the taxation of large corporations or the lifting of Bank secrecy in Switzerland. Kaliski stressed, some developments – such as the administration of U.S. President Donald Trump, the Brexit, or the rise of right-wing populist parties – would have led in politics and the economy to Think about. Need a consistent is now, however, social policy.

Oxfam uses as a basis the data of the Swiss Bank Credit Suisse as well as asset estimates for the U.S. magazine “Forbes”. The organization indicates that its values are not necessarily comparable with the results of previous years, as there could be minimal Changes to the methodology.


Sam Yoon has many years of experiences in journalism. He has covered such areas as information technology, science, sports and politics. Yoon can be reached at 82-2-6956-6698.