Oxfam: Wealth of 85 Richest Equals That of 3.5 Billion Poorest

In this Jan. 9, 2012 file photo, people protest against government corruption and the removal of a fuel subsidy, in Lagos, Nigeria, Monday, Jan. 9, 2012. (AP Photo/Sunday Alamba, File)

[VOA News]

The human rights group Oxfam reported that the wealth of the world’s 85 richest people is equal to that of the poorer half the world’s population.

Oxfam released a study on global inequality Monday, ahead of a meeting this week of government and business leaders at the World Economic Forum in Davos, Switzerland.

The report said wealthy elites have used their political power to get lower tax rates, hide wealth offshore, and otherwise serve their own interests, to the disadvantage of those at lower income levels.

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