The growing problem of global inequality could be solved overnight if 7.52 billion people did the right thing and came billionaires, a new study suggests.
The authors of the study said that inequality had become worse over the past decades as more people failed to inherit massive wealth, set up tax-avoiding offshore businesses, or co-found Google.
“The problem seems complex. But all it would take is the world’s remaining non-billionaires to admit that there’s an inequality problem and take some simple steps to do something about it,” one of the researchers said.
He said the report showed a ‘deeply disturbing picture’ of growing inequality. “At this rate we may well wind up with all but a tiny fraction of the world’s population amassing virtually all of its inequality”.
By Terry Beuler