Oxfam: 2012 Wealth and Income of World's 100 Richest People Could Eliminate World Poverty
According to a new report from Oxfam, the wealth and income that the world's richest people accumulated last year would be enough to eliminate world poverty four times over. Ben Phillips, a campaign director at Oxfam, said that extreme wealth is now one of the major obstacles to solving the problems of extreme poverty. The $240 billion the top 100 billionaires in the world made in 2012 would completely eliminate extreme poverty, the report concludes.
