TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Wednesday, January 18, 2017

Just 8 Men Own The Same Wealth As Half The World

Oxfam

OxFam, An Economy for the 99%: It’s Time to Build a Human Economy That Benefits Everyone, Not Just the Privileged Few:

New estimates show that just eight men [Jeff Bezos, Michael Bloomberg, Warren Buffett, Larry Ellison, Amancio Ortega Gaona, Bill Gates, Carlos Slim Helú, Mark Zuckerberg] own the same wealth as the poorest half of the world. As growth benefits the richest, the rest of society – especially the poorest – suffers. The very design of our economies and the principles of our economics have taken us to this extreme, unsustainable and unjust point.

Our economy must stop excessively rewarding those at the top and start working for all people. Accountable and visionary governments, businesses that work in the interests of workers and producers, a valued environment, women’s rights and a strong system of fair taxation, are central to this more human economy.

http://taxprof.typepad.com/taxprof_blog/2017/01/just-8-men-own-the-same-wealth-as-half-the-worldstromng.html

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Comments

> Jeff Bezos, Michael Bloomberg, Warren Buffett, Larry Ellison, Amancio Ortega Gaona, Bill Gates, Carlos Slim Helú, Mark Zuckerberg

Wow, so few "greedy conservatives" on that list.

So many hard core Democrats.


You have to ask why the 0.001% support the Democrats so much.

Posted by: momo | Jan 18, 2017 1:30:44 PM

Buffett is the only Dem on the list. Gates, Zuckerberg and Bezos are ambiguous (indeed, Zuckerberg and Gates are R leaning on economic matters), Ellison is R. Bloomberg is R (very mild R, but R on economic matters).

Posted by: APK | Jan 20, 2017 5:41:59 AM

Bloomberg is hard core Leftist on social issues. Second Amendment, for example.

Posted by: ruralcounsel | Jan 23, 2017 4:31:19 AM