[P2P-F] Fwd: ZNet Daily Commentary: Profits of World's 100 Wealthiest Could End Poverty Four Times Over: Report By Jon Queally

Mon Feb 4 11:54:46 CET 2013

This is an excellent, We post the documetry on Zeitgeist on our Facebook
"Work for You"
https://www.facebook.com/pages/Work-for-you/469843989735039?ref=tn_tnmn
page the other night and this compliments it so well thanks

On Fri, Feb 1, 2013 at 7:15 AM, Michel Bauwens <michel at p2pfoundation.net>wrote:

> Profits of World's 100 Wealthiest Could End Poverty Four Times Over: Report
>
> January 24, 2013 By *Jon Queally*
>
> Jon Queally's ZSpace Page<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4Gqk0PB-2BclWfzimLPI-2FzSD-2BHuHFtVewWjpirdPghkV577A-3D-3D_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3MybuUe43KOemYenl62oUIy4PozK0jhmahfDEGAVMjlmbhSDq5ETj007VaQXvbi7KL1vz-2Fr3QKrC102RYS5whQ8-3D>
>  / ZSpace<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4GrCDUxswLSep3PDl641KChV_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3JBRzX1wGOTyfVsmJFPFVi8-2BpbXkJytWCbXRXfPFHPQGuaryOKYZ9aN-2FRdzxsEFUZ9gAc3pe4Xir6Dy40W6C04Q-3D>
>
> The profits of the world's one hundred most wealthy individuals last year
> would be enough to wipe out world poverty, says a new report. And not just
> once over, or twice over, but the vast amount of money that has flowed to
> the top of the world's financial food chain would be enough to eradicate
> the worst kind of poverty a full four times over.
>
> Such an explosion in extreme wealth and income inequality represented by
> these numbers is exacerbating and hindering the world’s ability to tackle
> poverty, warns<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKW3VplGJ6Noj1a57ys4jUB0VBaOxrUnQwx5vodKxmiYBML-2B2AmMg2r82k6kakd8S4dG0AvcTN9h0wASjrq9wHTyfBwVgqSTuSQZjgnjn4MMoPSFK6eqLRGZhHoquIGlqPhfypCxkuIT5CumNrvsgS6QXp1NBRsZDwmM7GglOaQX6Z_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3LqET-2FEkuG4IPn34Pn-2FkovS4WhQOaSR1-2BiQYkqqVQShqC9yUmSBQYI2dN-2FkSXq-2B-2FUTqxEo-2FO-2FSeZRBHUzdPZ2Kk-3D> international
> aid group Oxfam International in a new analysis published ahead of the
> World Economic Forum starting in Davos this week.
>
> According to the report, ‘*The cost of inequality: how wealth and income
> extremes hurt us all*<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwZV1k6Mt54fhOCI8ib-2FF8NRyvZet-2B5EWZ9H9bFA4SHEIQ-2FIJjIlq0zaOYodCsc2otExl-2F1AHQIoONY9hObvrCr-2BELlXvXfzuzSUV9hDOfe3_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3AcvY9xL72OPm-2BMRvV-2BlspWkgILcK3ba3py9kbpGQXbJnJ2Pso7O-2FWdnROIOtDH5OJjEJklYPhGRdvtvl8QzLQ4-3D>,’
> the $240 billion net income in 2012 of the richest 100 billionaires would
> be enough to eliminate extreme poverty four times over. In releasing the
> report, Oxfam is calling on world leaders to curb today’s income extremes
> and commit to bringing back inequality levels to at least those experienced
> in the early 1990's.
>
> “Concentration of resources in the hands of the top one per cent depresses
> economic activity and makes life harder for everyone else – particularly
> those at the bottom of the economic ladder," said Jeremy Hobbs, Oxfam's
> executive director.
>
> “We can no longer pretend that the creation of wealth for a few will
> inevitably benefit the many – too often the reverse is true," he said. “In
> a world where even basic resources such as land and water are increasingly
> scarce, we cannot afford to concentrate assets in the hands of a few and
> leave the many to struggle over what’s left.”
>
> In addition, Barbara Stocking, Oxfam's chief executive, says<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWyuntSBdLfiPWyr5HmcUhcuemhuPAnjmCLOqjuWWMO-2Bola3WhJGNmh4ccj87xQaQfZPGZkPEbGnuwWO8Eg2VwMPhGSlcRayBID1sG1n7gkS-2B_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3MfSMAiBEoElWDdJXaVAXTYdrh2Sowl7F9sy-2FuLJaGjqcQ7DIsZp6tHYabfvkXTi6x9videu6jU-2FtIg2Soo7lKI-3D> the
> world's extremity of wealth inequality is "economically inefficient,
> politically corrosive, socially divisive and environmentally destructive".
>
> Oxfam is calling for a 'new global deal' which would stabilize the world's
> economic systems and bring equality back in way that would benefit all
> humanity.
>
> “From tax havens to weak employment laws, the richest benefit from a
> global economic system which is rigged in their favour. It is time our
> leaders reformed the system so that it works in the interests of the whole
> of humanity rather than a global elite.”
>
> The group estimates that closing tax havens – which hold as much as $32
> trillion or a third of all global wealth – could yield an additional $189bn
> in additional tax revenues. In addition to a tax haven crackdown, elements
> of the "global new deal" Oxfam envisions would include:
>
>    - a reversal of the trend towards more regressive forms of taxation;
>    - a global minimum corporation tax rate;
>    - measures to boost wages compared with returns available to capital;
>    - increased investment in free public services and safety nets.
>
> According<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKW40wpP5YbqonCkAJO7fHGAKkLOCSVtipvXpFi60mEiQXEyqs6Y4IX0vLf0xu28jhBE1GID6EPacACATXAJzVng4-3D_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3FIdExEMQ7H7nsQqvbmT75CUbzBfclLwjN2FO5HjopQNTdFUROK6TPJ0-2B8ThYMOuDn6ZM2fumYImjxEjAqjkPDg-3D>
>  to *Al-Jazeera*:
>
> The group says that the world's richest one percent have seen their income
> increase by 60 percent in the last 20 years, with the latest world
> financial crisis only serving to hasten, rather than hinder, the process.
>
> "We sometimes talk about the 'have-nots' and the 'haves' - well, we're
> talking about the 'have-lots'. [...] We're anti-poverty agency. We focus on
> poverty, we work with the poorest people around the world. You don't
> normally hear us talking about wealth. But it's gotten so out of control
> between rich and poor that one of the obstacles to solving extreme poverty
> is now extreme wealth," Ben Phillips, a campaign director at Oxfam, told Al
> Jazeera.
> ------------------------------
>
> *From:* Z Net - The Spirit Of Resistance Lives<http://email.zsustainers.org/wf/click?upn=xrLDuKs9E-2FW2gJyS-2BCwKWwqejxOUzTFczw65YAHq4GpH-2FNw1Z5juZZPvNJxNZTHJ_V-2FUUiW5KvBPNV-2FItFYsbuIFOqr58NacNTIV3-2FGcH-2BSC8iIClkYlMERlKQz1iNmB7jV4iFyL5XlTs38ZLkozK3ONzdXz0XwYbZdcWKnDzF0X1KTTlJ-2ByFZUhe8TRYP6cP3LE06BY-2BRVb2ko-2Fkv3RfOBR5iaXvSzSmHnbJwRuWP2s-3D>
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