the meeting of the world's leaders in business finance and politics in doubles the international ngo oxfam is updating its annual inequality report oxfam sas the number of billionaires worldwide has gone up to two thousand and forty three this past year their combined wealth increased by thirteen percent that's not bad news per se is it congress relations to all you new billionaires out there but there is a downside to it eighty two percent of the global wealth created last year went to the top one percent of the world's population the super rich and is an interesting example in just four days the c.e.o. of one of the world's top fashion brands and as much as a seamstress in bangladesh makes throughout her entire working life to add insult to injury the richest people in the world are experts in tax avoidance oxfam claims paying two hundred billion dollars less in taxes than they should according to the respective laws of their countries development aid on the other hand paid out by the leading industrial nations stands at one hundred forty five billion dollars. malaysia's economy roared a

javier: speaking of wealth inequality, just like last year, the international ngo oxfam released its annual inequality report in time for the world economic forum. oxfam says the number of billionaires worldwide has increased to 2049 in the past year, with their combined wealth going up 13%. there is nothing bad with more billionaires, but it comes at a price. let's look at some of those figures. 82% of the global wealth that was created in the last year got to the wealthiest 1%. that is what oxfam is saying. let's put that into perspective. in just four years, the ceo of one of the world's top fashion brands earns as much as a seamstress in bangladesh her entire life. to make things even worse, oxfam also notes that billionaires are usually experts in tax avoidance. they are paying about 2000 billion dollars less in taxes than they should, according to the respective loss of their countries. compare that to development aid paid out by the leading industrial nations to less developed countries, which is just $145 billion. while the world is looking at millionaires and stars in davos,

and speaking of wealth inequality just like last year the international ngo oxfam released its annual inequality report in time for the world economic forum now oxfam says the number of billionaires worldwide has increased to two thousand and forty nine in the past year with their combined wealth going up thirteen percent and there's nothing bad with more billionaires but of course it comes at a price now let's take a look at some of those figures eighty two percent of the global wealth that was created in the last year got to the wealthiest one percent that's what oxfam is saying now let's put that into perspective for example in just four years the c.e.o. of one of the world's top fashion brands earns as much as a seamstress in bangladesh her entire life and to make things even worse oxfam also notes that billionaires are usually experts in tax avoidance they're paying about two thousand billion dollars less in taxes than they should according to the respective loss of their countries a compare that to development aid paid out by the leading industrial nations to less developed coun

sectors also side to talk more about that we can cross over to helena humphrey in davos helena oxfam the ngo has a pretty strong stance on this. they certainly do have year in oxfam's inequality report server award work cannot well faith point out that eighty two percent of all the wealth generated last year is now in the hands of just one percent of the population to discuss how to close that gap i'm joined now by the executive director of oxfam international will be on you my thank you very much for joining us on d. w. what single way what measure would you recommend to close that gap as soon as possible what do you want people here to do when they leave this luxury resort to see that inequality that we show in our reports of some report is a result of choices that politicians and business people make if they make different choices the gap could close such as so we would like governments political leaders to take the driving seat and manage the economies for the benefit of the majority are not for the few at the top so for example they should institute a living wage a minimum wage which is

s helen humphrey in davos helena oxfam the ngo has a pretty strong stance on this. they certainly do have year in oxfam's inequality report reward work cannot wealth they point out that eighty two percent of all the wealth generated last year is now in the hands of just one percent of the population to discuss how to close that gap i'm joined now by the executive director of oxfam international will be annie my thank you very much for joining us on d.w. what single way what measure would you recommend to close that gap as soon as possible what you want people here to do when they leave this luxury resort you see that inequality that we show in our report of some report is a result of choices that politicians and business people make if they make different choices the gap could close such as so we would like governments political leaders to take the driving seat and manage the economies for the benefit of the majority are not for the few at the top so for example they should institute a living wage a minimum wage which is a living wage people at the bottom can have a

address the things that we care about most whether it's an ngo that's looking at housing or whether it's save the children or whether it's oxfam looking at poverty in the u.k. or the joseph roundtree foundation who you found that one in eight people that are working a living in poverty there's many of these organizations that are recognizing that to address all these concerns we have to look at where the power is and where the wealth is and so yes i think there is a kind of common discourse that we have to look at inequality if we're going to fight for the causes that are really important to us about the danger that. these elites will actually divide those who are already poor from one another there's obviously case of malnutrition in britain legacy arguably the twenty rate rises how because they can see the c.e.o.'s earning that much money is this ninety nine percent because they are dividing itself did you see anything like that in the research where we need to build a new narrative and what we need is a new economic model that works better for people and that doesn't build those kind of divides in society that you're referr