To End Extreme Poverty, Let’s Try Ending Extreme Wealth

By Sam Pizzigati | January 27, 2013 

The world’s wealthy gathered in the Alps again last week to discuss how to ‘solve’ the world’s problems. The world’s biggest problem, suggests one top global anti-poverty outfit, may be their fortunes.

Apologists for inequality have a standard retort to anyone who calls for a more equal distribution of the world’s treasure. If you took all the wealth of the wealthy and divvied it up equally among all the poor, the retort goes, no one would gain nearly enough to accomplish much of anything.

Oxfam International, one of the world’s premiere anti-poverty charitable organizations, would beg to differ. The world’s top 100 billionaires now hold so much wealth, says a new Oxfam report, that just the increase in their net worth last year would be “enough to make extreme poverty history four times over.”