Wealth proliferates, yet a person dies every 4 seconds due to poverty

by B. R. GOWANI

IMAGE/Loliwe Phiri/Oxfam (right) and Don Donelson/Shutterstock (left)/Oxfam – Canada

in 1965, a CEO in the US earned 21 times more than the worker

in 2020, a CEO in the US earned 351 times more than the worker

if the US was truly democratic, “21 times” would have decreased

the 25 richest billionaires in the US paid taxes at the rate of 3.5% only

not much different are rest of the billionaires in other countries

extreme wealth disparity among humans leads to a death every 4 seconds

IMF (International Monetary Fund) adds more misery to poor countries

Oxfam International interim Executive Director, Amitabh Behar noted:

“… the IMF was four times more effective in getting governments to cut their budgets than it is in guaranteeing minimum social investments.”

the budget cutting affects programs benefiting poor people and women

that is always the case ….

B. R. Gowani can be reached at brgowani@hotmail.com

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