A recent report by Oxfam International has found that 8 men are as rich as the poorest 3.6 billion people in the world. These eight include Warren Buffet, Bill Gates, Carlos Slim, Michael Bloomberg, Mark Zuckerberg, Amancio Ortega, Larry Ellison, and Jeff Bezos. Together, they own 426 billion dollars. The report goes on to state that the top 1% of the population controls 42% of the wealth.
These statistics are beyond alarming. Although income inequality is not a new issue, it continues to grow with time. Thoughts? How can the issue of income inequality be tackled?