World’s Richest has More than 4.6 Billion

The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said on Monday.

And here in the U.S., a Congressional Research Service report, indicated the wealthy benefited from Trump’s tax cuts more than others. “Most of the tax cut went to businesses and higher income individuals who are less likely to spend the increases,” reads the report. The richest 5 percent of taxpayers will receive $145 billion in tax cuts in 2020, which is half of the law’s benefits that go to U.S. taxpayers. The richest 20 percent of taxpayers will receive $205 billion in 2020, which is 72 percent of the law’s benefits that go to U.S. taxpayers.

Still believe Trump Administration is working for the average ‘Joe?’



Categories: Social Justice

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