Is Poverty a Problem?

Is Poverty a Problem?

How did the world come to this – the poorest 40% of the population only account for 5% of global income. What’s even crazier is that the 8 most wealthy people in the world (only 0.0000001% of the world’s population), combined, have the same amount of wealth as the poorest 50% of the total population. That’s $426 billion in the hands of just 8 men. At first glance, this definitely looks like a massive problem! You would think that the likes of Bill Gates, Jeff Bezos and Mark Zuckerberg (who are all part of these 8 men) would be a bit more generous. I mean, under 5% of their total wealth ($20 billion) was the GDP of Afghanistan in 2016!

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