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Oxfam: 85 Wealthiest People Own as Much as Half the World's Population

The human rights group Oxfam reported that the wealth of the world's 85 richest people is equal to that of the poorer half the world's population. Oxfam released a study on global inequality Monday, ahead of a meeting this week of government and business leaders at the World Economic Forum in Davos, Switzerland. The report said wealthy elites have used their political power to get lower tax rates, hide wealth offshore, and otherwise serve their own interests, to the...

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