Oxfam Report on Rise of Global Inequality

A new report from Oxfam found that Canadian billionaires saw a one-year $20 billion increase in their wealth. Over the same period (March 2017 – March 2018) wealth held by the poorest half of Canadians remained the same. The report on global inequality Public Good or Private Wealth, makes recommendations including increased spending on public services and higher taxes on rich individuals and large corporations.

Oxfam Canada estimates that one-year growth in the wealth of Canada’s billionaires “would have been enough to make universal child care affordable and accessible to all Canadian families.”