What Oxfam's Misleading Stat Gets Wrong About Inequality

What Oxfam's Misleading Stat Gets Wrong About Inequality
economix

Every year, Oxfam adds up the wealth of the world's poor, compares it to the wealth of the world's ultra-rich, and comes out with some shocking statistic. This year, it's that the eight richest men in the world, between them, have the same amount of wealth as the bottom 50% of the population combined.

That's pretty obscene, on its face. Except, when you look closer, it doesn't really tell you very much.

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