Billionaires On The Bus By Julie Delahanty

1285 Words6 Pages
Article 01 On January 19, 2016, Julie Delahanty published an article called “Billionaires on the Bus: Income Inequality and the Future of Poverty”. Julie Delahanty is an executive director of Oxfam Canada. The article is based on the Oxfam Briefing Paper, titled “the Richest 62 people as An Economy for the 1%”. The article explains that inequality is an important crisis that needs to be addressed, as it promotes cohesion and growth in all facets of the population and economy. Unfortunately, the article’s eye-catching title is a reality in Canada. The wealth gap between the rich and poor is continually increasing. The number of billionaires in the world is so small that they can fit in a single school bus. Sixty-two people now own as much wealth as half the world’s population. The article explained the sad reality of inequality in the United States. It sheds light that the wealth of the poorest half of the world’s population has fallen by a trillion US dollars in just five years, while the wealth of the richest 62 people on the planet just kept growing. The article emphasizes that to truly tackle inequality and address extreme poverty several actions must be taken. These must include working with global leaders to end the era of tax havens, supporting women’s rights organizations and helping developing countries provide universal…show more content…
Moreover, the rich are getting richer while the poor are simply getting poorer. Regardless of the fact that Goldman 's article is two years old, it confirms and supports Oxfam’s article. These articles similarly express the need and objective of working and co-operating between and across organizations. This will result in a healthy and functioning economy and eventually serve to decrease the wealth gap, thus ensuring

    More about Billionaires On The Bus By Julie Delahanty

      Open Document