Gap between rich, poor growing, fuelling global anger - Oxfam

Gap between rich and poor growing. [Photo: Courtesy]

NAIROBI- Tax systems that put a high burden on the poor mean public services are underfunded, stretching the gap between rich and poor and fuelling global public anger, Winnie Byanyima, executive director of Oxfam International, said on Monday.

The Nairobi-headquarted charity said in a report that a new billionaire was created every two days last year, just as the poorest half of the world’s population saw their wealth decline by 11 percent.