The truth of your country: 73% of assets in 1% pocket, 17 new billionaires in 2017

The report is being released on the occasion of the annual meeting of the World Economic Forum in Davos, Switzerland city.

World Economic Forum 2018: Will you believe that in 2017, less than three quarters of the property in the country went to one percent of the rich, whereas more than half of the population's property grew by just one per cent.

These shocking facts have come out in Oxfam's new report 'Reward Works, Not Wealth'. The results have been removed based on various authentic data and online survey. The report is being released on the occasion of the annual meeting of the World Economic Forum in Davos, Switzerland city.

Special things related to India-

• During the year 2017, 17 new billionaires became The number of billionaires reached 101. The number of billionaires in 2000 was just 9.


• Property of billionaires has risen by Rs 4891 billion to reach 20676 billion rupees. 4891 billion rupees is equivalent to 85 percent of the state's education and health budget.


• In the past year, 73 per cent of the total assets went from one per cent to the rich and 67 million poor Indians, which constitute half of the population, increased their property by just 1 per cent.
• Nearly one percent of the country's population has 73 percent of the property.


• 37 percent of the billionaires get wealth in inheritance They have 51 percent of the billionaires' total assets.


• The number of women billionaires is just 4 and three of them have inherited the property.


• In the 101 billionaires, 51 are 65 years of age or more. He has assets worth Rs 10544 billion in total. Now if in the next 20 years the property is named after the successor of Rs. 10544 and inheritance tax is levied at 30 per cent. So the government will earn 3176 billion rupees. This amount will be enough to spend on medical and public health, family welfare, water and sanitation, housing, urban development and labor and labor welfare in all states.


• In the next 20 years, the world's richest 500 people will name their heirs of 2.4 billion dollars. These 130 million countries are more than India's GDP.


• In countries like India and the Philippines, less than one in every two of the textile industry gets less than the minimum wages.


• A laborer who receives minimum wages in rural India will take 941 years to earn the equivalent salary of Chief Textile Company CEO.
• In the rural India, a laborer working on the minimum wage earns only 17.5 days to earn the same amount of earning in his entire life (about 50 years he works).


• Between 2018 and 2022, there will be 70 new Lakhpatis in the country everyday.


In view of all these results, Oxfam has given some suggestions to the government. For example,



• In the income of the bottom 40% of the country's population, higher class 10% of the population should be increased faster than the income of the population, which can reduce the inequality between the two sections and the country's consolidated development. All this can be done by promoting a labor-based sector, which can create job opportunities in the country. This is also possible by investing in agriculture and better implementation of social security schemes.


• The tax system is strong. Be strict action against tax collectors


• Legacy tax should be re-imposed.
• The corporate sector has the minimum tax exemption.


• Expenditure on education and health should be increased.


• Transparency in data should be brought out and high quality data on income and property should be prepared. Take steps to monitor the government on the increasingly absenteeism.



World-class results


The report says, "Even at the world level, 82% of the total assets of the previous year have accumulated only 1% while the number of the population of 37.7 million, which is half of the population, has not increased." Some of the surprising facts about the global economy are as follows:





• The number of billionaires has increased rapidly in the year 2017. Increasing the number of billionaires, almost every day, at the rate of two billionaires. Since the year 2010, the average assets of billionaires have increased at an average rate of 13% every year, which is six times 
• billionaires. Since the year 2010, the average assets of billionaires have increased at an average rate of 13% every year, which is six times the speed increase of the workers compared to the wages of ordinary workers. According to the annual increase of about 2% annually.


• A garment artisan of Bangladesh knows how much money it has earned throughout its lifetime, the CEO of the world's four big fashion brands earn only in four days. The CEO of America takes only one day in so many commands.


• To increase the livelihood of 2.5 million garment workers in Vietnam, to increase their livelihood, the expenditure will be Rs 2.2 crores in a year. It is about one-third of the amount given to 5 great companies by the Garment Sector to their rich shareholders.



It was also reported in the report that women workers often find themselves at the lowest level. Women worldwide earn less income than men and less engaged in low income and low sun work. Typically, 9 out of ten billionaires are only men. There are only four women billionaires in India, three of whom have inherited the property.


Survey base


The results of the survey were achieved on the basis of online survey conducted between 70 countries of 10 countries (India, Nigeria, US, UK, Mexico, South Africa, Spain, Morocco, Netherlands and Denmark). In these countries two-thirds of these people believe that there is a need to take immediate steps to remove the inequality between the rich and the poor. On the other hand, while talking about the participants, 84% of them 
agree that the gap between rich and poor sections in the country is very high. 73% Indian wants to take steps to overcome this deep gap with the immediate effect of the government.


Oxfam Assessment is based on Global Wealth Distribution data, which is given by Credit Suisse Wealth Data Book 2017. Assets of billionaires are based on the list of billionaires issued by Forbes in 2017.