CLEAN : Richest 1% own more than the rest of us: Oxfam

The video discusses the growing wealth disparity, highlighting how 62 individuals have seen their wealth increase by half a trillion dollars while the poorest half of the planet has lost a trillion. It emphasizes the need for action against tax havens, which hold $7.6 trillion, depriving schools and hospitals of funds. Despite some efforts by the G20, significant issues remain unaddressed, particularly affecting developing countries. The video calls for breaking the cycle of wealth and power, urging governments to ensure fair taxation and investment in health and education. It also highlights the role of the elite in driving change and the need for strong voices to advocate for action.

What is the main issue highlighted in the first section regarding wealth distribution?

• The wealth of 62 people decreased by half a trillion dollars.

• The poorest half of the planet saw their wealth increase by a trillion dollars.

• World leaders have taken significant action to address wealth disparity.

• 62 people saw their wealth increase by half a trillion dollars.

How much money is estimated to be hidden in tax havens worldwide?

• $1 trillion

• $500 billion

• $100 billion

• $7.6 trillion

What was the G20's response to the issue of tax havens?

• They completely resolved the issue.

• They ignored the problem entirely.

• They agreed on measures but omitted tax havens.

• They increased taxes on the wealthy.

What is the impact of tax havens on developing countries, according to the second section?

• They provide additional funding for education.

• They result in a loss of $100 billion to poor countries.

• They have no impact on developing countries.

• They help developing countries save money.

What is suggested as a necessary action to break the cycle of wealth and power?

• Ensure fair taxation and investment in public services.

• Increase the wealth of the elite.

• Reduce taxes for the wealthy.

• Ignore the influence of gatherings like Davos.