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‘Bogus’ And ‘Misleading,’ Oxfam’s Inequality Stats Slammed By Economists“In a world where one in nine people go to bed hungry every night, we cannot afford to carry on giving the richest an ever bigger slice of the cake,†says Oxfam’s GB chief executive Mark Goldring. Not only is Oxfam’s report highly misrepresentative but Southwood argues the most relevant measures of inequality show a totally different picture.“By Oxfam’s measures, the poorest people in the world are recent Harvard graduates with student debt piles. The bottom two billion don’t have zero wealth, but rather about $500bn of negative wealth. The poorest person in the world is richer than the next 30 percent put together. Having negative wealth may actually be a sign of prosperity since only people with prospects can secure loans.â€
...governments and policymakers around the world can choose to seize this opportunity and be leaders in challenging inequality and restoring social and economic justice. Governments everywhere must commit to a more progressive agenda for redistribution and for a fairer world.
During his tenure, Goldring has also been the subject of controversy, after revelations in the press about his perceived ‘excessively’ high salary. Are six-figures salaries justifiable in the charitable sector? He is quick to defend the figure. “My salary is the same as a senior headmaster or doctor,†he argues. “It doesn’t compare to big business – nor should it. I believe that my salary is pitched at just the right levelâ€.