Oxfam International, whose executive director, Winniw Byanyima, will co-chair the hugely influential World Economic Forum in Davos, has called for world leaders to implement a seven point plan which includes a minimum income guarantee.
The World Economic Forum’s annual meeting also referred to as the Davos Summit, is a hugely influential meeting of world leaders including politicians, business leaders, academics, NGOs and others who meet to discuss issues of importance effecting the world.
The decision to invite Byanyima comes as Oxfam releases a report on global economic inequality which suggests that the global 1% own about half of the world’s wealth. Oxfam’s seven point plan is an attempt to address this issue. The full point regarding minimum income reads ‘Ensure adequate safety-nets for the poorest, including a minimum-income guarantee.’ Other proposals such as ‘clamping down on tax dodging by corporations and rich individuals’ and ‘shifting the tax burden from labour and consumption to capital and wealth’ are also included.
Other co-chairs include Jim Yong Kim, President of the World Bank and Eric Schmidt, Executive Chairman of Google.
For more information, see:
Larry Elliott, Ed Pilkington, “New Oxfam report says half of global wealth held by top 1%”, The Guardian, 19 January 2015
Oliver Cann, “Meet the co-chairs for Davos 2015”, Agenda, 04 December 2014
World Economic Forum, “About us”, World Economic Forum
