21 January 2019

A new report by the charity Oxfam has uncovered staggering levels of wealth inequality.

The 26 wealthiest people on the planet own as much wealth as half of the world's population, a dramatic reduction from last year's total of 43.

Scottish Labour leader Richard Leonard said:

"This report lays out the staggering inequalities that exist in our society.

"We have an economy that does not reward hard work but instead rewards inherited wealth.

"When just 26 people own as much wealth as half the planet, it's time for change.

"That is why Labour governments at Holyrood and Westminster will tackle wealth as well as income inequality, not only to redistribute income but to redistribute power as well.

"We need to invest in public services and build a much more equal society. That is why I am personally committed to reforms of how we tax earned versus unearned income, and how we tax capital gain versus the weekly wage.”

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