The world’s 26 richest billionaires own as much as the poorest 50% – an unjust situation at odds with the gospel

A shocking statistic published a couple of days ago shows the extent to which our world is messed up. The top 26 billionaires are as wealthy as 3.6 billion people, according to a report by Oxfam International. The net worth of these mostly American top 26 reached $1.4 trillion last year. Or, to put it another way, the world’s 26 richest people own as much as the poorest 50%. Billionaires, who now number a record 2,208, are growing $2.5 billion richer every single day, while the net worth of the world’s poorest half continues to dwindle.
Since the great recession of a decade ago, the number of billionaires has nearly doubled, a gap that will only increase as China’s economic slowdown sharpens and with Brexit and Trump’s trade war creating more uncertainty.
No wonder there has been an increase in the popularity of extremist parties and individuals, especially on the right.
For all the progress humankind has made, for all our advances in technology and science, for all our progress in human rights, there is a growing gap between rich and poor. The rich will always find ways to protect and increase their wealth, even in times of turmoil and certainty. (Just look at how leading Brexiteers are transferring assets overseas in case their deluded project goes wrong.)
More people than ever are excluded access from a decent, sustainable, even a basic, quality of living. Women suffer the most from equality. Of course, the rich practice philanthropy, and many are genuine about it, but charity is never a substitute for social justice. It simply keeps the current system in place.
As the wealthy gather for their annual powwow at the World Economic Forum in Davos, a plan is needed to more fairly distribute the goods of the earth. Oxfam recommends that nations tax wealth at fairer levels, raise rates on personal income and corporate taxes and eliminate tax avoidance by companies and the super-rich.
Here in Ireland, as we celebrate the centenary of the first Dail, we also have a long way to go to build a more just society.
Action for justice is a Christian imperative. The church has a whole body of teaching built up over decades that speaks about the rights of workers and of the poor, a body of teaching that places the church and its members firmly on the side of the oppressed. In fact, the church teaches that action for justice is a constitutive part of living the Gospel. It is not enough for us to tell the poor, the abused, the unjustly treated, that we will pray for them or that we will give money to charity to support them. We must also do whatever we can to address the injustice. Our faith compels us to be concerned for justice and to work for it.
We must support all efforts to build a fairer, more just world.

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Author: frommypulpit

I'm a Redemptorist preacher and writer, with an interest in history, politics, and sport, who is living with chronic back pain.

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