An end to extreme wealth by 2025. Reversing increasing extreme inequality and aim to return inequality to 1990 levels.
The trouble with this, aside from the fact that economics is not a zero-sum game, has been pointed out by Tim Worstall at the ASI...
Global inequality, the only form of inequality that a good little liberal should be concerned about at all, has fallen over the years.
But perhaps Oxfam are thinking mainly about the situation in the UK where inequality has presumably risen sharply since 1990. It must have done, because they say so in their report:
"In the UK inequality is rapidly returning to levels not seen since the time of Charles Dickens."
No doubt many people believe this, but as this graph from the Office for National Statistics shows, the Gini coefficient, the standard measure of inequality, is not rising—let alone rising rapidly. There hasn't been any real rise in inequality for the best part of a quarter of a century and inequality is lower today than it was in Oxfam's hallowed year of 1990. Job done, then. Next.
You'd think that Oxfam would take five minutes to check widely available statistics before pontificating on a subject. I'm sure it was an honest mistake. The alternative explanation—that they made a conscious decision to mislead the public because they're a bunch of lying leftards—is too horrible to consider.
