Brazil decades behind on inequality

Written by David Fletcher 29 Sep 2017
Brazil decades behind on inequality

Oxfam research shows that Brazilians earning the minimum wage would have to work for nineteen years to make as much as a rich person in Brazil’s top 0.1% makes in one month. At the current pace it would take Brazil 75 years to reach the UK’s current level of income equality. Oxfam had already reported that just six Brazilians own as much money as the poorest half of the country. ‘This is an unjust, unacceptable, and unsustainable situation,’ said Oxfam Brazil’s executive director. ‘We cannot dance around this any more; tackling inequality head-on is everyone’s responsibility. This report is our way of kick-starting this conversation.’ Experts say Brazil’s current situation is due to a backsliding tax system; racial and gender discrimination that erodes the rights of women and black Brazilians; a political system that concentrates power; and politicians highly prone to corruption.

Additional Info