Income Inequality Rising: 3.5 Billion Live in Poverty, Including Struggling Latinos in the U.S. [VIDEO]
It's evident that income inequality in the United States and abroad is beyond unreasonable. More and more Americans are finding it harder to make ends meet, with 14.5 percent of U.S. households struggling to put enough food on the table. More than 48 million Americans -- including 15.9 million children -- live in these households.
In addition, more than one in five children is at risk of hunger. Among African-Americans and Latinos, nearly one in three children is at risk of hunger, statistics show.
Recently, Upworthy featured a clip from The Lang & O'Leary Exchange on the Canadian Broadcasting Corp. that touched upon an Oxfam International report that indicates that "the 85 richest people in the world have as much wealth as the 3.5 billion poorest."
The report also said that "Almost half of the world's wealth is now owned by just one percent of the population; the wealth of the one percent richest people in the world amounts to $110 trillion -- that's 65 times the total wealth of the bottom half of the world's population."
Kevin O'Leary, one of the investors on Shark Tank, shared his thoughts on the matter -- and as a member of the one percent, he declared that it's "great" that 3.5 billion are in poverty.
While O'Leary didn't target any ethnicities or nationalities, he still made unrealistic and offensive comments.
"This is fantastic news and of course I applaud it..." O'Leary said. "If you work hard, you may be stinking rich someday."
"It's like he's a living example of rich white male privilege: 'Anybody can be me!'" said Upworthy's Brandon Weber.
"Just to be clear, I'm not jealous of his wealth. Or what he had to do to get it. But many of those 3.5 billion in poverty never even get a chance to try to 'be somebody,'" Weber added. "Once we level that playing field, we can start talking about 'looking up to the 1 percent.'"
Earlier this month, Gustavo Torres, the executive director of CASA de Maryland, a community organization that works with low-income Latinos and their families, shared his thoughts on the contributing factors surrounding poverty and possible solutions with The New York Times.
"As Nelson Mandela once said: 'Like slavery and apartheid, poverty is not natural. It is man-made and it can be overcome and eradicated by the actions of human beings.' And yes, today more than ever the United States needs another war on poverty; indeed, we need to eradicate poverty, and immigration reform and an increase in the minimum wage are steps in the right direction."
Torres points out we could learn from "experience of South Americans in their war against poverty in the midst of democracy." For instance, Brazil's "Zero Hunger" program, which he considers to be "the most extraordinary example," where "Brazilians have managed to move 40 million people out of poverty into the middle class in the last 10 years." Ecuador, Uruguay and Venezuela are following suit.
"The fight for comprehensive immigration reform, in addition to bringing respect and dignity for Latinos -- which is no small thing -- is primarily an antipoverty policy," Torres said.
He highlighted a study by the University of California, Los Angeles, that found that legalized immigrants earn higher salaries, obtain better jobs, start businesses and buy houses. Additionally, the study's forecast found that immigration reform "will add $1.5 trillion to the gross domestic product over 10 years," thus enabling immigrant workers full labor rights, and resulting "in higher wages -- and greater worker productivity -- for all workers in industries where large numbers of immigrants are employed."
Besides the minimum wage increase, other "anti-poverty tools" include investing in health and education for future generations.
"Investment in early child education is critical to remove Latinos from poverty and discrimination," Torres added.
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