This article was originally published in the Wall Street Journal.
Oxfam, which describes itself as “a global organization that fights inequality to end poverty and injustice,” released its annual inequality report this month. The group warns of “widening and extreme inequality,” noting that the world’s five richest men have doubled their wealth since 2020 while “during the same period, almost five billion people globally have become poorer.” As is often the case with Oxfam, the report is misleading.
