© 2026 ABC News

O'Brien called the United States' latest tax law \"a master class on how to favor massive corporations and the richest citizens\" because it \"rewards US companies that have trillions stashed offshore, encourages US companies to dodge foreign taxes on their foreign profits, and fuels a global race to the bottom that benefits big business and wealthy individuals at the expense of poor people everywhere.\"

Every day, Oxfam reported, about 10,000 people die because they can't access affordable healthcare.

\"The only winners in the race to the bottom on corporate tax are the wealthiest among us,\" O'Brien added. \"Now is the time to work towards a new set of tax rules that work for the many, not the few.\"

","canonicalUrl":"https://abcnews.com/Politics/billionaire-fortunes-grew-12-percent-2018-worlds-poorest/story?id=60516250","legacySlug":"/news/story/billionaire-fortunes-grew-12-percent-2018-worlds-poorest-60516250","noIndexNoFollow":false},"publishTime":"08:06","publishDate":"01-21-2019","updatedTime":"18:59","updatedDate":"01-21-2019","socialImage":{"alt":"People set up the main stage at the congress center where the annual meeting of the World Economic Forum 2019, WEF, take place in Davos, Sunday, Jan. 20, 2019.","credit":"AP","ratio":"16x9","url":"https://s.abcnews.com/images/Politics/davos_oxfam_190121_hpMain_16x9_1600.jpg","width":992,"height":558},"datePublished":"1/21/2019 08:06:00 GMT","video":{"live":false,"id":60516250,"headline":"Billionaire fortunes up, poorest now poorer: Oxfam","mediaAssetTitle":"DOOM_oxfam_190121","description":"Billionaire fortunes grew by about $2.5 billion each day last year.","duration":"0:31","posterImg":{"url":"https://s.abcnews.com/images/GMA/default-img-undefined.png","width":608,"height":342},"video":{"feed":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/01/190121_wabc_billionaires_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8"},"playlist":["135219568","135145820","134977845"]},"relatedItems":[{"contentType":"video","date":"July 30, 2026","headline":"US launches new retaliatory strikes on Iran after attack on US forces","section":"News","slug":"/video/135219568","id":"135219568","image":{"alt":"VIDEO: US launches new retaliatory strikes on Iran after attack on US forces","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: US launches new retaliatory strikes on Iran after attack on US forces","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260730_gma_scott_iran3_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"July 28, 2026","headline":"Tornadoes touch down as severe storms sweep East","section":"News","slug":"/video/135145820","id":"135145820","image":{"alt":"VIDEO: Tornadoes touch down as severe storms sweep East","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Tornadoes touch down as severe storms sweep East","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260728_gma_perez_tornadoes2_703_hpMain_1x1_1600.jpg"}}]}},{"contentType":"video","date":"July 22, 2026","headline":"Malcolm-Jamal Warner's widow sues his mother after drowning death","section":"News","slug":"/video/134977845","id":"134977845","image":{"alt":"VIDEO: Malcolm-Jamal Warner's widow sues his mother after drowning death","credit":"ABCNews.com","ratio":"1x1","url":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_1x1_608.jpg","width":384,"height":384},"images":{"alt":"VIDEO: Malcolm-Jamal Warner's widow sues his mother after drowning death","credit":"ABCNews.com","crops":[{"16x9":{"small":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_16x9_608.jpg","medium":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_16x9_992.jpg","large":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_16x9_1600.jpg"}},{"9x16":{"small":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_9x16_608.jpg","medium":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_9x16_992.jpg","large":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_16x9_1600.jpg"}},{"1x1":{"small":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_1x1_608.jpg","medium":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_1x1_992.jpg","large":"https://s.abcnews.com/images/GMA/260722_gma_norwood_warner1_734_hpMain_1x1_1600.jpg"}}]}}],"relatedContentSection":"news","schemaContent":{"name":"Billionaire fortunes up, poorest now poorer: Oxfam","description":"Billionaire fortunes grew by about $2.5 billion each day last year.","duration":"0:31","uploadDate":"01-21-2019","publication":"01-21-2019","images":"https://s.abcnews.com/images/GMA/default-img-undefined.png","url":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/01/190121_wabc_billionaires_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","contentUrl":"https://service-pkgabcnews.akamaized.net/opp/hls/abcnews/2019/01/190121_wabc_billionaires_,500,800,1200,1800,2500,3200,4500,.mp4.csmil/playlist.m3u8","link":"https://www.goodmorningamerica.com/news/story/billionaire-fortunes-grew-12-percent-2018-worlds-poorest-60516250"}},"playlist":[{"id":"135222489","contentType":"story","section":"news"},{"id":"135236246","contentType":"story","section":"news"},{"id":"135259626","contentType":"story","section":"news"},{"id":"135189298","contentType":"story","section":"news"},{"id":"135195168","contentType":"story","section":"news"},{"id":"134926667","contentType":"story","section":"news"},{"id":"135120534","contentType":"story","section":"news"},{"id":"134959102","contentType":"story","section":"news"},{"id":"134910526","contentType":"story","section":"news"},{"id":"134846473","contentType":"story","section":"news"},{"id":"134848966","contentType":"story","section":"news"},{"id":"134761751","contentType":"story","section":"news"},{"id":"134787741","contentType":"story","section":"news"},{"id":"134782596","contentType":"story","section":"news"},{"id":"134741027","contentType":"story","section":"news"},{"id":"134751717","contentType":"story","section":"news"},{"id":"134708317","contentType":"story","section":"news"},{"id":"134548164","contentType":"story","section":"news"},{"id":"134542058","contentType":"story","section":"news"},{"id":"134416060","contentType":"story","section":"news"}],"kvps":{"pgtyp":"article","lang":"en","sp":"goodmorningamerica","programmatic":"true","bundleId":"com.abcnews"}},"analytics":{"accountID":"wdgnewwdgnewgmaweb","ns":"gma","pageName":"gma:news:video","pageType":"video","globalSpecVersion":"v1.08","siteDifferentiator":"gma:site","tagID":"g_page01","userABCookie":"0","section":"news","title":"Billionaire fortunes up, poorest now poorer: Oxfam","pubTime":"03:06","pubDate":"01-21-2019","modTime":"13:59","modDate":"01-21-2019","taxonomyTags":"none","id":60516250,"editorialOtherSubjects":"","wordCount":"none","columns":"none","authors":"","authorsUnit":"none","authorsBureau":"none","subBrand":"Good Morning America","provider":"Good Morning America","videoName":"Billionaire fortunes up, poorest now poorer: Oxfam","mediaAssetTitle":"DOOM_oxfam_190121","videoId":60516250,"mediaOnPage":"video","legacySlug":"/news/story/billionaire-fortunes-grew-12-percent-2018-worlds-poorest-60516250"},"taboola":{}},"request":{"headers":{},"httpVersion":"1.1","method":"GET","url":"/video/60516250","vary":{"host":"www.goodmorningamerica.com","cached":true,"path":"/video/60516250","forwarded-proto":"https","device":"desktop","userab":"0"}},"viewport":{"width":1260,"height":0},"user":{}};