The Reading / Listening - Wealth Inequality - Level 5

The total wealth of the world's 26 richest people is equal to the total wealth of the 3.8 billion poorest. This shocking gap is in a report from the charity Oxfam. It said that since the 2008 global financial crisis, the number of billionaires has doubled. They are also getting $2.5 billion richer every day. This is in contrast to the poorest half of the planet. Their wealth is slowly shrinking as prices and rents rise and wages fall. Oxfam's report highlights the growing gap between the world's rich and poor and the increasing gap in wealth inequality.



The report says that most of the world's wealthy people made their money from technology companies. The world's richest person, Amazon CEO Jeff Bezos, is worth $100 billion. This is 100 times more than Ethiopia's annual health budget. Oxfam said it was time to fix this imbalance in wealth. It wants fairer levels of income tax, and more tax on personal earnings and company profits. It also wants an end to tax avoidance schemes that big companies and the super-rich often use. It said that in many countries, only the rich could afford the "luxury" of quality education and healthcare.

Try the same news story at these levels:

    Wealth Inequality - Level 4 or  Wealth Inequality - Level 6

Sources
  • https://edition.cnn.com/2019/01/20/business/oxfam-billionaires-davos/index.html
  • https://www.aljazeera.com/news/2019/01/oxfam-world-richest-26-wealth-poorest-190121054249908.html
  • https://japantoday.com/category/world/world's-26-richest-own-same-as-poorest-half-of-humanity-oxfam


Make sure you try all of the online activities for this reading and listening - There are dictations, multiple choice, drag and drop activities, crosswords, hangman, flash cards, matching activities and a whole lot more. Please enjoy :-)



Phrase Matching

Paragraph 1

  1. The total wealth of the
  2. the 2008 global
  3. the number of billionaires
  4. in contrast
  5. Their wealth is
  6. prices and
  7. the growing gap between the
  8. the increasing gap
  1. world's rich and poor
  2. has doubled
  3. financial crisis
  4. in wealth inequality
  5. rents rise
  6. world's 26 richest people
  7. slowly shrinking
  8. to the poorest half

Paragraph 2

  1. most of the world's
  2. Ethiopia's annual health
  3. it was time to fix
  4. It wants fairer levels
  5. more tax on personal
  6. an end to tax
  7. only the rich could
  8. education
  1. this imbalance
  2. afford the luxury
  3. of income tax
  4. and healthcare
  5. wealthy people
  6. budget
  7. avoidance schemes
  8. earnings

Listening — Listen and fill in the gaps

The total wealth of the world's 26 richest people (1) ___________________ the total wealth of the 3.8 billion poorest. This (2) ___________________ in a report from the charity Oxfam. It said that since the 2008                          (3) ___________________, the number of billionaires has doubled. They are also getting $2.5 billion richer every day. This (4) ___________________ to the poorest half of the planet. Their wealth is slowly shrinking as prices and rents (5) ___________________ fall. Oxfam's report highlights the growing gap between the world's rich and poor and the (6) ___________________ wealth inequality.

The report says that most of the world's (7) ___________________ their money from technology companies. The world's richest person, Amazon CEO Jeff Bezos, is worth $100 billion. This (8) ___________________ more than Ethiopia's annual health budget. Oxfam said it was (9) ___________________ this imbalance in wealth. It wants fairer levels of income tax, and more tax on personal earnings and company profits. It (10) ___________________ end to (11) ___________________ that big companies and the super-rich often use. It said that in many countries, only the rich could afford (12) ___________________ quality education and healthcare.

Put a slash (/) where the spaces are

Thetotalwealthoftheworld's26richestpeopleisequaltothetotalwealth
ofthe3.8billionpoorest.ThisshockinggapisinareportfromthecharityO
xfam.Itsaidthatsincethe2008globalfinancialcrisis,thenumberofbillio
naireshasdoubled.Theyarealsogetting$2.5billionrichereveryday.Thi
sisincontrasttothepooresthalfoftheplanet.Theirwealthisslowlyshrin
kingaspricesandrentsriseandwagesfall.Oxfam'sreporthighlightsthe
growinggapbetweentheworld'srichandpoorandtheincreasinggapinw
ealthinequality.Thereportsaysthatmostoftheworld'swealthypeople
madetheirmoneyfromtechnologycompanies.Theworld'srichestpers
on,AmazonCEOJeffBezos,isworth$100billion.Thisis100timesmoret
hanEthiopia'sannualhealthbudget.Oxfamsaiditwastimetofixthisimb
alanceinwealth.Itwantsfairerlevelsofincometax,andmoretaxonpers
onalearningsandcompanyprofits.Italsowantsanendtotaxavoidances
chemesthatbigcompaniesandthesuper-richoftenuse.Itsaidthatinm
anycountries,onlytherichcouldaffordthe"luxury"ofqualityeducation
andhealthcare.

Student survey

Write five GOOD questions about this topic in the table. Do this in pairs. Each student must write the questions on his / her own paper. When you have finished, interview other students. Write down their answers.

(Please look at page 12 of the PDF to see a photocopiable example of this activity.)

Discussion — Write your own questions

STUDENT A’s QUESTIONS (Do not show these to student B)

(a) ________________

(b) ________________

(c) ________________

(d) ________________

(e) ________________

(f) ________________

(g) ________________

(h) ________________

STUDENT B’s QUESTIONS (Do not show these to student A)

(i) ________________

(j) ________________

(k) ________________

(l) ________________

(m) ________________

(n) ________________

(o) ________________

(p) ________________





Free writing

Write about this topic for 10 minutes. Comment on your partner’s paper.

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Answers

(Please check your answers against the article above.

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