The report from Oxfam comes as wealthy and powerful leaders gather for the World Economic Forum in Davos.
For every dollar of new global wealth earned by a person in the bottom 90% during the first two years of the COVID-19 pandemic, a billionaire got $1.7 million, according to a new analysis from the anti-poverty group Oxfam.
Oxfam said a “flood of public money pumped into the economy by rich countries” during the pandemic, combined with tax policies that favor the wealthy, higher corporate profits and rising prices, helped to fuel a surge in wealth for the world’s richest people. To reverse a trend of widening inequality, taxes must be raised on the richest people in the world, the organization said.
Oxfam, which relied on data from Credit Suisse’s global wealth report, as well as Forbes’ Billionaires List and Forbes’ Real-Time Billionaires List, for its report, found that over the past 10 years, the world’s richest 1% nabbed more than half of all new global wealth, with their share of global wealth only accelerating further during the pandemic.
There has similarly been a “great erosion” of top marginal income tax rates and corporate tax rates, Ahmed noted.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Tucson high-altitude balloon firm World View to go publicTucson-based high-altitude balloon operator World View Enterprises plans to go public on the New York Stock Exchange through a merger.
Lire la suite »
Meatball Recipes from Around the WorldFrom Turkish koftes to Ukrainian frikadelki to the cheese-topped Italian American classic, there’s something for everyone in our best meatball recipes from around the world.
Lire la suite »
Canadian man aims for Guinness world record for most marathons ran in a yearIt’s a gamble, but one that’s worthwhile to Ben Pobjoy.
Lire la suite »
The World Turns to Social Media to Mourn Lisa Marie Presley’s DeathLisa Marie Presley passed away on Thursday, and members of her family aren’t the only ones mourning the loss, as was made abundantly clear when social-media statements from influential figures inside and outside the music industry began rolling in.
Lire la suite »
Are Secret Negotiations Underway To Increase the Power of the World Health Organization?According to some conspiracy theorists, the World Health Organization is holding a secret meeting that will greatly expand its legal authority.
Lire la suite »
'Boy Meets World's Ben Savage Announces Engagement to Tessa AngermeierBoy meets Fiancée! Ben Savage is engaged!
Lire la suite »