“Billionaires’ wealth is growing by $2.7 billion each day, while at least 1.7 billion people currently reside in nations where inflation is exceeding incomes,” says Oxfam report
"Tax the wealth of the super-rich at rates high enough to systematically reduce extreme wealth and lower power concentration and inequality," report.
The world’s richest one percent reaped over two-thirds of the $42 trillion in new wealth created since 2020, which is “nearly twice as much money as the bottom 99 percent of the world’s population”. It added that for the first time in 25 years, extreme wealth and extreme poverty have expanded together.
According to the World Bank, the world is likely seeing the most significant increase in global inequality and poverty since WW2. Moreover, with debt obligations spiralling out of control, all nations are on the verge of bankruptcy. Many at the top are experiencing significant benefits due to the present cost-of-living crisis, which is characterised by rising food and energy costs. Energy and food companies are reporting record profits and paying out record dividends to their billionaire owners and wealthy shareholders. At least 50 percent of inflation in Australia, the US, and Europe is being caused by corporate pricing gouging, making this crisis both a “cost-of-profit” issue and a “cost-of-living” crisis.
“While ordinary people are making daily sacrifices on essentials like food, the super-rich have outdone even their wildest dreams. Just two years in, this decade is shaping up to be the best yet for billionaires—a roaring ’20s boom for the world’s richest,” said Gabriela Bucher, executive director of Oxfam International.
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.
Oxfam calls for 'billionaire-busting' policies as top 1% gets richerOxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else
Lire la suite »
Oxfam calls for 'billionaire-busting' policies as top 1% gets richerOxfam calls for 'billionaire-busting' policies, says the world's top 1% has been getting richer much faster than everyone else
Lire la suite »
As Davos forum begins, Oxfam calls for ‘billionaire-busting’ taxesThe richest 1 percent of people made almost two-thirds of all new wealth created since the pandemic began, Oxfam said ahead of the World Economic Forum in Davos, Switzerland.
Lire la suite »
'Every Billionaire Is a Policy Failure,' Says Oxfam as Global Elite Gather in DavosAs the world's corporate and political elite convened in Davos, Switzerland for the first winter World Economic Forum in three years, an analysis published Monday by Oxfam International found that the global rich have captured nearly two-thirds of all wealth generated since 2020.
Lire la suite »
'We’ve really lost a decade to lip service about inequality': World's richest 1% captured almost two-thirds of all new wealth created in two years, report says‘We’ve really lost a decade to lip service about inequality’: World’s richest 1% captured almost two-thirds of all new wealth created in two years, report says
Lire la suite »
The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam saysSince 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, according to a new report from Oxfam.
Lire la suite »