Wealth of world's 10 richest men doubled in pandemic, Oxfam says

Wealth of world's 10 richest men doubled in pandemic, Oxfam says

1/17/2022 12:45:00 PM

Wealth of world's 10 richest men doubled in pandemic, Oxfam says

Covid-19 has made the rich richer while poverty has increased, the charity Oxfam says.

"This year, what's happening is off the scale," he said. "There's been a new billionaire created almost every day during this pandemic, meanwhile 99% of the world's population are worse off because of lockdowns, lower international trade, less international tourism, and as a result of that, 160 million more people have been pushed into poverty."

While collectively their wealth grew from $700bn to $1.5tn, there is significant variation between them, with Mr Musk's fortune growing by more than 1,000%, while Mr Gates' rose by a more modest 30%.The Forbes survey uses the value of an individual's assets, mainly property and land, minus debts, to determine what he or she "owns". The data excludes wages or income.

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Which is why they want to sabotage Faci and Biden’s attempts to arrest the pandemic. Wealth and opportunity gravitate - age old economics! Well done Oxfam. You beg for money from the rich and poor. We thought you were doing charity work until we read how much you paying your top guys. Huge money. Should we talk about that instead. Elon sells cars. You?

I’m British citizen stuck in Afghanistan under uncivilized regime without food, shelter and security. PenFarthing and Ben slater got out of here. We could of been on that plane too. But govt doesn’t care about us. Don’t know why is that. 2 of them shot themselves off into space. That’s how they laugh at us mugs.

In fact all hope was lost until I met him, this amazing manager who changed my life within one week, My friends i will forever be grateful to Mr Josh for helping me recovered all my losses. I earn $8000 weekly. Email :: mendjosh50gmail.com WhatsApp Number :: +1 567-321-0200 Frankly, Oxfam's opinion on anything is rather irrelevant since a particular scandal occured.

They may well have done, but they didn't have their staff shagging youngsters in crisis hit areas. Strange that, while they get fatter at the other end, people got poorer like the families in lockdown could not afford Internet connections or have laptops so kids could learn at home. Food banks, poor social housing and a high death toll from covid.

World’s 10 richest men see their wealth double during Covid pandemicOxfam calls for windfall tax as 99% of world population takes a pay cut while top 10 incomes grow by $1bn a day 15 Highest paid world leaders and presidents in 2021 - Annual salary - age we're fkd. We no longer have democracies, we're slipping back into a feudal system. Turns out the 10 richest men are good at making money

Fortunes of world’s 10 richest men more than doubled in pandemic, Oxfam claimsAnti-poverty group Oxfam calls for governments to impose one-time 99% tax on world’s billionaires And their employees still suffer as always 🤦 We are supplying Medical, Surgical, FMCG & Solar Products at the least price to our customer's orders. we supply for all projects and Donations of companies & Trust's (NGO'S) up to $1 USD Billion. If any need kindly contact in cell:+91-9952887012, email: SSCSIPL18GMAIL.COM If Oxfam say it, it's not a claim, it's a statement of fact. Who told you to cast doubt and write 'claim'?

Fortunes of world’s 10 richest men more than doubled in pandemic, Oxfam claimsAnti-poverty group Oxfam calls for governments to impose one-time 99% tax on world’s billionaires And their employees still suffer as always 🤦 We are supplying Medical, Surgical, FMCG & Solar Products at the least price to our customer's orders. we supply for all projects and Donations of companies & Trust's (NGO'S) up to $1 USD Billion. If any need kindly contact in cell:+91-9952887012, email: SSCSIPL18GMAIL.COM If Oxfam say it, it's not a claim, it's a statement of fact. Who told you to cast doubt and write 'claim'?

World’s 10 richest men see their wealth double during Covid pandemicOxfam calls for windfall tax as 99% of world population takes a pay cut while top 10 incomes grow by $1bn a day 15 Highest paid world leaders and presidents in 2021 - Annual salary - age we're fkd. We no longer have democracies, we're slipping back into a feudal system. Turns out the 10 richest men are good at making money

Better sick pay, testing and ventilation: Labour’s Covid plan to keep UK openParty aims to weaken Johnson’s attempts to take credit for handling of the pandemic with its 10-point strategy So they plan on treating covid and all that comes with it forever? So vaccine passports to travel, without applying pressure on other countries, forced costs for business, forced mandates and requirements for citizens, etc. forever? And they think this makes them win?

Covid-19: Week of thanks to Bristol NHS staff beginsPeople are sending personalised messages to hospital staff for their efforts during the pandemic. Lots of good things about Bristol. Just a thought, are the unvaccinated Nurses, Drs and other staff being thanked. TogetherDeclaration NoMandatoryVaccine COVID

More Covid victims in 'left behind' communities This week's discussions will include the likely future path of the pandemic, vaccine equity and the energy transition. Danny Sriskandarajah, Oxfam GB's chief executive, said the charity timed the report each year to coincide with Davos to attract the attention of economic, business and political elites. "This year, what's happening is off the scale," he said. "There's been a new billionaire created almost every day during this pandemic, meanwhile 99% of the world's population are worse off because of lockdowns, lower international trade, less international tourism, and as a result of that, 160 million more people have been pushed into poverty." "Something is deeply flawed with our economic system," he added. According to Forbes figures cited by the charity, the world's 10 richest men are: Elon Musk, Jeff Bezos, Bernard Arnault and family, Bill Gates, Larry Ellison, Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer and Warren Buffet. While collectively their wealth grew from $700bn to $1.5tn, there is significant variation between them, with Mr Musk's fortune growing by more than 1,000%, while Mr Gates' rose by a more modest 30%. How does Oxfam work out the figures? Oxfam's report is based on data from the Forbes Billionaires List and the annual Credit Suisse Global Wealth report, which gives the distribution of global wealth going back to 2000. The Forbes survey uses the value of an individual's assets, mainly property and land, minus debts, to determine what he or she "owns". The data excludes wages or income. The methodology has been criticised in the past as it means that a student with high debts, but with high future earning potential, for example, would be considered poor under the criteria used. Oxfam also says that due to the fact prices have risen during the pandemic, it has adjusted for inflation using the US Consumer Price Index (CPI), which tracks how fast the cost of living has is increasing over time. Oxfam's report, which was also based on data from the World Bank, said a lack of access to healthcare, hunger, gender-based violence and climate breakdown contributed to one death every four seconds. It said 160 million more people were living on less than $5.50 (£4.02) a day than would have been without the impact of the Covid pandemic. The World Bank uses $5.50 a day as a measure of poverty in upper-middle-income countries. The report also says: The pandemic is forcing developing countries to slash social spending as national debts rise Gender equality has been set back, with 13 million fewer women in work now than in 2019 and over 20 million girls at risk of never returning to school Ethnic minority groups have been hardest hit by Covid, including UK Bangladeshis and the US's black population "Even during a global crisis our unfair economic systems manage to deliver eye-watering windfalls for the wealthiest but fail to protect the poorest," Mr Sriskandarajah said. He said political leaders now had an historic opportunity to back bolder economic strategies to "change the deadly course we are on". Image source, Image caption, Many girls are unlikely to return to school after the pandemic, according to Oxfam That should include more progressive tax regimes, which impose higher levies on capital and wealth, with the revenue spent on "quality universal healthcare and social protection for all" Mr Sriskandarajah said. Oxfam is also calling for the intellectual property rights on Covid-19 vaccines to be waived to enable wider production and faster distribution. Earlier this month the president of the World Bank, David Malpass, voiced his concerns over widening global inequality, arguing the impact of inflation and measures to tackle it were likely to cause more damage to poorer countries. "The outlook for the weaker countries is still to fall further and further behind," he said. Media caption, How billionaires pay less tax than you More on this story