Billionaire Wealth Has Soared As Millions Fell Into Poverty During Pandemic: Oxfam

The 10 richest people in the world — all white men — have more than doubled their wealth during the ongoing COVID-19 crisis.

Covıd-19 Pandemic, İnequality

1/17/2022 3:01:00 AM

The 10 richest people in the world — all white men — have more than doubled their wealth during the ongoing COVID-19 crisis.

The 10 richest people in the world — all white men — have more than doubled their wealth during the ongoing COVID-19 crisis.

AdvertisementFrom March 2020 to November 2021, a new billionaire was created every 26 hours, according to the report.Meanwhile, the organization estimated that over 160 million people have been pushed into poverty in that time.“One of the single most powerful tools we have to address this level of egregious and deadly inequality is to tax the rich,” Abby Maxman, president of Oxfam America, said in a news release.

“Instead of lining the pockets of the ultra-wealthy, we should be investing billions of dollars into our economy, our children and our planet, paving the way for a more equal and sustainable future.”AdvertisementRenters and housing advocates protest in favor of canceling rent and stopping evictions on Aug. 21, 2020, in Los Angeles.

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greed kills I wonder where they're getting it, because definitely none of it has ever come from me. Awesome! As good people we are happy when some of our brothers and sisters make it rich. It gives us hope and motivation. (All white men) who TF cares! And to think if they donated a large portion to causes like hunger or disease research instead of sending themselves to fucking space certain issues could literally be eradicated.

Good for them. I've never been rich. Don't care if I ever become rich. Happy with my life because I live within my means without handouts. Tax the rich is a catchy slogan easy to repeat yet the true issue is tax evasion. To force companies to be limited to a specific number of tax credits or write offs would be far better long term than taxing a few billionaires more. Not that they should be tax free, but they r 2nd

Whenever I purchase a product I ask myself what is the race of the CEO. Doesn’t every one? Some people are rich because they had a good idea and executed it well. Covid 19 is the single biggest exchange of wealth from the public to governments and corporations in the history of the world and you’re cheering on the public subsidizing of vaccines, tests, masks, and other supplies. You don’t get to have it both ways.

Odd that they just want to fly around space for 10 minutes. Me - I’d just sail around the Caribbean like forever. Oh and all of the are quite ugly too.

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All white? 4 out of 10 or 40% of them are Jews, despite being 2.5% of the US population and even less of the global population. Capitalisms dirty little secret, the wealth flows to the top from the bottom. This piece proves this observation. Oligarchs....(I'm just jealous😉) You want to fix the taxe problem let's pass the flat tax and everyone pays there fair share.

It’s time for them to be taxed just like the average American.

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N.J reports 10 COVID deaths, 14,048 cases. Multiple indicators suggest surge is slowing.The state's seven day average for daily cases fell below 20,000 Sunday for the first time in two weeks. State of emergency lol. Finally 🥺 this is a good sign hopefully this will be the last surge 🙏🏻 Unfollowing. Get better at your jobs. I am so tired of reading the same regurgitated crap with no new information.

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Opinion | 10 Reasons the OAS Secretary-General Must Go'This institution, ostensibly a space for multilateralism, has instead always been a tool for the U.S. Department of State..it is truer now more than ever under the leadership of Secretary General Luis Almagro.' Ostensibly is the key term. The OAS has always been an institution to assert US control over the rest of the Americas.

— more than doubled their wealth, from a collective $700 billion to $1.5 trillion. Advertisement From March 2020 to November 2021, a new billionaire was created every 26 hours, according to the report. Meanwhile, the organization estimated that over 160 million people have been pushed into poverty in that time. “One of the single most powerful tools we have to address this level of egregious and deadly inequality is to tax the rich,” Abby Maxman, president of Oxfam America, said in a news release. “Instead of lining the pockets of the ultra-wealthy, we should be investing billions of dollars into our economy, our children and our planet, paving the way for a more equal and sustainable future.” Advertisement Renters and housing advocates protest in favor of canceling rent and stopping evictions on Aug. 21, 2020, in Los Angeles. VALERIE MACON via Getty Images Oxfam’s report estimates that the 252 richest men now hold more wealth than the 1 billion women and girls living in Africa, Latin America and the Caribbean combined. During the pandemic,