Wealth of 10 richest men doubled in pandemic as 99% of incomes dropped: Oxfam

Oxfam is advocating for a tax on the ultra-rich to address inequities.The 10 richest men in the world doubled their fortunes during the COVID-19 pandemic, a report published Monday by advocacy group Oxfam said, highlighting how the global health crisis has deepened the divide between the haves and have-nots as well as the need for policy intervention to address these"deadly" inequities.

Information on the falling incomes of the global 99% was taken from World Bank data, Oxfam said in its methodology.Unhoused persons rest in Times Square on Aug. 8, 2020 in New York City. "Billionaires have had a terrific pandemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom," Oxfam International Executive Director Gabriela Bucher said in a statement Monday accompanying the latest report.

Billionares have a monopoly on anything that is rising. Thats what they do.

. China's finances and laughter. Record trade surplus: $676 billion. The economy at its highest level in 10 years! I invite to my blog! China Beijing world politics money authority COVID19 Covid_19

. China: Growth by 259 More Billionaires in 2020!

. 2 years since the start of global biological warfare ❗ I invite to my blog! Covid_19 COVID19 Beijing Chiny BoycottBeijingOlympics

Shame

Any questions why the pandemic has lasted so long?

Ah yes, money just fell in their lap.

Thank two DC

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What service these billionaires provide ? Do they make my life easier ? I bet much more than government… but nobody questions politicians spending… can’t understand that.

Its almost like they planned it….

That is what you get when you shutdown the economy where you force people to only buy from certain people.

While the 1% uses our commons 99 times more the the rest of us, they only want to pay for 1% of the cost.

Did credibility die 'from' covid or 'with' covid? 😉

And the hundredaires defending the billionaires in 3-2-1

'property obliges' Even Adam Smith knew but for some reason everyone 'forgot' about that part. Didn't he wrote two books and it looks like even the first one is interpreted pretty 'random'.

What do we want? Pitchforks. When do we want them?

free markets-economy is not perfect but its the best in the world. WE THE AMERICAN PPL BELIEVE IN HARDWORK, SUCCESS BE RICH, AMERICAN DREAM, LESS GOV, LOWER TAXES, INDIVIDUAL FREEDOMS, JOBS JOBS JOBS, PROSPERITY NOT HANDOUTS, EXCELLENCE.

Pray tell, what do the L. A. City Hall and Spring Street Courthouse have to do with this story?

Astounding the number of Kremlin bots on this thread sticking up for the oligarchs. Who knew.

Thank God they did since they pay the vast majority of taxes and employee millions of people.

Time to redistribute.

Anti hoarding money laws, seize their money to rebuild America. This ain’t rocket science.

They stole our money by jacking up the prices

Dont forget Dem Politicians Portfolios as well..

Eat the rich. Their days are numbered

… but I thought salaries were up I thought people were doing better since Biden was elected…

Thats why they are billionaires

😡🤬🤬

Congress, and big banks, box stores, and big Pharma’s pockets had a terrific pandemic too

I wish they would give back to people who need it more.

Income did not fall unless this is your way of pointing out JoeBiden inflation and failed ability to act.

The rich get richer.

It’s spelled: PLANDEMIC

That was the goal!

2020 I said to myself that this 'pandemic' is just going to be a power grab by the elite to give them more wealth and power by killing all small businesses. Turns out I was right.

Nice!

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