Real-terms gains of $33.9tn for world’s richest 1% ‘enough to end annual global poverty 22 times over’, charity says

The wealth of the world’s 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equivalent to 14.6% of global output.

In total the richest 1% of the global population has gained at least $33.9tn in real terms, which the charity said was “enough to end annual global poverty 22 times over”.

The figures come as various governments face growing calls to introduce a wealth tax on the international elite.

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[–] 2 points 1 year ago
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[+] 14 points 1 year ago (2 children)
  • [–] 26 points 1 year ago (5 children)
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  • [–] -2 points 1 year ago (2 children)

    Pilfer "I Am Very Smart" Jinx

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  • [–] 6 points 1 year ago

    To infinity and beyond! /s

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  • [–] 10 points 1 year ago

    Take it from them, and distribute it to the workers who earned it, not the guy who cracked the whip.

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    [–] 5 points 1 year ago

    Spain’s economy minister, Carlos Cuerpo, said during a visit to London last November that the world’s richest countries needed to “be brave”, saying recent elections had shown citizens were demanding “redistribution of wealth”. A survey by Oxfam found that 86% of people supported paying for public services by “closing loopholes” that allow wealthy individuals and large corporations to use tax havens. The government was approached for comment.

    I'm a citizen and I support this

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  • [–] 2 points 1 year ago

    Financial obesity is an existential threat to any society that tolerates it.

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  • [–] 1 point 1 year ago

    I'm sure next decade they'll turn on that trickle down. Right?

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  • [–] 0 points 1 year ago

    All billionaires are parasites, and all these parasites should be 'dealt with'.

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