Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.

Archived version: https://archive.is/20260118190308/https://euobserver.com/health-and-society/ara3abf5ee

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[–] 38 points 9 months ago

They are a threat to all life on earth at this point.

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  • [–] 16 points 9 months ago (1 child)

    Now where did i last leave that Nicholas Cage “you dont say?” gif…

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  • [–] 22 points 9 months ago

    Oxfam noted that less than 3.5 percent of EU billionaires' combined wealth – roughly €84 billion – would be sufficient to eradicate extreme poverty globally. Oxfam identifies a key problem in Europe in the disproportionate influence of wealthy individuals on lobbying. As a result, affluent actors can shape political decisions in their favour in ways that poorer segments of society cannot.

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  • [–] 9 points 9 months ago (4 children)

    I clicked the link just to see if that pic of Elon was real. Holy moly he looks like an idiot.

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  • [–] 4 points 9 months ago (2 children)

    I did cos of your comment. Is he wearing two hats, or is one placed on his head?

    He looks out of it.

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  • [–] 0 points 9 months ago

    Gee whiz, I love it when an institute that's being funded directly by capital interests regurgitates popular liberal narratives and calls it "groundbreaking research".

    It sure is very convenient that it's always the fault of some evil nation state or evil individualized billionaires instead of being tendency of capital, a way to manage rising crisis of profitability for one example.

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