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2022 Oxfam Inequality Report - Wealth of world's 10 richest men doubled in pandemic

18th January 2022

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Oxfam notes that whilst the rest of the world saw incomes fall during the pandemic, the wealthiest 10 ten men have seen their wealth increase by $1bn per day.

READ: @Oxfam Executive Director @Gabucher's article in @wef: Inequality has fuelled the pandemic. A windfall tax could help end it. https://t.co/MS7r72rl4d #InequalityKills
— Oxfam Australia (@OxfamAustralia) January 18, 2022

A new was billionaire created every 26 hours this pandemic. As a result, they are calling for a 99% windfall tax on their capital gains.

Of course, such an eye-catching policy initiative is designed to garner headlines, but it isn't realistic.

However, it makes the point - again - that we aren't, and haven't, all been in this together.

It seems remarkable that the richest ten individuals are six times wealthier than the bottom 40% of the global population: market success or market failure?

Read: 5 shocking facts about extreme global inequality and how to even it up

This is what inequality looks like in 2022. And here are 6 ways to solve it https://t.co/3E6DHeOHPm @Oxfam #gender #DavosAgenda pic.twitter.com/5lM0U9uAL2
— World Economic Forum (@wef) January 17, 2022

OXFAM inequality report: India’s wealthiest 10 % account for 45% of national wealth while share of bottom 50% is just 6%. Wealth of India’s 10 richest would be enough to fund school and higher education of every child for 25 years! #WealthIndex 🙏
— Rajdeep Sardesai (@sardesairajdeep) January 17, 2022

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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Graham Watson

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