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

18th January 2022
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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