Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, a new report from Oxfam says.
A total of $42 trillion in new wealth has been created since 2020, with $26 trillion, or 63%, of that being amassed by the top 1% of the ultra-rich, according to the report. The remaining 99% of the global population collected just $16 trillion of new wealth, the global poverty charity says.
...
Gabriela Bucher, executive director of Oxfam International, called for taxes to be increased for the ultra-rich, saying that this was a "strategic precondition to reducing inequality and resuscitating democracy."
...
The richest 1% of people amassed almost two-thirds of new wealth created in the last two years, Oxfam says
Since 2020, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world, according to a new report from Oxfam.
www.cnbc.com
Direct link to the report:
Survival of the Richest | Oxfam International
www.oxfam.org