FIVE BILLION POORER, FIVE RICHER....!!!! |
Written by admin |
Friday, 19 January 2024 11:56 |
Since 2020, 5 billion people have become poorer, while the world’s 5 richest men have more than doubled their fortunes—at a rate of $14 million per hour. Oxfam’s new report, "Inequality Inc. : How Corporate Power Divides Our World & the Need for a New Era of Public Action" explores the disparity between the uber-wealthy and the rest of society. In his Foreward, Bernie Sanders aptly summarises the stark reality.....
"Here is the harsh economic reality we must confront: • Never before in human history have so few owned so much. • Never before in human history has there been such income and wealth inequality. •Never before in history have we had such huge concentrations of ownership. • Never before in history have we seen a billionaire class with so much political power. • And never before have we seen this unprecedented level of greed, arrogance and irresponsibility on the part of the ruling class!"
Read & download the Summary & Full Report at link below:- https://www.oxfamamerica.org/explore/research-publications/inequality-inc/
Watch the video and do something about it!!!
https://youtu.be/Cckq7j2MmDg?si=2Ua1HfnQzuoieA8D
"So how do we reduce the gap between the super-rich and the rest of society? Oxfam is calling on governments to rein in billionaire and corporate power. { Can we do the same here?} This means breaking up monopolies, empowering workers by supporting living wages, unionization, and paid sick and family leave, taxing corporations and the superrich, and embracing public services. Oxfam estimates that a wealth tax on the world’s multi-millionaires and billionaires could generate $1.8 trillion a year. This money could be used to invest in public services and infrastructure and to support climate action initiatives that could better everyone’s lives, not just those of the ultra-wealthy."
Source: OXFAM https://www.oxfam.org/en |
Last Updated on Friday, 19 January 2024 12:45 |