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Half way to Infinity
Oxfam has today released its report called Profiting from Pain. It is a report on the vast and growing gap between vast wealth and extreme poverty. According to Gabriella Butcher a new millionaire was created every 30 hours during the pandemic
In the 24 months of the pandemic Billionaires wealth increased by the same amount as in the previous 23 years.
Total billionaire wealth is now the equivalent of 13.9% of global gross domestic product (GDP), up from 4.4% in 2000.
The incomes of 99% of humanity have fallen because of COVID-19,28 with the equivalent of 125 million full-time jobs lost in 2022
In the 24 months of the pandemic Billionaires wealth increased by the same amount as in the previous 23 years.
Total billionaire wealth is now the equivalent of 13.9% of global gross domestic product (GDP), up from 4.4% in 2000.
The incomes of 99% of humanity have fallen because of COVID-19,28 with the equivalent of 125 million full-time jobs lost in 2022