How much money have billionaires accumulated in a decade? - The amount is enough to eliminate annual poverty 22 times
According to the latest report, the world's 1% of billionaires have added $33.9 trillion to their wealth since 2015. This amount would be enough to eliminate annual global poverty 22 times over.
According to a recent Oxfam report, the richest 1 percent of the world's population has added at least $33.9 trillion to their wealth over the past decade. Oxfam notes that this amount would be enough to eliminate global annual poverty 22 times over, according to the World Bank's highest standard for poverty line ($8.30 a day).
Billionaires alone, about 3,000 people worldwide, have gained $6.5 trillion since 2015, the report said.
"The extraordinary amount of wealth that has been concentrated in the hands of a few has also translated into political power, pushing the world towards an oligarchic system, where ultra-wealthy individuals have the ability to influence political and economic decision-making in ways that further increase their wealth," the document explains.
Concerns about wealth inequality have increased in recent years. In early 2024, Oxfam warned that if current inequality trends continue, the world could have its first trillionaire within a decade.
The report mentions a proposal presented by an economist during the G20 summit in Brazil, which calls for a minimum tax of 2% on the assets of the world's 3,000 billionaires, with annual income estimated at $200 to $250 billion.
The idea of taxing the wealthy has been debated for years. In an interview last year, a professor of taxation at the University of New South Wales described the deep inequality as “a disaster for social cohesion.”
"Surely some of the excess money at the top of the pyramid could be used to help people at the bottom. And maybe that would make for a fairer and more efficient society," he said.
The situation of fires nationwide AKMC and MM inform about the situation of the 4 still active fires!
The Ministry of Defense and AKMC have updated the fire situation nationwide, announcing that during the last 24 hours, 16 fires have been reported, of which......
Balluku: Strengthening cooperation with Israel in energy, infrastructure and cybersecurity
Deputy Prime Minister and Minister of Infrastructure and Energy, Belinda Balluku, hosted an official meeting with the Israeli delegation led by the Minister......
Major currencies recover – Overall growth for foreign currencies!
The US dollar has started the day positively, gaining points from yesterday as it was bought today at 82.9 lek and sold at 83.9 lek according to the local......
State Police action on Gjipesa beach: 399 umbrellas and sun loungers seized!
As part of the "Free Beach" operation, the State Police announced today that the public space on Gjipe beach, which was occupied by umbrellas and sun......
Vengu and Hoxha at the Elbasan landfill: Stabilization of the situation after a week of intense fire fighting!
The Minister of Defense, Pirro Vengu, together with the Minister of Interior, Ervin Hoxha, today conducted an inspection of the waste field in Elbasan,......
The release of public spaces is welcomed by experts - Ozuni: Follow the examples of Europe, where demountable structures are allowed
Tourism experts welcome the Albanian government's action to free up public spaces occupied by bars and restaurants. Expert Ferjolt Ozuni stated in the TV......
'Cleaning the "wound" in Theth continues' - Rama: KLP should take a serious stand on the Shkodra Prosecution Office!
Prime Minister Edi Rama said today that work is still ongoing to clean up the "wound" that opened up in Theth, following the construction of a tourist......
Rama: After Vlora, in the afternoon in Fier and Durrës, internal self-cleansing is a must!
Prime Minister Edi Rama said today during a direct communication on social platforms that the action to free up public spaces will continue in Durrës and......
