"The Rise of Trillionaires: A Wealth Redistribution Upwards"

1 min read
Source: Rolling Stone
"The Rise of Trillionaires: A Wealth Redistribution Upwards"
Photo: Rolling Stone
TL;DR Summary

Oxfam's report predicts the world's first trillionaire within the next decade, highlighting the widening wealth gap between the richest individuals and the rest of the population. The wealth of the top five billionaires surged by 114% during the pandemic, while the bottom 60% of the world's population collectively lost about $20 billion. The report calls for government intervention to redistribute wealth and power from corporations and billionaires back to ordinary people, with Sen. Bernie Sanders emphasizing the unprecedented level of greed and inequality in the ruling class.

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