"The Growing Wealth Gap: Trillionaires on the Horizon"

1 min read
Source: Newser
"The Growing Wealth Gap: Trillionaires on the Horizon"
Photo: Newser
TL;DR Summary

Oxfam International warns that the world is entering a "decade of division" as the wealth of the five richest men has doubled since 2020, while nearly 5 billion people have become poorer, exacerbated by the pandemic and geopolitical events. The organization predicts the possibility of a trillionaire within a decade, highlighting the urgent need for measures to address global inequalities, including permanent taxation of the wealthiest, effective taxation of big corporations, and a renewed drive against tax avoidance.

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