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. Their fortunes doubled to $ 1.5 trillion between March 2020 and November 2021. Importantly, the number of people living in poverty has increased by around 160 million over the same period.
Manuel Schmitt: The pandemic is “gold rush” for them
Oxfam bases its report on publicly available data. Elon Musk and Jeff Bezos top the list of the richest people in the world. Billionaires increased their fortunes more during the pandemic than in the fourteen years before the pandemic, the report’s authors note.
– The pandemic is like “gold rush” for them. Governments pumped billions into the economy. However, most of them went to the people who benefited the most from rising stock prices. At a time when their fortunes are growing faster than ever and some are even making space trips, global poverty has increased dramatically, reports Oxfam’s social inequality specialist Manuel Schmitt.
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The authors of the report called on governments around the world to tax more corporations and the richest. In their opinion, earning income in this way should be transferred to basic social services. As they emphasize, the economy is to be oriented towards the common good.
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Source: Gazeta
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
