It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Oxfam found the men's wealth increased at an average rate of £1billion per day
Among world's 10 richest men are Elon Musk, Mark Zuckerberg and Jeff Bezos
Oxfam said the billionaires' wealth rose more during pandemic than it did the previous 14 years
The world's 10 wealthiest men doubled their fortunes during the first two years of the coronavirus pandemic as poverty and inequality soared, a report said on Monday.
Oxfam said the men's wealth jumped from £500 billion ($700 billion) to £1.1 trillion ($1.5 trillion), at an average rate of £1 billion ($1.3 billion) per day, in a briefing published before a virtual mini-summit of world leaders being held under the auspices of the World Economic Forum.
Among the world's 10 richest men are Tesla and SpaceX CEO Elon Musk, Facebook's Mark Zuckerberg and Amazon chief Jeff Bezos.
Oxfam called for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor - part of an effort to combat global inequality widened by the coronavirus pandemic.
The pandemic has plunged 160 million people into poverty, the charity added, with non-white ethnic minorities and women bearing the brunt of the impact as inequality soared.
'The pandemic has been a billionaire bonanza,' Oxfam International Executive Director Gabriela Bucher said.
originally posted by: CriticalStinker
a reply to: marg6043
I think it's important people come to the realization that this is likely never to change.
We'll connected business minded people are going to find angles on how to make money no matter the circumstances.
Here's what we can do though... We can learn more about the system and do the same. Granted, we aren't going to make billions of dollars, but no one needs that much anyways.
We can however better our position, and ourselves through the process by gaining more knowledge.
These cycles are going to happen every ten to fifteen years. Major market corrections by large events followed by a quicker than average climb to get back to similar or even higher levels. The next correction very well may happen in the short term.
originally posted by: Ravenwatcher
Simply why do you need that much money If ever hit 5-10 million I'm out . There should be a cap so there more to go around you hit 100 million (Personally) That's all for you !
originally posted by: marg6043
a reply to: Edumakated
Where? here in the US or China, yep, I believe it, but still China workers work for peanuts.