Oxfam report: World's richest five double their wealth as poorest get poorer
Monday, 15 January 2024 Oxfam reveals that the combined wealth of the world's five richest men surged from $405 billion in 2020 to $869 billion in 2021. The report emphasizes the growing wealth concentration and increasing influence of the ultra-rich in shaping tax policies. It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders. The report also sheds light on the disproportionate impact of inflation and wage stagnation, with nearly 800 million workers worldwide experiencing a decline in real wages.
The world's wealthiest five men have more than doubled their fortune since 2020, the charity Oxfam says, as it calls on nations to resist the ultra-rich's influence over tax policy. A report from the charity, published as the global elite hobnob at the World Economic Forum (WEF) in Davos this week,...
Bill Gates Says AI Will Make , Everyone's Lives Easier in the Future.
CNN reports that Bill Gates predicts artificial
intelligence will have a transformative impact
on the world within the next five..
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Monday, 15 January 2024
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