Wealth of world's 10 richest men doubled in pandemic, Oxfam says - BBC News
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- Published on Jan 16, 2022
- The Covid pandemic has made the world's wealthiest far richer but has led to more people living in poverty, according to the charity Oxfam.
Their report said lower incomes for the world's poorest contributed to the death of 21,000 people each day.
But the world's 10 richest men have more than doubled their collective fortunes since March 2020.
Oxfam's report is based on data from the Forbes Billionaires List and the annual Credit Suisse Global Wealth report, which gives the distribution of global wealth going back to 2000.
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I was so poor growing up that my parents were given clothes from Army-Navy stores.
It wasn't easy going to school aged 14 dressed as a Japanese Admiral.
Boris Johnson is the main suspect
@Captain Pugwash
The poor Hamster.
๐ army supply of the World War 2? That was a historic uniform
๐คฃ๐คฃ๐คฃ๐คฃ
Large number of businesses were closed but Amazon warehouses are working non stop...
One word in business , silicon Valley amazon it is what it is he has the East West South North to Pole dance
The competitors of online stores just isn't the same platform computer abilities of amazon that store is like cheaper outlets anything is bought from shelving but more and more people are paying into one concern not spreading to other Internet sites to fair share their working monies
Thats cause everyone orders amazon not local working shops look at Facebook people have reduced there as the squeeze on energy home prices people are having to get out during day off online
Whatever happens around the world, the richest always increase their wealth, and the poor ones live the worst, face up with more poverty. This cycle never breaks. Always same rotation since the beginning of humankind.
Who else sometimes feels like they are in a game of Monopoly but all the older generations have already been playing for many turns and bought up all the properties and vacuumed in all the money?
"The comfort of the rich depends upon an abundant supply of the poor."- Voltaire
The Nordic nations are able to look after everyone, gather high taxes and be rich.
Wise words from a wise man
Inflation rising rapidly, people are struggling further due to the impact of the pandemic yet these ridiculously rich people are getting richer more than ever, shows you how incredibly messed up the world economy is!
Richard Branson started with fuck all ........
Thats so much money I can't even quantify it in my head.
This prooves that combining almost zero or below zero interest rates in government bonds and quantitative easing is the ultimate wealth creator for the richest.
PISSLOSI , POTATOHEAD AND POWOW I SURE GOT THEIR CUT
Higher interest rates actually creates new wealth. Zero interest rate doesnt create anything and below zero interest rates are in reality a wealth tax. Quantitative easing is what turns this whole situation completely upside down and pushes all monetary institutions to channel their money into stocks. But clearly in your great wisdom you already knew this. We are very fortunate to have people like you on this planet.
this was the plan all along anyone with common sense can see it remember the golden rule who has the gold makes the rules ๐ค๐ฐ๐ฐ๐ฐ
Funny that, I'm sure it has NOTHING at all to do with any decisions that have taken place in the halls of power...
He who benefits the most is always the first suspect in a crime.
Thatโs one of the reasons the โpandemicโhappened
He who benefits the most is always the first suspect in a crime.
Itโs almost like they wanted a pandemic to happenโฆ.
Grocery up by 30% and their worth goes up by double
Wow
The system working how it was meant. If all that wealth was being put to something constructive is one big what if. Those people couldn't care if their ways were creating great problems for the future, it's all about profit and that title. Bunch of junk being thrown on the markets at large scale.
There are great buying opportunities during a major crisis. They took advantage.
In India food is free. Education is also free. Corruption is the main problem we are facing. Vote bank politics really prevents political parties from preventing corruption.
Itโs time to end extreme wealth! We canโt get rid of poverty unless we do!
Need to boost and simplify tax detection policies first, or it would be abused, encouraging more tax havens.
Once done, introduce a SMALL local GDP based temporary disaster tax only on those who can afford it and then give them recognition for their life saving contributions.
"The comfort of the rich depends upon an abundant supply of the poor."- Voltaire
I was forced to live with no money during covid etc and found out only government requires money instead of a percentage to take homes to create homeless good people
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@Rob Clinton's Thanks for his contact info... I'll get to him right away... wanna go for long term trade ๐๐๐
ๅ๐๐๐๐๐๐๐๐๐๐๐โ โ โ โ โ
Hello, I've been trading on my own, haven't made a lot.
Please how do I start trading with Mr Felix Hartmann?
This prooves that combining almost zero or below zero interest rates in government bonds and quantitative easing is the ultimate wealth creator for the richest.
He who benefits the most is always the first suspect in a crime.
He who benefits the most is always the first suspect in a crime.
Turning pandemic into bankdemic
It's 2007-08 again... Once again the poorest people will be left holding the bag. We learned absolutely nothing
Makes you wonder if they planned all this ๐ค
Unconscionable that this world tolerates such nonsense this day in age.
These people should be in prison.
HAHAHA utter delusion. Imagine making products and services that are used by billions, then told you have to go to prison for it!
Why prison... if it was anyone of us on here, we wouldn't be grumbling at the size of our account thats for sure lol
I wish Soylent Green was made of billionaires. We'd solve world hunger without any moral complications.
It's not the fault of billionaires. They are just better at taking opportunities in a crisis while others whine.
It's always been said "the rich gets richer and the poor get poorer"..wonder if that's true?
@Jumpin' Jo Hosafatz Exactly, sad truth
It's now a conspiracy fact
True face of capitalism!
This is unfair on many others one market area they should pay to help others as they have accumulated gains of wealth in billionaire wealth
Itโs always the poor and working class that have to pay the price and half their salary in taxes!!
Unconscionable that this world tolerates such nonsense this day in age.
These people should be in prison.
Those who have will have more ...
Those who need will need more ..
Capitalism
@Mr Right funny cause I live in a capitalist country and we are running out of food...wow times really have changed
Inflation rising rapidly, people are struggling further due to the impact of the pandemic yet these ridiculously rich people are getting richer more than ever, shows you how incredibly messed up the world economy is!
will be nice also to know how many politicians increase their wealth as well, though those rich business people at least provide a service, you can choose to make use or not!
First of all these rich people must be taxed, though it is going to solve all the problems but surely it will ease a little...
Systems working as intended then. This isn't news, we know its happening, we just have no power to stop it.
"The comfort of the rich depends upon an abundant supply of the poor."- Voltaire
Wish I had a million.
Large number of businesses were closed but Amazon warehouses are working non stop...
Large number of businesses were closed but Amazon warehouses are working non stop...
probably about time for a global basic income then yeah? an international organisation on the level of the UN to redistribute some of this stupid asset appreciation in the level of trillions to the people around the planet who need it. some people really need the money, and people like the billionaires in this video have it.
easy.
let's get together and tell them really really nicely that they need to share.
This cannot end well.
Many ministers were fond of comparing the pandemic to a national crisis similar to that which the country experienced during WW2. The language of "on the front line", etc. During that period, what these men have done would have been known as profiteering.
I have eye watering levels of frustration listening to this Oxfam spokesperson.
Repulsive.
The rich get richer and the poor get poorer
And yet, people keep using Amazon. ๐คฆโโ๏ธ
Profiteering from death,makes me sick!! Line em up!!!!!!and we'll all share their billions!!!!!!
This is somehow a surprise to y'all ?โค๏ธโฎ๏ธ๐๐บ๐ธ
Not against capitalism.. But against Monopoly โบ๏ธ
@Xirion Prime Exactly!
They both directly linked. Capitalism demands that there be a winner, the winner holds the monopoly. How do you not know this?
It's actually hilarious that this channel helped the people who are going to shut them down after 100 years into power..
Oy vey
Now it is the right time to introduce wealth tax.
Don't underestimate that graveness of the matter Danny Sriskandarajah is bringing forward
Richest woman? Food banks?
God save the Queen
I just watched a bbc news production about how the working poor in HK live in coffin like boxes, where they can only sleep
What a shame!
Does everyone understand how this worked now
It went up 9x in 2hours in the last financial crash. Bigger story.
The sad thing is that was a given! With so many things going under they are just sitting back and cleaning up !
Central Bank : Just edit the monetary database..
But not even $1 can be carried into the next world.
The poor (upto middle class) should just stop working from tomorrow...
This is ridiculously obscene.. What a wonderful world huh??? I just had to quit my construction job of 40 years due to debilitating sciatica and I can't even get my benefits from my state of California. for my health condition...
The 800k people died, plus 5m worldwide. ๐
All of this profit should go to ppl affected by covid . Im sure they will share it ...
And I pay for boat people to live in luxury hotels whilst me and my own loved ones decide whether we can afford to stick the heating on for an hour or two. Talk about that.
The state can only punish you after the fact. If you go extract your justified revenge on those boat people.
This is everything thatโs wrong with this worldโฆ right hereโฆ
Wars and Pandemic's always make rich even richer make me Sick
More specifically their company's stock.
1.3 billion a day! and they already dont pay taxes lol
They got what they worked for
Austerity?????
Rich people are a luxury WE can no longer afford.
Criminal greed. How much is enough?
This is a problem, and one that raising taxes does not fix. Stocks aren't taxed. That money goes to the government, not us.
Even if they were taxed, it does not mean that the money would be used for public services. Whatever happened to the 350m promised on the infamous Brexit bus? Taxing the rich would only ensure that the money would be collected into the coffers of those countries of where they are resident or a citizen. Those that are wealthy and philanthropically distribute the wealth to locations around the world that really need it would likely lose out in some cases.
They will found a way to take them back
The crypto market has been favourable in the past weeks, I keep missing out on this opportunity, I'm most certainly very impatient how can I ever make a profit in the crypto market.
*Cue crypto scam*
More BTC gains guys both in the coming rise and trading!!
Iโm definitely giving him a try๐ฏ
Info on whatโsโฆ. APK๐๐
ๅ๐๐๐๐๐๐๐๐๐๐๐ ๐ฑ๐ท๐บ๐ฒ๐๐๐๐
That's a good sign. Imagine if it halved. That would not be good for anyone
โค"literally 99% *wont see this* But, Who *ever sees this have a good day* and stay safe"
Thanks Iโm not giving you a like tho
I LOVE THIS WORLD!!!!!!! Amazing job rich guys!
Wealth and earnings caps. What they don't need should be funnelled to those in need. They don't work any harder.
i grew up poor.. i was forced to shop at the GAP
If he made more money whyโs Amazon stock down year to date??
Congratulations Bez!!!
What
A
Shock
Well that was the idea I think ! Destroy the small people etc ............................
As was always part of the plan!
the bbc talking about poverty when they claim government subsidies and get peoples money for a licence fee then have a separate business selling the popular bbc programs worldwide and keeping mass profits in a side company and not putting that money back to lower the licence fee
Sharing is caring!
If itโs their money itโs not peopleโs right to ask for money they worked hard for it or came up with a good idea and got rich and poor people couldnโt or havenโt yet done that itโs rude to ask just because they got a lot
This news I heard a week ago on Twitter.
@My Beautiful life fro will ya.
I didn't
Usa: we already have 23 trilion debt
Also USA banks: print more.
Printer guy keyboard : 9999999999999999999
Printer : are you sure you want to print 9999999999999999999
Printer guy : who hoooo more plastic for idiots that eventually will come back to the rich stockpiling it and more needed to be printed and the circle never ends.
Capitalism for the rich to get richer without a purpose.
ะัะดะฐ ะทะฐะฑัะฐัั ััะธะปะปะธะพะฝั ะฝะฐ ะผะพะณะธะปั ะธะปะธ ะบัะดะฐ ะบะฐะบ ะถะธัั ั ัะฐะบะธะผ ะดะตัะผะพะผ ะฑััั ะัะดะพะตะดะพะผ ะบะพะณะดะฐ ะฑะธะปะปะธะพะฝั ัะผะธัะฐัั ะพั ะณะพะปะพะดะฐ ๐
How are people not putting it all together yet..?
The richest thieves are drowning in cash. Drowning in ego too ...
Their time will come...