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Sherman A1

(38,958 posts)
Sat Feb 12, 2022, 07:22 PM Feb 2022

Inequality gap widens amid coronavirus pandemic

“Tax us, the rich, and tax us now.” More than 100 global millionaires and billionaires signed an open letter to the World Economic Forum last month in a call for action on inequality.

They point out that while the world has been suffering during the coronavirus pandemic, the super-rich are watching their wealth rise.
According to Oxfam, an organization that works to fight global poverty, the 10 richest people in the world have more than doubled their fortunes – from $700 billion dollars to $1.5 trillion – over the previous two years.

A report issued by Oxfam notes that "central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom."

https://www3.nhk.or.jp/nhkworld/en/news/backstories/1906/

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