Posted 1/19/2024, 2:59:05 PM
Oxfam: World's First Trillionaire May Emerge Within Decade As Pandemic Widens Inequality Gap
- The world's first trillionaire may emerge within the next decade as inequality continues rising, per a new Oxfam report
- The gap between rich and wealthy has widened significantly since 2020, with top billionaires more than doubling their wealth
- 5 billionaires - Musk, Arnault, Bezos, Ellison, Buffett - are named as most likely to reach trillionaire status in media reports
- Oxfam calls for measures like breaking up monopolies and tax reforms to reduce inequality and limit billionaire power
- Oxfam suggests a wealth tax on millionaires and billionaires that could raise $1.8 trillion annually to help reduce inequality