World’s richest 1% gained $40 tn in a decade: Oxfam
The recent report by Oxfam about the world’s richest 1% gaining a staggering $40 trillion in wealth over the past decade is mind-boggling. The sheer magnitude of this wealth accumulation is difficult to comprehend, especially considering the economic struggles faced by the middle and working classes during the same period. As the rich get richer, the income disparity between them and the rest of the population continues to widen.
It’s disheartening to see such an enormous amount of money being concentrated in the hands of a few individuals while the vast majority of people struggle to make ends meet. The fact that nearly four out of five billionaires reside in G20 nations only underscores the extent of this wealth gap on a global scale.… Continue reading
John Q. Hosedrinker