According to Oxfam, the world’s billionaires have become wealthier in the 23 years after the commencement of the Covid crisis.<\/p>\n\n\n\n
According to the charity, there are now 2,668 worldwide billionaires, 573 more than in 2020.<\/p>\n\n\n\n
They are valued \u00a310.2 trillion in total, up \u00a33 trillion since the pandemic began.<\/p>\n\n\n\n
According to Oxfam, their wealth has grown faster in the last two years than it did between 1987 and 2010.<\/p>\n\n\n\n
Some have benefited from a rise in share prices as a result of rising product demand.<\/p>\n\n\n\n
According to Oxfam, revenues for food and energy behemoths such as Cargill in the United States have skyrocketed.<\/p>\n\n\n\n
According to Oxfam, Apple, Microsoft, Tesla, Amazon, and Alphabet (Google) generated \u00a3217 billion in earnings in 2017.<\/p>\n\n\n\n
However, rising energy and food prices have caused mayhem for others. According to Oxfam, up to 263 million additional people might be driven into extreme poverty this year.<\/p>\n\n\n\n
“There can be no excuse for governments not to address colossal earnings and riches,” said Oxfam GB CEO Danny.<\/p>\n\n\n\n
“Implementing wealth taxes would generate enormous sums that might assist vulnerable populations in surviving this crisis.”<\/p>\n\n\n\n
“A windfall tax on energy firms would be a good place to start in the UK.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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