Home

File under, The Rich get richer…

From Oxfam Richest 1% bag nearly twice as much wealth as the rest of the world put together over the past two years;

The richest 1 percent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 percent of the world’s population, reveals a new Oxfam report today.

and

A billionaire gained roughly $1.7 million for every $1 of new global wealth earned by a person in the bottom 90 percent.

Wealth inequality is likely inevitable, but rising wealth inequality is unsustainable. As a smaller percentage of humans accumulate more of the wealth generated by society, there is less left over for a sustainable economy for the rest of humanity. Various policies are proposed but with wealth goes power, so getting the policies in place and acted upon has been and probably will be difficult, until something more painful impacts us.

One thought on “Building Wealth During Covid

  1. Pingback: Data That Matters January 2023 | Pretending Not To Panic

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s