Oxfam International's report 'Takers Not Makers' highlights the unprecedented growth in billionaire wealth, reaching $2 trillion in 2024, while global inequality deepens. The report coincides with the World Economic Forum (WEF) in Davos, Switzerland, raising concerns about the concentration of wealth and power. Oxfam calls for increased taxes on the ultra-wealthy, regulation of monopolies, and wage reforms to address the widening wealth gap.
Billionaire wealth surged by $2 trillion in 2024—equivalent to $5.7 billion per day—as global inequality reached unprecedented levels, Oxfam International reported Monday.The release of the report, Takers Not Makers, coincides with the opening of the World Economic Forum in Davos, Switzerland, where political and financial elites gather to discuss global issues. The report forecasts that at least five trillionaires could emerge over the next decade.
'Oxfam are using the report's findings to call on world leaders to 'dismantle the new aristocracy.'Outgoing President Joe Biden last week echoed these concerns, calling the accumulation of wealth among the ultrarich a 'dangerous concentration of power,' five years after he first promised to address the issue during his leadership.
GLOBAL INEQUALITY BILLIONAIRES WEALTH GAP OXFAM WORLD ECONOMIC FORUM
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