Oxfam's latest report reveals a stark increase in billionaire wealth, with 204 new billionaires joining the ranks in the past year. The report highlights the growing concentration of wealth and calls for increased taxes on the ultra-rich to fund essential social services.
Roughly 204 new billionaires were minted last year alone, according to Oxfam’s latest annual inequality report.
"We've reached a new era now, we are in the era of the billionaire," said Jenny Ricks, general secretary of the human rights group Fight Inequality Alliance."The challenge now is turning this around and making this the era of the 99%.""We need government serving people's real needs and rights," Ricks said, with increased funding for education and healthcare, among other social services.
Inequality Billionaires Wealth Taxes Inheritance
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