Food and energy tycoons made $1 billion every 2 days amid soaring inflation while millions 'are skipping meals, turning off the heating': Oxfam
As the super-rich get even wealthier,"millions of others are skipping meals, turning off the heating, falling behind on bills and wondering what they can possibly do next to survive," Gabriela Bucher, the executive director of Oxfam International, said in a Oxfam also took aim at the pharmaceutical and tech industries, which have experienced windfalls from the pandemic.
"The extremely rich and powerful are profiting from pain and suffering. This is unconscionable," said Bucher. "Some have grown rich by denying billions of people access to vaccines, others by exploiting rising food and energy prices. They are paying out massive bonuses and dividends while paying as little tax as possible," Bucher added. Oxfam is calling for permanent wealth taxes on the super-rich and"one-off solidarity taxes on billionaires' pandemic windfalls" that will go into supporting those struggling with energy and food inflation. It also proposed a"temporary excess profit tax" of 90% on the windfall profits of big companies across all industries. Three groups of wealthy people from Patriotic Millionaires, Patriotic Millionaires UK, and taxmenow echoed Oxfam's call against extreme wealth. In an they called for wealth taxes to narrow inequality and"help deal with the cost of living scandal playing out in multiple nations around the world."Subscribe to push notifications
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