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DeadWorld@lemm.ee

Billionaire wealth surges to 'unimaginable' levels in 2024 as Oxfam predicts emergence of five trillionaires within a decade (www.cnbc.com)

submitted 1 month ago by DeadWorld@lemm.ee to c/brainworms@lemm.ee

8 comments fedilink hide all child comments

cross-posted from: https://lemmy.world/post/24493416

Summary

Oxfam's 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.

The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.

Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.

Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.

Critics warn unchecked wealth concentration threatens democracy and economic fairness.

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[–] alekwithak@lemmy.world 5 points 1 month ago (1 children)

Try a year, Oxfam.

[–] Chakravanti@monero.town 1 points 1 month ago

USD will crash long before that happens.

[–] Sanctus@lemmy.world 3 points 1 month ago

Yeah thats bad for everyone.

[–] jaggedrobotpubes@lemmy.world 3 points 1 month ago

Money mines.

Time to go mining.

[–] Chakravanti@monero.town 1 points 1 month ago

You don't get trillionaires when the current puppet disassembles the USD by disassembling the USG. Then the only thing you got left are Nuclear missiles and Monero (because every other crypto is fraud).