During the epidemic period, a billionaire is generated every 30 hours, and it is suggested that 90% of the excess profits be taxed From Oxfam

The following is the During the epidemic period, a billionaire is generated every 30 hours, and it is suggested that 90% of the excess profits be taxed From Oxfam recommended by recordtrend.com. And this article belongs to the classification: global economy .

According to the Statistics recently released by Oxfam, an international charity, a new billionaire will appear every 30 hours during the new crown pandemic. At the same time, nearly 1million people may fall into extreme poverty at roughly the same rate. The Organization estimates that 263million people may fall into extreme poverty in 2022, equivalent to nearly 1million people every 33 hours, due to the epidemic, growing global inequality and rising food prices exacerbated by the war in Ukraine.

The organization pointed out that as of March this year, the total assets of global billionaires were $12.7 trillion. In 2021, the wealth of billionaires is equivalent to nearly 14% of global GDP.

Gabriela Bucher, executive director of Oxfam International, said that billionaires came to Davos to “celebrate the amazing growth of their wealth”.

“The epidemic and the sharp rise in food and energy prices are, in short, a fortune for them,” she said

“At the same time, the progress made in eradicating extreme poverty over the past few decades is now going backwards, and millions of people are facing an incredible rise in costs just to survive,” Buch said

Oxfam pointed out that the wealth growth of billionaires is particularly significant in some areas. In the past two years, the wealth of billionaires in the food and energy industry has increased by $453billion, equivalent to an increase of $1billion every two days.

For example, the food giant Cargill realized a net profit of nearly 5billion US dollars last year, the largest profit in the company’s history. According to the report, there are 12 billionaires in the Cargill family alone, up from 8 before the outbreak.

At the same time, Oxfam said that the epidemic created 40 new billionaires in the pharmaceutical industry, who benefited from their companies’ monopoly of vaccines, treatment, testing and personal protective equipment.

In order to prevent greater wealth inequality and support people with rising food and energy prices, Oxfam recommended that governments impose a one-time solidarity tax on the windfall wealth of billionaires.

The charity also suggested that the government end the “crisis windfall” by imposing a 90% temporary excess profit tax on windfall profits generated by large companies in all industries.

Oxfam also proposed a permanent tax to curb the extreme wealth, monopoly power and higher carbon emissions of the super rich.

According to the report, the annual wealth tax of 2% and 5% for millionaires and billionaires can generate an annual income of $2.52 trillion. This will be enough to lift 2.3 billion people out of poverty, produce enough vaccines for the global population, and provide universal health care and social protection for people living in low – and middle-income countries.

More reading: Oxfam: the report shows that the gap between the rich and the poor is growing. Oxfam: it is estimated that in 2015, the richest group accounting for 1% of the global population will exceed the total wealth owned by the remaining 99% Oxfam: the economy of 99% of the people (attached with the report Download) Oxfam: Asia at the crossroads (attached below) Oxfam: the economy of 1% of the people (attached with the full version of the report Download) Oxfam Hong Kong: in 2015, the wealth of the world’s 62 richest people was the sum of the wealth of half the world’s population Oxfam Hong Kong: the survey found that climate disasters caused 20million people to be displaced around the world every year Oxfam Hong Kong: in 2016, 1% of the world’s rich people had more wealth than the sum of all other people Comcast: the epidemic helped boost Internet audio and video traffic by 212%. Face the care era: free Care work with low pay and global inequality crisis (with download) Oxfam: it is estimated that Gates’ personal wealth will exceed trillion dollars in 2045. A survey shows that one third of American adults intend to continue cooking at home after the epidemic. How much impact does the epidemic have on the global supply chain? McKinsey: how the epidemic reshapes Chinese medical technology enterprise Ruihe think tank | business office voice list in June: under the control of the epidemic, the industry began to recover quietly

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