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World’s richest 1% have already used fair share of emissions for 2026, says Oxfam

Richest 1% took 10 days while wealthiest 0.1% needed just three days to exhaust annual carbon budget, study shows

The Guardian
#top1percent will benefit

People tend to underestimate just how wealthy the world’s richest individuals are, a new study reveals. Increasing income inequality in many countries is being driven by massive gains among the top 1% of earners.
#incomeinequality #wealthgap #top1percent #globalwealth #economics #inequality #richestpeople #wealthdistribution #economicstudy #socialjustice

https://phys.org/news/2024-09-people-underestimate-income.html

People underestimate the income of the top 1%, researchers find

People selectively underestimate how rich the world's richest people are, according to a study. Increasing income inequality in many countries is driven by steep gains among the top 1% of earners. In the United States, support for policies that would redistribute wealth has not increased since the 1970s, even as the share of incomes held by the top 1% of Americans jumped from 10% to 19%.

Phys.org
The top 1% has a new threat to the public to offer.
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@davidstirrup
No doubt, the "British way of life"-talk and anti-immigration rhetoric of the Tories (and measurable parts of British society) are the seeds for this violence. For #Brexiteers and the #Top1Percent in the UK all this diversion is a great opportunity to muddy the water before the masses start questioning the disproportionate wealth and influence of the upper class.
#TaxTheRich #ClassSociety #PostBrexitReality #MoneyAristocracyMustEnd
Call for new taxes on super-rich after 1% pocket two-thirds of all new wealth

$26tn of new wealth created since start of pandemic went to richest, Oxfam report reveals

The Guardian