The wealth of the world’s 3,000 billionaires has surged by $6.5tn (£4.8tn) in real terms over the past decade, according to Oxfam, equivalent to 14.6% of global output.
In total the richest 1% of the global population has gained at least $33.9tn in real terms, which the charity said was “enough to end annual global poverty 22 times over”.
https://www.dumptheguardian.com/news/2025/jun/26/billionaires-wealth-oxfam-report
@TheBreadmonkey
As any accountant will tell you, every transaction has a credit and debit.
It means the rest of the world is now 6.5 tn poorer, including your governments with their every increasing debts.
If you want to know why public services are in perpetual decline and the cost of living has risen exponentially, this is the answer. Huge wealth inequality.
A tiny handful of people controlling the vast majority of assets at everyone else's expense.
Extreme economic inequality,ie, 3,000 global billionaires, is foundation for authoritarian and fascist governments. These oligarchs create the best governments money can buy to serve their interests only.
All, ALL, current problems are based on this vile travestry: food, climate, freedom of speech, democracy.
Much of it is tied to extreme wealth, as the article points out, and that seems to go hand-in-hand with hate (all forms, honestly).
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