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Study: Rich Richer, Poor Poorer

2024-01-15 09:26:00, Ekonomi CNA

Study: Rich Richer, Poor Poorer

The five richest men in the world by 2020 have doubled their wealth, according to a recent study published by the Oxfam organization. According to the study, in 2020 the five richest people in the world owned a fortune of 450 billion dollars. Meanwhile this wealth has now increased to 869 billion dollars - Oxfam points out that all billionaires in this time frame by 2023 have increased their wealth to 3.3 billion dollars, quoted by the news agency, KNA - this in a time when nearly 5 billion of the world's poorest people have lost $20 billion in wealth.

Oxfam also calculates the wealth of the richest Germans, this from 2020. Stripping out inflation, the wealth of the five richest Germans has increased by 73.85%, from 89 to 155 billion dollars.

The super rich make a proportional contribution to the community

"We need a high wealth tax so that the super-rich make a proportional contribution to society," urged Oxfam's board chair for Germany, Serap Altinisik.

Specifically, Oxfam talks about the 2% tax on assets over five million dollars, 3% on assets over $50 million and 5% on assets exceeding $1 billion. According to Oxfam, in Germany alone, according to calculations, 93.6 billion dollars would flow annually. In the Federal Republic, about 200,000 people would pay this type of tax, which is only 0.24% of the population.

The organization Oxfam presented the study "Inequality Inc." before the start of the work of the World Economic Forum in Davos on January 15. In Davos, representatives of states and governments from more than 100 countries, as well as well-known experts of the economy and the world of finance, gather at the five-day meeting. The participation has been confirmed by the Secretary of the US Department of State, Antony Blinken, the French President, Emmanuel Macron, and the Chinese Premier, Li Qiang. Chancellor Scholz will not go to Davos. In addition to debates on the economy, the participants will especially address issues such as how the war in Gaza should end or how to achieve peace in Ukraine. /DW





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