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Wealth of EU’s five richest men soars almost 6 million euros every hour since 2020, Oxfam International says (www.oxfam.org)

submitted 11 months ago by [email protected] to c/[email protected]

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The EU’s five richest billionaires increased their wealth by 76 percent since 2020, from 244 billion euro to 429 billion, at a rate of 5.7 million euros per hour, Oxfam reveals today. At the same time, 99 percent of the EU’s population has become poorer.

These findings are based on Oxfam’s new report on inequality and global corporate power. The report also reveals that if current trends continue, the world will have its first trillionaire within a decade, but poverty will not be eradicated for another 229 years.

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[–] themurphy 32 points 11 months ago (1 children)

Capitalism working as intended...

[–] [email protected] 2 points 11 months ago (1 children)

Exactly, yet far too many people still believe that changing tax rates will somehow make everything ok, rather than it being about as useful as a band aid on a brain tumour..

[–] [email protected] 4 points 11 months ago (1 children)

Baby steps

[–] [email protected] 0 points 11 months ago (1 children)

Do you go around cancer wards offering band aids to people? because that's exactly how ridiculous your reply makes you look.

"Baby steps" is literally how we got where we are - by those in power placating people like you with superficial bare minimum "solutions" that don't actually fix anything and just allows them to keep hoarding power and resources and their system to continue decaying toward fascism.

Gods, I'm so sick of incrementalism and reformists - so concerned with their own personal comfort they don't care that the world is literally burning around them and taking many lives with it. But not yours, so what do you care, right? "No urgency necessary, I'll take that band aid, look, it has cartoons on it!" 🙄🙄🙄

[–] [email protected] 1 points 11 months ago

Baby steps are ok, as long as you step fast enough. About 5 per second, instead of one every month, like now.