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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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[–] [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.