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Oxfam report: The Inequality Virus

Started by Fambo Number Mive, January 25, 2021, 11:31:56 AM

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Fambo Number Mive

Can be read here: https://oxfamilibrary.openrepository.com/bitstream/handle/10546/621149/bp-the-inequality-virus-250121-en.pdf

From the BBC:

QuoteThe combined wealth of the world's 10 richest men has increased by $540bn (£400bn) during the coronavirus pandemic, according to Oxfam.

The charity says that's enough to pay for every single person in the world to be vaccinated.

A report by Oxfam, the Inequality Virus, found the total wealth of all the world's billionaires was equivalent to the entire spending by all G20 governments on recovering from the virus...

Other findings from the report:

- It took just nine months for the wealth of the world's top 1,000 billionaires to return to where it was pre-pandemic.
- In September 2020, Jeff Bezos could have paid all Amazon employees a $105,000 bonus and still have been as wealthy as he was before the COVID pandemic.
- Worldwide sales of private jets rose when commercial travel was banned.
- It has been estimated that the pandemic will reverse the gains of the last 20 years of
global progress made on girls' education.
- Oxfam and Development Finance International's Commitment to Reducing Inequality (CRI) Index shows that 103 countries went into the pandemic with at least one in three of their workforce lacking labour rights and protections such as sick pay.
- Worldwide, billionaires saw their wealth increase by a staggering $3.9tn between 18
March and 31 December 2020.106 Their total wealth now stands at $11.95tn, which is
equivalent to what G20 governments have spent in response to the pandemic.
- Elon Musk increased his net wealth by $128.9bn.
- COVID-19 mortality in the most deprived 10% of areas in England is twice that of the least deprived. Similar trends have been reported in France, Brazil, Nepal, Spain and
India.

In the section, "Five steps towards a better world", the report calls for:

- A world that is profoundly more equal and measures what matters
- A world where human economies care for people
- A world without exploitation and with income security
- A world where the richest people pay their fair share of tax
- A world of climate safety