‘A new report by Oxfam says that since 2020, or over the span of the pandemic, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world.’
‘No surprise there,’ Camp said. ‘The rich get richer and the poor stay poor.’
‘According to the report the pace at which wealth is being created has sped up, as the world’s richest 1% amassed around half of a new wealth over the past ten years. Gabriela Bucher, executive director of Oxfam International, called for taxes to be increased for the ultra-rich, saying that this was a “strategic precondition to reducing inequality and resuscitating democracy.”
‘Tell that to the new US Congress,’ Camp said. ‘They want to reduce spending on social and health programs and give the rich and corporations another tax break.’
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