Summary
Oxfam’s 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.
The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.
Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.
Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.
Critics warn unchecked wealth concentration threatens democracy and economic fairness.
Public trillionaires
Trillionaires almost certainly already exist. There are many people and families who do not publicly report their net worth. Putin is a good example.
Absolutely obscene.
Mentally unwell hoarders
These are direct results of the government’s failure to govern. The whole purpose of government is to regulate.
Billionaire wealth should have immediately been taxed at the highest historical levels. Now we’re past the tipping point and have to simply endure living in an empire as it crumbles around us, while masses of rubes cheer their oppressors.
Thank Reagan for that
‘Now we’re past the tipping point and have to simply endure living in an empire as it crumbles around us, while masses of rubes cheer their oppressors.’ - I can still vote and will do everything in my power to tax the s**t out of those billionairs. So help me the flying spaghetti monster.
You’re forgetting about the masses of rubes. Who also vote. And are pure morons.
What are rubes in this context?
Simple farmers, people of the land, the common clay of the new west…you know, morons.
More seriously:
rube (noun): a country bumpkin
bumpkin (noun): an unsophisticated or socially awkward person from the countryside
‘rube’ also has the connotation of someone being taken advantage of or otherwise fooled
Say it with me: Billionaires should not exist.
Jesus Christ, I’m getting hungry! When do we eat?
The fact that we even have billionaires (and they should not be a thing. The notion of a trillionaire is even more fucking atrocious) is probably why donvict and elon are assuming power right now.
Without the broligarchs and their thumb heavily on media, both “legacy” and not, do you think there would be so very many stupid people willing to vote for the convicted felon?
and yet, no one will stop using their services.
Even if every single person stopped using them. They would still be billionaires, and still be making money by other means.
Interesting you think if everyone stopped using Amazon it wouldn’t effect him. What’s your twitter handle?
amazon makes most of their money from AWS, not from retail
Missing the forest for the trees
Every developed nation should tax these motherfuckers’ entire assets at 99%. If they want to flee with all of their money to Honduras or Haiti or something, let them enjoy that paradise.
When money is used in society as security for basic rights like a home, food and clean water, healthcare, political representation in government, then people hoarding wealth at the detriment of others are responsible and shouldn’t be surprised when those same people they oppress become violent.
this should be illegal
