For every new billionaire created during the pandemic — one every 30
hours — nearly a million people could be pushed into extreme poverty in
2022 at nearly the same rate, according to Oxfam.
For every new
billionaire created during the pandemic — one every 30 hours — nearly a
million people could be pushed into extreme poverty in 2022 at nearly
the same rate, reveals a new Oxfam brief May 23.
“Profiting from Pain” is published as the World Economic Forum
— the exclusive get-together of the global elite in Davos — takes place
for the first time face-to-face since COVID-19, a period during which
billionaires have enjoyed a huge boost to their fortunes.
“Billionaires are arriving in Davos
to celebrate an incredible surge in their fortunes. The pandemic and
now the steep increases in food and energy prices have, simply put, been
a bonanza for them. Meanwhile, decades of progress on extreme poverty
are now in reverse and millions of people are facing impossible rises in
the cost of simply staying alive,” said Gabriela Bucher, Executive
Director of Oxfam International.
The brief shows that 573 people became new billionaires during the pandemic,
at the rate of one every 30 hours. We expect this year that 263 million
more people will crash into extreme poverty, at a rate of a million
people every 33 hours.
Billionaires’ wealth has risen more in the first 24 months of COVID-19
than in 23 years combined. The total wealth of the world’s billionaires
is now equivalent to 13.9% of global GDP. This is a three-fold increase
(up from 4.4%) in 2000....<<<Read More>>>....
OPINION
The GREAT REAPING has begun. And its not us, 'the useless eaters' who will be reaped!
The temptation has been too great for the 'dark ones' to resist; so they have all come out of their shadows to take part in the plandemic rituals without having the intelligence to realise that 'the useless eater's demise' has been the honey trap all along.
Now the dark ones are revealing themselves, watch the trap close around them ....!!!
