EU's five biggest billionaires' wealth surges 76 percent
EU's five biggest billionaires' wealth surges 76 percent
The rich are getting richer and the poor are getting poorer, according to a new report that highlights the reasons behind worrying figures — such as the fact that global poverty will not be eradicated for another 229 years.
While the vast majority of the EU's population has become steadily poorer recently, its top five richest billionaires have increased their wealth from €244bn in 2020 to €429bn in 2023, an Oxfam report revealed on Monday (15 January).
This represents a 76 percent increase in just three years — at a rate of €5.7m per hour.
"This inequality is no accident; the billionaire class is ensuring that corporations deliver more wealth to them at the expense of everyone else," said Amitabh Behar, Oxfam International's interim executive director.
We really should tax %% them all: their businesses, the Royal houses; no exceptions, or offshore bla bla. Then we can redistribute their wealth/power more socially.
EU corporate tax rules should only be a beginning.
That would be a great idea, if they didn't hold their respective countries', and EU legislatures by the balls.
Billionaires are never going to voluntarily or willingly give up their power.There is good reason we say "eat the rich" instead of "tax the rich".
There is good reason we say "eat the rich" instead of "tax the rich".
Billionaires are never going to voluntarily or willingly give up their power.
They won't. But we can change regulations.
Don't know who " we" is nor the slogan tbh. Seems that according to wiki it's a US slogan?
Edit: probably because of The satirical book by Patrick Jake O'Rourke
Contrary to US, this is Europe, and we ( should) have socialist foundations; unfortunately since a decade or so, it's become more and more " capitalistic and right winged" in a bad way. We need to stop that trend.
Taxes or guillotines. Pick one.
Most people would even know where to find the billionaires. Hard to put them to the guillotine of you don't know who they are or where they are.
Maybe someone should tell those people that there's a list that could help them find out who their local billionaires are.
Just tax anything above, say, 500million with a rate of 95%. Nobody needs that kind of money. Making that much is only numbers porn for the sociopaths, it doesn't matter if they get to keep it.
Do we grill them or pan seer them?
It's gonna trickle down any second now
Sadly not unexpected
i was worried that they would not be able to sustain their life through the recent inflations 👏😭 close one, good on them
Eat the rich. It's the best thing you can do: for society, against climate change, everything.
alt link 12ft
As anyone ever played Monopoly? You did? So you know how it ends.
Guillotines. Run em through until people understand: hoard wealth, lose your head