EU's five biggest billionaires' wealth surges 76 percent
EU's five biggest billionaires' wealth surges 76 percent
euobserver.com
EU's five biggest billionaires' wealth surges 76 percent
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".
What do you mean by "eat the rich"?
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.