A Boring Dystopia

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New wealth of top 1% surges by over $33.9 trillion since 2015 – enough to end poverty 22 times over, as Oxfam warns global development “abysmally off track” ahead of crunch talks (www.oxfam.org)

submitted 3 weeks ago by [email protected] to c/[email protected]

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cross-posted from: https://reddthat.com/post/44520548

Oxfam condemns "private finance takeover" of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed.

New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $342 trillion – 8 times more than public wealth.

Oxfam analysis also shows governments are making the largest cuts to life-saving aid since aid records began. Aid cuts could cause 2.9 million more children and adults to die by 2030, from HIV/AIDS causes alone.

Results of a new global survey show 9 out of 10 people support paying for public services and climate action through taxing the super-rich.

Oxfam urges new strategic alliances to address inequality; urgently revitalize aid and tax the super-rich; and assert new “public-first” approach over private finance.

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[–] [email protected] 14 points 3 weeks ago (1 children)

No worries. My dad assures us we’re all gonna be billionaires just give it a little bit more time.

Well, considering the economic situation, there’s always a possibility of runaway inflation and for that to become quite true.

[–] [email protected] 3 points 3 weeks ago

I think that a lot of us are at least billionaires in Lebanon. Well, those of us that have a net worth of at least a couple tens of thousands of USD.