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World Economic Forum: Study speaks of 2668 billionaires worldwide - 556 more than before Corona

2022-05-23T08:59:07.085Z


World Economic Forum: Study speaks of 2668 billionaires worldwide - 556 more than before Corona Created: 05/23/2022, 10:50 am By: Thomas Schmidtutz World Economic Forum in Davos: At the meeting of the powerful from politics and business, the consequences of the Ukraine war and growing poverty are likely to play a central role. © Markus Schreiber/dpa Starting today, leading representatives of p


World Economic Forum: Study speaks of 2668 billionaires worldwide - 556 more than before Corona

Created: 05/23/2022, 10:50 am

By: Thomas Schmidtutz

World Economic Forum in Davos: At the meeting of the powerful from politics and business, the consequences of the Ukraine war and growing poverty are likely to play a central role.

© Markus Schreiber/dpa

Starting today, leading representatives of politics and business are meeting in Davos for the World Economic Forum.

But seldom before has the environment been as tense as this year.

  • After a two-year break, representatives from politics and business are meeting in Davos today for the World Economic Forum.

  • According to a study, the number of billionaires has risen sharply since the beginning of the corona pandemic.

  • At the same time, 260 million people around the world are at risk of falling into poverty

Davos - The richest people in the world have become even richer since the beginning of the corona pandemic.

According to calculations by the aid organization Oxfam, the wealth of billionaires has grown by 42 percent.

At the same time, more than a quarter billion people are at risk of falling into extreme poverty.

The organization came to this conclusion in a recent report that it published at the annual conference of the World Economic Forum (WEF) in Davos.

From Monday (May 23), almost 2,500 participants from politics, business and society will meet in the Swiss Alpine town to discuss solutions to international problems.

In addition to the consequences of the Ukraine war and the corona pandemic, the issue of climate change is also likely to play an important role.

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World Economic Forum: Oxfam calls for higher taxation of the super-rich

The emergency aid and development organization Oxfam called for greater taxation of companies and very large assets in view of growing inequality.

“It is unacceptable that corporations and the billionaires behind them are making record profits while millions of people are skipping meals, turning off the heat, falling behind on their bills and wondering what to do next to survive ' said Manuel Schmitt, social inequality officer at Oxfam Germany.

Governments urgently need to take countermeasures and hold corporations and the super-rich to account.

Wealth tax must be reintroduced in Germany.

In addition, a one-off tax on very high assets and an excess profit tax for corporations are announced.

According to Oxfam, the corona pandemic and rising energy and food prices have recently fueled poverty and social inequality.

The number of billionaires has grown by more than 570 to 2,668 since 2020.

Together they were worth $12.7 trillion.

During the pandemic alone, it grew by 42 percent and now corresponds to 13.9 percent of global economic output.

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World Economic Forum: Study - Drastic increase in poverty worldwide

At the same time, around 260 million people are at risk of slipping into poverty due to increasing inequality and rising food prices.

Last March saw the biggest jump in food prices since United Nations records began in 1990.

Inequality between countries is also increasing again.

More than every second low-income country will soon no longer be able to repay its debts.

"Right now, low-income countries are suffocating under their debt burdens, and inequality and poverty are exploding around the world," Schmitt said.

The rising prices and the debt problem are currently being fueled by the Russian war in Ukraine.

(dpa/utz)

Source: merkur

All news articles on 2022-05-23

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