1% top wealth increased by $42T over a decade, tax rates for the rich fell to historic lows, wealth gap to be discussed at G20 summit.

Oxfam reports that the world's top 1% increased their wealth by $42 trillion over the past decade, amassing nearly 34 times more wealth than the bottom 50% of the global population. Despite their wealth rising, taxes on the rich have fallen to "historic lows." The issue of the growing wealth gap and low taxes for the rich will be discussed at the upcoming G20 summit in Brazil.

July 25, 2024
15 Articles

Further Reading