At the World Economic Forum in Davos, discussions centered on global inequality, particularly highlighted by Oxfam's annual report. The report, titled "Takers Not Makers," details alarming statistics about the growing wealth of billionaires contrasted with the 2.33 billion people experiencing food insecurity. Oxfam emphasizes that billionaire wealth is surging, with 204 new billionaires in 2024 alone, and the top 10 billionaires increasing their fortunes by an astounding $100 million daily. Activists at Davos are advocating for measures like taxing the super-rich to combat this disparity.
"Billionaire wealth is surging in a world where 2.33 billion people nearly 29% of the global population are food insecure. This is evidence of a broken system that is designed to serve the interests of a select few."
"The richest 10 billionaires, eight of whom live in the U.S., grew by $100 million a day in 2024. If any of them lost 99% of their wealth, they'd still be a billionaire."
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