Covid makes billionaires every 30 hours and pays rich taxes Time: Oxfam in Davos

Covid makes billionaires every 30 hours and pays rich taxes Time: Oxfam in Davos

Oxfam said the Davos Summit was back on Monday, saying Covid’s pandemic spawned new millionaires every 30 hours, and now one million could be in extreme poverty at the same pace.

After two years of Covid’s absence, international charities say it’s time to tax the rich to help the underprivileged as a global elite gathered in the Swiss mountains for the World Economic Forum. I did.

Oxfam said it expects 263 million people to fall into extreme poverty every 33 hours, at a rate of 1 million every 33 hours, as rising inflation adds to the cost of living crisis in addition to Covid.

By comparison, during the pandemic, 573 people became millionaires.

“Billionaires have arrived in Davos to celebrate the phenomenal surge in their wealth,” Oxfam Executive Director Gabriella Butcher said in a statement.