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There is something very wrong with the world and the way capitalism is not working. In its annual wealth check issued prior to the Davos World Economic Forum the charity Oxfam states that the 26 richest billionaires in the world own as many assets as the poorest 50%. That's 3.8 billion people. Jeff Bezos is presently the world's richest man (although unlikely to retain that status once his divorce materialises). Just 1% of his wealth is greater than the entire health budget of Ethiopia, a country of 105 million souls.
Oxfam is proposing a wealth tax of 1%. This would raise an estimated $418 billion a year – enough to educate every child not in school and provide healthcare that would prevent 3 million deaths. Will it happen? Of course not!
Oxfam’s director of campaigns and policy, Matthew Spencer, said:
https://www.theguardian.com/business/20 ... fam-report
The way our economies are organised means wealth is increasingly and unfairly concentrated among a privileged few while millions of people are barely subsisting . . . It doesn’t have to be this way – there is enough wealth in the world to provide everyone with a fair chance in life. Governments should act to ensure that taxes raised from wealth and businesses paying their fair share are used to fund free, good-quality public services that can save and transform people’s lives
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fountainhall wrote:Oxfam is proposing a wealth tax of 1%. This would raise an estimated $418 billion a year – enough to educate every child not in school and provide healthcare that would prevent 3 million deaths.
They wouldn't pay it anyway. Will never tire of saying it - They want it ALL.
The world will not reset itself until after at least one more world war and it will have to be utterly cataclysmic for the human race to finally get it.