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Oxfam urges radical economic rejig for post-COVID world

LONDON (AP) Anti-poverty campaigner Oxfam warned Monday that the fallout of the. ....

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Oxfam urges radical economic rejig in post-COVID era, warns inequality rise

Anti-poverty campaigner Oxfam warned Monday that the fallout of the coronavirus pandemic will lead to the biggest increase in global inequality on record unless governments radically rejig their economies.
In a report geared to inform discussions at the World Economic Forum s online panels of political and business leaders this week, Oxfam said the richest 1,000 people have already managed to recoup the losses they recorded in the early days of the pandemic because of the bounce back in stock markets.
By contrast, Oxfam said it could take more than a decade for the world s poorest to recover their losses.
Rigged economies are funnelling wealth to a rich elite who are riding out the pandemic in luxury, while those on the frontline of the pandemic shop assistants, healthcare workers, and market vendors are struggling to pay the bills and put food on the table, said Gabriela Bucher, executive director of Oxfam International. ....

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COVID-19 Sharpened Inequalities in India, Billionaires' Wealth Increased by 35%: Report

"It would take an unskilled worker 10,000 years to make what Mukesh Ambani made in an hour during the pandemic and 3 years to make what he made in a second." ....

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Oxfam: Covid condemns billions to poverty for a decade | World

PARIS, Jan 25 The Covid-19 crisis is aggravating inequality, with the richest quickly getting richer while it will likely take years for the world’s poorest to recover, anti-poverty group Oxfam said today. In a report entitled “The inequality virus”, the group warned that the pandemic is. ....

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Graeme Hart's huge pandemic gain spurs call for wealth tax

By RNZ
New Zealand's richest man, Graeme Hart, made $3.4 billion during the Covid-19 pandemic, reinforcing the urgent need for a wealth tax to help fix in ....

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