Summary

Oxfam’s 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.

The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.

Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.

Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.

Critics warn unchecked wealth concentration threatens democracy and economic fairness.

  • blackberry@midwest.social
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    4 hours ago

    only way I see an option to not is to live similar to Amish lifestyles in the US, but even then, I assume AWS, Meta and Alphabet can make some money off their existence through satellites and IP cameras

    I don’t disagree with you and not arguing not to be aware of individual actions. it just seems the situation is more dire than just not giving them our money or data