Wealth of 10 richest doubles during pandemic: Should they pay? | DW News

DW News published this video item, entitled “Wealth of 10 richest doubles during pandemic: Should they pay? | DW News” – below is their description.

More than 99 percent of the world’s population are worse off now than they were at the start of the pandemic according to UK charity Oxfam. But the wealth of the world’s ten richest men has doubled. Now OxFam is calling for a one-time tax on the billionaires to fund a number of causes including vaccine production.

Since the pandemic erupted in March of 2020, a new billionaire has been minted every day. But a rising tide is not lifting all boats, because in that same period 160-million people have fallen into poverty.

These new numbers from the UK’s Ox-Fam organization point to worsening inequality, and they are now calling for new policies to curb this kind of extreme wealth.

The numbers released by Ox-Fam show that the fortunes of the ten richest men have doubled since the pandemic began. They say a one-time 99-percent tax on these ten people alone could bring in 800-billion dollars and be used to expand vaccine production for the world’s poorest and fund other social programs.

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