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.

  • CosmicTurtle0@lemmy.dbzer0.com
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    16 hours ago

    I can’t remember where I heard this but apparently there are therapists for very rich people.

    The therapist was on a podcast I think and discussing what they talk about.

    Basically all rich people fear not having enough money. No matter how rich they get, they fear and obsess over not having enough money.

    I thought it was interesting. These are people richer than God and they always want more.

    • jaybone@lemmy.world
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      13 hours ago

      If this is true, why then do they need to buy super ultra giant mega-yachts, private jets, mansions, islands, etc?

      If you are worried about running out of money, you should be living a very meager and humble life. Is that what their therapist tells them, as part of their therapy?

      I think they are more worried about running out of asshole.

      • Devorlon@lemmy.zip
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        8 hours ago

        Taking someone out on your yacht to finish a business deal is extremely common.