Post by the Scribe on Jan 17, 2022 22:18:23 GMT
the republiconservative overclass
Billionaire Wealth Has Soared As Millions Fell Into Poverty During Pandemic: Oxfam
www.yahoo.com/news/billionaire-wealth-soared-millions-fell-000105253.html
Sarah Ruiz-Grossman
Sun, January 16, 2022, 5:01 PM
As the deadly COVID-19 pandemic has raged on, the world’s richest have only got richer, while tens of millions of people have plunged into poverty.
In a report released Sunday, Oxfam detailed how the wealth of billionaires increased more than ever before over the past two years: The 10 richest people in the world — all white men — more than doubled their wealth, from a collective $700 billion to $1.5 trillion.
www.oxfam.org/en/research/inequality-kills
www.forbes.com/real-time-billionaires/#1bc9eb4b3d78
From March 2020 to November 2021, a new billionaire was created every 26 hours, according to the report.
Meanwhile, the organization estimated that over 160 million people have been pushed into poverty in that time.
“One of the single most powerful tools we have to address this level of egregious and deadly inequality is to tax the rich,” Abby Maxman, president of Oxfam America, said in a news release.
“Instead of lining the pockets of the ultra-wealthy, we should be investing billions of dollars into our economy, our children and our planet, paving the way for a more equal and sustainable future.”
Renters and housing advocates protest in favor of canceling rent and stopping evictions on Aug. 21, 2020, in Los Angeles. (Photo: VALERIE MACON via Getty Images)
Oxfam’s report estimates that the 252 richest men now hold more wealth than the 1 billion women and girls living in Africa, Latin America and the Caribbean combined.
During the pandemic, women were especially economically hard-hit because many work in industries with disproportionate job losses; others were forced to leave work to care for children and elders. Women collectively lost $800 billion in earnings in 2020, and there are 13 million fewer women in the workforce now than in 2019.
www.huffpost.com/entry/women-are-not-ok-coronavirus-career_n_5f7cdfb2c5b61229a058bd08
www.huffpost.com/entry/black-women-unemployment-coronavirus_n_5ffca3e2c5b66f3f796033d1
www.huffpost.com/entry/women-of-color-pandemic-job-loss_l_6022d59dc5b6f38d06e79183
The COVID-19 pandemic has hit people of color disproportionately hard, the report noted: Through November 2021, in the U.S, Black and Latinx people were about twice as likely to die from the virus than white people. Similarly, during England’s second wave of the pandemic, Bangladeshi people were five times more likely to die of COVID-19 than white Brits. In Brazil, Black people were 1.5 times more likely to die than white people.
www.cdc.gov/coronavirus/2019-ncov/covid-data/investigations-discovery/hospitalization-death-by-race-ethnicity.html
In the U.S, Black and Latinx people also work disproportionately in industries like the service or domestic sectors, which faced significant job loss, as well as in health care or agriculture, where workers deemed “essential” continued to work on the front lines as others stayed safely home.
www.huffpost.com/entry/covid-19-economic-fallout-black-community_n_5ed93bc9c5b6195477e1afc8
www.huffpost.com/entry/domestic-workers-jobless-six-months-pandemic_n_5f985e1ec5b66a9e1892c4c7
www.huffpost.com/entry/black-immigrant-domestic-workers-coronavirus_n_5eebabd6c5b69bcc41d67e52
www.huffpost.com/entry/undocumented-coronavirus-pandemic-unemployment-stimulus_n_5ea1ce55c5b6e35113d043e7
Millions of Americans received increased unemployment aid and three stimulus checks from the federal government during the pandemic, but undocumented immigrants were barred from this support.
www.huffpost.com/entry/undocumented-immigrants-no-stimulus-checks-coronavirus-again_n_6048025fc5b636ed3376acac
“There is no shortage of money... There is only a shortage of courage and imagination needed to break free from the failed, deadly straitjacket of extreme neoliberalism,” Oxfam International’s executive director Gabriela Bucher said in a news release.
“Governments would be wise to listen to the movements — the young climate strikers, Black Lives Matter activists, #NiUnaMenos feminists, Indian farmers and others — who are demanding justice and equality.”
This article originally appeared on HuffPost and has been updated.
www.huffpost.com/entry/billionaire-wealth-inequality-increase-covid-oxfam_n_61e1f818e4b03874b2d7cf36
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U.S. Billionaires Grew Wealth By Over $1.3 Trillion In Past Year Of Coronavirus Pandemic
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Black Women Died From Coronavirus At Far Higher Rates Than White Men: Study
www.huffpost.com/entry/black-women-coronavirus-deaths-white-men_n_606e069ac5b6034a70840b16
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www.huffpost.com/entry/undocumented-immigrants-no-stimulus-checks-coronavirus-again_n_6048025fc5b636ed3376acac
Billionaire Wealth Has Soared As Millions Fell Into Poverty During Pandemic: Oxfam
www.yahoo.com/news/billionaire-wealth-soared-millions-fell-000105253.html
Sarah Ruiz-Grossman
Sun, January 16, 2022, 5:01 PM
As the deadly COVID-19 pandemic has raged on, the world’s richest have only got richer, while tens of millions of people have plunged into poverty.
In a report released Sunday, Oxfam detailed how the wealth of billionaires increased more than ever before over the past two years: The 10 richest people in the world — all white men — more than doubled their wealth, from a collective $700 billion to $1.5 trillion.
www.oxfam.org/en/research/inequality-kills
www.forbes.com/real-time-billionaires/#1bc9eb4b3d78
From March 2020 to November 2021, a new billionaire was created every 26 hours, according to the report.
Meanwhile, the organization estimated that over 160 million people have been pushed into poverty in that time.
“One of the single most powerful tools we have to address this level of egregious and deadly inequality is to tax the rich,” Abby Maxman, president of Oxfam America, said in a news release.
“Instead of lining the pockets of the ultra-wealthy, we should be investing billions of dollars into our economy, our children and our planet, paving the way for a more equal and sustainable future.”
Renters and housing advocates protest in favor of canceling rent and stopping evictions on Aug. 21, 2020, in Los Angeles. (Photo: VALERIE MACON via Getty Images)
Oxfam’s report estimates that the 252 richest men now hold more wealth than the 1 billion women and girls living in Africa, Latin America and the Caribbean combined.
During the pandemic, women were especially economically hard-hit because many work in industries with disproportionate job losses; others were forced to leave work to care for children and elders. Women collectively lost $800 billion in earnings in 2020, and there are 13 million fewer women in the workforce now than in 2019.
www.huffpost.com/entry/women-are-not-ok-coronavirus-career_n_5f7cdfb2c5b61229a058bd08
www.huffpost.com/entry/black-women-unemployment-coronavirus_n_5ffca3e2c5b66f3f796033d1
www.huffpost.com/entry/women-of-color-pandemic-job-loss_l_6022d59dc5b6f38d06e79183
The COVID-19 pandemic has hit people of color disproportionately hard, the report noted: Through November 2021, in the U.S, Black and Latinx people were about twice as likely to die from the virus than white people. Similarly, during England’s second wave of the pandemic, Bangladeshi people were five times more likely to die of COVID-19 than white Brits. In Brazil, Black people were 1.5 times more likely to die than white people.
www.cdc.gov/coronavirus/2019-ncov/covid-data/investigations-discovery/hospitalization-death-by-race-ethnicity.html
In the U.S, Black and Latinx people also work disproportionately in industries like the service or domestic sectors, which faced significant job loss, as well as in health care or agriculture, where workers deemed “essential” continued to work on the front lines as others stayed safely home.
www.huffpost.com/entry/covid-19-economic-fallout-black-community_n_5ed93bc9c5b6195477e1afc8
www.huffpost.com/entry/domestic-workers-jobless-six-months-pandemic_n_5f985e1ec5b66a9e1892c4c7
www.huffpost.com/entry/black-immigrant-domestic-workers-coronavirus_n_5eebabd6c5b69bcc41d67e52
www.huffpost.com/entry/undocumented-coronavirus-pandemic-unemployment-stimulus_n_5ea1ce55c5b6e35113d043e7
Millions of Americans received increased unemployment aid and three stimulus checks from the federal government during the pandemic, but undocumented immigrants were barred from this support.
www.huffpost.com/entry/undocumented-immigrants-no-stimulus-checks-coronavirus-again_n_6048025fc5b636ed3376acac
“There is no shortage of money... There is only a shortage of courage and imagination needed to break free from the failed, deadly straitjacket of extreme neoliberalism,” Oxfam International’s executive director Gabriela Bucher said in a news release.
“Governments would be wise to listen to the movements — the young climate strikers, Black Lives Matter activists, #NiUnaMenos feminists, Indian farmers and others — who are demanding justice and equality.”
This article originally appeared on HuffPost and has been updated.
www.huffpost.com/entry/billionaire-wealth-inequality-increase-covid-oxfam_n_61e1f818e4b03874b2d7cf36
Related...
U.S. Billionaires Grew Wealth By Over $1.3 Trillion In Past Year Of Coronavirus Pandemic
www.huffpost.com/entry/billionaires-wealth-grows-trillion-pandemic_n_60592944c5b6d6c2a2a95faf
Black Women Died From Coronavirus At Far Higher Rates Than White Men: Study
www.huffpost.com/entry/black-women-coronavirus-deaths-white-men_n_606e069ac5b6034a70840b16
Undocumented Immigrants Won't Get Stimulus Checks — For Third Time Around
www.huffpost.com/entry/undocumented-immigrants-no-stimulus-checks-coronavirus-again_n_6048025fc5b636ed3376acac