Quotes
Nearly 60 years after the end of the colonial period, the global economy remains structured to siphon wealth from the Global South to the Global North,
the report, titled Takers Not Makers, observed We have the top five billionaires, they have doubled their wealth. On the other hand, almost 5 billion people have become poorer,
Amitabh Behar, Oxfam's interim executive director, told the Associated Press The hype surrounding artificial intelligence and all of the billions of dollars invested into its development has caused tech stocks to make impressive gains in 2024,
People should be able to make as much as they can, but pay — play by the same rules, pay their fair share in taxes,
Biden said in his farewell address So many of the so-called ‘self-made’ are actually heirs to vast fortunes, handed down through generations of unearned privilege. Untaxed billions of dollars in inheritance is an affront to fairness, perpetuating a new aristocracy where wealth and power stays locked in the hands of a few,
We present this report as a stark wake up-call that ordinary people the world over are being crushed by the enormous wealth of a tiny few,
Oxfam executive director Amitabh Behar said What you’re seeing at the moment is a billionaire president taking oaths today, backed by the richest man. So this is pretty much the jewel in the crown of the global oligarchies,
Amitabh Behar, executive director of Oxfam International, said in an interview, referring to Trump and Musk It’s not about one specific individual. It’s the economic system that we have created where the billionaires are now pretty much being able to shape economic policies, social policies, which eventually gives them more and more profit,
Trillions are being gifted in inheritance, creating a new aristocratic oligarchy that has immense power in our politics and our economy,
Oxfam said in its traditional annual pre-Davos report on the super rich I don't want to live in a country with a few rich people and lots of poor people,
said Morris Pearl, a former managing director at investment giant BlackRock The WEF symbolises how much power wealthy people like me hold,
said Austrian-German heiress Marlene Engelhorn, who gave away the bulk of her multi-million-euro inheritance to dozens of organisations working on social issues I'm afraid that we're going to have civil unrest if we don't change things,
Because just because we are born millionaires, or because we got lucky once -- and call that self-made -- we now get to influence politicians worldwide with our political preferences,
The capture of our global economy by a privileged few has reached heights once considered unimaginable,
said Oxfam International Executive Director Amitabh Behar The failure to stop billionaires is now spawning soon-to-be trillionaires. Not only has the rate of billionaire wealth accumulation accelerated—by three times—but so too has their power,
Musk and the immense influence he has over policy and politics is really emblematic of the unchecked billionaire power that’s come to define our economic and political system,
That’s an unimaginable amount,
Rebecca Riddell, senior policy lead at Oxfam America, said of $1 trillion Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to get ahead,
Unchecked, we’re about to see the biggest transfer of generational wealth in human history — hardly earned and hardly taxed, unless we take action,
Last year we predicted the first trillionaire could emerge within a decade, but this shocking acceleration of wealth means that the world is now on course for at least five. The global economic system is broken, wholly unfit for purpose as it enables and perpetuates this explosion of riches, while nearly half of humanity continues to live in poverty.”
Anna Marriott, Oxfam’s inequality policy lead, said
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