Quotes
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,
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,
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,
The crown jewel of this oligarchy is a billionaire president, backed and bought by the world's richest man Elon Musk, running the world's largest economy,
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 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 Many of the super-rich, particularly in Europe, owe part of their wealth to historical colonialism and the exploitation of poorer countries,
This is not just bad for the economy, it is bad for humanity,
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