New 'oligarchy' under fire as elites descend on Davos
- A leading NGO warned of an emerging 'aristocratic oligarchy' with massive political clout as global elites gather for the World Economic Forum in Davos.
- Oxfam reported that billionaires' wealth grew by $2 trillion last year, totaling $15 trillion, partly due to Trump's election win and tax-cut plans.
- The report revealed that 204 new billionaires emerged last year, increasing the total to 2,769, with each billionaire seeing their fortune rise by $2 million daily.
- Protesters blocked roads to Davos, demanding 'tax the rich', highlighting rising inequalities and calls for a global tax on the super-rich.
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Coverage Details
Total News Sources0
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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