US EditionG20 billionaires could end world poverty in one year's earnings
Oxfam highlights a $2.2 trillion wealth increase among G20 billionaires in 2024, urging leaders to tax the super-rich to fund poverty eradication and climate initiatives.
- This coming week Oxfam said G20 billionaires earned US$2.2 trillion in 2024, more than the US$1.65 trillion needed to lift 3.8 billion people out of poverty.
- Calling for urgent debt relief, Oxfam said 3.4 billion people live in countries spending more on interest repayments than on education or health.
- Combined wealth of G20 billionaires reached US$15.6 trillion, while only eight cents of every tax dollar in G20 countries comes from wealth and four of 69 eligible countries have applied to the debt scheme.
- Oxfam urged G20 leaders to back South Africa's summit initiatives and renew commitment to taxing the super-rich, while Amitabh Behar said `These countries may not have defaulted on their debt, but they are defaulting on development`.
- The Stiglitz-led committee found an inequality emergency, with the G20 Extraordinary Committee of Independent Experts on Global Inequality recommending an IPCC-style International Panel on Inequality.
48 Articles
48 Articles
G20 billionaires’ one-year earnings could end world poverty: Oxfam
JOHANNESBURG: Billionaires in the world’s leading economies made $2.2 trillion last year, which would have been enough to lift all the world’s poor out of poverty, global campaign group Oxfam said on Thursday. The British-based charity urged this weekend’s summit of the powerful G20 group of major economies to back initiatives by the host, South Africa, to address massive global wealth inequality and the debt undermining developing countries. Bi…
The wealth of billionaires from the G20 countries in the past year increased by 16.5 percent and reached 15.6 billion dollars, according to data from the international charity and humanitarian organization Oxfam.
Billionaires could end world poverty in a year
JOHANNESBURG -Billionaires in the world’s leading economies made $2.2 trillion last year, which would have been enough to lift all the world’s poor out of poverty, global campaign group Oxfam said Thursday.The British-based charity urged this weekend’s summit of the powerful G20 group of major economies to back initiatives by the host, South Africa, to address massive global wealth inequality and the debt undermining developing countries.Billion…
G20 billionaires made enough in one year to end global poverty, says Oxfam
JOHANNESBURG, Nov 20 — Billionaires in the world’s leading economies made US$2.2 trillion (RM9.2 trillion) last year, which would have been enough to lift all the world’s poor out of poverty, global campaign group Oxfam said Thursday.The British-based charity urged this weekend’s summit of the powerful G20 group of major economies to back initiatives by the host, South Africa, to address massive global wealth inequality and the debt undermining …
Coverage Details
Bias Distribution
- 52% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
