Oxfam: World's 100 richest people already made back COVID-19 losses - Business Insider

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The world's 1,000 richest people have already bounced back from COVID-19 wealth losses, but it could take more than a decade for the poorest to recover, Oxfam warns

Susan Walsh/AP; Joshua Roberts/Reuters; Axel Schmidt/Getty Images

With their wealth rising by half a trillion dollars, these 10 billionaires have more than enough money combined to pay for a COVID-19 vaccine for everyone on the planet, and to make sure no one ends up in poverty, the study said. As part of the Oxfam study, a global survey of 295 economists from 79 countries found that 87% of respondents expected income inequality in their country to increase or majorly increase as a result of the pandemic.Gabriela Bucher, executive director of Oxfam, said in aThe pandemic dented pharmacy chains like CVS and Walgreens, but the vaccine rollout could give them a boost

 

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Well the rest of us will be digging out of this hole for an entire decade or more

Liberality, sharing the wealth, is a wonderful thing when it is not government mandated. Why don't these 1000 billionaires actually put their money where the mouths are? Each of them should gift at least $100,000,000,000 to each needy adults in their home countries.

The “poorest” will never “recover”... the government will keep printing money, the “poor” will keep spending every last dime they have, the “rich” will keep selling their products and services to the “poor” and accumulating those extra dollars that the government is printing.

ICouldSewDoThat Oh goody, I was getting concerned.

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