Top 1 Percent Bags Over $40 Trillion in New Wealth During Past Decade as Taxes on the Rich Reach Historic Lows
July 26, 2024
July 26, 2024
BOSTON, Massachusetts, July 26 -- Oxfam America issued the following news release:
The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world's population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil.
The average wealth per person in the top 1 percent rose by nearly $400,00 . . .
The richest 1 percent have amassed $42 trillion in new wealth over the past decade, nearly 34 times more than the entire bottom 50 percent of the world's population, according to new analysis by Oxfam today ahead of the third meeting of G20 Finance Ministers and Central Bank Governors in Rio de Janeiro, Brazil.
The average wealth per person in the top 1 percent rose by nearly $400,00 . . .