this post was submitted on 20 Jan 2025
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Summary

Oxfam's 2024 inequality report revealed a record $2 trillion increase in billionaire wealth, reaching $15 trillion, while global poverty rates remain stagnant.

The top 1% own 45% of all wealth, and 44% of people live on less than $6.85 daily.

Oxfam predicts five trillionaires within a decade, citing inheritance and cronyism as key wealth drivers. Elon Musk may become the first trillionaire by 2027.

Oxfam calls for tax reform, monopoly regulation, and income redistribution to address inequality.

Critics warn unchecked wealth concentration threatens democracy and economic fairness.

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[–] [email protected] 4 points 1 hour ago

Bro! But capitalism uplifted the most amount of people out of poverty than any other system right? Right?

[–] [email protected] 18 points 5 hours ago

The fact that we even have billionaires (and they should not be a thing. The notion of a trillionaire is even more fucking atrocious) is probably why donvict and elon are assuming power right now.

Without the broligarchs and their thumb heavily on media, both "legacy" and not, do you think there would be so very many stupid people willing to vote for the convicted felon?

[–] [email protected] 11 points 5 hours ago (1 children)

Say it with me: Billionaires should not exist.

[–] [email protected] 43 points 7 hours ago
[–] [email protected] 15 points 7 hours ago (1 children)

Shopping list for this year:

  1. AR-15

  2. Any 9mm pistol

  3. Semtex

  4. Military surplus gear

  5. Toyota Tacoma

[–] ryathal 3 points 2 hours ago

Good luck on number 3

[–] [email protected] 27 points 8 hours ago (1 children)

Bullets don't care about your net worth

[–] [email protected] 7 points 5 hours ago

Drones are extremely cheap.

[–] [email protected] 41 points 10 hours ago (1 children)

When money is used in society as security for basic rights like a home, food and clean water, healthcare, political representation in government, then people hoarding wealth at the detriment of others are responsible and shouldn't be surprised when those same people they oppress become violent.

[–] [email protected] 11 points 9 hours ago

This is why they are shoveling so much money into loyal robots.

[–] [email protected] 18 points 9 hours ago

I mean, there is a way to cure billionaires and prevent trillionaires. Several cures, actually, some of which are likely more palatable than others.

[–] [email protected] 107 points 13 hours ago (3 children)

These are direct results of the government's failure to govern. The whole purpose of government is to regulate.

Billionaire wealth should have immediately been taxed at the highest historical levels. Now we're past the tipping point and have to simply endure living in an empire as it crumbles around us, while masses of rubes cheer their oppressors.

[–] [email protected] 3 points 6 hours ago
[–] [email protected] 22 points 12 hours ago

Thank Reagan for that

[–] [email protected] 6 points 10 hours ago (1 children)

'Now we’re past the tipping point and have to simply endure living in an empire as it crumbles around us, while masses of rubes cheer their oppressors.' - I can still vote and will do everything in my power to tax the s**t out of those billionairs. So help me the flying spaghetti monster.

[–] [email protected] 4 points 9 hours ago (1 children)

You're forgetting about the masses of rubes. Who also vote. And are pure morons.

[–] [email protected] 2 points 7 hours ago (1 children)

What are rubes in this context?

[–] [email protected] 4 points 5 hours ago* (last edited 5 hours ago)

Simple farmers, people of the land, the common clay of the new west...you know, morons.

More seriously:

rube (noun): a country bumpkin

bumpkin (noun): an unsophisticated or socially awkward person from the countryside

'rube' also has the connotation of someone being taken advantage of or otherwise fooled

[–] [email protected] 21 points 12 hours ago (2 children)

Jesus Christ, I'm getting hungry! When do we eat?

[–] [email protected] 6 points 9 hours ago (1 children)

Time to call the plumber, I guess.

[–] [email protected] 2 points 9 hours ago

I've heard Mario's brother takes on... Social plumbing.

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[–] [email protected] 56 points 14 hours ago (1 children)
[–] [email protected] 53 points 14 hours ago (1 children)

One billion should have been illegal.

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[–] [email protected] 121 points 16 hours ago

Mentally unwell hoarders

[–] [email protected] 8 points 10 hours ago

No shit, fuckin obviously. This is how money works. The point is not the number it is the proportion (though obv they're related)

[–] [email protected] 52 points 15 hours ago* (last edited 15 hours ago) (22 children)

Every developed nation should tax these motherfuckers' entire assets at 99%. If they want to flee with all of their money to Honduras or Haiti or something, let them enjoy that paradise.

[–] [email protected] 9 points 13 hours ago (1 children)

That assumes national borders mean anything to this class. They travel by private plane and go directly from the tarmac to the car. They don't even need passports.

[–] [email protected] 3 points 6 hours ago (1 children)

Well it matters for their companies.

[–] [email protected] 1 points 4 hours ago

Yeah, let's nationalize that shit.

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[–] [email protected] 88 points 16 hours ago

Absolutely obscene.

[–] [email protected] 54 points 16 hours ago* (last edited 16 hours ago) (1 children)
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[–] [email protected] 25 points 14 hours ago (5 children)

and yet, no one will stop using their services.

[–] [email protected] 18 points 12 hours ago* (last edited 12 hours ago)

They have so much money, the services aren't even where they make most of it anymore. Trading and investing are.

[–] [email protected] 14 points 13 hours ago (2 children)

Even if every single person stopped using them. They would still be billionaires, and still be making money by other means.

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[–] [email protected] 15 points 13 hours ago

only way I see an option to not is to live similar to Amish lifestyles in the US, but even then, I assume AWS, Meta and Alphabet can make some money off their existence through satellites and IP cameras

I don't disagree with you and not arguing not to be aware of individual actions. it just seems the situation is more dire than just not giving them our money or data

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[–] [email protected] 27 points 15 hours ago (1 children)
[–] [email protected] 19 points 14 hours ago (1 children)
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[–] [email protected] 8 points 12 hours ago

Resources to be extracted for the public good.

[–] [email protected] 31 points 16 hours ago

I just wanna say that Zimbabwe had trillionaires before it was cool.

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