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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[–] OpenHammer6677@lemmy.world 68 points 6 days ago
[–] CharlesDarwin@lemmy.world 32 points 6 days 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?

[–] PlantDadManGuy@lemmy.world 29 points 6 days ago (2 children)

Say it with me: Billionaires should not exist.

Decamillionaires should not exist as long as there is still poverty anywhere in the world.

[–] DrFistington@lemmy.world 33 points 6 days ago (1 children)

Bullets don't care about your net worth

[–] TropicalDingdong@lemmy.world 9 points 6 days ago

Drones are extremely cheap.

[–] I_Has_A_Hat@lemmy.world 13 points 6 days ago

Public trillionaires

Trillionaires almost certainly already exist. There are many people and families who do not publicly report their net worth. Putin is a good example.

[–] SpiceDealer@lemmy.world 19 points 6 days 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@sh.itjust.works 3 points 6 days ago (2 children)
[–] IceFoxX@lemm.ee 2 points 6 days ago* (last edited 6 days ago)

https://www.dailymotion.com/Xplosives_net Xplosives was a illegal german forum with Germans biggest explosives community. There is some well dangerous knowledge. Produce it yourself.
(Moreover, this is not an invitation to do so. On the contrary, I strongly advise against it. Above all, you should never look for the forum at archive.org (or alternatives). You may be able to find all the instructions there to synthesize everything you need from commercially available goods, including for other end products.)

[–] SpiceDealer@lemmy.world 1 points 5 days ago

Can I reverse engineer it?

[–] vaderaj@lemmy.world 6 points 6 days ago

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

[–] GrammarPolice@lemmy.world -1 points 6 days ago

Let's go Bezos!! We finna hit that big 1 trill real soon

[–] snekerpimp@lemmy.world 128 points 1 week ago (1 children)
[–] BothsidesistFraud@lemmy.world 18 points 1 week ago (2 children)

They should get therapy rite?

[–] CosmicTurtle0@lemmy.dbzer0.com 39 points 1 week ago (4 children)

I can't remember where I heard this but apparently there are therapists for very rich people.

The therapist was on a podcast I think and discussing what they talk about.

Basically all rich people fear not having enough money. No matter how rich they get, they fear and obsess over not having enough money.

I thought it was interesting. These are people richer than God and they always want more.

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[–] Flocklesscrow@lemm.ee 115 points 1 week ago (6 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.

[–] MyDogLovesMe@lemmy.world 3 points 6 days ago
[–] GrammarPolice@lemmy.world 26 points 1 week ago

Thank Reagan for that

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[–] Naich@lemmings.world 88 points 1 week ago

Absolutely obscene.

[–] AshMan85@lemmy.world 57 points 1 week ago (1 children)
[–] blakenong@lemmings.world 53 points 1 week ago (1 children)

One billion should have been illegal.

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[–] octopus_ink@lemmy.ml 56 points 1 week ago* (last edited 1 week ago) (2 children)
[–] FlyingSquid@lemmy.world 52 points 1 week ago* (last edited 1 week ago) (24 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.

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[–] whotookkarl@lemmy.world 46 points 1 week 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.

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[–] lath@lemmy.world 31 points 1 week ago

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

[–] Sterile_Technique@lemmy.world 28 points 1 week ago (1 children)
[–] blakenong@lemmings.world 20 points 1 week ago (1 children)
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[–] letsgo2themall@lemmy.world 25 points 1 week ago (9 children)

and yet, no one will stop using their services.

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[–] P1nkman@lemmy.world 23 points 1 week ago (3 children)

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

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[–] eran_morad@lemmy.world 18 points 1 week 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.

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