Since 2020, the wealth of the five wealthiest individuals globally has doubled reaching a total of $869 billion (£681.5 billion). In contrast, the world’s poorest 60%, comprising nearly 5 billion people, have experienced a decline in their wealth. HW News’ Managing Editor Mr. Sujit Nair discusses this research by Oxfam and showcases similar situations in India where wealth inequality has risen in recent times.
#incomeinequality #poverty #wealthinequality #capitalism #socialism #elonmusk #markzurkerburg #adani #ambani #gst #directtax #indirecttax #welfarestate #HWNews
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