World's richest 1% increased wealth by $33.9 trillion since 2015, Oxfam says
Over the past decade, the world's richest 1 percent have increased their wealth by at least $33.9 trillion, according to a new analysis from the global anti-poverty group Oxfam International.
That amount is 'more than enough to eliminate annual poverty 22 times over' when calculating at the World Bank's highest poverty line of $8.30 per day, the group said in a news release which also called for governments to invest in state-led development and to tax the ultrarich, among other requests.
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