this post was submitted on 20 Jan 2025
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News

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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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[–] I_Has_A_Hat@lemmy.world 10 points 10 hours 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.

[–] OpenHammer6677@lemmy.world 67 points 1 day ago
[–] CharlesDarwin@lemmy.world 31 points 1 day 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 28 points 1 day 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.

[–] Flocklesscrow@lemm.ee 115 points 1 day 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.

[–] GrammarPolice@lemmy.world 26 points 1 day ago

Thank Reagan for that

[–] italics2@lemmy.world 7 points 1 day 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.

[–] Flocklesscrow@lemm.ee 5 points 1 day ago (2 children)

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

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

Bullets don't care about your net worth

[–] TropicalDingdong@lemmy.world 9 points 1 day ago

Drones are extremely cheap.

[–] whotookkarl@lemmy.world 45 points 1 day 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.

[–] capital_sniff@lemmy.world 12 points 1 day ago

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

[–] vaderaj@lemmy.world 6 points 21 hours ago

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

[–] SpiceDealer@lemmy.world 19 points 1 day 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 21 hours ago (2 children)
[–] SpiceDealer@lemmy.world 1 points 11 minutes ago

Can I reverse engineer it?

[–] IceFoxX@lemm.ee 2 points 11 hours ago* (last edited 9 hours 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.)

[–] snekerpimp@lemmy.world 126 points 1 day ago (1 children)
[–] BothsidesistFraud@lemmy.world 18 points 1 day ago (2 children)

They should get therapy rite?

[–] CosmicTurtle0@lemmy.dbzer0.com 39 points 1 day 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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[–] AshMan85@lemmy.world 57 points 1 day ago (1 children)
[–] blakenong@lemmings.world 53 points 1 day ago (1 children)

One billion should have been illegal.

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

Absolutely obscene.

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

[–] FlyingSquid@lemmy.world 52 points 1 day ago* (last edited 1 day 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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[–] octopus_ink@lemmy.ml 56 points 1 day ago* (last edited 1 day ago) (2 children)
[–] P1nkman@lemmy.world 23 points 1 day ago (2 children)

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

[–] eran_morad@lemmy.world 6 points 1 day ago (1 children)

Time to call the plumber, I guess.

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[–] letsgo2themall@lemmy.world 25 points 1 day ago (5 children)

and yet, no one will stop using their services.

[–] Kolanaki@yiffit.net 17 points 1 day ago* (last edited 1 day ago)

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

[–] brlemworld@lemmy.world 14 points 1 day ago (4 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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[–] blackberry@midwest.social 15 points 1 day 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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[–] Sterile_Technique@lemmy.world 28 points 1 day ago (1 children)
[–] lath@lemmy.world 31 points 1 day ago

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

[–] crystalmerchant@lemmy.world 9 points 1 day 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)

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