Two years of pandemic put rupees 1.6 billion into poverty: A two-year pandemic has driven more than 16 million people into poverty: Report According to Oxfam, the wealth of billionaires has increased even more since the launch of COVID 19 than in the last 14 years
At $ 5 trillion, this is the largest increase in millionaire wealth on record.
New Delhi / Davos: In the first two years of the COVID19 pandemic, 99% of human income has declined, despite the fact that the 10 wealthiest men in the world have lost a certain percentage of their wealth. , More than 16 million people have been driven into poverty. A new study showed on Monday, ranging from the US $ 1.3 billion (Rs. 9 trillion) to the US $ 1.5 trillion (above 111 Laccrois) per day. In a report titled “Inequality Killing” released on the first day of the World Economic Forum’s Online Davos Agenda Summit, Oxfam International said inequality contributes to the deaths of at least 21,000 people every day, or one person every four seconds. ..
She added that this is a conservative finding based on lack of access to healthcare, gender-based violence, hunger, and deaths from around the world due to climate change.
The 10 wealthiest men in the world saw wealth increase at a rate of $ 15,000 per second during the first two years of the pandemic. And even if those 10 men lose 99.999% of their wealth tomorrow, they will be wealthier than 99%. All the people on this planet.
“It is more important than ever to correct this violent injustice of sneaky inequality by returning the money to the real economy and regaining the elite’s power and extreme wealth, such as through taxes to save lives. It was, “she said.
According to Oxfam, the wealth of billionaires has increased even more since the launch of COVID 19 than in the last 14 years. At $ 5 trillion, this is the largest increase in millionaire wealth on record.
For example, a one-time 99% tax on a pandemic storm in the 10 wealthiest men could fund the world’s production of sufficient vaccines. It provides universal health insurance and social protection, fund adaptation to climate change, and reduce gender-based violence in more than 80 countries. These men have an $ 8 billion advantage over the pre-pandemic.
“Millionaires have experienced a terrible pandemic. Central banks have sent trillions of dollars into financial markets to bail out the economy, many of which have been put into the pockets of booming millionaires. Even if the rich government allows billionaires and monopoly companies in pharmaceutical companies to cut off supply to billions of people, vaccines should end this pandemic, “said gender boundaries. Unleashed.
“A surge in COVID 19 will lead to a wave of gender-based violence, even if women and girls receive more unpaid care,” Butcher said. According to a
The survey, the pandemic returned gender equality from 1999 to the present 135. In 2020, 4,444 women lost a total of $ 800 billion in income, and their current workforce is 1.3 million less than in 2019. 252 men are richer than the combined number of 1 billion women and girls in Africa, Latin America, and the Caribbean. The Pandemic is also said to have hit the racist group the hardest.
During the second wave of the pandemic in England, people from Bangladesh were five times more likely to die of COVID 19 than white British. Blacks in Brazil are 1.5 times more likely to die of COVID 19 than whites. According to Oxfam, if their life expectancy is the same as that of whites, there will be 34,000 black Americans living in the United States today.
It is said that inequality between countries is increasing for the first time in a generation. 4,444 developing countries have been denied access to appropriate vaccines as rich governments have been forced to protect drug monopolies, reduce social spending, and face austerity. According to Oxfam, the proportion of people who die of the virus in developing countries is about twice that of developed countries.
Further, Oxfam said inequality also goes to the heart of the climate crisis, as the richest 1 percent emit more than twice as much CO2 as the bottom 50 percent of the world, driving climate change throughout 2020 and 2021 that has contributed to wildfires, floods, tornadoes, crop failures, and hunger.
It suggested that the governments should urgently claw back the gains made by billionaires by taxing this huge new wealth made since the start of the pandemic through permanent wealth and capital taxes.
Oxfam also called for investing the trillions that could be raised by these taxes toward progressive spending on universal healthcare and social protection, climate change adaptation, and gender-based violence prevention and programming.
It further recommended tackling sexist and racist laws and ending laws that undermine the rights of workers to unionize and strike.
“Rich governments must immediately waive intellectual property rules over COVID19 vaccine technologies to allow more countries to produce safe and effective vaccines to usher at the end of the pandemic,” Oxfam said.
Butcher argues that it is not the money that is lacking, but the courage and imagination to get out of the deadly straitjacket of extreme neoliberalism. Material activists, #NiUnaMenos feminists, Indian farmers, and others who demand justice and equality.