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    “For billionaires, the pandemic is like a gold rush”

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    From the point of view of the organization Oxfam, the corona pandemic has exacerbated social inequalities. While the wealth of the top 10 billionaires has doubled, more than 160 million people live in poverty, according to a report released by Oxfam just ahead of a digital World Economic Forum conference. In Germany, too, the concentration of wealth has continued to increase.

    Oxfam called on governments around the world to tax corporations and the super-rich more heavily to fund basic social services, ensure global immunization justice and align the economy with the common good.

    Over three billion people have now been double-vaccinated against Covid-19, but only around nine percent of people in low-income countries have received at least one dose of vaccine, according to Oxfam: “Millions of people who could have been saved are on because of unfair vaccine distribution died of the pandemic and its consequences.” The vaccines should be treated as a public good, also because governments have funded their development with a lot of tax money.

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    Manuel Schmitt, Social Inequality Officer at Oxfam Germany, commented: “For billionaires, the pandemic is like a gold rush. Governments have pumped billions into the economy, but much of it has stuck with people who benefit most from rising stock prices. While their fortunes are growing at an unprecedented rate and some are taking trips into space, global poverty has increased dramatically.”

    Oxfam Germany called on the federal government to hold corporations and the very wealthy more responsible. Wealth tax must be reintroduced and a one-time levy on very large assets is needed. Patent protection for Covid-19 vaccines must be suspended.

    The annual conference of the World Economic Forum in Davos planned for this week had been postponed due to the Corona situation. Instead, the foundation brings top politicians together digitally, so Chancellor Olaf Scholz wants to give a speech on Wednesday.

    According to Oxfam, it is an international “emergency aid and development organization” that mobilizes people worldwide to overcome poverty through their own efforts. To this end, 21 Oxfam organizations worked side by side with around 4,100 local partners in 90 countries. (dpa)

    Source From: Tagesspiegel

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