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Drudge Retort: The Other Side of the News
Monday, May 23, 2022

Billionaire wealth has increased to staggering levels amid the COVID-19 pandemic, with a new billionaire being created every 30 hours over the past two years (573 in total), per a new report from Oxfam. Meanwhile, this year alone Oxfam expects more than 260 million people to be pushed into extreme poverty - or living on less than $1.90 per day - worldwide, a rate of 1 million people falling into extreme poverty every 33 hours.

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Currently, the world's 10 richest men own more wealth than the bottom 40% of humanity, or 3.1 billion people.

"It's no accident that we are seeing staggering levels of inequality in the U.S. and globally. It's by deliberate design," Abby Maxman, Oxfam America's president, said in a release.

"For decades, the ultra-wealthy and corporations have used their economic might to pressure those in power to write the rules so they can avoid taxes, pay poverty wages and skirt responsibility," Maxman added. "Meanwhile, working families are feeling the sharp edge of economic insecurity and loss of hope in the future."


"The greed of the few outweigh the needs of the many, and definitely of the one, - me." - Republican supply-side Lt. Spock

#1 | Posted by tonyroma at 2022-05-22 08:40 PM | Reply | Newsworthy 1

This is insane. Americans pay Big Pharma more for the top 20 drugs than the rest of the world COMBINED. Big Pharma will continue ripping America off to absurd degrees if Biden doesn't take executive action right now.

#2 | Posted by lee_the_agent at 2022-05-23 11:44 AM | Reply

I basically sat on my azh thru-out the pandemic, now I want some of the money them ambitious folks made..
That'll teach em.

#3 | Posted by phesterOBoyle at 2022-05-24 08:13 AM | Reply

The rich get richer...
everyone else fights for crumbs on the floor.

just where they want us.

#4 | Posted by earthmuse at 2022-05-24 11:56 AM | Reply

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