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One billionaire was minted every 30 hours during the pandemic. Now, a million people may fall into extreme poverty every 33 hours, Oxfam estimates

1 month ago   |   By Business Insider

COVID-19 minted 573 new billionaires. Richard Baker / In Pictures via Getty Images
A billionaire was minted every 30 hours during the pandemic, per a new Oxfam report .
Oxfam expects a million people to fall into extreme poverty every 33 hours in 2022.
To overcome the wealth disparity, Oxfam recommends a permanent wealth tax.
One new billionaire was minted every 30 hours during the COVID-19 pandemic. Now, one million people are expected to fall into extreme poverty every 33 hours. That's according to a new report called Profiting from Pain , released by UK-based nonprofit Oxfam on May 23...
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