As is usually the case when the World Economic Forum is meeting, the Oxfam NGO has issued a new report on wealth and income inequality, which it reports has exploded since 2020 when it was already at extreme and intolerable levels. Of the $46 trillion in new “wealth,” or assets created in the past two years, measured in dollars, the report says that $30 trillion, or two-thirds, was captured by the richest 1% of people, compared to $16 trillion gained by the other 99% of the world’s 8 billion people.
In the previous two years, Oxfam said, new “wealth created” was split 50-50 between the top 1% and the other 99%.
