2.5 trillion - that's how much billionaires added to their wealth just in the last year, according to the latest Oxfam Inequality Report. When markets crash, central banks pump money into financial assets; the very assets billionaires already own. Second, recessions like Covid wipe out smaller competitors which then can be bought at cheaper prices. Third, tax rules reward capital over wages. That’s why billionaires keep getting richer. #dwbusiness #oxfam #inequality For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
Billionaires make money during crisis, Oxfam says | DW News
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2.5 trillion - that's how much billionaires added to their wealth just in the last year, according to the latest Oxfam Inequality Report. When markets crash, central banks pump money into financial assets; the very assets billionaires already own. Second, recessions like Covid wipe out smaller competitors which then can be bought at cheaper prices. Third, tax rules reward capital over wages. That’s why billionaires keep getting richer. #dwbusiness #oxfam #inequality For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Instagram: https://www.instagram.com/dwnews ►TikTok: https://www.tiktok.com/@dwnews ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1
