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workersolidarity · 4 months

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🌍 🏦💵 🚨

FIVE RICHEST BILLIONAIRES DOUBLE THEIR WEALTH SINCE 2020 WHILE 5 BILLION ARE MADE POORER

Oxfam International, a British-founded International Charitable organization based in Nairobi, Kenya, says the world's richest people have managed to double their wealth since 2020, as 5 billion people are made poorer as a result of a "decade of division."

Oxfam made the claims in a press release on its recently published report released Monday, January 15th on inequality and global corporate power called "Inequality Inc."

According to Oxfam, the world's richest people have more than doubled their wealth from $405 billion to $869 billion since 2020, a rate equivelent to $14 million per hour, while approximately 5 billion people have been made poorer in the same time period.

"If current trends continue," the statement says, "the world will have its first trillionaire within a decade but poverty won't be eradicated for another 229 years."

Oxfam looks to the Davos gathering of the world's largest corporations, pointing to the valuations of the top ten largest companies, together worth more than $10.2 trillion.

“We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom. This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else,” Oxfam's International interim Executive Director Amitabh Behar is quoted as saying.

“Runaway corporate and monopoly power is an inequality-generating machine: through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown, corporations are funneling endless wealth to their ultra-rich owners. But they’re also funneling power, undermining our democracies and our rights. No corporation or individual should have this much power over our economies and our lives —to be clear, nobody should have a billion dollars”.

According to Oxfam, Billionaires increased their wealth by $3.3 trillion since 2020, a growth rate three times faster than inflation.

Oxfam adds that, despite representing just 21% of the global population, the countries of the Global North own 69% of global wealth, with Global North countries home to 74% of global billionaire wealth.

Further, the top 1% own 43% of all global financial assets, with billionaires owning 48% of wealth in the Middle East, 50% in Asia, and 47% in Europe.

In addition to overall wealth, 148 of the world's largest corporations raked in $1.8 trillion in total net profits, a 52% increase over the period from 2018-2021.

Corporate windfalls increased to nearly $700 billion, with the report finding that for every $100 in profits made by the top 96 major corporations between July 2022 and June 2023, $82 was paid out to wealthy shareholders.

Oxfam International interim Executive Director Amitabh Behar says that “Monopolies harm innovation and crush workers and smaller businesses. The world hasn’t forgotten how pharma monopolies deprived millions of people of COVID-19 vaccines, creating a racist vaccine apartheid, while minting a new club of billionaires."

The Oxfam press release goes on to point our that people are working harder and for longer, often for poverty wages in unsafe jobs, adding that the wages of nearly 800 million people have not kept up with inflation, losing $1.5 trillion in value over the last two years, the equivalent of nearly a month's lost wages for each individual worker.

Oxfam also found that, of the 1'600 largest companies, less than 0.4% of them are publicly committed to paying employees a living wage.

Oxfam shows how a "war on taxation" by large corporations has pushed the effective tax rates on corporations to fall by a third in recent decades, while relentless privitization of public services like education and water services have expanded massively.

“We have the evidence. We know the history. Public power can rein in runaway corporate power and inequality —shaping the market to be fairer and free from billionaire control. Governments must intervene to break up monopolies, empower workers, tax these massive corporate profits and, crucially, invest in a new era of public goods and services,” said Behar.

“Every corporation has a responsibility to act but very few are. Governments must step up. There is action that lawmakers can learn from, from US anti-monopoly government enforcers suing Amazon in a landmark case, to the European Commission wanting Google to break up its online advertising business, and Africa’s historic fight to reshape international tax rules.”

Oxfam offers three notes on how governments can rectify the situation, including the following:

🔹 Revitalizing the state. A dynamic and effective state is the best bulwark against extreme corporate power. Governments should ensure universal provision of healthcare and education, and explore publicly-delivered goods and public options in sectors from energy to transportation.

🔹 Reining in corporate power, including by breaking up monopolies and democratizing patent rules. This also means legislating for living wages, capping CEO pay, and new taxes on the super-rich and corporations, including permanent wealth and excess profit taxes. Oxfam estimates that a wealth tax on the world’s millionaires and billionaires could generate $1.8 trillion a year.

🔹 Reinventing business. Competitive and profitable businesses don’t have to be shackled by shareholder greed. Democratically-owned businesses better equalize the proceeds of business. If just 10 percent of US businesses were employee-owned, this could double the wealth share of the poorest half of the US population, including doubling the average wealth of Black households.

#source

@WorkerSolidarityNews

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politijohn · 1 year

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#eat the rich #capitalism #tax the rich #taxes #politics #us politics #income inequality #wealth tax #wealth inequality #socioeconomic inequality #poverty

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smarmy-yet-satisfying · 10 months

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In case you were wondering how screwed we all are:

The fossil fuel industry has successfully completed their infiltration and takeover of the COP climate conference. The president of COP 28 is going to be an Oil CEO.

Billions of people are going to die but the rich don’t care so long as they can maintain the status quo and continue lining their pockets.

And I’m supposed to feel bad that a couple of them got themselves squished on a voluntary trip to the bottom of the ocean???

#eradicate billionaires #exterminate billionaires #abolish billionaires #abolish capitalism #climate change #capitalism #eat the rich #climate crisis #joe biden #wealth inequality #late stage capitalism #us politics #climate emergency #vote #oceangate submersible #ocean gate #titan submersible #titanic

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arielleslipgloss · 3 months

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Being Embarrassed is AN ILLUSION!

(I don’t own these photos!)

“Most importantly, you must always have faith in yourself.” - Elle Woods

What does being embarrassed feel like? Well, our first feelings are always insecurity and to overthink. We worry about what others think of us. We worry about getting judged, to even overthinking what we said. I promise you that these people are too focused on their own life. They could even be just like you and overthinking what they said or did.

Why do we get embarrassed? A big part of our population are most likely people pleasers. We all care about what someone thinks about us. Whether it’s your parents, relatives, friends, bf/gf, etc. We also get judged a lot, from the day we came into this life. It’s hard to go from a pure and innocent child to a child scared of being judged. In conclusion, being scared of getting judged is why we get so embarrassed.

The mindset! In order to truly realize being embarrassed is an illusion, you have to walk with this thought. It has to become a life motto, not just that but a rule for yourself. You have to become committed and make sure you’re aware of this. If you get embarrassed and forget it’s an illusion, brush it off.

Validating yourself! One of the main reasons why we get embarrassed or afraid of being judged is, because we love praise. Praise from others that is, so start praising yourself. When you see yourself in the mirror, compliment yourself. Tell yourself the things you want to hear so badly from.

Love you dolls! Thank you dolls for reading 😘

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progressivemillennial · 5 months

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#politics #us politics #progressive #capitalism #homelessness #class war #eat the rich #billionaire #retirement #inequality #wealth inequality #homelessness crisis #poverty #middle class

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biggest-gaudiest-patronuses · 8 months

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*tries to organize my thoughts*

*remembers i'm not in school and therefore beholden to neither heaven nor hell nor any man's grading system*

*joyously shredding & tossing all my carefully arranged 3x5 mental notecards into the air like so much beige confetti. raising my arms in victory, cheering raucously until i accidentally inhale bits of homemade confetti*

(*coughing up itty bits of paper like a cat evicting a hairball with a firm understanding of tenants' rights*) wait wat happens next

#i marie kondoed my thoughts and *i* feel great. but now my stream-of-consciousness has escaped containment #so many innocent bystanders at stake #every time i try to organize my thoughts i run out of plastic bins and have to make a trip to the container store where i get even more dis #racted so. you can't just hand me THIS brain and NO catalogue OR library classification system #and expect me to single-handedly sort through all this nonsense? bad form but fucking form not in my job description #aNYways. formal education sure did a FUCKING NUMBER on us huh #(a number i measure not in gpa or dollars of student debt.#but in the number of therapy sessions & medical debt it will take to recover.)#seriously folks. our education systems are...innately traumatizing for a huge number of students. and we NEED to address this.#the fact that it is culturally common for adults to have anxiety nightmares about school/exams...even decades later?#that is not cute. it is Alarming.#no one--much less entire generations--should be spending their developmental years in an environment of chronic stress & pressure & strain #and yet that is the reality for millions and millions of pre-teen and teenage and young adult students #this isn't healthy and it serves and empowers NO ONE #...except of course the many exploitative educational & financial & debt-collecting institutions thriving from the current balance of power #and of course it's a nefarious and powerful way to sabotage/erase the middle class #which billionaires and the wealth-inequality creators they finance couldn't possibly have any noteworthy interest in whatsoever #it's not like there's an elite group of people with huge financial incentives to drain/steal resources from the masses...#anyways sorry for going all Conspiracy Theory on you.#obviously the billionaires who control the vast majority of our resources and news and political campaign funding #are not tied to every single itty bitty social issue and i'm a silly billy to imply it #please tell elon musk to ignore this tweet i am so subservient and acquiescent #mr musky u r so good at inheriting slavery-built mining fortunes & buying other people's companies #& building rocket ships & fancy cars that do NOT explode/catch fire & also NOT running billion dollar companies into the ground #mr musky u r so talented genius billionaire playboy with 10 kids and ex-wives who find you creepy af babe u r basically iron man

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thecindercrow · 2 months

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Like a Dragon: Infinite Wealth ↳ Essence of Wok and a Hard Place

#tianyou zhao #like a dragon infinite wealth #lad infinite wealth #like a dragon #yakuza 8 #yakuza #ryu ga gotoku #yakuzaedit #rggedit #gamingedit #my gifs #my stuff #long post #yes that's the jima trio in the wok #it looks like a lot of us had the same silly idea during this fight lol

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ladyvaderpixetc · 9 months

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Jon Stewart, hitting the nail on the head once again.

#gacked from Jessica Chastain's tweet #jon stewart #on the ridiculous lies regarding #trickle down economics #and billionaires hoarding wealth to play with #abolish billionaires #us politics #but also kind of #uk politics #hell it's #world politics #billionaires and privatisation are a global threat

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thoughtportal · 1 year

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California genocide

https://en.wikipedia.org/wiki/California_genocide

https://en.wikipedia.org/wiki/Bloody_Island_massacre

https://en.wikipedia.org/wiki/Round_Valley_Settler_Massacres_of_1856%E2%80%931859

#tiktok #california #history #indigenous #genocide #indigenous history #us history #19th century #1800s #california history #standford university #wealth

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thespoonisvictory · 6 months

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also idc I love the citadel and all its wizard hubris I love the intersection of innovation and horror and progress and crushing others underfoot AND also clothes that magically put them on themselves and Citadel Made bouncy balls and secret societies and universities!!! and espresso and arcane discovery and and and

#worlds beyond number #yes citadel bad ALSO you cannot condemn the citadel wholeheartedly without understanding #that we are the citadel #(if you live in the 'west')#and I adore the depth of the depiction of wealth and excess but also knowledge and curiousity #the citadel is not the gatsby mansion. it is any college in the US #it is my university giving out free food and trinkets for no reason other than it is a wednesday #and there is beauty and joy in the science I study I try to understand and the resources available #AND there is abject horror in what has been crushed for millions of people to have this #and I am OBSESSED I love it as a setting in all its brutal honesty #wbn #anyway

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kitty4president · 3 months

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IT WAS A FOUR-EYED WEST-BORN DRIVIN' PURPLE PAPER-EATER 💜🔧

#im gonna b real i came up with that joke at work this morning & then drew this when i got home so id have an excuse to use it. lmao #yakuza #ryu ga gotoku #like a dragon infinite wealth #eric tomizawa #yakuza 8 #my art

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saphushia · 2 years

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thinking abt if instead of having a set outfit as phantom any clothes danny's wearing get inverted (and green-ified) when he goes ghost. thinking abt it a lot

EDIT: colored the disguise outfit

#sam out here using her vast wealth to make danny his own merch p much #tucker n sam aka emotional support wealthy sponsor and hype man #danny fenton #sam manson #tucker foley #art #fanart #danny phantom #dp #danphan

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politijohn · 2 months

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The NYPD costs $29M per day

#New York #news #acab #politics #us politics #government #poverty #wealth inequality #income inequality #the left #progressive #current events

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smarmy-yet-satisfying · 11 months

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Anyone else ever feel like bludgeoning oil executives and politicians to death with a rusty pipe over what they’ve doomed us all to?

Capitalism is a death sentence for the human race

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arielleslipgloss · 1 month

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i feel like i am less important than other ppl. oe that i dont matter , inferior something like that :(

Hii doll!! Tysm for asking me this 💗

Let’s Talk Self Worth!!

”I just take a book with me everywhere. It’s a habit.” - Rory Gilmore

Why do you feel this way? Well, the root cause is most likely your surroundings. Those around you, social media, and maybe yourself? Maybe others make you feel unimportant? Maybe social media is telling you others are more important? Or maybe your just always judging yourself? If not, take a moment to think of when you started to feel this way. Then, why you started to feel this way. You can journal this in a notebook or your notes app. Now, describe the wave of emotions you get when feeling this way. Let it all out, it’s ok. Lastly, think of how you can heal from this!

2. Mentality!! Let’s say you get bullied, harsh things are said to you I would believe. The people bullying or saying mean things to you, say you’re “unimportant.” Then those words go to your mind and you start to believe them. Next thing you know more negative words are said. So, your brain continues to believe them as if their affirmations. Your brain now doesn’t even have a say in what you think about yourself. Why? Well, because now you only live by your bullies words. What your bully thinks of you, is how you think of yourself. Now, do you really want to live your life like that? I would hope the answer is no. Ok, so you need to work on becoming secure in yourself. So secure in yourself that when someone says something about you. Guess what, YOU DON’T CARE. You need to start living by your words (and Jesus’s) instead. For example, you like your hair and someone else doesn’t? So what! You go rock that hair of yours cause you like it!!!

3. Stop Comparing Yourself!! Not everything you see and hear is real. Not everyone tells the truth. Plus, what’s the point in comparing yourself to someone your whole life? There is none. What there is, is your older self disappointed thinking back to you now. Not only your older self, your younger self too. They wouldn’t want to see you comparing yourself. I would hope, your present self doesn’t want to be comparing yourself too. In my opinion, comparing yourself is a waste of youth. You spend your whole day, week, month, year, life wasting youth. It’s pointless because it really doesn’t get you anywhere. It just continues to make you more insecure. Therefore, remove what you can that makes you compare yourself. A little example would be deleting social media! If you can remove it from your life, do it.

4. Stop Punishing Yourself!! In other words, stop being so hard on yourself. Just because you got a bad grade isn’t an excuse. Just because you did something “embarrassing” isn’t an excuse. In fact, there is no excuse for punishing yourself. Be nice to yourself instead. You deserve so so sooo much love from yourself. For that reason, give all of that love to yourself. Leave that mistake in the past. Learn to embrace your mistake too. It’s ok, you’ll be ok.

5. You’re Only Human!! If there is one thing I want you to remember from this blog. It’s that you are only human. You can’t be “perfect” and you can’t be happy all the time. Your feelings and struggles are important. We all deal with a bunch of things everyday. It’s in our nature to feel this way at times. Maybe you feel this way more than others, and thats ok. You are only human. Maybe you act different than others, and thats ok. You are only human. Maybe you hate your life, and thats ok. You’re only human. Maybe you can’t do things others can, and thats ok. You’re only human. Maybe you struggle with healing, and thats ok. You are only human. You are only human, imperfectly perfect. You can really only choose to love yourself and have fun. Oh, and remember that you’re only human.

Love you so much dolls!! Remember God loves you and stay pretty 💋🎀

“If you’re gonna let one stupid prick ruin your life, you’re not the girl I thought you were.” - Holland Taylor/Professor Stromwell (Legally Blonde)

Pinterest: @arielleslipgloss

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qerieq · 2 months

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🐉🌺

#originally it was a pin design but you can use them as icons I guess #ryu ga gotoku #yakuza #like a dragon #infinite wealth #rgg #lad #ichiban kasuga #majima goro #kazuma kiryu #art #artists on tumblr #fanart

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