Oxfam | Policy paper - Takers not makers: the unjust poverty and unearned wealth from colonialism
A recent policy paper by Oxfam highlights that billionaire wealth rose sharply in 2024, with the pace of the increase three times faster than in 2023, while global poverty rates remained stagnant since 1990. The report reveals that 60% of billionaire wealth stems from inheritance, cronyism, or monopolies, linking current inequalities to colonial exploitation. To contribute to meaningful systemic change, Oxfam stresses the need to tax the ultra-rich, repair the wounds of historical colonialism and end ongoing colonialism in all forms. 📄Read more