Tag: Oxfam

10 richest New York billionaires gained $42 billion in the last year, as ordinary New Yorkers struggled with affordability

Stuart Mitchell

New Oxfam America brief shows how raising taxes on New York’s ultra-rich could ease the harmful effects of President Trump’s One Big Beautiful Bill Act. As New York policymakers consider a range of proposed tax reforms, Oxfam America, part of the global organization fighting inequality to end poverty and injustice, released a new brief today detailing how a modest increase in taxes for New York’s wealthiest residents could raise revenue and restore tax fairness. According to Oxfam America, such proposals could help offset the One Big Beautiful Bill Act’s (OBBBA)…

Read More

Billionaire wealth jumps three times faster in 2025 to highest peak ever, sparking dangerous political inequality says Oxfam

Stuart Mitchell

Billionaire wealth jumped by over 16 percent in 2025, three times faster than the past five-year average, to $18.3 trillion – its highest level in history, according to a new Oxfam report today as the World Economic Forum opens in Davos. Billionaire wealth has increased by 81 percent since 2020. This comes as one in four people don’t regularly have enough to eat and nearly half the world’s population lives in poverty. The report “Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power” analyzes how the super-rich are…

Read More

Billionaire wealth jumps three times faster in 2025 to highest peak ever, sparking dangerous political inequality says Oxfam

Stuart Mitchell

Billionaire wealth jumped by over 16 percent in 2025, three times faster than the past five-year average, to $18.3 trillion – its highest level in history, according to a new Oxfam report today as the World Economic Forum opens in Davos. Billionaire wealth has increased by 81 percent since 2020. This comes as one in four people don’t regularly have enough to eat and nearly half the world’s population lives in poverty. The report “Resisting the Rule of the Rich: Protecting Freedom from Billionaire Power” analyzes how the super-rich are…

Read More

World’s richest 1% have blown through their fair share of carbon emissions for 2026 in just 10 days

Stuart Mitchell

The world’s richest 1% have exhausted their annual carbon budget – the amount of CO2 that can be emitted while staying within 1.5 degrees of warming – only ten days into the year, according to new analysis from Oxfam. The richest 0.1% already used up their carbon limit on 3 January. This day – named by Oxfam as ‘Pollutocrat Day’ – highlights how the super-rich are disproportionately responsible for driving the climate crisis. Each of the UK’s richest 0.1% produces more carbon pollution on average in eight days than someone…

Read More

Oxfam accuse Swedish politicians of sticking ‘head in the sand’ on poverty

Stuart Mitchell

Oxfam stunned Stockholm with a bold, guerrilla-style protest outside the Swedish Parliament. Eight life-sized mannequins, each representing a different party leader from Sweden’s eight parliamentary parties, stood with their heads buried in sand, symbolizing politicians’ refusal to address the growing poverty and inequality in the country.  As the city awoke, the protest took politicians heading for the parliament by surprise. The sight of the “heads in the sand” drew attention from passersby and sparked impromptu debates among politicians, many of whom stopped to discuss the urgent issue of rising poverty.…

Read More