2024-01-14 23:31:07
One percent of the richest Belgians concentrate nearly a third of financial assets (30.4%) and 10% hold 79% of listed shares, denounces the NGO Oxfam in a report published on Monday on the occasion of the opening of the Davos Economic Forum.
The organization recommends in particular to the future federal government, which will be formed following the June 2024 elections, to require companies to condition the payment of dividends to shareholders on the guarantee of a decent income for all workers and on the release ambitious means to limit their carbon emissions, in line with the objectives set by the Paris Agreement.
“These measures must be accompanied by taxation that leverages extreme wealth, in particular by taxing capital gains, dividends and excess profits and by effectively combating tax evasion and fraud, recommends the NGO .
According to this new report on inequality and global corporate power, the fortunes of the world’s five richest men – Elon Musk, Bernard Arnault (and his family), Jeff Bezos, Larry Ellison and Warren Buffet – have more than doubled since then. 2020, increasing from $405 billion to $869 billion, a growth rate of $14 million per hour.
Across the world, 148 of the largest companies jointly raked in $1.8 trillion in net profits in the 12 months to June 2023, an increase of 52% compared to the average for the 2018-2021 period.
Meanwhile, 4.8 billion people are poorer than in 2019. “The fortune of a multi-billionaire might exceed $1 trillion in regarding 10 years if current trends continue, while poverty will not be eradicated only in 229 years,” Oxfam calculates.
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