On Monday, the charity Oxfam published a report on the growth of social inequality in the United States, titled “Unequal: The Rise of a New American Oligarchy.”
The report notes that the “past year has been indelibly shaped by concentrated wealth and power.” It cites data showing that in the past 12 months alone, the 10 richest US billionaires got approximately $700 billion richer. Over this period, their wealth grew by a staggering 40 percent, from $1.79 trillion to $2.5 trillion.
Oxfam: 10 US billionaires have had their wealth increase 6-fold since 2020
Andre Damon