Oxfam Report Survey: Top 1% Wealthy Population Amasses $42 Trillion, Pays Only 0.5% Tax

Oxfam Report Survey: In the last 10 years, the net worth of the top 1% people of the world has increased by 42 trillion dollars. These 1% have saved 36 times more money than the below 50% of the world. In the past decade, the top 1% of the world’s wealthiest individuals have amassed an additional $40 trillion in wealth, yet their tax rates remain at historically low levels, according to a recent report by Oxfam. This staggering disparity highlights a global economic imbalance where the rich continue to grow richer while avoiding higher tax obligations.

What Report Says?

According to Oxfam International, the average wealth of the top 1% of the world has increased by 4 lakh dollars in the last 10 years. The average wealth of the below 50% of the world has increased by only 335 dollars in the last 10 years. According to Oxfam, only 0.5% of the top 1% of the world live in the G20 countries and these people have earned the most money in the last 10 years but paid the least tax. The top 1% of the world has paid only 0.5% of their total wealth in the last 10 years. Due to this, the G20 summit in Brazil is seen as a big event where the tax on wealthy people around the world will be considered to be increased. Watch video to learn more.