💰With $1 trillion, Musk could give $100 to everyone on Earth, and he would still be one of the ten richest billionaires in the world, with more than $184 billion left over.🤯
“A trillion dollars in the hands of one man is incompatible not only with an affordable economy, but also with a healthy democracy. Economic inequality begets political inequality, and ordinary people bear the brunt while billionaires continue to write the rules for their own benefit,” said said Nabil Ahmed, senior director of economic justice at Oxfam America. #taxthesuperrich
Today, Elon Musk became the world’s first trillionaire, but it was never inevitable.
Nabil Ahmed, Oxfam’s Senior Director of Economic Justice, shares how an era of regressive policy choices paved the way to this frightening time, while people worldwide are struggling to get by.
Over the past year, Musk’s wealth grew an average rate of over $1 million per minute.
We know this new Gilded Age won’t end itself. Never has it been more urgent to overhaul the economic policies that have created this obscene inequality.
How did Elon Musk make his money?
“Elon Musk’s rise to trillionaire status marks a new pinnacle of oligarchy and is a dark day for democracy,” said @OxfamAmerica's Nabil Ahmed.
https://t.co/Z04ViqiEsE
.@Oxfam’s analysis reveals the startling scale of a $1 trillion fortune:
If Elon Musk spent $1 million per day, it would take him 2,740 years to spend $1 trillion.
https://t.co/RpZ9j5Y5OO
💰With $1 trillion, Musk could give $100 to everyone on Earth, and he would still be one of the ten richest billionaires in the world, with more than $184 billion left over.🤯
“A trillion dollars in the hands of one man is incompatible not only with an affordable economy, but also with a healthy democracy. Economic inequality begets political inequality, and ordinary people bear the brunt while billionaires continue to write the rules for their own benefit,” said said Nabil Ahmed, senior director of economic justice at Oxfam America. #taxthesuperrich
New ODI Global research published through the HST-LHL programme finds that only 9.5% of international humanitarian funding reaches local and national actors, directly or indirectly.
The report calls for better data and fairer funding flows.
With support from Oxfam and the Netherlands MFA.
Read more: https://t.co/QaVQw4m30S
“The amount of wealth owned by the poorest half of the world is less than the amount owned by just the 12 richest billionaires,” @Oxfam notes. It has forecast that, if trends continue, there will be five trillionaires within the decade.
https://t.co/fd06ng4z4Z
Lydia fetches water at a rehabilitated community water point in Nawamor village, Turkana, Kenya.
Before the borehole was repaired, families walked for hours to collect water from a shallow hand-dug well shared with livestock. For women and girls, who often carry the responsibility of fetching water, this meant long journeys through difficult terrain, especially during floods and dry seasons.
With support from Oxfam, the German Federal Foreign Office and local partner Davis & Shirtliff, the water point now provides cleaner, more reliable water closer to home.
“The mounting killing of civilians in the West Bank is tragic and horrifying. While the eyes of the world have been on Gaza, attacks in the West Bank have been accelerating. Since the atrocities committed by Hamas and other armed groups in 2023, Israel has committed genocide in Gaza while also enabling an unprecedented surge of violence across the West Bank." said Bushra Khalidi, Oxfam International Humanitarian Policy Lead.
📢BREAKING: More Palestinians have been killed by the Israeli military and settlers across the occupied West Bank in the last three years than in the previous 17 years combined.💔
📫Read Oxfam's analysis here https://t.co/fc4KFleT5I
After two years, our colleagues remain in detention.
Their families continue to wait, and their children are growing up in their absence.
Oxfam Yemen calls for the immediate and unconditional release of our colleagues and all detained humanitarian workers in Yemen.
The climate crisis is here but the money to respond to it isn't 🔥🔥🔥
As negotiators gather in Bonn this year, countries most affected by the climate crisis are pushing for climate finance that is predictable, accessible and delivered as promised in the Paris Agreement.
Jose breaks down what's at stake in the climate finance talks this week.
#MakeRichPollutersPay #SB62 #ClimateJustice #ClimateFinance #Article9.1
The climate crisis is here but the money to respond to it isn't 🔥🔥🔥
As negotiators gather in Bonn this year, countries most affected by the climate crisis are pushing for climate finance that is predictable, accessible and delivered as promised in the Paris Agreement.
@climateJose breaks down what's at stake in the climate finance talks this week.
#MakeRichPollutersPay #SB62 #ClimateJustice #ClimateFinance #Article9.1
We have to pay higher energy bills while billionaires make our annual salaries in mere seconds 😵💫, not off their own hard work but off the labour of millions barely earning a liveable wage.👀
Together, we can fix that.✍️
Demand that your governments #TaxTheSuperRich to raise much needed funding for public services.
Share if you agree.💚
A rehabilitated water point in Nawamor, Kenya, is helping children spend more time in school and less time searching for water.
With support from Oxfam, the German Federal Foreign Office and Davis & Shirtliff, families now have cleaner, more reliable water closer to home.
https://t.co/l9MVZJ5f0e
This is what emergency response can look like in practice: teams doing whatever they need to do to get help to people who need it.
Fiston Murhabazi and Oxfam’s emergency response team are travelling to Bunia to support efforts to contain the Ebola outbreak.
Read more: https://t.co/Tg1VFF9VLN
The Ebola outbreak in DR Congo shows that aid cuts have consequences for people already facing conflict, hunger and limited access to healthcare.
Communities are left more exposed under weakened health systems. This means that outbreaks become harder to detect and stop.
Read more about what is happening and how Oxfam is responding below.
https://t.co/Tg1VFF9VLN
Our research shows that the high-carbon lifestyles of the super-rich are using up the world’s remaining carbon budget.
It also shows how billionaires use their political and economic influence to keep the world dependent on fossil fuels for private profit.
It’s time to #MakeRichPollutersPay.
https://t.co/kR2qbdDXP5