Overview

• The richest 1% have amassed at least $33.9 trillion since 2015, a sum Oxfam says could eliminate annual global poverty 22 times over.
• Assets held by the world’s 3,000 billionaires grew by $6.5 trillion in real terms over the past decade, equivalent to 14.6% of global economic output.
• Billionaires pay an effective tax rate of roughly 0.3% of their wealth, far below contributions from average workers.
• Spain, Brazil, Germany and South Africa are championing a 2% annual levy on billionaire fortunes, projected to raise up to $250 billion.
• An Oxfam survey finds 86% of people support closing loopholes that allow the ultrawealthy to underpay taxes and fund public services.