look news india
Oxford (England): Oxfam, an organization of economists and scholars who constantly monitor the economic conditions of the world, has presented a shocking report. It says that in the last 10 years, 42 trillion dollars have accumulated with 1 percent of the world's super rich people. (1 trillion means 13 per 1 – one dollar = approximately 100 rupees, so in terms of rupees, the amount is 15 per 1)
In this scenario, Oxfam recommends a minimum wealth tax of 8% on such ultrarich. The report further states that the economies of almost all the top 20 countries of the world are now structured in such a way that the rich are getting richer. On the one hand, their tax burden has come down to a historic low, while on the other hand, the rest of the world is left with crumbs of bread.
The remaining approximately 30% are from the middle class of which 2% are from the creamy layer. 69 percent of the world's people live their lives half-starved.
One of these 69 percent thinkers said about the people living at the lower level. They are not alive. They just exist. (They are not alive, they just exist)
Oxfam has also said in this shocking report that these one percent super rich have half of the total capital of the world's poor. These one percent super rich have 36 times more capital than the total capital of the world's poor. These super rich are taxed but it is only 0.5 percent of their capital. At the same time, out of every five billionaires in the world, 4 are from G-20 member countries.
This year's G20 summit is to be held in Rio de Janeiro, one of the most beautiful ports in the world, located in the mountainous region of Brazil on the South Atlantic coast. Brazil is the president of the G20 this year. It has also been said that the issue of the ultrarich will be raised in the summit starting this weekend. These ultra-rich have been able to earn such extraordinary wealth by paying only the tax net. Therefore, this conference will consider what steps should be taken through taxes on these ultra-rich and other billionaires. Associated Free Press (AFP) reports.
The proposal is supported by France Hespetia (Spain), South Africa, Colombia and the African Union, but the United States, the richest and ultra-rich (rich, super-rich and ultra-rich) in the world, is against it.
Many NGOs of the world are in favor of this.
Along with this, Max Lawson, policy director of Oxfam International, says that at least 8 percent wealth tax should be imposed on the super rich. Drawing attention to the growing inequality at the hypothetical level, he says that some norms or a system should be established to counter the temptations of a handful of people at the top.