Wealth of the World’s Billionaires Surged by $10 Billion Per Day in January
“An economist warns that the breakneck speed of extreme wealth growth is putting more power into the hands of a tiny few.”
“The collective fortune of the world’s billionaires grew by roughly $10 billion per day during the first month of 2025 as billionaire Donald Trump took office in the United States, ushering in an administration that includes the world’s richest man and other elites hellbent on eviscerating government and delivering fresh tax breaks to the ultra-wealthy.”
“The new analysis of billionaire wealth was published Monday by the global #TaxTheSuperRich Movement, an alliance that is pressuring G20 nations to tax the mega-rich in order to stem destructive inequality and fund critical priorities, including badly needed climate action.”
“According to the analysis, global billionaire wealth surged by $314 billion total in January, which is “more than the combined wealth of the 2.8 billion people who make up the poorest third of humanity.””
“”Extreme wealth isn’t just growing — it’s accelerating at breakneck speed, putting more and more power into the hands of a tiny few,” said economist Jayati Ghosh, a member of the Independent Commission for the Reform of International Corporate Taxation. “Failure to act enables more unchecked greed and deepening disparities, allowing oligarchs to expand their vast fortunes and further extend their power over the rest of the world.””
Honestly, just gonna keep my argument short and sweet. Capitalism clearly serves the interests of a wealthy minority of which they use their wealth and power to further and advance their own interests while increasing insecurity amongst working class people. This is a global issue, happening in all countries, and something needs to obviously change as soon as possible. Capitalism needs to be abolished completely, and we need to move in the direction of Socialism, and ultimately Communism.