Societies with a larger gap between rich and poor are bad for EVERYONE - including the well-off

A society’s well-being is not determined by its overall wealth but by the equality of the population

💰 💰 💰

#Inequality a 🧵
@ProfKEPickett @ProfRGWilkinson ‘Spirit Level’ showed across 11 different health and social areas that outcomes are significantly worse in more unequal rich countries
Whilst global inequality was falling - mainly due to China’s 🇨🇳 rise ⬆️ Inequality is expected to have increased due to covid

Globally the richest 1% of people own 46% of all wealth

8 men own the same wealth as the poorest 3.6 billion people

👨 👨 👨 👨 👨 👨 👨 👨 = 🌍
🦠 Covid saw the 10 richest men double their fortunes during the pandemic while incomes of 99% of humanity fell

🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️🧍‍♂️

The world’s 10 richest men more than doubled their fortunes from $700 billion to $1.5 trillion
Here’s a visualisation to help you understand the scale of wealth of the richest people in society

engaging-data.com/how-rich-is-el…
🙋‍♀️ wealth inequality intersects with gender and race

252 men have more wealth than all 1 billion women in Africa and Latin America and the Caribbean combined
💉 have been an example of global inequality
Inequality affects our mind and gets under our skin - influencing the way we see and interact with other people as well as how we think about our place in the world
#ClimateJustice #CarbonEquity

The richest 1% are responsible for more than twice as much carbon emissions as the poorest 3.1 billion people

The carbon footprints of the richest 1% are 30X greater than the level compatible with the 1.5°C goal of the Paris Agreement in 2030
#TAX #TaxTheRich

A one-off 99% tax on 10 richest men’s pandemic windfalls could

💉 make enough vaccines for world
🏥 provide universal health & social care, fund climate adaptation & reduce gender-based violence
💰still leaving them $8 billion better off than before pandemic
COVID🦠 shone a 🔦 on deep seated inequalities in society linked to historical racism & colonialism

During 2nd wave in 🇬🇧 people of Bangladeshi origin were 5X more likely to die of 🦠 than White British pop

Black people in 🇧🇷 1.5X more likely to die from 🦠 than White people

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