The Davos festival of wealth is back.

Buckle up. New @Oxfam inequality data out now.

Headline: our decade's began with the 1% capturing *twice* as much new wealth as the 99% put together.

A $26 trillion grab.

Welcome to the new roaring 20's folks.

A 🧵cnn.com/2023/01/15/bus… So the 1% captured *two-thirds* of all new wealth.

But there's more.

The 1% have outdone (!) their astonishing grab of half of all new wealth over the past decade.

While just the world's billionaires? They're growing their wealth by $2.7 billion a day. theguardian.com/inequality/202…

Never in our lifetimes have the rich got richer and poor got poorer at such a dramatic rate

5 mega stats about inequality. out today. by @oxfam

1⃣ The pandemic creates new billionaire *every 30 hours* — now a million people could fall into extreme poverty *at same rate* in 2022

https://twitter.com/CNN/status/1528594094594850816

Billions of people right now across the world: looking at impossible food and energy price rises, wondering how to put food on table

2⃣ Billionaires in the food and energy sectors right now: increasing their fortunes by *one billion dollars every two days* (yes, read that twice)

The biggest surge in billionaire wealth since records began.

A new billionaire created every 26 hours this pandemic. While Covid19 has left 99% of humanity worse-off.

New @Oxfam inequality report out today. Deep breath. Its chilling.

A 🧵

#DavosAgenda edition.cnn.com/2022/01/16/bus… Proud to be lead author of this new paper, as part of an exceptional team (some I can tag here)

Each Davos we release shocking data. But we're gonna need to find new adjectives this year.

Billionaire wealth has surged more since pandemic began than in 14 years before combined.

I want to share some of what @DarrickHamilton spoke about @wef #DavosAgenda yest, at a session on the #InequalityVirus w/@Oxfam.

Its a message that needs to be but is rarely ever heard on the global stage.

From economic rights to race to narrative to art to authoritarianism.
⬇️ Big theme: we "need to move and transition towards economic rights".

"Civil and political aspects of human rights have been ingrained in our public psyche but at least as important are economic rights." @DarrickHamilton

We risk seeing the biggest rise in inequality *since records began*

The world's 10 richest billionaires -all men- are over *half a trillion* dollars richer since March

This ain't a drill. New @Oxfam report out now as Davos kicks off

Bloomberg👇. THREAD bloomberg.com/news/articles/… Those ten billionaires? That's half a trillion RICHER since March. They were already immensely rich

Half a TRILLION you ask? That's more than enough to pay for a COVID19 vaccine for us all and to ensure *no one's* pushed into poverty by the pandemic cbsnews.com/news/oxfam-bil…

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