(Headline USA) International activist organization Oxfam has called for governments to impose a “one-time” 99% tax on the world’s billionaires and use the money to fund expanded production of vaccines for the poor.
Oxfam stooges argue that because the number of super-rich have increased during the pandemic thanks to financial stimulus that pumped up stocks, and that they should support poor countries who have less money and access.
Oxfam has released a report written to inform discussions at the upcoming World Economic Forum’s online gathering of political and business leaders.
“The pandemic has been a billionaire bonanza,” Oxfam International Executive Director Gabriela Bucher said. “When governments did the rescue packages and pumped trillions into the economy and to financial markets in order to support the economy for all, what happened is a lot of it went into the pockets of the billionaires.”
Bucher claims that development of vaccines has been “hoarded by the rich countries” seeking to protect pharmaceutical monopolies.
Bucher seeks to claim the fortunes of the world’s 10 richest men—including Elon Musk, Jeff Bezos and Bill Gates—all of whose wealth increased over the course of the pandemic.
On the other side of the coin, 160 million more people have been forced into poverty during the pandemic.
The Oxfam research team forgot to mention that people like Musk are already paying the greatest amount of taxes ever recorded in history.
They also neglected to speak to the effect of the excessive lock downs that forced people out of their jobs and left them unable to provide for themselves and their families.
But, on the continued conquest for weath and power, they will not be stopped.
Oxfam claims that a one-off 99% tax on the 10 richest men’s pandemic windfalls could earn more than $800 billion and be used to fund that effort and other progressive social spending.
The money “would be able to pay for vaccines for the whole world, have health systems for everyone,” Bucher said. “We would also be able to compensate for the damage of climate change and have policies that address gender-based violence.”
Adapted from reporting by the Associated Press.