In the last three years, the wealth of 5 rich people doubled while 5 billion people became poorer.
According to the annual report released by the British anti-poverty organization Oxfam, the total income of the world's five richest people increased by one million four million dollars every hour in the last three years.
The report stated that the people of the world are under the earthquakes of inflation due to wars and epidemics, while the treasures of billionaires continue to grow. The governments of the world should impose an annual wealth tax of one trillion dollars on the billionaires and stop the income of the chief executive officers.
According to Oxfam's annual report, the 5 richest people in the world include Bernard Arnault, the chief executive officer of the French company Louis Vuitton, Jeff Bezos, the head of Amazon, investor Warren Buffet, Larry Ellison of Oracle and Elon Musk of Tesla.
Their total income increased from 405 billion dollars to 869 billion dollars.
Oxfam's report states that if the unfair distribution of wealth continues, the world will see its first trillionaire by 2034, while poverty will not end for the next 229 years.
The report said that the world's billionaire class ensures that their corporations continue to rake in wealth at the expense of the labor of others.