While elite gather in Davos, charity calls for wealth tax after rich benefit from soaring energy and food prices
The fortunes of food and energy billionaires have grown by $453bn over the past two years owing to soaring energy and commodity prices during the pandemic and Vladimir Putin’s war in Ukraine, a report by Oxfam has revealed.
As the world’s business and political elite meet for the World Economic Forum in Davos, Switzerland, the development charity said spiralling global food prices had helped create “62 new food billionaires” in just 24 months.
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