The richest Americans are increasing their fortunes. Oxfam raises the alarm about inequalities
According to data presented by Oxfam, half of the US population owns only 1.1%. shares listed on American stock exchanges. Meanwhile, the richest 1 percent citizens are controlled by as much as 50 percent. these assets. The report emphasizes that in the last year the ten richest Americans became richer by a total of nearly USD 700 billion.
The rest of the article below the video:
Oxfam, citing these data, points to the growing wealth gap in the United States. In a comment on the report, Abby Maxman, president of Oxfam America, stated that the current situation confirms the fears of many Americans who see the emergence of a new oligarchy in the country. Maxman also emphasized that billionaires and major corporations are reporting record profits while average families struggle with housing problems, health care costs and rising food prices.
The Trump administration under the microscope of Oxfam
The Oxfam report drew attention to the actions of the Donald Trump administration and the Republican-controlled Congress. The organization assessed that the current government is acting very quickly and on a large scale, using its capabilities to enrich the richest and most influential people in the country. According to Oxfam, these policies may lead to further deepening of social inequalities.
Abby Maxman noted that although similar actions had taken place before, the difference now is the scale of undemocratic power accumulated by those in power. In her opinion, the Trump administration and Republican congressmen risk further increasing social stratification in the United States.
Read also: The richest 2,000 people have as much wealth as the 4.6 billion poorest people in the world
Oxfam is an international non-governmental organization that was established in 1942 in Great Britain as the Oxford Committee for Famine Relief. Its goal is to fight poverty, hunger, climate change and social inequalities. Oxfam works with local partners and communities in over 90 countries around the world.
