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The assets of the world's billionaires rose by $ 10 billion a day in January

An economist warns that the exciting speed of extreme wealth growth brings more power into the hands of tiny ones.

The collective assets of the world's billionaires in the first month of 2025 grew by around 10 billion US new tax breaks for the ultra-rich.

The new analysis of the billionaire assets was published on Monday by the global #Taxthesuperrich movement, an alliance that puts the G20 nations under pressure to tax the Mega-Rich to determine destructive inequality and critical priorities, including urgently needed climate measures, to finance.

According to the analysis, the global billionaire assets increased by a total of 314 billion US dollars in January, which “makes up more than the combined assets of the 2.8 billion people who make up the poorest third of humanity”.

Research based on Forbes Data estimates that 15 million workers who earn the average global income per year to earn the same amount of money that around 2,800 billionaires alone contributed to their collective net assets last month.

“Extreme fortune not only grows – it accelerates at the hands of tiny at an exciting speed and puts more and more power,” said economist Jayati Ghosh, member of the independent commission for the reform of international corporate tax. “The failure of action enables a better unchecked greed and the deepening of differences, which expands oligarchs their great fortune and further expands its power over the rest of the world.”

The #Taxhesuperrich movement includes dozens of interest agency organizations from Oxfam to Amnesty International to the US Patriotic Millionaire-who call on governments around the world to achieve a global agreement “to tax the super-rich with high interest rates to tax to reduce inequality and mechanisms to end tax avoidance. “

The new analysis was published as a G20 Minister of Finance, which gathered for a round of meetings in South Africa who currently have the G20 presidency.

Shortly after taking office, Trump changed to the United States – after more billionaires than in any other nation – from global tax transactions and negotiations, including an OECD agreement, which demanded a minimum tax rate of 15% for the profits of multinational companies.

Morris Pearl, chairman of the patriotic millionaires, said on Monday that “rising and extreme inequality threatens everything that is important to us: our democracies, our economies, our planet and our broader society.”

“In our increasingly connected world, it is a global problem that requires global solutions,” added Pearl. “That is why my group, patriotic millionaires, is proud to work with over 50 international organizations in order to demand the G20 managers, to pursue their commitment in order to work together in the cooperation in the taxation of the super-rich.”

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