The World's 10 Richest Men Have Made So Much Money During the Pandemic That a One-Time 99% Tax on Their Gains Could Pay for All Covid-19 Vaccine Production and More: Oxfam

According to the charity Oxfam, the wealth of the 10 richest men in the world has grown so much that a one-time 99% tax on their gains would be able to pay for the production of all the COVID-19 vaccines the world needs.

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Billions of dollars have had a great epidemic. Central banks pumped trillions of dollars into financial markets to save the economy, yet much of that has ended up lining the pockets of billionaires riding a stock market boom, according to a new report from the organization.

From March 2020 to November 2021, the wealth of the world's 10 richest men more than doubled from $700 billion to 1.5 trillion, according to a report by the charity. The charity said that it would take a rate of $15,000 a second or 1.3 billion a day.

The figures were calculated using the Forbes Billionaires List, which had Musk, Bezos, and Arnault on it.

Billions of people were cut off from the vaccine supply because rich governments allowed pharma billionaires and monopolies to cut off the supply. The result is that every kind of inequality is at risk.

A one-time 99% windfall tax on the gains in fortunes of the 10 richest men would be able to pay for the manufacture of the world's COVID-19 vaccines. Universal healthcare and social protection are two public-works projects that would be funded.

The report noted that the men were $8 billion better off than before the epidemic.

The charity wants governments toclaw back gains made by billionaires.

"It has never been so important to start righting the violent wrongs of this obscene inequality by clawing back elites' power and extreme wealth, including through taxation, getting that money back into the real economy and to save lives," he said.