Rich people are a threat for democracy, Oxfam finds

https://euobserver.com/health-and-society/ara3abf5ee

Total billionaire wealth in the EU reached €2.4 trillion by late November, exceeding Italy's entire GDP of €2.2 trillion and approaching France's €2.9 trillion economy, a new Oxfam report found.

Archived version: https://archive.is/20260118190308/https://euobserver.com/health-and-society/ara3abf5ee

173 points · 10 comments · view on lemmy.world

10 Comments

Linktank@lemmy.today · 38 pts · 212d

They are a threat to all life on earth at this point.

Maeve@kbin.earth · 23 pts · 212d

Oxfam noted that less than 3.5 percent of EU billionaires' combined wealth – roughly €84 billion – would be sufficient to eradicate extreme poverty globally. Oxfam identifies a key problem in Europe in the disproportionate influence of wealthy individuals on lobbying. As a result, affluent actors can shape political decisions in their favour in ways that poorer segments of society cannot.

reddig33@lemmy.world · 17 pts · 212d (2 replies)

Now where did i last leave that Nicholas Cage “you dont say?” gif…

Akasazh@lemmy.world · 5 pts · 212d (1 reply)

Best I can do is one superb owl:

kora@sh.itjust.works · 1 pts · 211d

[ removed ]

Tiger@sh.itjust.works · 9 pts · 212d (4 replies)

I clicked the link just to see if that pic of Elon was real. Holy moly he looks like an idiot.

athatet@lemmy.zip · 5 pts · 212d

He doesn’t just look like an idiot.

JamieDub86@piefed.social · 4 pts · 212d (2 replies)

I did cos of your comment. Is he wearing two hats, or is one placed on his head?

He looks out of it.

Tiger@sh.itjust.works · 6 pts · 212d (1 reply)

Yeah that’s a hat on a hat

acockworkorange@mander.xyz · 4 pts · 211d

And a hat on a twat.

commiunism@lemmy.dbzer0.com · 0 pts · 212d

Gee whiz, I love it when an institute that's being funded directly by capital interests regurgitates popular liberal narratives and calls it "groundbreaking research".

It sure is very convenient that it's always the fault of some evil nation state or evil individualized billionaires instead of being tendency of capital, a way to manage rising crisis of profitability for one example.