Untaxed hidden wealth surpasses wealth of the poorest half of humanity

grebc

If it’s hidden, how does Oxfam know about it?

keysersoze33

Unless political lobbying becomes significantly harder (globally), I don't think the growing gap between the wealthy and poor will change anytime soon. Problem is, to tax the ultra wealthy more, it needs to be coordinated globally. Otherwise, the ultra wealthy just move to where the tax system is more attractive. Not sure if this will ever happen to be honest. However, awareness of the problem is still important

amadeuspagel

All statistics of this type are based on substracting debt. If a headline like "Elon Musk is -100 times as wealthy as Jérôme Kerviel"[1] would strike you as absurd, these headlines are no less so. [1]: https://www.theatlantic.com/business/archive/2012/11/meet-th...

josefritzishere

Jay Newman wrote something poignant about this https://www.wealthsimple.com/en-ca/magazine/undermoney-jay-n...

uncanny2

You will be astounded at how much “dead wealth” is out there. Just look at how much of Bitcoin will likely never move and see the ratio of wealth sitting in stasis and that accessible and animated by the living populations. And never take anything from anyone who is “not culpable.” Not means never “one of them.” A righteous rule of law serves everyone, not only those literate in its use.