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Australian Billionaires and Global Wealth Disparities: Oxfam's Urgent Call for Tax Reform
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- Billionaire wealth grew by $2 trillion globally in 2024.
- Top 1% owns 45% of global wealth, highlighting inequality.
- Oxfam suggests a wealth tax to address income disparity.
- 47 Australian billionaires saw an 8% wealth increase.
- Australian billionaires earn A$67,000 per hour on average.
- 35% of Australian billionaire wealth is inherited.
- Women contribute $10.8 trillion in unpaid labor yearly.
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