While elite gather in Davos, charity calls for wealth tax after rich benefit from soaring energy and food prices
, Switzerland, the development charity said spiralling global food prices had helped create “62 new food billionaires” in just 24 months.The Cargill family, along with three other companies, controls 70% of the global agricultural market.
“At a time when hundreds of millions more people are facing extreme poverty, there can be no excuse for governments not to address gargantuan profits and wealth in order to ensure that no one is left behind.” A third demand is aimed at ending “crisis profiteering” by introducing a temporary windfall tax on all big companies, not only oil and gas firms as proposed by the Labour party in the UK. Oxfam said such a tax on “just 32 super-profitable multinational companies could have generated $104bn in revenue in 2020”.
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