Executive Director of Oxfam: COVID Has Been One of the Most Profitable Products Ever

Oxfam International at the World Economic Forum called for the wealthiest beneficiaries of the COVID pandemic to be taxed to finance childcare, education, and work opportunities for women in Global South, Economic Times reported.

According to Oxfam’s website, “Oxfam: The future is equal,” a global movement of people working together to end the injustice of poverty.

According to a report from CNBC, Buche added, “The pandemic and now the steep increases in food and energy prices have, simply put, been a bonanza for them.”

“Meanwhile, decades of progress on extreme poverty are now in reverse and millions of people are facing impossible rises in the cost of simply staying alive,” Bucher said.

Bucher also mentioned that Covid has been one of the most profitable products.

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More from CNBC:

A new billionaire emerged every 30 hours during the Covid-19 pandemic, and nearly a million could fall intoextreme poverty at around the same rate in 2022. Those are the sobering statistics recently released by Oxfam.

On top of that, it estimated that 263 million people could be pushed into extreme levels of poverty in 2022 because of the pandemic, growing global inequality and rising food prices that have been exacerbated by the war in Ukraine. That’s the equivalent of nearly a million people every 33 hours, Oxfam said.

**By Jim Hoft