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One billionaire was minted every 30 hours during the pandemic. Now, a million people may fall into extreme poverty every 33 hours, Oxfam estimates.

One billionaire was minted every 30 hours during the pandemic. Now, a million people may fall into extreme poverty every 33 hours, Oxfam estimates.

That’s according to a new report called Profiting from Pain, released by UK-based nonprofit Oxfam on May 23.

To overcome the wealth disparity, Oxfam recommends a permanent wealth tax.