These rich “bad guys” who are pushing back poverty

2023-08-25 05:30:00

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EDITORIAL. More great fortunes also means fewer poor people on the planet. No offense to Cécile Duflot and to all the anti-globalizationists with very narrow views.





by Pierre-Antoine Delhommais

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Ct is a statistic that should delight Cécile Duflot, director general of Oxfam France, an NGO engaged in the fight against poverty and, even more, in the fight against the rich. According to the latest edition of the Global Wealth Report, published by the Swiss bank UBS, the number of millionaires (in dollars) fell worldwide in 2022. There were 59.4 million at the end of December, or 3, 5 million less than a year earlier.

The planet mattered moreover, at the end of last year,243 060 « ultra-rich”, with a net worth over 50 million the dollars, either 22 500 less than the end of 2021. Main person in charge dthe decline of this wealthy population, lit’s recoil of the financial markets, which resulted on a global scale in 19 trillion…


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