Imagine all the good that could be done with that amount of money.

It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a cost of living crisis as inflation led to wage cuts in real terms.

I guess we know where all this “inflation” came from.

And stop calling it "profits", it's theft. They are stealing from customers by overcharging, and they are stealing from employees by not paying them enough.

There's absolutely no reason why their workers aren't getting a large chunk of that money, especially when "profits" are up an average of 52 goddamn percent.

When the hell is enough money enough for these assholes? What are they planning to do with all this hoarded wealth? Buy a country?

That's nothing, I once quadrupled my wealth by finding $20 in an old jacket.

I wonder when people will just lose it and start culling these guys for real.

You have lower class people fighting each other in the mud over "welfare queens" and nobody seems to be reaching the logical conclusion that the real enemy is up in that ivory tower.

Thanks, I was feeling a little too happy today.

The truth here is so simple and petty... Corporations and the psychopaths who run them saw COVID as a personal sleight, an attack on them personally. Period.

When things started to eventually "Open up" and financial numbers started to recover, it wasn't enough to just rebound, they had to take revenge on society and get rolling, record profits through gouging, shrinkflation, etc.

Really and truly, this is what happened. Even if they didn't know what was driving them necessarily, they are such broken narcissists that the motivation was/is, "You took from ME, and there are the severe and prolonged consequences for that".

100%

Man they gon be so tasty when we finally get to eat them

Finance is a dead god rotting and we will fight the maggots for every scrap of hydrocarbon rich waste

Someone is just going to literally eat them at this point out of spite

The Lockdowns ended up being poison to the middle class. Not to mention horrible for the mental health of millions and removed the development of children in specific demographics. :-(

Anybody got their home addresses?

This is the best summary I could come up with:

The world's five wealthiest men have more than doubled their wealth since 2020, while five billion people have been made poorer, according to a new report by British charity Oxfam.

It estimated that 148 top corporations made $1.8 trillion in profits, 52 percent up on 3-year average, allowing hefty pay-outs to shareholders even as millions of workers faced a cost of living crisis as inflation led to wage cuts in real terms.

"This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else," Oxfam International interim Executive Director, Amitabh Behar, said.

To address the imbalance, the charity urged governments to curb corporate power by breaking monopolies, instituting taxes on excess profit and wealth, and promoting alternatives to shareholder control like forms of employee ownership.

"Corporate power is used to drive inequality: by squeezing workers and enriching wealthy shareholders, dodging taxes, and privatizing the state," Oxfam said.

"Around the world, members of the private sector have relentlessly pushed for lower rates, more loopholes, less transparency, and other measures aimed at enabling companies to contribute as little as possible to public coffers," Oxfam said.

The original article contains 329 words, the summary contains 193 words. Saved 41%. I'm a bot and I'm open source!

The good news is that they all deserved it! /s

Can we switch to an alternative timeline yet?