"Oxfam, the world-renowned advocacy group, issued a report ahead of the Davos event which showed that billionaire wealth rose by more than 16% last year, three times faster than the past five-year average, to more than $18 trillion. It drew on Forbes magazine data on the world’s richest people.

Oxfam said the $2.5 trillion rise in the wealth of billionaires last year would be enough to eradicate extreme poverty 26 times over. Their wealth has risen by more than four-fifths since 2020, while nearly half the world’s population lives in poverty, the group said.

The Trump administration has led a “pro-billionaire agenda,” the group said, through actions such as slashing taxes for the wealthiest, fostering the growth of AI-related stocks that help rich investors get richer, and thwarting efforts to tax giant companies."

AI is killing humanity