Celebrated street artist Matt Adnate, in collaboration with Oxfam Australia and Juddy Roller have today proudly unveiled a powerful new mural in Fitzroy that captures urgent global themes of wealth inequality, concentrated economic power and collective empowerment. The mural launch coincides with the World Economic Forum in Davos and as new Oxfam analysis revealing average […]
New report calls for taxing the super-rich to tackle rampant inequality Average Australian billionaires’ wealth grew by almost $600,000 a day in the last year alone, or over $10.5 billion collectively, new Oxfam analysis reveals today as the World Economic Forum opens in Davos. Since 2020, eight new Australian billionaires have been minted. Today, Australia’s […]
G20 billionaires’ fortunes rise by $2.2 trillion in just one year, more than enough to lift everyone above the global poverty line The amount of wealth that the G20’s own billionaires made just last year – $2.2 trillion – would have been more than enough to lift 3.8 billion people out of poverty, says Oxfam. […]
Nearly 50% of the capital gains tax discount went to just 24,000 people who earned over $1 million in 2022–23, according to a new Oxfam Australia report, as the anti-poverty organisation calls on the Australian government to better tax wealth and end unfair tax discounts. On average, each of these individuals gained a staggering $271,000 […]
A new report by Oxfam Australia, with support from the Human Rights Law Centre, presents evidence of widespread and systemic labour rights violations, including widespread exploitation and child labour, across Bangladesh’s garment supply chain. Drawing on more than one dozen focus group discussions and key informant interviews and surveying over 400 workers, the report Unravelling […]
75% of Australians believe that climate change is increasing the cost of living, as new alliance calls on Government to take action ahead of Economic Reform Roundtable New polling has uncovered that the majority of Australians (62%) agree that coal, oil and gas corporations should pay for the damage caused by their climate pollution, including […]
Oxfam condemns “private finance takeover” of development efforts, as over 3.7 billion people remain in poverty ten years after the Sustainable Development Goals were agreed. New Oxfam analysis unveils “astronomical rise in private wealth”. Between 1995 and 2023, global private wealth grew by $529 trillion – 8 times more than public wealth. Since 2015 Australia […]
The number of Australian billionaires has more than doubled over the past decade, rising from 74 in 2015 to 161 in 2025, according to Oxfam Australia analysis of the Australian Financial Review Rich List. Number crunching also revealed that in the same period, billionaire wealth grew on average by more than $137 million per day, […]
Billionaire wealth surged by over $300 billion in the first month of the year. It would take 15 million workers an entire year to make as much money. Since G20 Finance Ministers agreed to work together to effectively tax the super-rich in July 2024, billionaires have pocketed over $1 trillion in new wealth. More than […]
New poll shows millionaires deeply concerned about impact of extreme wealth as more than 370 millionaires and billionaires sign open letter to world leaders at Davos demanding they draw the line and tax the super rich As the global elite gather in Davos this week for the annual World Economic Forum, a new poll reveals […]