The wealth of the five richest men doubles, paving the way for the world's first trillionaire in the coming years, exacerbating global wealth inequality.

Oxfam's annual report underscores escalating global wealth inequality, noting that the wealth of the top five individuals has doubled and the world is poised to witness its first trillionaire in the near future. In an additional opinion piece by Peter Stanford, he expresses support for millionaires paying more taxes, countering the common objection against it.

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As the wealth of the world's five richest individuals continues to soar, a surprising cohort is advocating for a wealth tax: millionaires themselves.

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Parliamentary Panel