The fortunes of the 15 Mexican billionaires increased by 645 billion pesos, the equivalent of a third of what they had before, during the COVID-19 pandemic, The Oxfam organization denounced this Monday in a report.
For this reason, the association proposed a 5% tax on these great fortunes, with which they estimate that 270 million pesos would be collected annually, which would increase investment in public health by about 40% or multiply that of environmental protection by 17.
“Despite the advances in social and labor policies of the federal government, in the context of the pandemic, inequality in Mexico continues to be lacerating,” summarized Oxfam in the study “The Law of the Richest,” presented last week at the Economic Forum Davos World Cup and published this Monday with specific data for Mexico.
In it they cite, based on the National Council for the Evaluation of Social Development Policy (Conveal), that while 43.9 million Mexicans live in poverty and 8.5 million in extreme poverty, the fortune of millionaires increased by a third during the pandemic.
With the 15 great billionaires in Mexico, the report explained, they refer to those who have a net fortune of more than a billion dollars, among whom they point to Carlos Slim as the richest in all of Latin America.
Thus, Oxfam, the owner of the Inbursa Financial Group and Sanborns, among other businesses, had an impact, saw his fortune grow by 42% during the aforementioned period (20 million pesos), which means that he already agglutinates more wealth than half of the Mexican population.
Likewise, the document pointed out that, of every 100 pesos of wealth created between 2019 and 2021, 40 pesos went to the richest 1%, while only 21 fell to the poorest 50%.
Carlos Slim Mexican Economy Oxfam
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