Richest 1% Hold 35% Of Ireland's Financial Wealth
The richest 1% of the country holds over 35.4% of Ireland's financial wealth.
Ireland's two richest billionaires meanwhile, have more wealth than the bottom half of the population.
Oxfam, which carried out the research, is urging the Government to close tax loopholes, and also wants to see the introduction of a 'progressive wealth tax' which it says could generate up to €9.2 billion a year.
The international charity says the world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020.
It says "if current trends continue, the world will have its first trillionaire within a decade, but poverty won't be eradicated for another 229 years."
Oxfam International interim Executive Director Amitabh Behar, says we’re witnessing the beginnings of a decade of division.
"With billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom. This inequality is no accident, the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else."
