\u201cWomen and marginalised racial and ethnic groups are bearing the brunt of this crisis. They are more likely to be pushed into poverty, more likely to go hungry, and more likely to be excluded from healthcare,\u201d Bucher stressed.<\/p><\/blockquote>\n<\/blockquote>\n
If women were represented at the same rate as men in these sectors, 112 million women would no longer be at high risk of losing their incomes or jobs, the Oxfam report highlighted.<\/p>\n
Women also make up roughly 70 percent of the global health and social care workforce \u2212 essential but often poorly paid jobs that put them at greater risk of COVID-19.<\/p>\n
Inequality is costing lives<\/h2>\n
Infection and mortality rates are higher in poorer areas of countries such as France and Spain while England\u2019s poorest regions experience mortality rates double that of the richest areas.<\/p>\n
In the EU, 74 percent of the highest-paid employees can work from home, compared with only 3 percent of the lowest-paid workers putting them at greater risk of contracting COVID-19.<\/p>\n
Chiara Putaturo, Oxfam\u2019s EU inequality and tax policy advisor said:\u00a0<\/strong><\/p>\n\n\u201cThe EU can step up the fight against inequality and build back better by creating a fairer tax system. “<\/p><\/blockquote>\n<\/blockquote>\n
Putaturo also stressed that ordinary Europeans should not have to pick up the bill of COVID-19 through cuts to vital services like healthcare and education.<\/p>\n
\u201cExtreme inequality is not inevitable, but a policy choice. Governments around the world must seize this opportunity to build more equal, more inclusive economies that end poverty and protect the planet,\u201d added Bucher.<\/p>\n
Fairer economies for quick recovery<\/h2>\n
Bucher said the fight against inequality must be at the heart of economic rescue and recovery efforts.<\/p>\n
\u201cGovernments must ensure everyone has access to a COVID-19 vaccine and financial support if they lose their job. They must invest in public services and low carbon sectors to create millions of new jobs and ensure everyone has access to a decent education, health, and social care, and they must ensure the richest individuals and corporations contribute their fair share of tax to pay for it,\u201d the Oxfam executive director said.<\/p>\n
\u201cThese measures must not be band-aid solutions for desperate times but a \u2018new normal\u2019 in economies that work for the benefit of all people, not just the privileged few.\u201d<\/p>\n
Putaturo, meanwhile, said that taxation also plays a big role in determining how the people will recover from the pandemic and that the EU must end the practice of \u2018tax dodging\u2019 \u00a0and ensure that large companies like big tech commit their fair share to recovery spending.<\/p>\n
\n\u201cThe EU has a unique opportunity to do this through the swift introduction of an effective EU digital tax, public Country by Country Reporting for corporations, and better screening of tax havens in the EU and beyond,\u201d Putaturo said.<\/p><\/blockquote>\n<\/blockquote>\n
A temporary tax on excess profits made by the 32 global corporations that have gained the most during the pandemic could have raised $104 billion in 2020. This is enough to provide unemployment benefits for all workers and financial support for all children and elderly people in low- and middle-income countries.<\/p>\n
At the EU level, this amount is almost the equivalent of the EU\u2019s financial support plan for Europeans at risk of unemployment and loss of income due to the pandemic.<\/p>\n
\nRead More Stories: <\/strong>SpaceX Breaks Record by Sending 143 Satellites in Orbit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"While it only took nine months after the Covid-19 pandemic broke out for the world\u2019s richest people to regain what they have lost, Oxfam International said will take a decade for billions of poor people to recover from the economic impacts of the deadly virus. Major nonprofit group Oxfam International on Monday reported that 1,000 […]<\/p>\n","protected":false},"author":4,"featured_media":2822,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"COVID-19 Deepens Inequality: World's Richest Regain Wealth in 9 Months, Poor to Suffer Decade-Long Recovery","_seopress_titles_desc":"While it only took nine months after the Covid-19 pandemic broke out for the world\u2019s richest people to regain what they have lost, Oxfam said it will take a decade for the billions of poor people to recover from the economic impacts of the deadly virus.","_seopress_robots_index":"","tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1004,1],"tags":[],"_links":{"self":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2821"}],"collection":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/comments?post=2821"}],"version-history":[{"count":2,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2821\/revisions"}],"predecessor-version":[{"id":2825,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/posts\/2821\/revisions\/2825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media\/2822"}],"wp:attachment":[{"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/media?parent=2821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/categories?post=2821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businessner.com\/wp-json\/wp\/v2\/tags?post=2821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}