Our latest annual inequality report, “Takers Not Makers” explores how most billionaire wealth is taken, not earned - with 60% coming from either inheritance, cronyism or monopoly power. Furthermore, our deeply unequal world remains colonial in many ways. There is a long history of colonial domination which has largely benefited the richest people. This system still extracts wealth from the Global South to the super-rich 1% in the Global North at a rate of $30million an hour. This must be reversed.

To contribute to meaningful systemic change, governments must:

• Radically reduce inequality – setting global and national goals to do so.
• Repair the wounds of historical colonialism through apology and reparations
• End systems of modern-day colonialism.
• Tax the richest to end extreme wealth.
• Promote South-South cooperation and solidarity.
• End ongoing formal colonialism in all forms.