Oxfam on Covid inequality, tax wealthy to pay for vaccines, defend local weather

A pedestrian wearing a face mask delivers food to a homeless man who died on March 23.

Tolga Akmen | AFP | Getty Images

The pandemic has made the rich richer while the income of the rest of the world – about 99% of humanity – has plummeted, according to a new Oxfam report titled “Inequality Kills”.

The wealth of the world’s 10 richest men has doubled from $700 billion to $1.5 trillion during the pandemic, according to the global charity said on Monday.

“It has never been more important to right the violent injustices of this obscene inequality by reclaiming the power and extreme wealth of the elites, including through taxes – to put that money back into the real economy and save lives,” Gabriela said , Executive Director of Oxfam International Bucher.

A 99% windfall tax on the pandemic profits of the world’s 10 richest men would raise enough money to pay for vaccines for the world — and fund various social measures for more than 80 countries, the report said.

Billionaire wealth has risen more sharply since the start of Covid compared to the past 14 years, and a new billionaire has been minted every 26 hours since the pandemic began, Oxfam said.

The CEOs of the Covid vaccine developers Modern and BioNTech earned billions in 2020 as a result of the pandemic.

At the same time, the vast majority of the population is worse off after losing income during Covid-19, and 160 million more people fell into poverty, the press release said.

windfall tax

One way to “recoup” the huge gains billionaires made during the crisis is to tax the money billionaires have made since the pandemic began, the report said.

“A one-time windfall tax of 99% on the wealth gains from Covid-19 for the 10 richest men alone would generate $812 billion,” the report said.

“These resources could be enough to produce enough vaccines for the entire world and to fill funding gaps in climate action, universal health and social protection, and efforts to combat gender-based violence in over 80 countries,” it said.

If these ten men lost 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of everyone on the planet.

Gabriella books

Managing Director, Oxfam International

Even after taxes, the world’s 10 richest men would still be billionaires and, as a group, have increased their wealth by $8 billion since the pandemic began, the report said.

“If these ten men lost 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all people on this planet,” said Bucher.

Beyond a one-time windfall tax, governments must also introduce or increase permanent wealth and capital taxes to “fundamentally and radically reduce wealth inequality,” the report says.

The Oxfam report was released ahead of this week’s virtual meetings of the World Economic Forum, where world leaders will discuss global challenges.

These steps might help shield your cash and your info. How a easy electronic mail or textual content message may open you as much as fraud. – Los Angeles Sentinel | Los Angeles Sentinel

These steps can help protect your money and information. How a simple email or SMS can open you to scams.

Thoughtful young African American women sit at the PC in the home office and prepare to spend money online with a personal plastic card. Smiling biracial woman making payment by bank transfer on ecommerce website

The pandemic has accelerated identity theft – and the impact on ordinary people is significant. In fact, the Americans have more than lost $ 382 million on fraud related to stimulus checks and unemployment benefits, counterfeit treatments for COVID-19, and more, according to the Federal Trade Commission (FTC).

Even worse, Black and Latinx consumers are more likely to be victims of fraud than their white counterparts. Because of this, it is important to identify activities that are aimed at stealing your hard-earned money.

JPMorgan Chase is available to help consumers spot suspicious activity – from fake emails and texts to fake claims about ways to stay healthy. We sat down with Jordan King, the local community manager of the Chase Community Center branch on Crenshaw Blvd., to discuss tips and best practices for a better financial future.

Dissatisfied couple customers who are entitled to contractual terms, various customers who sit at the table and argue with the broker about mortgage loan or real estate problems, fraud and bad contractor concept

What should consumers watch out for with scammers?

King: Let’s start with emails and texts. Phishing is the fancy name for email purporting to be from legitimate companies – including banks. They really come from criminals trying to get your personal information like passwords and credit card numbers.

The email may ask you to reply or click a link that will take you to a website that is similar to your bank’s website. You will then be asked to provide your username, password, account number, personal identification number (PIN), social security number, or other personal information. In addition, if you click an attachment on this email, software called malware may be downloaded that tracks or steals your information.

So be very careful when clicking on a link in an email. instead go straight to the company’s website. And don’t click attachments unless you are sure they are from someone you know and trust.

Scammers are increasingly starting to contact victims via text or phone, mostly from a number they don’t know, telling them there is a problem with your bank account, including it being closed, frozen, or canceled unless You call a phone number or go to a website listed in the message and provide your personal and / or account information.

Are there any specific signs to look out for?

King: Yes, here are a few surefire ones:

  • Scammers will often tell you that they are a Problem or price. You may say you are in trouble with the government, you owe money, someone in your family is having an emergency, there is a problem with your account, or you won the lottery. Remember – if it sounds too good to be true, it probably is.
  • After you set up the problem or the price, become scammers urge you to act immediately. They want you to hand over your sensitive information before you have time to think about it. They could threaten you, emphasize a sense of urgency, or say you are running out of time. However, no legitimate business or government agency will pressure you in this way or request your personal information, such as your social security number, bank account, or credit card numbers, by phone or email.

How can consumers protect their money and information?

King: Here are some best practices:

  • Protect your online information. Download and update antivirus software for your computer, and do not enter sensitive information on public computers or on unsecured networks. Also, be careful about disclosing your financial username and passwords online – this includes financial websites and apps that offer tools to help you manage your accounts, invest, or prepare your taxes.
  • Only buy from safe websites. Look for a lock symbol in the address of a website. This helps protect your credit card number, expiration date and three-digit CVV.
  • Change your passwords often. Change your passwords frequently and use a combination of letters, numbers, and special characters. Don’t use your pet’s name, your child’s name, or anything else that is easy to find out.
  • Create a separate password for each financial institution. This offers an additional level of protection in the event that a problem occurs at an institution.
  • Monitor your accounts. Log into your accounts regularly – even daily – via online banking or your mobile banking app to monitor transactions and your account balance. Look for transactions that you don’t recognize. You can also view your monthly statements and contact your bank immediately if you have any problems.
  • Set up an additional confirmation. The correct name is two-factor or multi-factor authentication. It just means you have to take an extra step or two to access your information. For example, you can request that a text message with a code be sent to the cell phone number that you previously provided to the company. The first time you log into your Chase account electronically or with a device unknown to us, we will ask for your username, password and a temporary identification code. And we will send it to you by phone, email or SMS.
  • Destroy sensitive documents. Destroy bank records, checks deposited through mobile banking, and other documents that contain your account information. Keep monthly checking and savings account statements in a safe place until you file your taxes and then destroy them as well. Chase and other banks offer paperless statements so you can view the information online without having to worry about paper.
  • Check your credit report. Read your credit reports carefully at least once a year. You can request a free annual credit report from any of the three national credit reporting agencies, even if you do not suspect any unauthorized activity is on your account. visit annualcreditreport.com.

A businessman shops online using his cell phone and credit card

How does Chase protect customers from fraud?

King: We see it as a partnership; We help protect your accounts and information, and so do you. We monitor all of our accounts 24/7 including the use of security measures that you cannot see.

Even if we find or flag a transaction that you have not authorized, we offer Zero Liability Protection, which means you will not be held responsible for it.

Stop by our Crenshaw Blvd store or our other locations to learn more about JPMorgan Chase’s commitment to customer safety through our fraud prevention and protection tools. I look forward to working with you.

JPMorgan Chase & Co.

The place’s The Cash: The way to defend your cellphone from hackers

Your phone is an extension of your online life. Here are three ways to ensure that your devices are protected from hackers.

CHARLOTTE, NC – With the recent news of hacked pipelines and large corporations paying ransom to get their files back, you might be wondering how secure your devices are.

It has become much more than just a mobile phone. In reality, our phones are an extension of our online life. We rely on it, monitor the financial assets on it, and may even keep password lists on a variety of websites.

First, who is vulnerable? The answer is everyone. Will you know if you have been hacked or if spyware has been installed on your phone? Probably not, which is why this information is so important.

Know that spyware can collect all of your information like passwords, contacts, photos, videos and documents that you have stored on your phone or computer.

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So how can you make sure your phone is safe? Here are three things you can do to make sure your phone and the information on it are locked tight.

  1. Make sure your automatic updates are turned on, you can do this in the settings. The newer the device, the better the security. Big Tech automatically sends updates and patches to keep up with current threats, so make sure this is enabled.
  2. Don’t use the same password for everything. 13% of respondents in a Harris survey use the same password for everything and 52% use the same passwords for multiple accounts. So change them and make them stronger. Phrases that are unique to you are powerful and should be easier to remember. Avoid the urge to use names of pets, children, and birthdays and anniversaries. Most of this information is available on Facebook. Lock these accounts, don’t keep them public. It’s shocking how many people have open sides that anyone can see.
  3. Activate two-factor authentication. When you enter your password, a code will be sent to your phone or email. Experts say this is a great security measure.

Finally, don’t click on weird emails or messages from long lost friends that suddenly come out of the blue with a link to Photos or some other link to click. Also be careful with the note “Click here to get the bargain coupon”. It can be displayed in any store. Before you click, google the ad to see if it’s real, but don’t just blindly click.

We don’t want to admit it, but human error and password laziness are the two things that make us most vulnerable.

WCNC Charlotte always asks “where’s the money?” If you need help, contact the Defenders team via email money@wcnc.com.

Contact Bill McGinty at bmcginty@wcnc.com and follow him on Facebook.


Will Fuller of Miami Dolphins out to assist athletes shield their cash

If you take a chance on a deep ball this season, this is the Dolphins Tua Tagovailoa Numbers are often aimed at newcomers Will Fuller.

Fuller is an exceptionally fast and explosive wide receiver, but those who know him best also cite intelligence and a keen business acumen.

Fuller wants athletes not to take unwise risks with their money. And that’s why he took on another title – Director of Player Outreach for The Players Company.

“Football doesn’t last long,” said Fuller on Friday. “We get a lot of money quickly. I don’t think many players understand that this has to keep us going for a lifetime. I think other people in other professions are learning how to manage their money from Philadelphia I didn’t really have a lot of money. My parents really couldn’t teach me how to handle my money. “

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Fuller, 27, played with the Texans for the first five years of his career. He and his contractors negotiated a $ 10,625,011 million one-year deal with Miami this off-season.

In a way, Fuller was taking a risk believing his performance for the Dolphins this season could earn a bigger payday going forward.

“This was my first free agency, so I just took it because I wanted to go to a team that wanted me,” said Fuller. “The Dolphins showed the greatest interest. That’s why I chose the Dolphins. Of course, I knew that we had a great team here and that we could do great things. I love the culture here. It was just easy to be here. Me I’m happy the dolphins tried me. “

The Players Company was founded by Richard Sherman, Sheldon Day and Amir Carlisle. The latter two, like Fuller, played football at Notre Dame. The Players Company is committed to helping athletes build wealth and cement their legacies.

In addition to financial services and investment opportunities, The Players Company claims that it gives athletes more opportunities through access to business development and financial education. Essentially, Fuller and his colleagues are trying to limit the chances of athletes making disastrous financial decisions because they lack a collective support network.

“We help players prepare for success after playing football,” said Fuller. “Football doesn’t take long. You could get injured. A lot of people only know football. So they don’t know how to get out of football. We help people with players with a good team around them so they know what they are doing have to get started with their money. “

Dolphins linebacker Brennan Scarlett is also involved with The Players Company, working on business development and strategic partnerships.

Fuller joined Miami’s volunteer team activities because he wanted to develop relationships with his coaches as teammates as soon as possible.

“Faces names,” said Fuller. “Show my face and let people know who I am.”

The Dolphins are counting on Fuller for touchdowns and game-changing plays this season. Miami believes Fuller and Waddle Tagovailoa will help expand the field and make room for other recipients as well.

“You can’t teach speed, and that’s what we have on this team,” said Fuller. “Not just me and Waddle. Other players too. It’ll be fun.”

Describing what he saw in Fuller during the free agent trial, Dolphins trainer Brian Flores said toughness, competitiveness, talent, selflessness and cleverness.

Fuller has worked really hard this off-season to strengthen his core and limit the risk of injury. But Fuller is also interested in a balanced lifestyle.

“I was so focused on football that I didn’t really have the time,” Fuller said of the business interest. “But I had more time in this off-season. In the beginning it only helped people with their financial education. We’re really passionate about it because we see that a lot of people don’t help make smart decisions, the better we will be as athletes. “

A Contemporary Begin: Foolproof Methods To Shield Your Laborious-earned Cash In 2021!

Reading time: 3 protocol

2020 was a year we ticked off the checklist of our wildest dreams. From the pandemic to waiting for our lives to normalize and also on the right track, we’ve seen everything. While some might call it awful, some would say it was instructive too.

It was a year in which we learned many important lessons that we often miss in our fast-paced life. It was necessary to stay prepared and protect ourselves from succumbing again to future mishaps. Here are some precautionary financial measures that will come in handy this year!

  1. An antidote for your data

It is not only people but also the critical data that we have in our phones, laptops, and other such devices that are often at risk, especially when you use the internet. So don’t just vaccinate yourself, get an antivirus for your devices as well.

There are several free versions as well, but hey, try to avoid going cheap when it comes to your safety and prosperity. You can easily choose from several available antivirus programs such as Norton, McAfee or Bitdefender, whichever best suits your needs.

  1. Welcome to modern methods

New problems require new solutions. You cannot expect your high tech problems to be solved simply by calling a trusted maintenance specialist. When your wealth is at stake you need to bring the real weapons out and one such solution is Private Risk Capital Development Advisor.

These are professionals with many years of experience as actuaries, tax lawyers and risk managers. If you live in or around New York and are looking for someone to help you with financing or simply assess a financial risk, then this Brad Barros and his team of experts can contact you. Art, business interests, oil and gas holdings, or other valuable assets can be accounted for through these private risk guidelines.

  1. Your last resort – savings

Even in the darkest of situations, only your secret savings fund can help, a fund that exists only for the flow of incoming cash. Your savings are your own mind, which you must not conjure up until you actually have no other plausible way out.

The future is as unexpected as the unpredictable weather in Michigan or South Dakota. An emergency fund will keep you up to date in the worst case scenario. Okay, we know – maybe you wanted this Gucci, but maybe next time! For the moment, the essentials are necessary.

  1. Say no to worries and debts

It is no surprise that the pandemic caused many companies to file for bankruptcy. These were well known and established companies, but when you have the shadow of debt lurking all over you with no source of income, it is the only way to say goodbye to your savings.

Well done before, now you just have nothing. While this sounds scary, you can get out of this situation by slowly and steadily eliminating all of your debts. First, create the vices checklist to make sure you don’t have one. You know what they say, why be the next chuck-e-cheese when you can survive as easily as the great Pinterest?


It is important to understand that managing money is not an easy task. The help of professionals can certainly save you from major disasters. Check your passwords thoroughly and use separate accounts for less secure internet platforms. Use VPN, learn from Big Shots mistakes and never feel like this can’t happen to you.

The better prepared, the higher your chances of getting back to your everyday life earlier. While you may not have any financial problems, do you still plan to use the methods above? Which do you think is the most effective? Let us know how you’d like to protect your wealth.

How can I defend my cash from upcoming tax modifications?

Q. Now that the Democrats are in control of Congress, I fear they will take away Trump’s tax breaks. What can I do to make sure I’m not paying a ton? Are there any shelters that I can somehow use?

– Worried

A. There are many ways to protect your income and assets from tax, but the best strategies for you will depend on the specifics of your situation.

Initially, people assume that taxes will go up under President-elect Joe Biden and a Democratic Congress, but that’s not certain.

“Biden said there would be no increase in taxes for people on incomes below $ 400,000,” said Jerry Lynch, certified financial planner with JFL Total Wealth Management in Boonton. “So if you are under $ 400 I wouldn’t worry or do anything.”

Planning strategies can be more complicated when you have an income in excess of $ 400,000. So speak to a Professional Who can look into your entire financial situation, he said.

“I would wait for the rules to come out and I think it makes sense that due to COVID-19 nothing will happen until at least the end of 2021,” Lynch said.

But no matter what, don’t forget the big picture.

Taxes will keep changing, and that’s why tax planning needs to be built into your budget, Lynch said. If you don’t, you are meant to be in trouble, he said.

“For example, if all of your money is in a deferred tax account, you retire and they collect taxes. How are you? Either you take out more money and run out of money or you spend less and both options stink, ”he said.

The ideal way to deal with unknown taxes is to back off three tax buckets of money, all with different tax characteristics, he said.

The first is a tax-free bucket, This may include funds from the sale of a primary residence that is tax-free for married people filing tax together, up to $ 500,000, and for singles, $ 250,000. This can include income from Muni bonds, Roth IRAs, and cash from your bank or your capital on an investment.

Then you have one Capital Gain Bucket.

“This is money to invest for a year or more, and the tax rates can be 0%, 15% or 20%,” he said.

The last bucket is ordinary income.

“This is the worst bucket. The rates rise to 37% and possibly higher in the future, ”Lynch said.

He said that when you have all three buckets you can control your taxable income by pulling out of the different buckets as needed and based on the tax climate of the time.

“If you only have a pre-tax IRA, you have no options,” he said.

Send your questions by email to Ask@NJMoneyHelp.com.

Karin Price Mueller writes that Bamboozled Column for NJ Advance Media and is the founder of NJMoneyHelp.com. Follow NJMoneyHelp on Twitter @NJMoneyHelp. Find NJMoneyHelp on Facebook. Sign up for NJMoneyHelp.com‘s weekly e-newsletter.