Oxfam calls for tax on super rich as Ireland’s billionaires got €13bn wealthier last year

Oxfam Ireland CEO Jim Clarken said Donald Trump, who is backed by the world's richest man, Elon Musk, will be 'a president of and for billionaires'. Picture: AP

Ireland’s billionaires added an additional €13bn to their wealth last year, the equivalent to €35.6m each day, according to a new report from Oxfam Ireland.

The charity called for greater taxation on extreme wealth as its latest report, Takers not Makers, found that it now takes just five days for those in the richest 1% of the population to earn what someone in the bottom 50% of the population earns in a year.